Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit of AED393 million ($107 million) in H1 2026, compared with AED270 million ($73 million) in H1 2025, an increase of 47%.
Dana Gas, the Middle East’s first and largest regional private and publicly-listed natural gas company, and Crescent Petroleum, the region’s oldest private oil and gas producer, have commenced supplies of natural gas from the Khor Mor field in the Kurdistan Region to Iraq’s Ministry of Electricity in Kirkuk, to further support the electricity sector in Iraq.
Dana Gas reported strong Egypt drilling results and confirmed full settlement of overdue receivables, receiving AED 79 million ($21.5 million) and noting continued timely payments from the Egyptian Government.
Dana Gas and Levidian, a British advanced materials company, have signed a memorandum of understanding (MoU) to develop the Sharjah Graphene Park, a UAE-based advanced materials manufacturing and commercialisation initiative.
Dana Gas reported Q1 2026 net profit of AED270 million ($74 million), up 72% year-on-year, driven by a one-off Kurdistan gas adjustment, while revenue rose to AED531 million amid higher production and gas sales in Egypt and Iraq.
Dana Gas, the Middle East’s largest regional private sector natural gas company, has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled.
Dana Gas announced shareholder approval of a 6.5 fils ($0.018) per share cash dividend for 2025, marking an 18 per cent increase compared to its 2024 dividend following its Annual General Assembly Meeting.
Dana Gas has recommended a 5.5 fils ($1.5) per share dividend for 2025, totalling AED 385m ($105 million), supported by strong cash reserves and improved cash flow after completing the KM250 gas expansion project in Iraq’s Kurdistan Region.
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit for the full year 2025 of AED476 million ($130 million) as compared to AED553 million ($151 million) in FY 2024.
Dana Gas announced a major gas discovery at the North El-Basant 1 well in Egypt’s onshore Nile Delta. Initial results estimate 15–25 bcf of reserves, with production expected to surpass 8 mmscfd once the well is linked to the national gas network.
