Riyadh - Mubasher: ADES Holding Company generated 1.93% year-on-year (YoY) higher net profits attributable to the owners at SAR 818.01 million in 2025, versus SAR 802.49 million.
The earnings per share (EPS) went up to SAR 0.74 last year from SAR 0.73 in 2024, according to the financial results.
ADES Holding achieved revenues amounting to SAR 6.68 billion in January-December 2025, up 7.90% YoY from SAR 6.19 billion.
The higher revenues were backed by the ramp-up of offshore operations, disciplined execution of the group’s global rig deployment strategy, contributions from newly entered markets, and the Shelf acquisition completed in late November 2025.
Total backlog stood at SAR 34.71 billion as of 31 December 2025, compared to SAR 28.27 billion at year-end 2024, marking the highest backlog recorded in the company’s history.
Mohamed Farouk, CEO of ADES Holding, commented: “During the year, we executed multiple rig deployments and reactivations organically, demonstrating our ability to reallocate assets efficiently in response to evolving demand dynamics.”
“In Saudi Arabia, the gradual reactivation of previously suspended rigs signals strengthening offshore fundamentals and the early stages of a broader tightening cycle,” Farouk added.
He added: “Across our footprint, we continued expanding both organically and inorganically in a manner that enhances geographic diversification and optimizes fleet allocation across regions where demand and pricing conditions are most compelling.”
“We strengthened our presence in Southeast Asia and West & Central Africa, while successfully commencing operations in Brazil with the premium jack-up rig Admarine 511 following its reallocation from Saudi Arabia, marking our entry into the Latin American offshore market,” the CEO noted.
Cash Dividends for H2-25
The group’s board members approved cash dividends of SAR 264.99 million, representing 24% of the capital, for the second half (H2) of 2025.
ADES Holding will pay out a dividend of SAR 0.24 to 1.10 billion eligible shares on 27 April.
