ADNOC DRILLING-

Adnoc’s drilling arm saw its net income increase 10% y-o-y to USD 368 mn in 3Q 2025, according to its management discussion and analysis report (pdf). Its revenues hit a record USD 1.3 bn, up 23% y-o-y, as the firm expanded its operations and new rigs came online over the course of the year.

Adnoc Drilling’s unconventional segment contributed more to revenues than previous quarters, with a 370% y-o-y increase to USD 158 mn, as it works through contracts such as the USD 1.7 bn it was awarded by Adnoc in May to recover unconventional energy resources across 144 wells in the UAE, according to its earnings release (pdf). This was good news for its revenues, given the high returns it offers, the release said.

In 9M 2025, its net income after tax rose 17% y-o-y to USD 1.1 bn, while revenues rose 27% y-o-y to USD 3.6 bn. It also secured a record USD 5 bn in contracts during the period, according to the release.

Dividends: The company’s board approved a dividend payout of USD 250 mn for 3Q 2025 — its highest ever, after it increased its dividend distribution floor to AED 25 bn by 2030, and to AED 3.7 bn in 2025 (+27% y-o-y).

Looking ahead: The company updated its revenue forecast to up to USD 4.9 bn for 2026, up from a previous forecast of between USD 4.7-4.8 bn.

Also set to boost net income: Decreasing interest rates, CFO Youssef Salem told Asharq Business (watch, runtime: 9:51), which will be good considering the USD 2 bn in financing facilities it raised recently, which feature variable rates.

ALDAR PROPERTIES-

Real estate developer Aldar Properties reported AED 1.9 bn in 3Q 2025 net income, up 49% y-o-y, with revenues rising 44% y-o-y to AED 8.0 bn, the company said in its earnings presentation (pdf). The group’s 9M 2025 net income hit AED 5.9 bn, rising 30% y-o-y, while revenue was up 43% y-o-y to AED 23.5 bn.

The performance was underpinned by growth across both of the group’s platforms, with Aldar Development’s growth driven by becoming a “leading destination builder, diversifying product and customer segments, and replenishing strategic landbank” in the UAE. Its revenues grew 51% y-o-y in 3Q 2025 to AED 5.8 bn, while revenues were up 50% y-o-y on a 9M basis to AED 17.1 bn as it expanded in Egypt and the UAE “organically and through land replenishments” and entered new markets. Aldar’s development backlog is now sitting at AED 66.5 bn, hitting a new record, with the vast majority of that figure in the UAE. Aldar Investment also saw growth supported by acquisitions, as well as several assets coming online.

Group-wide development sales grew 2% y-o-y in 3Q to AED 10.2 bn and 19% y-o-y to AED 28.5 bn. UAE sales hit AED 9.1 bn during the third quarter and AED 26.5 bn across the first nine months of the year.

e&-

Emirates Telecommunications Group Company (e&) reported a 0.8% y-o-y rise in net income attributable to owners to AED 3 bn in 3Q 2025, while revenues climbed 29.2% y-o-y to AED 18.6 bn, according to its financials (pdf) and a separate earnings release (pdf). The group’s subscriber base increased 14% y-o-y to 202.2 mn in 3Q 2025.

For the first nine months of 2025, the firm’s bottom line jumped to AED 13.2 bn from AED 8.2 bn the year before, amid sustained expansion in international operations following the consolidation of e& PPF, with international revenues jumping 57.2% y-o-y to reach AED 23.6 bn during 9M. Total revenues reached AED 53.5 bn, marking a 25.3% increase from 9M 2024.

DUBAI ISLAMIC BANK-

Dubai Islamic Bank (DIB) reported a net income of AED 2.0 bn in 3Q 2025, down 5.8% compared to 3Q 2024, according to its financials (pdf) and a separate earnings release (pdf). The bank’s total income rose 5.6% y-o-y to AED 6.0 bn, driven by an uptick in income from commission, fees, and foreign exchange, as well as from held investments and properties.

For the nine-month period, DIB’s net income rose 4.3% y-o-y to AED 5.7 bn for 9M 2025. The lender recorded a 2.2% y-o-y increase in total income to AED 17.4 bn for the same period. An uptick in non-funded income, strong margins, and increased business volumes drove growth.

NMDC ENERGY-

NMDC Energy posts 3Q results: NMDC Energy — a subsidiary of the National Marine Dredging Company (NMDC) — recorded an 8.5% y-o-y drop in net income to AED 367.6 mn in 3Q 2025, according to its financials (pdf). The firm’s top line rose 22% y-o-y to AED 4.8 bn during the quarter

On a 9M basis: NMDC Energy saw its net income rise 5% y-o-y to AED 950.9 mn for 9M 2025, driven by solid backlog execution and operational strength, according to a management discussion and analysis report (pdf). The company’s revenues increased 33% y-o-y to AED 13 bn during the same period, with global market operations accounting for some 31% of the firm’s revenues during the period. NMDC Energy secured an AED 9.7 bn engineering, procurement, and construction contract for a local project in March. It also announced plans to invest USD 500 mn in a dedicated offshore wind vessel back in February.

GHITHA-

Abu Dhabi-based food manufacturer Ghitha Holding saw its net income drop to AED 25.4 mn in 3Q 2025, down from AED 42.5 mn the year before, according to its quarterly financials (pdf). Total revenues surged to AED 1.3 bn, up 14.3% y-o-y, driven primarily by higher sales of food and non-food goods. Gross earnings climbed 23.7% to AED 280.7 mn.

For the nine-month period, the group reported a revenue of AED 4.0 bn, up 9.2% y-o-y, with its bottom line seeing a steep drop to AED 80 mn, down from AED 2.8 bn in 9M 2024, which had seen a AED 2.7 bn gain from the derecognition of a subsidiary.

Behind the results: Strong performance across core activities and acquisitions drove earnings for the quarter — which saw Ghitha restructure its agricultural and fresh food operations via its subsidiary NRTC Food Holding, in a bid to enhance its supply-chain value, according to a separate earnings release (pdf). Inflows from its 2024 acquisition of Arabian Farms also boosted its balance sheet, along with its March takeover of Al Jazira Poultry.

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