Abu Dhabi – Mubasher: Dana Gas recorded 1% higher net profits at $73 million (AED 270 million) in the first half (H1) of 2025, versus $72 million (AED 263 million) in H1-24, the financial results indicated.

The resilient performance was attributed to strong operations in KRI and new investment momentum in Egypt underpinning results despite lower prices.  

Dana Gas reported gross revenues amounting to $171 million (AED 627 million) in the first six months (6M) of 2025, compared to $190 million (AED 696 million) a year earlier.

Basic and diluted earnings per share (EPS) hit $0.010 (AED 0.038) in H1-25, compared to $0.010(AED 0.037) in H1-24.

Quarterly Results

In the second quarter (Q2) of 2025, the ADX-listed company logged net profits at $30 million (AED 112 million), an annual drop from $34 million (AED 124 million).

Gross revenues plunged to $80 million (AED 293 million) in Q2-25 from $93 million (AED 340 million) in Q2-24, while the basic and diluted EPS fell to $0.004 (AED 0.016) from $0.005 (AED 0.017).

Richard Hall, CEO of Dana Gas, commented: “In the KRI, our operational teams have maintained excellent performance, and KM250 continues to move forward at pace. Our hands-on approach is helping us accelerate delivery of the project.”

“In Egypt, we have now kicked off our new investment program, and it’s an important step forward, both for Dana Gas and for Egypt’s energy sector. While early results have been promising, it is essential that our governmental partners ensure timely payments and enable urgent permit approvals to continue the program and unlock more of the country's gas potential,” Hall added.

The CEO noted: “We are very optimistic about what the second half of the year holds and remain focused on execution, value creation and sustaining dividend payments to our shareholders.”