External broker reports(aggregated public sources), International Securities

International Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>ADNOC Gas reported 3Q24 core profit of USD1.22bn, up 12% YoY (+7% QoQ). The result was slightly higher than our estimate of USD1.16bn.</li><li>On reported basis, profit came in at USD1.24bn, up 11% YoY.</li><li>The YoY jump in core profits is led by favorable margins on LNG and export liquids which resulted in EBITDA from the segments increasing by 107% and 17%, respectively. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

ADNOC Gas reported 3Q24 core profit of USD1.22bn, up 12% YoY (+7% QoQ). The result was slightly higher than our estimate of USD1.16bn.On reported basis, profit came in at USD1.24bn, up 11% YoY.The YoY jump in core profits is led by favorable margins on LNG and export liquids which resulted in EBITDA from the segments increasing by 107% and 17%, respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ADNOC Gas - 3Q24 Core Earnings up 12% YoY (+7% QoQ) To USD1.22bn

Adnoc Gas

ADNOC Gas - 3Q24 Core Earnings up 12% YoY (+7% QoQ) To USD1.22bn