Latest news with #MEERAi
Arabian Post
3 days ago
- Business
- Arabian Post
ADNOC's AI Push Spurs H1 2025 Earnings Surge
Arabian Post Staff -Dubai ADNOC Group's six publicly listed entities posted a combined net profit of USD 4.7 billion for the first half of 2025, underscoring how the widespread deployment of advanced artificial intelligence across operations has sharpened efficiency and underpinned robust growth. At the heart of this transformation lies MEERAi, ADNOC's proprietary AI platform. It is deployed across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe and Borouge, delivering real-time, data-driven insights that are elevating decision-making and operational precision across the board. ADVERTISEMENT ADNOC Gas achieved a record Q2 net income of USD 1.385 billion, marking a 16 per cent year-on-year rise, while EBITDA increased 8 per cent to USD 2.256 billion, propelled by surging local demand and operational prowess. Investors will see the payoff as the board approved an interim dividend of USD 1.792 billion, up 5 per cent, due for disbursement in September 2025. MEERAi's impact was central in guiding the board's strategic decisions. ADNOC Distribution delivered its highest first-half EBITDA to date—USD 566 million, up 10 percent—with net profit climbing 12.2 percent to USD 358 million. Fuel volumes surged to a record 7.62 billion litres, and non-fuel retail gross profit lifted 14.9 percent. The AI-driven enhancements include predictive fuel-demand forecasting, intelligent assortment planning and hyper-personalised customer offerings. The company introduced MEERAi to its board for real-time strategic oversight, and it expects to distribute a USD 350 million dividend in October 2025. ADNOC Drilling also delivered standout performance, with management attributing its ability to scale through diverse energy cycles to advanced technologies including AI. The board approved a USD 217 million second-quarter dividend in August 2025. The company is also pursuing regional expansion, including a majority stake acquisition in SLB's land drilling business across Kuwait and Oman. Borouge's AI, digitalisation and technology programme generated USD 307 million in value, including an AI-powered control room in collaboration with Honeywell and integration with MEERAi. New product innovations such as medical-grade polyolefins and recyclable packaging also featured prominently. Meanwhile, ADNOC's broader push to harness AI is also playing a central role in its clean-energy pivot. Following earlier investments in AI tools like RoboWell and AR360, which generated USD 500 million in value and reduced around one million tonnes of CO₂ emissions between 2022 and 2023, the company is now deploying AI to advance low-carbon energy frontiers including hydrogen and carbon management, in partnership with entities such as SOCAR, Microsoft and Masdar. Across all six listed companies, the near-term financial performance echoes the effectiveness of ADNOC's strategy of embedding AI across both core operations and emerging markets. The unified deployment of MEERAi is not just enhancing control-room functions, but reshaping boardroom dynamics, driving smarter strategy execution, operational optimisation, emissions reduction and product innovation. Key players in this transformation include the leadership of ADNOC Distribution, championing digital retail evolution; ADNOC Drilling's CEO Abdulla Ateya Al Messabi, who has publicly credited AI for the company's resilience and growth momentum; and the broader ADNOC executive team, aligning technology and energy transition goals. Their collective efforts are reinforcing ADNOC's position as a global energy player committed to leveraging AI for sustainable value creation.
Zawya
4 days ago
- Business
- Zawya
ADNOC listed companies harness AI to accelerate growth, deliver long-term value
ABU DHABI: ADNOC Group's six publicly listed companies have accelerated the integration of advanced Artificial Intelligence (AI) technologies across their operations, driving growth and boosting operational efficiency. The strategic focus in embedding AI was matched by strong financial performance, with the companies posting a combined net profit of $4.7 billion (AED 17.3 billion) for the first half of 2025, underscoring the strength of ADNOC's diversified portfolio and focus on value creation. At the core of this transformation is MEERAi, ADNOC's proprietary AI tool, which empowers boardrooms with real-time, data-driven insights for sharper, faster decision-making. Across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe, and Borouge, AI is streamlining operations, reducing emissions, and elevating customer experience. These AI-driven initiatives reinforce ADNOC's position as a progressive global energy company committed to harnessing the power of AI. ADNOC Gas achieved a record net income of $1.385 billion (AED5.1 billion) for Q2 2025, up 16% year-on-year, with EBITDA rising 8% to $2.256 billion (AED8.3 billion), driven by strong local demand and operational efficiency. The Board approved an interim dividend of $1.792 billion (AED6.6 billion), up 5%, which is payable in September. Capital expenditure increased 49% year-on-year, with significant progress on strategic projects, including taking a Financial Investment Decision on Phase 1 of the $5 billion Rich Gas Development (RGD) project. Following its MSCI inclusion in June, ADNOC Gas is set to join the FTSE Index in September, with anticipated inflows with market estimates of added inflows of over $200 million (AED734 million). ADNOC Distribution delivered strong Q2 results ahead of market expectations, contributing to a double-digit earnings growth in H1. EBITDA reached $566 million (AED2.08 billion), up 10% year-on-year, while net profit rose 12.2% to $358 million (AED1.32 billion) driven by record H1 fuel volumes and 15% gross profit increase in its non-fuel retail segment. The company added 47 new service stations in H1, raising its full-year target to 60–70, with the majority planned in Saudi Arabia. ADNOC Distribution also expanded its international footprint with the launch of its Voyager lubricant line in Egypt, now exported to over 47 countries. AI-enabled enhancements in fuel forecasting, product assortment and personalized services continue to advance its digital transformation. The Company expects to distribute 10.285 fils per share dividend for H1 2025 in October 2025. ADNOC Drilling reported record first-half 2025 results, with revenue increasing 30% year-on-year to $2.37 billion (AED8.71 billion). EBITDA rose 19% year-on-year to $1.08 billion (AED3.97 billion), and net profit grew 21% year-on-year to $692 million (AED2.54 billion). The company announced new contract awards worth $4.8 billion (AED17.63 billion) in the period, securing long-term earnings visibility to 2040 and beyond. ADNOC Drilling's Board of Directors approved a second quarterly dividend of $217 million for 2025, reaffirming its commitment to delivering progressive and reliable shareholder returns. Full-year 2025 guidance was upgraded, with revenue now expected between $4.65 – 4.80 billion and net profit between $1.375 – 1.45 billion. ADNOC Logistics & Services reported record Q2 2025 results, with revenue rising 40 % year-on-year to $1.26 billion (AED 4.62 billion) and EBITDA increasing 31% to $400 million (AED 1.47 billion), driven by strong performance across its Integrated Logistics, Shipping and Marine Services segments. The results underscore the strength of ADNOC L&S's diversified business model, which continues to deliver value amid global market volatility. Reflecting confidence in its long-term growth trajectory and strategic expansion, the company raised its 2025 revenue, EBITDA and net income guidance. ADNOC L&S expects its 2025 annual dividend to grow by 5 % to $287 million, in line with its progressive dividend policy. Fertiglobe delivered strong Q2 and H1 results, with revenues up 14% and 20% year-on-year, and adjusted EBITDA up 26% and 36%, respectively. Adjusted net profit for H1 down 18% however it would have been +3.5x times, excluding one-off FX gains in 2024. Demonstrating its commitment to shareholder value, Fertiglobe proposed at least $100 million in H1 dividends, and executed $31 million in share buybacks in Q2 only, with total shareholder return totaling $131 or 6% on an annualized basis. Fertiglobe remains committed to its Grow 2030 Strategy, investing in low-carbon ammonia and expanding downstream capabilities, including the proposed acquisition of Wengfu Australia's distribution assets. Borouge posted Q2 net profit of $193 million, supported by strong margins and the early completion of its largest-ever plant turnaround. Adjusted EBITDA reached $440 million, with H1 EBITDA totaling $1.0 billion, reflecting operational resilience despite softer market conditions. The company has reaffirmed its intention to increase its dividend to 16.2 fils per share for 2025, with an interim dividend of 8.1 fils per share to be paid in September, subject to shareholder approval at the upcoming General Assembly on 29th August. The increased dividend is expected to serve as the intended minimum share payout until at least 2030 under Borouge Group International, subject to relevant approvals. Transactions for the proposed new entity are on track to close in Q1 2026, with regulatory filings and integration planning underway. Borouge continued advancing its innovation agenda, delivering $307 million in value through its AI, Digitalisation and Technology programme, including the launch of an AI-powered control room with Honeywell and the integration of ADNOC's MEERAi. Product innovation highlights included new medical-grade polyolefins and recyclable packaging solutions.
Arabian Business
4 days ago
- Business
- Arabian Business
ADNOC Group posts $4.7bn H1 2025 profit as AI boosts operations across six listed companies
ADNOC Group's six publicly listed companies delivered a combined H1 2025 net profit of AED17.3bn ($4.7bn), supported by a sweeping integration of advanced Artificial Intelligence (AI) technologies across their operations. At the centre of this transformation is MEERAi, ADNOC's proprietary AI platform, which provides real-time, data-driven insights to improve decision-making. Across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe, and Borouge, AI is optimising processes, reducing emissions, and enhancing customer experiences. ADNOC Gas Q2 2025 net income: AED5.1bn ($1.385bn), up 16 per cent YoY EBITDA: AED8.3bn ($2.256bn), up 8 per cent Interim dividend: AED6.6bn ($1.792bn), up 5 per cent, payable in September Capital expenditure rose 49 per cent with progress on the $5bn (AED18.36bn) Rich Gas Development Phase 1 Set to join FTSE Index in September following MSCI inclusion ADNOC Distribution EBITDA: AED2.08bn ($566m), up 10 per cent YoY Net profit: AED1.32bn ($358m), up 12.2 per cent YoY Added 47 new service stations in H1; raising full-year target to 60–70 Expanded Voyager lubricant exports to over 47 countries H1 2025 dividend: 10.285 fils per share, payable October ADNOC Drilling Revenue: AED8.71bn ($2.37bn), up 30 per cent YoY EBITDA: AED3.97bn ($1.08bn), up 19 per cent YoY Net profit: AED2.54bn ($692m), up 21 per cent YoY New contract awards worth AED17.63bn ($4.8bn) Upgraded full-year guidance: revenue $4.65–4.80bn, net profit $1.375–1.45bn ADNOC Logistics & Services Fertiglobe Revenue: up 14 per cent in Q2 and 20 per cent in H1 YoY Adjusted EBITDA: up 26 per cent in Q2 and 36 per cent in H1 At least $100m (AED367m) in H1 dividends proposed $31m (AED113.7m) share buybacks in Q2; total shareholder return $131m (AED480.5m) Investing in low-carbon ammonia and expanding downstream capabilities Borouge Q2 net profit: $193m (AED709m) Adjusted EBITDA: $440m (AED1.616bn) in Q2; $1bn (AED3.673bn) in H1 Plans to increase 2025 dividend to 16.2 fils per share; interim 8.1 fils in September Delivered $307m (AED1.13bn) in value through AI, digitalisation and technology programmes The strong half-year performance across all six listed companies reinforces ADNOC's strategy to combine technological innovation with disciplined growth, positioning it as a progressive global energy leader committed to long-term value creation.
Al Etihad
4 days ago
- Business
- Al Etihad
ADNOC listed companies harness AI to accelerate growth, deliver long-term value
14 Aug 2025 19:45 ABU DHABI (WAM) ADNOC Group's six publicly listed companies have accelerated the integration of advanced Artificial Intelligence (AI) technologies across their operations, driving growth and boosting operational strategic focus in embedding AI was matched by strong financial performance, with the companies posting a combined net profit of $4.7 billion (Dh17.3 billion) for the first half of 2025, underscoring the strength of ADNOC's diversified portfolio and focus on value the core of this transformation is MEERAi, ADNOC's proprietary AI tool, which empowers boardrooms with real-time, data-driven insights for sharper, faster decision-making. Across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe, and Borouge, AI is streamlining operations, reducing emissions, and elevating customer AI-driven initiatives reinforce ADNOC's position as a progressive global energy company committed to harnessing the power of Gas achieved a record net income of $1.385 billion (Dh5.1 billion) for Q2 2025, up 16% year-on-year, with EBITDA rising 8% to $2.256 billion (Dh8.3 billion), driven by strong local demand and operational Board approved an interim dividend of $1.792 billion (Dh6.6 billion), up 5%, which is payable in expenditure increased 49% year-on-year, with significant progress on strategic projects, including taking a Financial Investment Decision on Phase 1 of the $5 billion Rich Gas Development (RGD) its MSCI inclusion in June, ADNOC Gas is set to join the FTSE Index in September, with anticipated inflows with market estimates of added inflows of over $200 million (Dh734 million).ADNOC Distribution delivered strong Q2 results ahead of market expectations, contributing to a double-digit earnings growth in reached $566 million (Dh2.08 billion), up 10% year-on-year, while net profit rose 12.2% to $358 million (Dh1.32 billion) driven by record H1 fuel volumes and 15% gross profit increase in its non-fuel retail company added 47 new service stations in H1, raising its full-year target to 60–70, with the majority planned in Saudi Distribution also expanded its international footprint with the launch of its Voyager lubricant line in Egypt, now exported to over 47 countries. AI-enabled enhancements in fuel forecasting, product assortment and personalised services continue to advance its digital transformation. The Company expects to distribute 10.285 fils per share dividend for H1 2025 in October Drilling reported record first-half 2025 results, with revenue increasing 30% year-on-year to $2.37 billion (Dh8.71 billion). EBITDA rose 19% year-on-year to $1.08 billion (Dh3.97 billion), and net profit grew 21% year-on-year to $692 million (Dh2.54 billion).The company announced new contract awards worth $4.8 billion (Dh17.63 billion) in the period, securing long-term earnings visibility to 2040 and Drilling's Board of Directors approved a second quarterly dividend of $217 million for 2025, reaffirming its commitment to delivering progressive and reliable shareholder 2025 guidance was upgraded, with revenue now expected between $4.65 – 4.80 billion and net profit between $1.375 – 1.45 Logistics & Services reported record Q2 2025 results, with revenue rising 40 % year-on-year to $1.26 billion (Dh4.62 billion) and EBITDA increasing 31% to $400 million (Dh1.47 billion), driven by strong performance across its Integrated Logistics, Shipping and Marine Services segments. The results underscore the strength of ADNOC L&S's diversified business model, which continues to deliver value amid global market confidence in its long-term growth trajectory and strategic expansion, the company raised its 2025 revenue, EBITDA and net income guidance. ADNOC L&S expects its 2025 annual dividend to grow by 5 % to $287 million, in line with its progressive dividend delivered strong Q2 and H1 results, with revenues up 14% and 20% year-on-year, and adjusted EBITDA up 26% and 36%, respectively. Adjusted net profit for H1 is down 18% however, it would have been +3.5x times, excluding one-off FX gains in its commitment to shareholder value, Fertiglobe proposed at least $100 million in H1 dividends, and executed $31 million in share buybacks in Q2 only, with total shareholder return totalling $131 or 6% on an annualised remains committed to its Grow 2030 Strategy, investing in low-carbon ammonia and expanding downstream capabilities, including the proposed acquisition of Wengfu Australia's distribution posted Q2 net profit of $193 million, supported by strong margins and the early completion of its largest-ever plant turnaround. Adjusted EBITDA reached $440 million, with H1 EBITDA totaling $1.0 billion, reflecting operational resilience despite softer market company has reaffirmed its intention to increase its dividend to 16.2 fils per share for 2025, with an interim dividend of 8.1 fils per share to be paid in September, subject to shareholder approval at the upcoming General Assembly on 29th August. The increased dividend is expected to serve as the intended minimum share payout until at least 2030 under Borouge Group International, subject to relevant for the proposed new entity are on track to close in Q1 2026, with regulatory filings and integration planning continued advancing its innovation agenda, delivering $307 million in value through its AI, Digitalisation and Technology programme, including the launch of an AI-powered control room with Honeywell and the integration of ADNOC's innovation highlights included new medical-grade polyolefins and recyclable packaging solutions.
Gulf Today
07-08-2025
- Business
- Gulf Today
Adnoc Distribution delivers strong H1 2025 results with 12% net profit growth
ADNOC Distribution today reported double-digit growth in its EBITDA and net profit for the first half of 2025. The company achieved its highest-ever first-half EBITDA of $566 million, up 10.0 percent year-on-year (YoY), driving a 12.2 per cent YoY increase in net profit to $358 million. The company also achieved record first-half fuel volumes of 7.62 billion litres, up 5.6 per cent YoY. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said, 'Our strong H1 2025 results demonstrate the successful execution of our 2024-28 growth strategy, driven by operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit highlights our ability to scale effectively, drive value creation, and expand our leadership in mobility and convenience retail. "By leveraging advanced technologies, unlocking new operational efficiencies, and bringing our commitment to quality to more communities than ever before, we are well-positioned to deliver sustainable, long-term growth and superior returns for our shareholders.' ADNOC Distribution's non-fuel retail business continues to drive strong growth, with a 14.9 per cent YoY increase in non-fuel retail gross profit and a 10.4 per cent YoY rise in transactions for the first half of 2025. This continued outperformance of non-fuel retail over fuel retail reinforces the company's strategic focus on diversifying revenue streams and capturing growing demand for convenience services. In addition, ADNOC Rewards, the UAE's leading fuel and convenience loyalty program, grew by 19.5 per cent YoY to nearly 2.5 million users. ADNOC Distribution continued its strategic network expansion, adding 47 new service stations in the first half of 2025, bringing its total network to nearly 940. A majority of the new stations are located in Saudi Arabia, where the company is successfully leveraging its CAPEX-light Dealer Owned-Company Operated (DOCO) business model, which is optimised for sustainable growth. The DOCO model has enabled ADNOC Distribution to double its Saudi network YoY, from 69 to 140 stations. Building on this momentum, the company has revised its expansion guidance upwards to 60-70 new stations by the end of 2025, with 50-60 of these located in Saudi Arabia. In May 2025, ADNOC Distribution launched the Voyager lubricant line nationally across Egypt, expanding its distribution to third-party retail stores for the first time. The company has set a target of 3,000 points of sale in Egypt by the end of 2026. Additionally, ADNOC Distribution's E2GO fast- and super-fast EV charging network reached a significant milestone in H1 2025, with over 300 charging points now installed across the UAE. It also targets the growing of its network to over 500 charging points by 2028. The company is on track to meet its target of adding 100 new charging points in 2025. As part of its digital transformation, ADNOC Distribution deployed MEERAi, ADNOC's AI-powered board advisory tool, at its most recent Board meeting. Designed for executive use, MEERAi delivers real-time insights, enabling faster, data-driven decisions. With robust net debt to EBITDA ratio of 0.80x at the end of H1 2025, the company remains committed to its dividend policy, ensuring clear visibility on returns. ADNOC Distribution expects an annual payout of $700 million (at 20.57 fils per share) or a minimum of 75 percent of net profit, whichever is higher, through 2028. At a share price of 3.70 as of 6th August 2025, this represents an annual yield of nearly 6 percent. A dividend of $350 million for H1 2025 is expected to be distributed in October 2025, subject to Board approval. WAM
