Dana Gas reported strong results in the first nine months of 2025, reinforcing its commitment to regional energy growth. The company achieved a net profit of AED379 million ($103 million), showcasing solid performance despite market challenges.
Revenue for the period reached AED935 million ($255 million), compared to AED1,048 million ($286 million) last year. The 8% drop came mainly from lower oil prices and reduced output in Egypt. However, higher gas prices under a new concession agreement helped soften the impact.
Dana Gas credited its success to consistent operations, especially in the Kurdistan Region of Iraq. The company completed the KM250 gas expansion project ahead of schedule in October 2025. This project added 250 million standard cubic feet per day of gas processing capacity at the Khor Mor field. As a result, the site’s total capacity rose by 50%.
Once the project operates at full scale, it could raise company revenue by up to 35%. The completion marked one of Iraq’s most notable private energy infrastructure achievements in recent years. It also proved Dana Gas’s ability to deliver complex projects with precision. This milestone further advanced regional energy growth, boosting energy reliability across the Middle East.
In Egypt, progress continued under a $100 million investment plan. Drilling and recompletion at Begonia-2 and Balsam-3 wells brought encouraging results. These efforts highlighted Dana Gas’s balanced expansion strategy across multiple regions.
CEO Richard Hall said the company’s success reflects a disciplined investment approach and a focus on sustainability. He added that Dana Gas remains committed to maintaining strong dividends for shareholders while improving production capacity.
Looking forward, Dana Gas aims to strengthen its role as a regional energy leader. The company plans further projects that will expand supply, create jobs, and support economic stability. With these efforts, Dana Gas continues driving regional energy growth and shaping the Middle East’s energy future.
