Dana Gas board proposes $105m dividend for 2025

The board of Abu Dhabi-listed Dana Gas has recommended a dividend payout for 2025 despite a fall in revenues and profit.

The company proposes paying AED385 million ($105 million), or 5.5 fils per share, in dividends for last year, citing improved cash flow visibility following the commissioning of the KM250 gas expansion project in the Kurdistan Region of Iraq.

The recommendation is subject to shareholder approval at the upcoming annual general meeting on April 21.

Dana Gas earned a gross revenue of $348 million in 2025, down 22 percent from $445 million in 2024. Net profit dropped 14 percent year on year to $130 million.

Average production reached 53,500 barrels of oil equivalent per day, a 5 percent year-on-year decline, despite production rising 2 percent annually to 40,900 in Kurdistan.

Cash and bank stood at $215 million last year, down from $317 million in 2024.

In December Dana Gas confirmed a “significant” gas discovery onshore Egypt’s Nile Delta, as the North African nation struggles to meet local demand.

The company’s shares closed 0.8 percent higher at AED0.874 on Wednesday. The stock is up nearly 2 percent in the year to date.Crescent Petroleum Company owns 20 percent of Dana Gas.

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