Aramco reported solid third-quarter 2025 results, showing resilience and strategic progress across its energy and digital operations. The energy giant recorded adjusted net income of $28 billion, slightly higher than the $27.7 billion achieved in the same quarter last year. Aramco attributed this increase to strong operating momentum, project completion, and continued efficiency in production.
During the quarter, Aramco generated cash flow from operating activities of $36.1 billion, up from $35.2 billion a year earlier. Free cash flow rose to $23.6 billion, reflecting effective cost control and higher returns from ongoing projects. The company’s gearing ratio improved to 6.3 percent as of September 30, down from 6.5 percent in the previous quarter, reinforcing its solid financial position.
Aramco’s board approved a third-quarter base dividend of $21.1 billion and a performance-linked dividend of $200 million. Both payments will be distributed in the fourth quarter, underlining the company’s commitment to shareholder returns.
President and CEO Amin H. Nasser said Aramco continues to adapt to evolving market dynamics. He emphasized that the company increased production with minimal additional cost while maintaining reliable supply to global customers. According to Nasser, this consistent performance reflects Aramco’s operational strength and its focus on meeting global energy needs.
Nasser highlighted the company’s significant progress in expanding its upstream operations. Aramco now targets an 80 percent increase in sales gas production capacity between 2021 and 2030, up from a previous goal of 60 percent. He noted that major projects, including the Jafurah unconventional gas development, are attracting strong global investor interest.
Aramco also announced new investments in HUMAIN as part of its digital transformation strategy. This initiative aims to enhance artificial intelligence capabilities and unlock future value creation opportunities. Nasser explained that the planned acquisition of a minority stake in HUMAIN will support innovation and strengthen Aramco’s presence in the AI sector.
In addition, Aramco completed its $11.1 billion Jafurah midstream deal, marking an important step in the company’s unconventional gas growth. The establishment of Fujian Sinopec Aramco Refining & Petrochemical Co. also advanced its downstream expansion strategy in Asia.
Investor confidence in Aramco remains strong, demonstrated by the robust demand for its recent $3 billion international sukuk issuance. This success highlights continued trust in the company’s financial performance and long-term vision.
Looking ahead, Aramco plans to sustain value-driven growth while meeting rising global energy demand. The company will continue investing in technology, gas expansion, and digital innovation to secure its leadership position in the evolving energy landscape.
