The company’s revenue for the period stood at AED 2.3 billion, driven by higher production levels and the optimisation of its portfolio. This marked a substantial increase from the same period in 2024, showcasing Dana Gas’ ability to navigate market challenges and deliver strong results despite fluctuating energy prices. Dana Gas' primary operations, including the extraction and distribution of natural gas, continue to perform well, particularly in its key markets across the UAE and Egypt.
Dana Gas also benefited from the stabilisation of the global energy market, which saw oil prices recover from earlier volatility. The company’s investment in low-cost production assets, alongside its focus on sustainable and efficient resource management, has been integral to its success. The company's strategic position in the natural gas market allowed it to capitalise on the increasing demand for cleaner energy solutions, aligning with global energy transition trends.
Dana Gas’ operational highlights include the successful completion of major projects, including the continued development of its assets in Egypt, which represent a significant portion of its overall production. The company also saw improved performance from its condensate and LPG divisions. As part of its long-term strategy, Dana Gas has been focusing on expanding its footprint in key regional markets, particularly Egypt, where the company has significant production capacity.
The firm’s CEO, Dr. Patrick Allman-Ward, remarked that the company’s strong performance was due to its diversified portfolio, efficient operational management, and consistent growth in gas production. “Our focus on enhancing production capabilities, along with prudent capital expenditure, has positioned us for sustained growth and profitability,” he added.
One of the key drivers for Dana Gas has been its ability to navigate regional geopolitical complexities. The company has strategically maintained a balance between expansion and risk management, particularly in its operations across the Middle East and North Africa. This strategic approach has not only secured the company’s position as a leader in the region’s energy market but also provided a cushion against external shocks, such as fluctuations in global commodity prices.
Looking ahead, Dana Gas remains optimistic about its future prospects. The company has indicated that it will continue to focus on diversifying its portfolio and increasing its production capacity, especially in its gas-rich assets. Moreover, Dana Gas is investing in technology to improve operational efficiency, aiming to reduce costs while maintaining high environmental standards.
The company’s capital expenditures during the nine months totalled AED 130 million, underscoring its commitment to reinvesting in its core operations. Dana Gas also continues to manage its debt levels conservatively, maintaining a strong balance sheet with a net debt of AED 900 million, which is well within the company’s comfort zone.
Dana Gas’ cash flow generation for the nine months was equally impressive, allowing the company to maintain a healthy liquidity position. The company’s board expressed confidence that it is on track to meet its full-year targets, continuing its commitment to creating value for shareholders while contributing to the regional energy market's growth.
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