ADNOC Drilling Company P.J.S.C Past Earnings Performance
Past criteria checks 4/6
ADNOC Drilling Company P.J.S.C has been growing earnings at an average annual rate of 21.5%, while the Energy Services industry saw earnings growing at 24.1% annually. Revenues have been growing at an average rate of 18.7% per year. ADNOC Drilling Company P.J.S.C's return on equity is 32.7%, and it has net margins of 29.3%.
Key information
21.48%
Earnings growth rate
21.50%
EPS growth rate
| Energy Services Industry Growth | 23.29% |
| Revenue growth rate | 18.65% |
| Return on equity | 32.73% |
| Net Margin | 29.28% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Apr 08
ADNOCDRILL: Upcoming Board Dividend Decision Will Support Attractive Return Potential
Analysts have made a small upward revision to the AED fair value estimate for ADNOC Drilling Company P.J.S.C., reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margins and future P/E that together support a modest increase in the implied price target. What's in the News The board has scheduled a meeting for Feb 11, 2026, at 11:00 Coordinated Universal Time to review and approve the audited annual financial statements for the year ended Dec 31, 2025 (Key Developments).Narrative Update • Mar 25
ADNOCDRILL: Upcoming Dividend Decision Will Support Attractive Forward Return Potential
Analysts have trimmed their AED price target for ADNOC Drilling Company P.J.S.C. slightly, moving it from about AED 6.58 to around AED 6.52, reflecting updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels. What's in the News A board meeting is scheduled for 11 February 2026 at 11:00 Coordinated Universal Time to review and approve the audited annual financial statements for the year ended 31 December 2025 (company disclosure).Narrative Update • Mar 10
ADNOCDRILL: Forthcoming Dividend Decision Will Support Earnings Quality And Total Returns
Analysts have made a small upward adjustment to their fair value estimate for ADNOC Drilling Company P.J.S.C. to AED 6.58 per share. This reflects fine tuning of assumptions for discount rate, long term revenue growth, profit margins and future P/E multiples rather than any major shift in the investment story.Narrative Update • Feb 22
ADNOCDRILL: Upcoming Dividend Decision Will Support Earnings Quality And Future Returns
Analysts have slightly reduced their price target for ADNOC Drilling Company P.J.S.C. to AED 6.58 from AED 6.61, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled for Feb 11, 2026 at 11:00 Coordinated Universal Time to review audited annual financial statements for the year ended Dec 31, 2025 (Key Developments) Board to consider a proposal for a cash dividend distribution to shareholders for the fourth quarter of the 2025 financial year (Key Developments) Board to consider inviting the annual general assembly to convene, set the meeting date, and define its agenda (Key Developments) Board to review other general matters related to the company’s activities and projects (Key Developments) Valuation Changes Fair Value: AED 6.58, slightly below the prior AED 6.61, indicating a small downward adjustment to the central valuation estimate.Analysis Article • Feb 13
ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) Price Is Out Of Tune With Earnings
When close to half the companies in the United Arab Emirates have price-to-earnings ratios (or "P/E's") below 11x, you...Narrative Update • Feb 08
ADNOCDRILL: Refined 2025 Assumptions Will Support Earnings Quality And Returns
Analysts have made a small downward revision to their price target for ADNOC Drilling Company P.J.S.C., trimming fair value slightly as they factor in marginally lower projected revenue growth, profit margins, and a modestly higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from AED 6.62 to about AED 6.61 per share, reflecting a modest adjustment in the modelled outlook.Narrative Update • Jan 25
ADNOCDRILL: Updated 2025 Guidance Will Support Earnings Quality And Future Returns
Analysts have trimmed their price target for ADNOC Drilling Company P.J.S.C. slightly to around US$6.62 from about US$6.64, reflecting updated views on revenue growth, profit margin expectations, and forward P/E assumptions. What's in the News ADNOC Drilling updated its 2025 revenue guidance to a range of US$4.75b to US$4.85b, compared with the previous range of US$4.65b to US$4.80b (company guidance).Narrative Update • Jan 09
ADNOCDRILL: Higher 2025 Guidance And Dividend Plans Will Support Future Returns
Analysts have nudged their fair value estimate for ADNOC Drilling Company P.J.S.C. slightly higher to about $6.64 per share, reflecting updated assumptions around revenue, profit margins and future P/E that collectively support a modestly higher price target. What's in the News Updated full year 2025 revenue guidance to a range of US$4.75b to US$4.85b, compared with the previous range of US$4.65b to US$4.80b (company guidance).Narrative Update • Dec 14
ADNOCDRILL: Rising 2025 Dividends Will Support Strong Future Shareholder Returns
Analysts have made a marginal downward adjustment to their price target for ADNOC Drilling Company P.J.S.C., trimming it by approximately AED 0.00. This reflects slightly higher perceived risk and only incremental changes to long term growth and profitability assumptions.Analysis Article • Dec 05
Returns on Capital Paint A Bright Future For ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Nov 28
ADNOCDRILL: Dividend Increases And Stronger Revenue Outlook Will Drive Earnings Upside
Analysts have slightly raised their price target for ADNOC Drilling Company P.J.S.C. from $6.61 to $6.62, citing modest expectations for improved revenue growth. This adjustment comes despite a minor decrease in projected profit margins as well as a small increase in the projected discount rate and future P/E ratio.Narrative Update • Nov 10
ADNOCDRILL: Profit Margin Improvement Will Drive Earnings and Dividend Upside
Analysts have raised their price target for ADNOC Drilling Company P.J.S.C. from approximately $6.52 to $6.61 per share, citing improved profit margin forecasts and adjustments in revenue growth expectations. What's in the News Full-year 2025 earnings guidance updated, with revenue now expected between USD 4.75 billion and USD 4.85 billion, and net profit projected at USD 1.40 billion to USD 1.45 billion.Analysis Article • Oct 30
Analysts Have Made A Financial Statement On ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) Third-Quarter Report
A week ago, ADNOC Drilling Company P.J.S.C. ( ADX:ADNOCDRILL ) came out with a strong set of third-quarter numbers that...Narrative Update • Oct 27
Dividend Approvals And Upward Profit Margin Will Shape Future Energy Security
Analysts have slightly lowered their price target for ADNOC Drilling Company P.J.S.C. from $6.55 to $6.52, citing modest adjustments in revenue growth forecasts and discount rates. What's in the News Board meeting scheduled for October 27, 2025, to consider and approve third quarter 2025 financial statements, interim cash dividend distribution, and other general matters.Analysis Article • Oct 13
ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) Business Is Yet to Catch Up With Its Share Price
When close to half the companies in the United Arab Emirates have price-to-earnings ratios (or "P/E's") below 12x, you...Narrative Update • Oct 10
Integrated Drilling And Oman-Kuwait Deals Will Secure Future Energy
Analysts have raised their price target for ADNOC Drilling Company P.J.S.C. to $6.55 per share, up from $6.44. They cite slight improvements in profit margins and discount rates, even though revenue growth forecasts have been reduced.Analysis Article • Aug 02
The ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Second-Quarter Results Are Out And Analysts Have Published New Forecasts
It's been a good week for ADNOC Drilling Company P.J.S.C. ( ADX:ADNOCDRILL ) shareholders, because the company has just...Analysis Article • Jul 22
The Trend Of High Returns At ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Has Us Very Interested
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Analysis Article • Jun 14
ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) Share Price Could Signal Some Risk
When close to half the companies in the United Arab Emirates have price-to-earnings ratios (or "P/E's") below 12x, you...
New Narrative • Feb 13
Expansion Into Jordan, Kuwait, And Oman Will Diversify Operations And Strengthen International Presence
Expansion of rig fleet and operational efficiency aims to support significant revenue growth and achieve targeted oil production goals.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How ADNOC Drilling Company P.J.S.C makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 4,961 | 1,453 | 142 | 0 |
| 31 Dec 25 | 4,903 | 1,449 | 148 | 0 |
| 30 Sep 25 | 4,813 | 1,459 | 73 | 0 |
| 30 Jun 25 | 4,580 | 1,426 | 70 | 0 |
| 31 Mar 25 | 4,318 | 1,370 | 141 | 0 |
| 31 Dec 24 | 4,034 | 1,304 | 128 | 0 |
| 30 Sep 24 | 3,688 | 1,234 | 106 | 0 |
| 30 Jun 24 | 3,438 | 1,156 | 93 | 0 |
| 31 Mar 24 | 3,227 | 1,089 | 81 | 0 |
| 31 Dec 23 | 3,057 | 1,033 | 75 | 0 |
| 30 Sep 23 | 2,949 | 937 | 86 | 0 |
| 30 Jun 23 | 2,844 | 869 | 33 | 0 |
| 31 Mar 23 | 2,788 | 846 | 79 | 0 |
| 31 Dec 22 | 2,673 | 802 | 106 | 0 |
| 30 Sep 22 | 2,515 | 712 | 142 | 0 |
| 30 Jun 22 | 2,416 | 702 | 207 | 0 |
| 31 Mar 22 | 2,348 | 669 | 224 | 0 |
| 31 Dec 21 | 2,269 | 604 | 239 | 0 |
| 30 Sep 21 | 2,275 | 607 | 235 | 0 |
| 30 Jun 21 | 2,219 | 548 | 255 | 0 |
| 31 Mar 21 | 2,120 | 528 | 223 | 0 |
| 31 Dec 20 | 2,098 | 569 | 206 | 0 |
| 31 Dec 19 | 2,061 | 583 | 189 | 0 |
| 31 Dec 18 | 1,961 | 685 | 178 | 0 |
Quality Earnings: ADNOCDRILL has high quality earnings.
Growing Profit Margin: ADNOCDRILL's current net profit margins (29.3%) are lower than last year (31.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ADNOCDRILL's earnings have grown significantly by 21.5% per year over the past 5 years.
Accelerating Growth: ADNOCDRILL's earnings growth over the past year (6%) is below its 5-year average (21.5% per year).
Earnings vs Industry: ADNOCDRILL earnings growth over the past year (6%) exceeded the Energy Services industry 3.5%.
Return on Equity
High ROE: ADNOCDRILL's Return on Equity (32.7%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 04:29 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ADNOC Drilling Company P.J.S.C. is covered by 23 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Soha Saniour | Arqaam Capital Research Offshore S.A.L. |
| Passant Mohamed | Arqaam Capital Research Offshore S.A.L. |
| Nour Sherif | Arqaam Capital Research Offshore S.A.L. |