Dhahran: Saudi Aramco today announced its financial results for Q3 of 2025, reporting an adjusted net income of $28.0 billion, compared to $27.7 billion in Q3 of 2024. Cash flow from operating activities amounted to $36.1 billion, compared to $35.2 billion in the same period of 2024.
According to Saudi Press Agency, free cash flow reached $23.6 billion, up from $22.0 billion in Q3 of 2024. The gearing ratio stood at 6.3% as of September 30, 2025, a slight decrease from 6.5% as of June 30, 2025. Aramco's Board declared a Q3 2025 base dividend of $21.1 billion and a performance-linked dividend of $0.2 billion, to be paid in Q4.
Aramco announced a planned investment in HUMAIN, emphasizing its digital strategy and potential for new value creation. The company revised its 2030 sales gas production capacity growth target upwards, from more than 60% to around 80% over 2021 production levels. This increase is expected to result in a total of approximately six million barrels of oil equivalent per day.
The completion of the $11.1 billion Jafurah midstream deal demonstrates the value of Aramco's unconventional gas expansion. Additionally, Aramco's initial investment in the Fujian Sinopec Aramco Refining and Petrochemical Co. Ltd. marks progress in downstream expansion. The response to a $3.0 billion international Sukuk issuance highlights investor confidence in Aramco's financial stability.
Aramco President and CEO Amin Nasser commented on the results, stating that Aramco's adaptability to market changes is evident in its strong third-quarter performance. The company increased production with minimal costs and maintained reliable supply, contributing to improved financial outcomes and earnings growth.
Nasser noted enhancements in upstream capabilities with recent and upcoming oil and gas projects. He highlighted the 80% growth target for sales gas production capacity from 2021 to 2030, driven by advancements in technology. The unconventional gas expansion at Jafurah attracted significant global investor interest.
Aramco's strategy focuses on value-accretive growth, meeting energy demand, and leveraging technology for new opportunities. The deployment of AI solutions and investment in digital infrastructure underpin this strategy. The plan to acquire a minority stake in HUMAIN is expected to further drive innovation in the AI sector.