{"id":382310,"date":"2025-11-15T21:24:00","date_gmt":"2025-11-15T13:24:00","guid":{"rendered":"https:\/\/pingtungtimes.com.tw\/?p=382310"},"modified":"2025-11-15T21:24:00","modified_gmt":"2025-11-15T13:24:00","slug":"adnoc-gas-%e5%85%ac%e4%bd%88%e6%ad%b7%e4%be%86%e6%9c%80%e4%bd%b3%e7%ac%ac%e4%b8%89%e5%ad%a3%e6%a5%ad%e7%b8%be%ef%bc%8c%e5%bd%b0%e9%a1%af%e5%9c%a8%e7%9e%ac%e6%81%af%e8%90%ac%e8%ae%8a%e5%b8%82%e6%b3%81","status":"publish","type":"post","link":"https:\/\/pingtungtimes.com.tw\/?p=382310","title":{"rendered":"ADNOC Gas \u516c\u4f48\u6b77\u4f86\u6700\u4f73\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u5f70\u986f\u5728\u77ac\u606f\u842c\u8b8a\u5e02\u6cc1\u4e0b\u7684\u97cc\u529b\u8207\u589e\u9577"},"content":{"rendered":"<div>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"prntac\"><i>\u7b2c\u4e09\u5b63\u7d14\u5229\u9054 13.4 \u5104\u7f8e\u5143\u5275\u7d00\u9304\uff0c\u6309\u5e74\u589e\u9577 8%<br \/><\/i><i>\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%<br \/><\/i><i>\u672c\u5730\u5929\u7136\u6c23 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%<br \/><\/i><i>\u65b0\u589e\u6309\u5b63\u6d3e\u606f\uff0c\u5f37\u5316 ADNOC Gas \u5c0d\u80a1\u6771\u7684\u627f\u8afe<\/i><\/p>\n<p><span class=\"legendSpanClass\">\u963f\u806f\u914b\u963f\u5e03\u624e\u6bd4<\/span><span class=\"legendSpanClass\">2025\u5e7411\u670815\u65e5<\/span> \/\u7f8e\u901a\u793e\/ &#8212; \u4e16\u754c\u7d1a\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u8207\u92b7\u552e\u516c\u53f8 ADNOC Gas plc \u53ca\u5176\u5b50\u516c\u53f8\uff08\u5408\u7a31\u300cADNOC Gas\u300d\u6216\u300c\u516c\u53f8\u300d\uff09\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\uff1aADNOCGAS\uff09\uff08\u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1aAEE01195A234\uff09\u4eca\u65e5\u516c\u4f48\u5176 2025 \u5e74\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u9304\u5f97\u516c\u53f8\u53f2\u4e0a\u6700\u9ad8\u7684\u7b2c\u4e09\u5b63\u7d14\u5229 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\u3002\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f\u3002\u5118\u7ba1 2025 \u5e74\u9996\u4e5d\u500b\u6708\u5e73\u5747\u6cb9\u50f9\u70ba\u6bcf\u6876 71 \u7f8e\u5143\uff0c\u4f4e\u65bc 2024 \u5e74\u540c\u671f\u7684\u6bcf\u6876 83 \u7f8e\u5143\uff0c\u516c\u53f8\u4ecd\u9304\u5f97\u4f73\u7e3e\u3002<\/p>\n<p>2025 \u5e74\u7b2c\u4e09\u5b63\uff0cADNOC Gas \u7684\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u696d\u7e3e\u5275\u4e0b\u65b0\u9ad8\uff0cEBITDA \u6309\u5e74\u589e\u9577 26% \u81f3 9.14 \u5104\u7f8e\u5143\u3002\u53d7\u60e0\u65bc\u963f\u806f\u914b\u7d93\u6fdf\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u570b\u969b\u8ca8\u5e63\u57fa\u91d1\u7d44\u7e54 (IMF) \u9810\u6e2c\u5176 2025 \u5e74\u53ca 2026 \u5e74\u5c07\u5206\u5225\u589e\u9577 4.8% \u548c 5%\uff0c\u9996\u4e5d\u500b\u6708\u672c\u5730\u5929\u7136\u6c23\u92b7\u91cf\u9304\u5f97 4% \u589e\u9577\u3002\u540c\u6642\uff0c\u900f\u904e\u6210\u529f\u7684\u5408\u7d04\u91cd\u65b0\u8ac7\u5224\u5e36\u4f86\u7d50\u69cb\u6027\u6539\u5584\uff0c\u57fa\u672c\u5229\u6f64\u7387\u4ea6\u5f97\u4ee5\u63d0\u5347\u3002<\/p>\n<p>ADNOC Gas \u884c\u653f\u7e3d\u88c1 <span class=\"xn-person\">Fatema Al Nuaimi<\/span> \u8868\u793a\uff1a\u300c\u6211\u5011\u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u4ee5\u53ca\u5e74\u521d\u81f3\u4eca\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u5370\u8b49\u4e86\u6211\u5011\u696d\u52d9\u6a21\u5f0f\u7684\u97cc\u529b\u8207\u9069\u61c9\u80fd\u529b\u3002\u5373\u4f7f\u6cb9\u50f9\u4e0b\u8dcc\uff0c\u6211\u5011\u7684\u76c8\u5229\u80fd\u529b\u4ecd\u6301\u7e8c\u589e\u9577\u3002\u5118\u7ba1\u9762\u5c0d\u8f03\u4f4e\u7684\u6cb9\u50f9\u74b0\u5883\uff0c\u6191\u85c9\u5353\u8d8a\u71df\u904b\u548c\u66f4\u5b8c\u5584\u7684\u5546\u696d\u5354\u8b70\uff0c\u6211\u5011\u7e7c\u7e8c\u5be6\u73fe\u5f37\u52c1\u56de\u5831\u3002\u6211\u5011\u5f37\u5316\u7684\u80a1\u606f\u653f\u7b56\u53ca\u6309\u5b63\u6d3e\u606f\uff0c\u9032\u4e00\u6b65\u8868\u660e\u6211\u5011\u81f4\u529b\u70ba\u80a1\u6771\u5275\u9020\u6700\u5927\u50f9\u503c\u3002\u300d<\/p>\n<p>\u5728\u9577\u9060\u50f9\u503c\u548c\u7a69\u5b9a\u6027\u65b9\u9762\uff0cADNOC Gas \u63d0\u4f9b\u4e86\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u65b9\u6848\u3002\u516c\u53f8\u9ad8\u6548\u4e14\u76c8\u5229\u80fd\u529b\u5f37\uff0c\u5176\u7b2c\u4e09\u5b63\u7d14\u5229\u5275\u7d00\u9304\u9054 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\uff1b\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\uff0c\u8db3\u8b49\u6b64\u9ede\u3002\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u662f ADNOC Gas \u8ca1\u52d9\u5be6\u529b\u7684\u6838\u5fc3\uff0c\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u7684 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u3002<\/p>\n<p>\u9019\u4e9b\u696d\u7e3e\u8868\u660e\uff0cADNOC Gas \u662f\u4e00\u9805\u9ad8\u56de\u5831\u6295\u8cc7\uff0c\u5177\u5099\u53ef\u9810\u6e2c\u7684\u73fe\u91d1\u6d41\u548c\u5f37\u5927\u7684\u589e\u9577\u6f5b\u529b\u3002\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff08\u5c07\u65bc 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 8.96 \u5104\u7f8e\u5143\uff09\uff0c\u52a0\u4e0a\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u73fe\u5df2\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u6b64\u8209\u63d0\u5347\u4e86\u900f\u660e\u5ea6\u4e26\u63d0\u4f9b\u4e86\u66f4\u7a69\u5b9a\u7684\u6536\u5165\uff0c\u8b93\u80a1\u6771\u80fd\u66f4\u5177\u4fe1\u5fc3\u5730\u898f\u5283\u548c\u7ba1\u7406\u8ca1\u52d9\u3002\u900f\u904e\u6295\u8cc7 ADNOC Gas\uff0c\u80a1\u6771\u53ef\u53c3\u8207\u963f\u806f\u914b\u66f4\u5ee3\u6cdb\u7684\u80fd\u6e90\u8f49\u578b\uff0c\u8207\u570b\u5bb6\u5b8f\u5927\u7684\u76ee\u6a19\u4fdd\u6301\u4e00\u81f4\u3002<\/p>\n<p><b>\u5f37\u52c1\u73fe\u91d1\u6d41\u63a8\u52d5\u589e\u9577\u8207\u80a1\u6771\u56de\u5831<\/b><\/p>\n<p>ADNOC Gas \u7a69\u5065\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u4e00\u76f4\u662f\u5176\u8ca1\u653f\u5be6\u529b\u7684\u57fa\u77f3\u3002\u516c\u53f8\u6301\u7e8c\u7522\u751f\u53ef\u89c0\u71df\u904b\u73fe\u91d1\u6d41\u7684\u80fd\u529b\uff0c\u4f7f\u5176\u6bcb\u9808\u4f9d\u8cf4\u984d\u5916\u50b5\u52d9\uff0c\u4fbf\u80fd\u70ba\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u652f\u4ed8\u548c\u91cd\u5927\u8cc7\u672c\u9805\u76ee\u63d0\u4f9b\u8cc7\u91d1\u3002<\/p>\n<p>\u9019\u7a2e\u56b4\u8b39\u7684\u8ca1\u52d9\u7b56\u7565\u78ba\u4fdd ADNOC Gas \u4fdd\u6301\u5f37\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u652f\u6301\u7522\u80fd\u64f4\u5f35\u7684\u9577\u9060\u6295\u8cc7\uff0c\u4e26\u70ba\u80a1\u6771\u5e36\u4f86\u53ef\u6301\u7e8c\u7684\u50f9\u503c\u3002\u6211\u5011\u5728\u6cb9\u50f9\u504f\u4f4e\u7684\u74b0\u5883\u4e0b\u4ecd\u4fdd\u6301\u73fe\u91d1\u6d41\u97cc\u6027\uff0c\u5370\u8b49\u4e86\u6211\u5011\u5c0d\u589e\u9577\u548c\u8ca1\u52d9\u7a69\u5b9a\u6027\u7684\u627f\u8afe\u3002<\/p>\n<p>\u8463\u4e8b\u6703\u5df2\u6279\u51c6\u5c07\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u518d\u6b21\u80af\u5b9a\u4e86 ADNOC Gas \u70ba\u80a1\u6771\u5be6\u73fe\u9577\u9060\u50f9\u503c\u7684\u627f\u8afe\u3002\u70ba\u9032\u4e00\u6b65\u63d0\u5347\u80a1\u6771\u50f9\u503c\uff0c\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff0c\u9996\u7b46\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8\u3002<\/p>\n<p><b>\u4e3b\u8981\u696d\u7e3e\u6458\u8981\uff1a<\/b><\/p>\n<ul type=\"disc\">\n<li>\u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u7d14\u5229\uff1a 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%<\/li>\n<li>\u5e74\u521d\u81f3\u4eca\u7d14\u5229\uff1a 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f<\/li>\n<li>\u672c\u5730\u5929\u7136\u6c23 EBITDA\uff1a 2025 \u5e74\u7b2c\u4e09\u5b63\u70ba 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%<\/li>\n<li>\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74<\/li>\n<li>\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff1b\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8<\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u767e\u842c\u7f8e\u5143<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Q3 24<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Q2 25<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Q3 25<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b><i>\u5e74\u589e<br \/>\u7387 %<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b><i>\u5b63\u589e\u7387 (QoQ) %<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Q3 25 vs.<br \/>Q3 24<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>Q3 25 vs.<br \/>Q2 25<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>2024<\/i><i> \u5e74<br \/>\u9996<br \/>\u4e5d\u500b\u6708<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>2025 <\/i><i>\u5e74<br \/>\u9996<br \/>\u4e5d\u500b\u6708<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>9M 25 vs.<br \/>9M 24<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u6536\u5165<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6,281<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5,960<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5,931<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-6\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">18,368<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">17,991<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-2\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u92b7\u552e\u6210\u672c (COGS)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-3,581<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-3,205<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-3,217<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-10\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">0\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-10,471<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-9,877<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-6\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u71df\u904b\u958b\u652f (Opex)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-495<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-499<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-537<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">8\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>-1,530<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>-1,521<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>-1\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>EBITDA<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,205<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,256<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,178<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>-1\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>-3\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6,367<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6,593<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6de8\u6536\u76ca<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,243<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,385<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,338<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>8\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>-3\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,621<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,993<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>10\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>EBITDA \u5229\u6f64\u7387<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>35.1\uff05<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>37.9\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>36.7\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">161bps<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-113bps<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">34.7\uff05<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">36.6\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">199bps<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6de8\u6536\u76ca\u5229\u6f64\u7387<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>19.8\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>23.2\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>22.6\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">275bps<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-69bps<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">19.7\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">22.2 \uff05<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">248bps<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p><b>2025 \u5e74\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f\u767c\u653e\u7684\u91cd\u8981\u65e5\u671f\uff1a<\/b><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u8463\u4e8b\u6703\u6279\u51c6<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025 \u5e74 11 \u6708 12 \u65e5<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6388\u6b0a\u65e5\u671f\uff08\u622a\u6b62\u8cfc\u8cb7\u65e5\u671f\uff09<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025 \u5e74 11 \u6708 20 \u65e5<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u9664\u6de8\u65e5\u671f <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025 \u5e74 11 \u6708 21 \u65e5<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u767b\u8a18\u65e5\u671f<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025 \u5e74 11 \u6708 24 \u65e5<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u9810\u671f\u6d3e\u606f\u65e5\u671f<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2025 \u5e74 12 \u6708 12 \u65e5<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u66ff\u4ee3\u7e3e\u6548\u8861\u91cf\u6a19\u6e96\uff1a<\/p>\n<ul type=\"disc\">\n<li><i>\u4e0a\u8ff0\u8ca1\u52d9\u8cc7\u8a0a\u5305\u62ec ADNOC Gas \u7684\u6309\u6bd4\u4f8b\u5408\u4f75\u5408\u8cc7\u4f01\u696d\u7684\u8ca1\u52d9\u8868\u73fe\u3002<\/i><\/li>\n<li><i>EBITDA \u5305\u62ec\u5408\u8cc7\u4f01\u696d\u7684\u6bd4\u4f8b\u5408\u4f75\uff0c\u4e26\u4ee3\u8868\u672a\u8a08\u5229\u606f\u3001\u7a05\u9805\u3001\u6298\u820a\u53ca\u6524\u92b7\u524d\u7684\u76c8\u5229\u3002<\/i><\/li>\n<li><i>\u6240\u5c55\u793a\u7684\u8ca1\u52d9\u6578\u64da\u548c IFRS \u8ca1\u52d9\u5831\u8868\u4e4b\u9593\u7684\u5c0d\u8cec\uff0c\u5df2\u65bc\u7ba1\u7406\u5c64\u8a0e\u8ad6\u8207\u5206\u6790\u5831\u544a\u4e2d\u5c55\u793a\u3002<\/i><\/li>\n<\/ul>\n<p><b>\u6ce8\u610f\u4e8b\u9805\uff1a<\/b><\/p>\n<p>\u672c\u516c\u544a\u5305\u542b\u6709\u95dc ADNOC Gas \u8ca1\u52d9\u72c0\u6cc1\u3001\u71df\u904b\u696d\u7e3e\u548c\u696d\u52d9\u7684\u524d\u77bb\u6027\u8072\u660e\u3002\u6240\u6709\u975e\u6b77\u53f2\u4e8b\u5be6\u7684\u9673\u8ff0\u5747\u70ba\u524d\u77bb\u6027\u9673\u8ff0\u3002\u524d\u77bb\u6027\u9673\u8ff0\u4e43\u6839\u64da\u7ba1\u7406\u5c64\u76ee\u524d\u7684\u9810\u671f\u548c\u5047\u8a2d\u800c\u5c0d\u672a\u4f86\u5c55\u671b\u4f5c\u51fa\u7684\u9673\u8ff0\uff0c\u6d89\u53ca\u5df2\u77e5\u53ca\u672a\u77e5\u7684\u98a8\u96aa\u53ca\u4e0d\u78ba\u5b9a\u6027\uff0c\u53ef\u80fd\u5c0e\u81f4\u5be6\u969b\u7d50\u679c\u3001\u8868\u73fe\u6216\u4e8b\u4ef6\u8207\u9019\u4e9b\u9673\u8ff0\u4e2d\u660e\u793a\u6216\u6697\u793a\u7684\u5167\u5bb9\u5b58\u5728\u91cd\u5927\u5dee\u7570\u3002\u672c\u516c\u53f8\u7121\u7fa9\u52d9\u56e0\u65b0\u8cc7\u8a0a\u3001\u672a\u4f86\u767c\u5c55\u6216\u5176\u4ed6\u539f\u56e0\u800c\u516c\u958b\u66f4\u65b0\u6216\u5be9\u8996\u4efb\u4f55\u524d\u77bb\u6027\u9673\u8ff0\u3002\u7d50\u679c\u53ef\u80fd\u8207\u672c\u516c\u544a\u4e2d\u6240\u8f09\u7684\u524d\u77bb\u6027\u8072\u660e\u6240\u8ff0\u3001\u6697\u793a\u6216\u63a8\u65b7\u7684\u7d50\u679c\u6709\u91cd\u5927\u4e0d\u540c\u3002\u8b80\u8005\u4e0d\u61c9\u904e\u5206\u4f9d\u8cf4\u524d\u77bb\u6027\u9673\u8ff0\u7684\u5167\u5bb9\u3002<\/p>\n<p><b>ADNOC Gas \u7c21\u4ecb<\/b><\/p>\n<p>ADNOC Gas \u5df2\u65bc\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4ee3\u78bc\uff1a\u300cADNOCGAS\u300d\/ \u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1a\u300cAEE01195A234\u300d\uff09\uff0c\u9019\u662f\u4e00\u5bb6\u4e16\u754c\u7d1a\u7684\u5927\u578b\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u548c\u92b7\u552e\u516c\u53f8\uff0c\u904d\u53ca\u6574\u500b\u5929\u7136\u6c23\u50f9\u503c\u93c8\uff0c\u5f9e\u900f\u904e\u5927\u578b\u9577\u4e45\u7684\u5929\u7136\u6c23\u8655\u7406\u548c\u5206\u993e\u8a2d\u65bd\u63a5\u6536 ADNOC \u7684\u539f\u6599\u518d\u5230\u5c07\u7522\u54c1\u92b7\u552e\u7d66\u672c\u5730\u548c\u570b\u969b\u5ba2\u6236\u3002ADNOC Gas \u6eff\u8db3\u963f\u806f\u914b\u7d04 60% \u92b7\u552e\u5929\u7136\u6c23\u9700\u6c42\uff0c\u4e26\u5411\u8d85\u904e 20 \u500b\u570b\u5bb6\u53ca\u5730\u5340\u7d42\u7aef\u5ba2\u6236\u63d0\u4f9b\u5929\u7136\u6c23\u3002\u5982\u9700\u4e86\u89e3\u8a73\u60c5\uff0c\u8acb\u700f\u89bd\uff1a<a href=\"http:\/\/www.adnocgas.ae\/\" target=\"_blank\" rel=\"nofollow\" style=\"color: #0000FF\">www.adnocgas.ae<\/a><\/p>\n<p><b>(X) <\/b><a href=\"http:\/\/www.x.com\/adnocgas\" target=\"_blank\" rel=\"nofollow\" style=\"color: #0000FF\">@ADNOCGas<\/a><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u7b2c\u4e09\u5b63\u7d14\u5229\u9054 13.4 \u5104\u7f8e\u5143&#8230;<\/p>\n","protected":false},"author":16,"featured_media":382311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[40567],"tags":[],"class_list":["post-382310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-40567"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADNOC Gas \u516c\u4f48\u6b77\u4f86\u6700\u4f73\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u5f70\u986f\u5728\u77ac\u606f\u842c\u8b8a\u5e02\u6cc1\u4e0b\u7684\u97cc\u529b\u8207\u589e\u9577 - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831<\/title>\n<meta name=\"description\" content=\"\u7b2c\u4e09\u5b63\u7d14\u5229\u9054 13.4 \u5104\u7f8e\u5143\u5275\u7d00\u9304\uff0c\u6309\u5e74\u589e\u9577 8%\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\u672c\u5730\u5929\u7136\u6c23 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u65b0\u589e\u6309\u5b63\u6d3e\u606f\uff0c\u5f37\u5316 ADNOC Gas \u5c0d\u80a1\u6771\u7684\u627f\u8afe \u963f\u806f\u914b\u963f\u5e03\u624e\u6bd42025\u5e7411\u670815\u65e5 \/\u7f8e\u901a\u793e\/ -- \u4e16\u754c\u7d1a\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u8207\u92b7\u552e\u516c\u53f8 ADNOC Gas plc \u53ca\u5176\u5b50\u516c\u53f8\uff08\u5408\u7a31\u300cADNOC Gas\u300d\u6216\u300c\u516c\u53f8\u300d\uff09\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\uff1aADNOCGAS\uff09\uff08\u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1aAEE01195A234\uff09\u4eca\u65e5\u516c\u4f48\u5176 2025 \u5e74\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u9304\u5f97\u516c\u53f8\u53f2\u4e0a\u6700\u9ad8\u7684\u7b2c\u4e09\u5b63\u7d14\u5229 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\u3002\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f\u3002\u5118\u7ba1 2025 \u5e74\u9996\u4e5d\u500b\u6708\u5e73\u5747\u6cb9\u50f9\u70ba\u6bcf\u6876 71 \u7f8e\u5143\uff0c\u4f4e\u65bc 2024 \u5e74\u540c\u671f\u7684\u6bcf\u6876 83 \u7f8e\u5143\uff0c\u516c\u53f8\u4ecd\u9304\u5f97\u4f73\u7e3e\u3002 2025 \u5e74\u7b2c\u4e09\u5b63\uff0cADNOC Gas \u7684\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u696d\u7e3e\u5275\u4e0b\u65b0\u9ad8\uff0cEBITDA \u6309\u5e74\u589e\u9577 26% \u81f3 9.14 \u5104\u7f8e\u5143\u3002\u53d7\u60e0\u65bc\u963f\u806f\u914b\u7d93\u6fdf\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u570b\u969b\u8ca8\u5e63\u57fa\u91d1\u7d44\u7e54 (IMF) \u9810\u6e2c\u5176 2025 \u5e74\u53ca 2026 \u5e74\u5c07\u5206\u5225\u589e\u9577 4.8% \u548c 5%\uff0c\u9996\u4e5d\u500b\u6708\u672c\u5730\u5929\u7136\u6c23\u92b7\u91cf\u9304\u5f97 4% \u589e\u9577\u3002\u540c\u6642\uff0c\u900f\u904e\u6210\u529f\u7684\u5408\u7d04\u91cd\u65b0\u8ac7\u5224\u5e36\u4f86\u7d50\u69cb\u6027\u6539\u5584\uff0c\u57fa\u672c\u5229\u6f64\u7387\u4ea6\u5f97\u4ee5\u63d0\u5347\u3002 ADNOC Gas \u884c\u653f\u7e3d\u88c1 Fatema Al Nuaimi \u8868\u793a\uff1a\u300c\u6211\u5011\u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u4ee5\u53ca\u5e74\u521d\u81f3\u4eca\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u5370\u8b49\u4e86\u6211\u5011\u696d\u52d9\u6a21\u5f0f\u7684\u97cc\u529b\u8207\u9069\u61c9\u80fd\u529b\u3002\u5373\u4f7f\u6cb9\u50f9\u4e0b\u8dcc\uff0c\u6211\u5011\u7684\u76c8\u5229\u80fd\u529b\u4ecd\u6301\u7e8c\u589e\u9577\u3002\u5118\u7ba1\u9762\u5c0d\u8f03\u4f4e\u7684\u6cb9\u50f9\u74b0\u5883\uff0c\u6191\u85c9\u5353\u8d8a\u71df\u904b\u548c\u66f4\u5b8c\u5584\u7684\u5546\u696d\u5354\u8b70\uff0c\u6211\u5011\u7e7c\u7e8c\u5be6\u73fe\u5f37\u52c1\u56de\u5831\u3002\u6211\u5011\u5f37\u5316\u7684\u80a1\u606f\u653f\u7b56\u53ca\u6309\u5b63\u6d3e\u606f\uff0c\u9032\u4e00\u6b65\u8868\u660e\u6211\u5011\u81f4\u529b\u70ba\u80a1\u6771\u5275\u9020\u6700\u5927\u50f9\u503c\u3002\u300d \u5728\u9577\u9060\u50f9\u503c\u548c\u7a69\u5b9a\u6027\u65b9\u9762\uff0cADNOC Gas \u63d0\u4f9b\u4e86\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u65b9\u6848\u3002\u516c\u53f8\u9ad8\u6548\u4e14\u76c8\u5229\u80fd\u529b\u5f37\uff0c\u5176\u7b2c\u4e09\u5b63\u7d14\u5229\u5275\u7d00\u9304\u9054 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\uff1b\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\uff0c\u8db3\u8b49\u6b64\u9ede\u3002\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u662f ADNOC Gas \u8ca1\u52d9\u5be6\u529b\u7684\u6838\u5fc3\uff0c\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u7684 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u3002 \u9019\u4e9b\u696d\u7e3e\u8868\u660e\uff0cADNOC Gas \u662f\u4e00\u9805\u9ad8\u56de\u5831\u6295\u8cc7\uff0c\u5177\u5099\u53ef\u9810\u6e2c\u7684\u73fe\u91d1\u6d41\u548c\u5f37\u5927\u7684\u589e\u9577\u6f5b\u529b\u3002\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff08\u5c07\u65bc 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 8.96 \u5104\u7f8e\u5143\uff09\uff0c\u52a0\u4e0a\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u73fe\u5df2\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u6b64\u8209\u63d0\u5347\u4e86\u900f\u660e\u5ea6\u4e26\u63d0\u4f9b\u4e86\u66f4\u7a69\u5b9a\u7684\u6536\u5165\uff0c\u8b93\u80a1\u6771\u80fd\u66f4\u5177\u4fe1\u5fc3\u5730\u898f\u5283\u548c\u7ba1\u7406\u8ca1\u52d9\u3002\u900f\u904e\u6295\u8cc7 ADNOC Gas\uff0c\u80a1\u6771\u53ef\u53c3\u8207\u963f\u806f\u914b\u66f4\u5ee3\u6cdb\u7684\u80fd\u6e90\u8f49\u578b\uff0c\u8207\u570b\u5bb6\u5b8f\u5927\u7684\u76ee\u6a19\u4fdd\u6301\u4e00\u81f4\u3002 \u5f37\u52c1\u73fe\u91d1\u6d41\u63a8\u52d5\u589e\u9577\u8207\u80a1\u6771\u56de\u5831 ADNOC Gas \u7a69\u5065\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u4e00\u76f4\u662f\u5176\u8ca1\u653f\u5be6\u529b\u7684\u57fa\u77f3\u3002\u516c\u53f8\u6301\u7e8c\u7522\u751f\u53ef\u89c0\u71df\u904b\u73fe\u91d1\u6d41\u7684\u80fd\u529b\uff0c\u4f7f\u5176\u6bcb\u9808\u4f9d\u8cf4\u984d\u5916\u50b5\u52d9\uff0c\u4fbf\u80fd\u70ba\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u652f\u4ed8\u548c\u91cd\u5927\u8cc7\u672c\u9805\u76ee\u63d0\u4f9b\u8cc7\u91d1\u3002 \u9019\u7a2e\u56b4\u8b39\u7684\u8ca1\u52d9\u7b56\u7565\u78ba\u4fdd ADNOC Gas \u4fdd\u6301\u5f37\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u652f\u6301\u7522\u80fd\u64f4\u5f35\u7684\u9577\u9060\u6295\u8cc7\uff0c\u4e26\u70ba\u80a1\u6771\u5e36\u4f86\u53ef\u6301\u7e8c\u7684\u50f9\u503c\u3002\u6211\u5011\u5728\u6cb9\u50f9\u504f\u4f4e\u7684\u74b0\u5883\u4e0b\u4ecd\u4fdd\u6301\u73fe\u91d1\u6d41\u97cc\u6027\uff0c\u5370\u8b49\u4e86\u6211\u5011\u5c0d\u589e\u9577\u548c\u8ca1\u52d9\u7a69\u5b9a\u6027\u7684\u627f\u8afe\u3002 \u8463\u4e8b\u6703\u5df2\u6279\u51c6\u5c07\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u518d\u6b21\u80af\u5b9a\u4e86 ADNOC Gas \u70ba\u80a1\u6771\u5be6\u73fe\u9577\u9060\u50f9\u503c\u7684\u627f\u8afe\u3002\u70ba\u9032\u4e00\u6b65\u63d0\u5347\u80a1\u6771\u50f9\u503c\uff0c\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff0c\u9996\u7b46\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8\u3002 \u4e3b\u8981\u696d\u7e3e\u6458\u8981\uff1a   \u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u7d14\u5229\uff1a 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%  \u5e74\u521d\u81f3\u4eca\u7d14\u5229\uff1a 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f  \u672c\u5730\u5929\u7136\u6c23 EBITDA\uff1a 2025 \u5e74\u7b2c\u4e09\u5b63\u70ba 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%  \u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74  \u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff1b\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8           \u767e\u842c\u7f8e\u5143    Q3 24    Q2 25    \u00a0 Q3 25    \u5e74\u589e\u7387 %    \u5b63\u589e\u7387 (QoQ) %                                 Q3 25 vs.Q3 24    Q3 25 vs.Q2 25    2024 \u5e74\u9996\u4e5d\u500b\u6708    2025 \u5e74\u9996\u4e5d\u500b\u6708    9M 25 vs.9M 24         \u6536\u5165    6,281    5,960    5,931    -6\u00a0%    0\u00a0%    18,368    17,991    -2\u00a0%         \u92b7\u552e\u6210\u672c (COGS)    -3,581    -3,205    -3,217    -10\u00a0%    0\u00a0%    -10,471    -9,877    -6\u00a0%         \u71df\u904b\u958b\u652f (Opex)    -495    -499    -537    8\u00a0%    7\u00a0%    -1,530    -1,521    -1\u00a0%         EBITDA    2,205    2,256    2,178    -1\u00a0%    -3\u00a0%    6,367    6,593    4\u00a0%         \u6de8\u6536\u76ca    1,243    1,385    1,338    8\u00a0%    -3\u00a0%    3,621    3,993    10\u00a0%         EBITDA \u5229\u6f64\u7387    35.1\uff05    37.9\u00a0%    36.7\u00a0%    161bps    -113bps    34.7\uff05    36.6\u00a0%    199bps         \u6de8\u6536\u76ca\u5229\u6f64\u7387    19.8\u00a0%    23.2\u00a0%    22.6\u00a0%    275bps    -69bps    19.7\u00a0%    22.2 \uff05    248bps         \u00a0 2025 \u5e74\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f\u767c\u653e\u7684\u91cd\u8981\u65e5\u671f\uff1a          \u8463\u4e8b\u6703\u6279\u51c6    2025 \u5e74 11 \u6708 12 \u65e5         \u6388\u6b0a\u65e5\u671f\uff08\u622a\u6b62\u8cfc\u8cb7\u65e5\u671f\uff09    2025 \u5e74 11 \u6708 20 \u65e5         \u9664\u6de8\u65e5\u671f    2025 \u5e74 11 \u6708 21 \u65e5         \u767b\u8a18\u65e5\u671f    2025 \u5e74 11 \u6708 24 \u65e5         \u9810\u671f\u6d3e\u606f\u65e5\u671f    2025 \u5e74 12 \u6708 12 \u65e5         \u00a0 \u66ff\u4ee3\u7e3e\u6548\u8861\u91cf\u6a19\u6e96\uff1a   \u4e0a\u8ff0\u8ca1\u52d9\u8cc7\u8a0a\u5305\u62ec ADNOC Gas \u7684\u6309\u6bd4\u4f8b\u5408\u4f75\u5408\u8cc7\u4f01\u696d\u7684\u8ca1\u52d9\u8868\u73fe\u3002  EBITDA \u5305\u62ec\u5408\u8cc7\u4f01\u696d\u7684\u6bd4\u4f8b\u5408\u4f75\uff0c\u4e26\u4ee3\u8868\u672a\u8a08\u5229\u606f\u3001\u7a05\u9805\u3001\u6298\u820a\u53ca\u6524\u92b7\u524d\u7684\u76c8\u5229\u3002  \u6240\u5c55\u793a\u7684\u8ca1\u52d9\u6578\u64da\u548c IFRS \u8ca1\u52d9\u5831\u8868\u4e4b\u9593\u7684\u5c0d\u8cec\uff0c\u5df2\u65bc\u7ba1\u7406\u5c64\u8a0e\u8ad6\u8207\u5206\u6790\u5831\u544a\u4e2d\u5c55\u793a\u3002  \u6ce8\u610f\u4e8b\u9805\uff1a \u672c\u516c\u544a\u5305\u542b\u6709\u95dc ADNOC Gas \u8ca1\u52d9\u72c0\u6cc1\u3001\u71df\u904b\u696d\u7e3e\u548c\u696d\u52d9\u7684\u524d\u77bb\u6027\u8072\u660e\u3002\u6240\u6709\u975e\u6b77\u53f2\u4e8b\u5be6\u7684\u9673\u8ff0\u5747\u70ba\u524d\u77bb\u6027\u9673\u8ff0\u3002\u524d\u77bb\u6027\u9673\u8ff0\u4e43\u6839\u64da\u7ba1\u7406\u5c64\u76ee\u524d\u7684\u9810\u671f\u548c\u5047\u8a2d\u800c\u5c0d\u672a\u4f86\u5c55\u671b\u4f5c\u51fa\u7684\u9673\u8ff0\uff0c\u6d89\u53ca\u5df2\u77e5\u53ca\u672a\u77e5\u7684\u98a8\u96aa\u53ca\u4e0d\u78ba\u5b9a\u6027\uff0c\u53ef\u80fd\u5c0e\u81f4\u5be6\u969b\u7d50\u679c\u3001\u8868\u73fe\u6216\u4e8b\u4ef6\u8207\u9019\u4e9b\u9673\u8ff0\u4e2d\u660e\u793a\u6216\u6697\u793a\u7684\u5167\u5bb9\u5b58\u5728\u91cd\u5927\u5dee\u7570\u3002\u672c\u516c\u53f8\u7121\u7fa9\u52d9\u56e0\u65b0\u8cc7\u8a0a\u3001\u672a\u4f86\u767c\u5c55\u6216\u5176\u4ed6\u539f\u56e0\u800c\u516c\u958b\u66f4\u65b0\u6216\u5be9\u8996\u4efb\u4f55\u524d\u77bb\u6027\u9673\u8ff0\u3002\u7d50\u679c\u53ef\u80fd\u8207\u672c\u516c\u544a\u4e2d\u6240\u8f09\u7684\u524d\u77bb\u6027\u8072\u660e\u6240\u8ff0\u3001\u6697\u793a\u6216\u63a8\u65b7\u7684\u7d50\u679c\u6709\u91cd\u5927\u4e0d\u540c\u3002\u8b80\u8005\u4e0d\u61c9\u904e\u5206\u4f9d\u8cf4\u524d\u77bb\u6027\u9673\u8ff0\u7684\u5167\u5bb9\u3002 ADNOC Gas \u7c21\u4ecb ADNOC Gas \u5df2\u65bc\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4ee3\u78bc\uff1a\u300cADNOCGAS\u300d\/ \u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1a\u300cAEE01195A234\u300d\uff09\uff0c\u9019\u662f\u4e00\u5bb6\u4e16\u754c\u7d1a\u7684\u5927\u578b\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u548c\u92b7\u552e\u516c\u53f8\uff0c\u904d\u53ca\u6574\u500b\u5929\u7136\u6c23\u50f9\u503c\u93c8\uff0c\u5f9e\u900f\u904e\u5927\u578b\u9577\u4e45\u7684\u5929\u7136\u6c23\u8655\u7406\u548c\u5206\u993e\u8a2d\u65bd\u63a5\u6536 ADNOC \u7684\u539f\u6599\u518d\u5230\u5c07\u7522\u54c1\u92b7\u552e\u7d66\u672c\u5730\u548c\u570b\u969b\u5ba2\u6236\u3002ADNOC Gas \u6eff\u8db3\u963f\u806f\u914b\u7d04 60% \u92b7\u552e\u5929\u7136\u6c23\u9700\u6c42\uff0c\u4e26\u5411\u8d85\u904e 20 \u500b\u570b\u5bb6\u53ca\u5730\u5340\u7d42\u7aef\u5ba2\u6236\u63d0\u4f9b\u5929\u7136\u6c23\u3002\u5982\u9700\u4e86\u89e3\u8a73\u60c5\uff0c\u8acb\u700f\u89bd\uff1awww.adnocgas.ae (X) @ADNOCGas \u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pingtungtimes.com.tw\/?p=382310\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADNOC Gas \u516c\u4f48\u6b77\u4f86\u6700\u4f73\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u5f70\u986f\u5728\u77ac\u606f\u842c\u8b8a\u5e02\u6cc1\u4e0b\u7684\u97cc\u529b\u8207\u589e\u9577 - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\" \/>\n<meta property=\"og:description\" content=\"\u7b2c\u4e09\u5b63\u7d14\u5229\u9054 13.4 \u5104\u7f8e\u5143\u5275\u7d00\u9304\uff0c\u6309\u5e74\u589e\u9577 8%\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\u672c\u5730\u5929\u7136\u6c23 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u65b0\u589e\u6309\u5b63\u6d3e\u606f\uff0c\u5f37\u5316 ADNOC Gas \u5c0d\u80a1\u6771\u7684\u627f\u8afe \u963f\u806f\u914b\u963f\u5e03\u624e\u6bd42025\u5e7411\u670815\u65e5 \/\u7f8e\u901a\u793e\/ -- \u4e16\u754c\u7d1a\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u8207\u92b7\u552e\u516c\u53f8 ADNOC Gas plc \u53ca\u5176\u5b50\u516c\u53f8\uff08\u5408\u7a31\u300cADNOC Gas\u300d\u6216\u300c\u516c\u53f8\u300d\uff09\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\uff1aADNOCGAS\uff09\uff08\u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1aAEE01195A234\uff09\u4eca\u65e5\u516c\u4f48\u5176 2025 \u5e74\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u9304\u5f97\u516c\u53f8\u53f2\u4e0a\u6700\u9ad8\u7684\u7b2c\u4e09\u5b63\u7d14\u5229 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\u3002\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f\u3002\u5118\u7ba1 2025 \u5e74\u9996\u4e5d\u500b\u6708\u5e73\u5747\u6cb9\u50f9\u70ba\u6bcf\u6876 71 \u7f8e\u5143\uff0c\u4f4e\u65bc 2024 \u5e74\u540c\u671f\u7684\u6bcf\u6876 83 \u7f8e\u5143\uff0c\u516c\u53f8\u4ecd\u9304\u5f97\u4f73\u7e3e\u3002 2025 \u5e74\u7b2c\u4e09\u5b63\uff0cADNOC Gas \u7684\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u696d\u7e3e\u5275\u4e0b\u65b0\u9ad8\uff0cEBITDA \u6309\u5e74\u589e\u9577 26% \u81f3 9.14 \u5104\u7f8e\u5143\u3002\u53d7\u60e0\u65bc\u963f\u806f\u914b\u7d93\u6fdf\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u570b\u969b\u8ca8\u5e63\u57fa\u91d1\u7d44\u7e54 (IMF) \u9810\u6e2c\u5176 2025 \u5e74\u53ca 2026 \u5e74\u5c07\u5206\u5225\u589e\u9577 4.8% \u548c 5%\uff0c\u9996\u4e5d\u500b\u6708\u672c\u5730\u5929\u7136\u6c23\u92b7\u91cf\u9304\u5f97 4% \u589e\u9577\u3002\u540c\u6642\uff0c\u900f\u904e\u6210\u529f\u7684\u5408\u7d04\u91cd\u65b0\u8ac7\u5224\u5e36\u4f86\u7d50\u69cb\u6027\u6539\u5584\uff0c\u57fa\u672c\u5229\u6f64\u7387\u4ea6\u5f97\u4ee5\u63d0\u5347\u3002 ADNOC Gas \u884c\u653f\u7e3d\u88c1 Fatema Al Nuaimi \u8868\u793a\uff1a\u300c\u6211\u5011\u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u4ee5\u53ca\u5e74\u521d\u81f3\u4eca\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u5370\u8b49\u4e86\u6211\u5011\u696d\u52d9\u6a21\u5f0f\u7684\u97cc\u529b\u8207\u9069\u61c9\u80fd\u529b\u3002\u5373\u4f7f\u6cb9\u50f9\u4e0b\u8dcc\uff0c\u6211\u5011\u7684\u76c8\u5229\u80fd\u529b\u4ecd\u6301\u7e8c\u589e\u9577\u3002\u5118\u7ba1\u9762\u5c0d\u8f03\u4f4e\u7684\u6cb9\u50f9\u74b0\u5883\uff0c\u6191\u85c9\u5353\u8d8a\u71df\u904b\u548c\u66f4\u5b8c\u5584\u7684\u5546\u696d\u5354\u8b70\uff0c\u6211\u5011\u7e7c\u7e8c\u5be6\u73fe\u5f37\u52c1\u56de\u5831\u3002\u6211\u5011\u5f37\u5316\u7684\u80a1\u606f\u653f\u7b56\u53ca\u6309\u5b63\u6d3e\u606f\uff0c\u9032\u4e00\u6b65\u8868\u660e\u6211\u5011\u81f4\u529b\u70ba\u80a1\u6771\u5275\u9020\u6700\u5927\u50f9\u503c\u3002\u300d \u5728\u9577\u9060\u50f9\u503c\u548c\u7a69\u5b9a\u6027\u65b9\u9762\uff0cADNOC Gas \u63d0\u4f9b\u4e86\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u65b9\u6848\u3002\u516c\u53f8\u9ad8\u6548\u4e14\u76c8\u5229\u80fd\u529b\u5f37\uff0c\u5176\u7b2c\u4e09\u5b63\u7d14\u5229\u5275\u7d00\u9304\u9054 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\uff1b\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\uff0c\u8db3\u8b49\u6b64\u9ede\u3002\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u662f ADNOC Gas \u8ca1\u52d9\u5be6\u529b\u7684\u6838\u5fc3\uff0c\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u7684 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u3002 \u9019\u4e9b\u696d\u7e3e\u8868\u660e\uff0cADNOC Gas \u662f\u4e00\u9805\u9ad8\u56de\u5831\u6295\u8cc7\uff0c\u5177\u5099\u53ef\u9810\u6e2c\u7684\u73fe\u91d1\u6d41\u548c\u5f37\u5927\u7684\u589e\u9577\u6f5b\u529b\u3002\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff08\u5c07\u65bc 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 8.96 \u5104\u7f8e\u5143\uff09\uff0c\u52a0\u4e0a\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u73fe\u5df2\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u6b64\u8209\u63d0\u5347\u4e86\u900f\u660e\u5ea6\u4e26\u63d0\u4f9b\u4e86\u66f4\u7a69\u5b9a\u7684\u6536\u5165\uff0c\u8b93\u80a1\u6771\u80fd\u66f4\u5177\u4fe1\u5fc3\u5730\u898f\u5283\u548c\u7ba1\u7406\u8ca1\u52d9\u3002\u900f\u904e\u6295\u8cc7 ADNOC Gas\uff0c\u80a1\u6771\u53ef\u53c3\u8207\u963f\u806f\u914b\u66f4\u5ee3\u6cdb\u7684\u80fd\u6e90\u8f49\u578b\uff0c\u8207\u570b\u5bb6\u5b8f\u5927\u7684\u76ee\u6a19\u4fdd\u6301\u4e00\u81f4\u3002 \u5f37\u52c1\u73fe\u91d1\u6d41\u63a8\u52d5\u589e\u9577\u8207\u80a1\u6771\u56de\u5831 ADNOC Gas \u7a69\u5065\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u4e00\u76f4\u662f\u5176\u8ca1\u653f\u5be6\u529b\u7684\u57fa\u77f3\u3002\u516c\u53f8\u6301\u7e8c\u7522\u751f\u53ef\u89c0\u71df\u904b\u73fe\u91d1\u6d41\u7684\u80fd\u529b\uff0c\u4f7f\u5176\u6bcb\u9808\u4f9d\u8cf4\u984d\u5916\u50b5\u52d9\uff0c\u4fbf\u80fd\u70ba\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u652f\u4ed8\u548c\u91cd\u5927\u8cc7\u672c\u9805\u76ee\u63d0\u4f9b\u8cc7\u91d1\u3002 \u9019\u7a2e\u56b4\u8b39\u7684\u8ca1\u52d9\u7b56\u7565\u78ba\u4fdd ADNOC Gas \u4fdd\u6301\u5f37\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u652f\u6301\u7522\u80fd\u64f4\u5f35\u7684\u9577\u9060\u6295\u8cc7\uff0c\u4e26\u70ba\u80a1\u6771\u5e36\u4f86\u53ef\u6301\u7e8c\u7684\u50f9\u503c\u3002\u6211\u5011\u5728\u6cb9\u50f9\u504f\u4f4e\u7684\u74b0\u5883\u4e0b\u4ecd\u4fdd\u6301\u73fe\u91d1\u6d41\u97cc\u6027\uff0c\u5370\u8b49\u4e86\u6211\u5011\u5c0d\u589e\u9577\u548c\u8ca1\u52d9\u7a69\u5b9a\u6027\u7684\u627f\u8afe\u3002 \u8463\u4e8b\u6703\u5df2\u6279\u51c6\u5c07\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u518d\u6b21\u80af\u5b9a\u4e86 ADNOC Gas \u70ba\u80a1\u6771\u5be6\u73fe\u9577\u9060\u50f9\u503c\u7684\u627f\u8afe\u3002\u70ba\u9032\u4e00\u6b65\u63d0\u5347\u80a1\u6771\u50f9\u503c\uff0c\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff0c\u9996\u7b46\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8\u3002 \u4e3b\u8981\u696d\u7e3e\u6458\u8981\uff1a   \u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u7d14\u5229\uff1a 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%  \u5e74\u521d\u81f3\u4eca\u7d14\u5229\uff1a 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f  \u672c\u5730\u5929\u7136\u6c23 EBITDA\uff1a 2025 \u5e74\u7b2c\u4e09\u5b63\u70ba 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%  \u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74  \u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff1b\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8           \u767e\u842c\u7f8e\u5143    Q3 24    Q2 25    \u00a0 Q3 25    \u5e74\u589e\u7387 %    \u5b63\u589e\u7387 (QoQ) %                                 Q3 25 vs.Q3 24    Q3 25 vs.Q2 25    2024 \u5e74\u9996\u4e5d\u500b\u6708    2025 \u5e74\u9996\u4e5d\u500b\u6708    9M 25 vs.9M 24         \u6536\u5165    6,281    5,960    5,931    -6\u00a0%    0\u00a0%    18,368    17,991    -2\u00a0%         \u92b7\u552e\u6210\u672c (COGS)    -3,581    -3,205    -3,217    -10\u00a0%    0\u00a0%    -10,471    -9,877    -6\u00a0%         \u71df\u904b\u958b\u652f (Opex)    -495    -499    -537    8\u00a0%    7\u00a0%    -1,530    -1,521    -1\u00a0%         EBITDA    2,205    2,256    2,178    -1\u00a0%    -3\u00a0%    6,367    6,593    4\u00a0%         \u6de8\u6536\u76ca    1,243    1,385    1,338    8\u00a0%    -3\u00a0%    3,621    3,993    10\u00a0%         EBITDA \u5229\u6f64\u7387    35.1\uff05    37.9\u00a0%    36.7\u00a0%    161bps    -113bps    34.7\uff05    36.6\u00a0%    199bps         \u6de8\u6536\u76ca\u5229\u6f64\u7387    19.8\u00a0%    23.2\u00a0%    22.6\u00a0%    275bps    -69bps    19.7\u00a0%    22.2 \uff05    248bps         \u00a0 2025 \u5e74\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f\u767c\u653e\u7684\u91cd\u8981\u65e5\u671f\uff1a          \u8463\u4e8b\u6703\u6279\u51c6    2025 \u5e74 11 \u6708 12 \u65e5         \u6388\u6b0a\u65e5\u671f\uff08\u622a\u6b62\u8cfc\u8cb7\u65e5\u671f\uff09    2025 \u5e74 11 \u6708 20 \u65e5         \u9664\u6de8\u65e5\u671f    2025 \u5e74 11 \u6708 21 \u65e5         \u767b\u8a18\u65e5\u671f    2025 \u5e74 11 \u6708 24 \u65e5         \u9810\u671f\u6d3e\u606f\u65e5\u671f    2025 \u5e74 12 \u6708 12 \u65e5         \u00a0 \u66ff\u4ee3\u7e3e\u6548\u8861\u91cf\u6a19\u6e96\uff1a   \u4e0a\u8ff0\u8ca1\u52d9\u8cc7\u8a0a\u5305\u62ec ADNOC Gas \u7684\u6309\u6bd4\u4f8b\u5408\u4f75\u5408\u8cc7\u4f01\u696d\u7684\u8ca1\u52d9\u8868\u73fe\u3002  EBITDA \u5305\u62ec\u5408\u8cc7\u4f01\u696d\u7684\u6bd4\u4f8b\u5408\u4f75\uff0c\u4e26\u4ee3\u8868\u672a\u8a08\u5229\u606f\u3001\u7a05\u9805\u3001\u6298\u820a\u53ca\u6524\u92b7\u524d\u7684\u76c8\u5229\u3002  \u6240\u5c55\u793a\u7684\u8ca1\u52d9\u6578\u64da\u548c IFRS \u8ca1\u52d9\u5831\u8868\u4e4b\u9593\u7684\u5c0d\u8cec\uff0c\u5df2\u65bc\u7ba1\u7406\u5c64\u8a0e\u8ad6\u8207\u5206\u6790\u5831\u544a\u4e2d\u5c55\u793a\u3002  \u6ce8\u610f\u4e8b\u9805\uff1a \u672c\u516c\u544a\u5305\u542b\u6709\u95dc ADNOC Gas \u8ca1\u52d9\u72c0\u6cc1\u3001\u71df\u904b\u696d\u7e3e\u548c\u696d\u52d9\u7684\u524d\u77bb\u6027\u8072\u660e\u3002\u6240\u6709\u975e\u6b77\u53f2\u4e8b\u5be6\u7684\u9673\u8ff0\u5747\u70ba\u524d\u77bb\u6027\u9673\u8ff0\u3002\u524d\u77bb\u6027\u9673\u8ff0\u4e43\u6839\u64da\u7ba1\u7406\u5c64\u76ee\u524d\u7684\u9810\u671f\u548c\u5047\u8a2d\u800c\u5c0d\u672a\u4f86\u5c55\u671b\u4f5c\u51fa\u7684\u9673\u8ff0\uff0c\u6d89\u53ca\u5df2\u77e5\u53ca\u672a\u77e5\u7684\u98a8\u96aa\u53ca\u4e0d\u78ba\u5b9a\u6027\uff0c\u53ef\u80fd\u5c0e\u81f4\u5be6\u969b\u7d50\u679c\u3001\u8868\u73fe\u6216\u4e8b\u4ef6\u8207\u9019\u4e9b\u9673\u8ff0\u4e2d\u660e\u793a\u6216\u6697\u793a\u7684\u5167\u5bb9\u5b58\u5728\u91cd\u5927\u5dee\u7570\u3002\u672c\u516c\u53f8\u7121\u7fa9\u52d9\u56e0\u65b0\u8cc7\u8a0a\u3001\u672a\u4f86\u767c\u5c55\u6216\u5176\u4ed6\u539f\u56e0\u800c\u516c\u958b\u66f4\u65b0\u6216\u5be9\u8996\u4efb\u4f55\u524d\u77bb\u6027\u9673\u8ff0\u3002\u7d50\u679c\u53ef\u80fd\u8207\u672c\u516c\u544a\u4e2d\u6240\u8f09\u7684\u524d\u77bb\u6027\u8072\u660e\u6240\u8ff0\u3001\u6697\u793a\u6216\u63a8\u65b7\u7684\u7d50\u679c\u6709\u91cd\u5927\u4e0d\u540c\u3002\u8b80\u8005\u4e0d\u61c9\u904e\u5206\u4f9d\u8cf4\u524d\u77bb\u6027\u9673\u8ff0\u7684\u5167\u5bb9\u3002 ADNOC Gas \u7c21\u4ecb ADNOC Gas \u5df2\u65bc\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4ee3\u78bc\uff1a\u300cADNOCGAS\u300d\/ \u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1a\u300cAEE01195A234\u300d\uff09\uff0c\u9019\u662f\u4e00\u5bb6\u4e16\u754c\u7d1a\u7684\u5927\u578b\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u548c\u92b7\u552e\u516c\u53f8\uff0c\u904d\u53ca\u6574\u500b\u5929\u7136\u6c23\u50f9\u503c\u93c8\uff0c\u5f9e\u900f\u904e\u5927\u578b\u9577\u4e45\u7684\u5929\u7136\u6c23\u8655\u7406\u548c\u5206\u993e\u8a2d\u65bd\u63a5\u6536 ADNOC \u7684\u539f\u6599\u518d\u5230\u5c07\u7522\u54c1\u92b7\u552e\u7d66\u672c\u5730\u548c\u570b\u969b\u5ba2\u6236\u3002ADNOC Gas \u6eff\u8db3\u963f\u806f\u914b\u7d04 60% \u92b7\u552e\u5929\u7136\u6c23\u9700\u6c42\uff0c\u4e26\u5411\u8d85\u904e 20 \u500b\u570b\u5bb6\u53ca\u5730\u5340\u7d42\u7aef\u5ba2\u6236\u63d0\u4f9b\u5929\u7136\u6c23\u3002\u5982\u9700\u4e86\u89e3\u8a73\u60c5\uff0c\u8acb\u700f\u89bd\uff1awww.adnocgas.ae (X) @ADNOCGas \u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pingtungtimes.com.tw\/?p=382310\" \/>\n<meta property=\"og:site_name\" content=\"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pingtungnews\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-15T13:24:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1706\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u7f8e\u901a\u793e\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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\u4e16\u754c\u7d1a\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u8207\u92b7\u552e\u516c\u53f8 ADNOC Gas plc \u53ca\u5176\u5b50\u516c\u53f8\uff08\u5408\u7a31\u300cADNOC Gas\u300d\u6216\u300c\u516c\u53f8\u300d\uff09\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\uff1aADNOCGAS\uff09\uff08\u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1aAEE01195A234\uff09\u4eca\u65e5\u516c\u4f48\u5176 2025 \u5e74\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u9304\u5f97\u516c\u53f8\u53f2\u4e0a\u6700\u9ad8\u7684\u7b2c\u4e09\u5b63\u7d14\u5229 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\u3002\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f\u3002\u5118\u7ba1 2025 \u5e74\u9996\u4e5d\u500b\u6708\u5e73\u5747\u6cb9\u50f9\u70ba\u6bcf\u6876 71 \u7f8e\u5143\uff0c\u4f4e\u65bc 2024 \u5e74\u540c\u671f\u7684\u6bcf\u6876 83 \u7f8e\u5143\uff0c\u516c\u53f8\u4ecd\u9304\u5f97\u4f73\u7e3e\u3002 2025 \u5e74\u7b2c\u4e09\u5b63\uff0cADNOC Gas \u7684\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u696d\u7e3e\u5275\u4e0b\u65b0\u9ad8\uff0cEBITDA \u6309\u5e74\u589e\u9577 26% \u81f3 9.14 \u5104\u7f8e\u5143\u3002\u53d7\u60e0\u65bc\u963f\u806f\u914b\u7d93\u6fdf\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u570b\u969b\u8ca8\u5e63\u57fa\u91d1\u7d44\u7e54 (IMF) \u9810\u6e2c\u5176 2025 \u5e74\u53ca 2026 \u5e74\u5c07\u5206\u5225\u589e\u9577 4.8% \u548c 5%\uff0c\u9996\u4e5d\u500b\u6708\u672c\u5730\u5929\u7136\u6c23\u92b7\u91cf\u9304\u5f97 4% \u589e\u9577\u3002\u540c\u6642\uff0c\u900f\u904e\u6210\u529f\u7684\u5408\u7d04\u91cd\u65b0\u8ac7\u5224\u5e36\u4f86\u7d50\u69cb\u6027\u6539\u5584\uff0c\u57fa\u672c\u5229\u6f64\u7387\u4ea6\u5f97\u4ee5\u63d0\u5347\u3002 ADNOC Gas \u884c\u653f\u7e3d\u88c1 Fatema Al Nuaimi \u8868\u793a\uff1a\u300c\u6211\u5011\u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u4ee5\u53ca\u5e74\u521d\u81f3\u4eca\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u5370\u8b49\u4e86\u6211\u5011\u696d\u52d9\u6a21\u5f0f\u7684\u97cc\u529b\u8207\u9069\u61c9\u80fd\u529b\u3002\u5373\u4f7f\u6cb9\u50f9\u4e0b\u8dcc\uff0c\u6211\u5011\u7684\u76c8\u5229\u80fd\u529b\u4ecd\u6301\u7e8c\u589e\u9577\u3002\u5118\u7ba1\u9762\u5c0d\u8f03\u4f4e\u7684\u6cb9\u50f9\u74b0\u5883\uff0c\u6191\u85c9\u5353\u8d8a\u71df\u904b\u548c\u66f4\u5b8c\u5584\u7684\u5546\u696d\u5354\u8b70\uff0c\u6211\u5011\u7e7c\u7e8c\u5be6\u73fe\u5f37\u52c1\u56de\u5831\u3002\u6211\u5011\u5f37\u5316\u7684\u80a1\u606f\u653f\u7b56\u53ca\u6309\u5b63\u6d3e\u606f\uff0c\u9032\u4e00\u6b65\u8868\u660e\u6211\u5011\u81f4\u529b\u70ba\u80a1\u6771\u5275\u9020\u6700\u5927\u50f9\u503c\u3002\u300d \u5728\u9577\u9060\u50f9\u503c\u548c\u7a69\u5b9a\u6027\u65b9\u9762\uff0cADNOC Gas \u63d0\u4f9b\u4e86\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u65b9\u6848\u3002\u516c\u53f8\u9ad8\u6548\u4e14\u76c8\u5229\u80fd\u529b\u5f37\uff0c\u5176\u7b2c\u4e09\u5b63\u7d14\u5229\u5275\u7d00\u9304\u9054 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\uff1b\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\uff0c\u8db3\u8b49\u6b64\u9ede\u3002\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u662f ADNOC Gas \u8ca1\u52d9\u5be6\u529b\u7684\u6838\u5fc3\uff0c\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u7684 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u3002 \u9019\u4e9b\u696d\u7e3e\u8868\u660e\uff0cADNOC Gas \u662f\u4e00\u9805\u9ad8\u56de\u5831\u6295\u8cc7\uff0c\u5177\u5099\u53ef\u9810\u6e2c\u7684\u73fe\u91d1\u6d41\u548c\u5f37\u5927\u7684\u589e\u9577\u6f5b\u529b\u3002\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff08\u5c07\u65bc 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 8.96 \u5104\u7f8e\u5143\uff09\uff0c\u52a0\u4e0a\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u73fe\u5df2\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u6b64\u8209\u63d0\u5347\u4e86\u900f\u660e\u5ea6\u4e26\u63d0\u4f9b\u4e86\u66f4\u7a69\u5b9a\u7684\u6536\u5165\uff0c\u8b93\u80a1\u6771\u80fd\u66f4\u5177\u4fe1\u5fc3\u5730\u898f\u5283\u548c\u7ba1\u7406\u8ca1\u52d9\u3002\u900f\u904e\u6295\u8cc7 ADNOC Gas\uff0c\u80a1\u6771\u53ef\u53c3\u8207\u963f\u806f\u914b\u66f4\u5ee3\u6cdb\u7684\u80fd\u6e90\u8f49\u578b\uff0c\u8207\u570b\u5bb6\u5b8f\u5927\u7684\u76ee\u6a19\u4fdd\u6301\u4e00\u81f4\u3002 \u5f37\u52c1\u73fe\u91d1\u6d41\u63a8\u52d5\u589e\u9577\u8207\u80a1\u6771\u56de\u5831 ADNOC Gas \u7a69\u5065\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u4e00\u76f4\u662f\u5176\u8ca1\u653f\u5be6\u529b\u7684\u57fa\u77f3\u3002\u516c\u53f8\u6301\u7e8c\u7522\u751f\u53ef\u89c0\u71df\u904b\u73fe\u91d1\u6d41\u7684\u80fd\u529b\uff0c\u4f7f\u5176\u6bcb\u9808\u4f9d\u8cf4\u984d\u5916\u50b5\u52d9\uff0c\u4fbf\u80fd\u70ba\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u652f\u4ed8\u548c\u91cd\u5927\u8cc7\u672c\u9805\u76ee\u63d0\u4f9b\u8cc7\u91d1\u3002 \u9019\u7a2e\u56b4\u8b39\u7684\u8ca1\u52d9\u7b56\u7565\u78ba\u4fdd ADNOC Gas \u4fdd\u6301\u5f37\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u652f\u6301\u7522\u80fd\u64f4\u5f35\u7684\u9577\u9060\u6295\u8cc7\uff0c\u4e26\u70ba\u80a1\u6771\u5e36\u4f86\u53ef\u6301\u7e8c\u7684\u50f9\u503c\u3002\u6211\u5011\u5728\u6cb9\u50f9\u504f\u4f4e\u7684\u74b0\u5883\u4e0b\u4ecd\u4fdd\u6301\u73fe\u91d1\u6d41\u97cc\u6027\uff0c\u5370\u8b49\u4e86\u6211\u5011\u5c0d\u589e\u9577\u548c\u8ca1\u52d9\u7a69\u5b9a\u6027\u7684\u627f\u8afe\u3002 \u8463\u4e8b\u6703\u5df2\u6279\u51c6\u5c07\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u518d\u6b21\u80af\u5b9a\u4e86 ADNOC Gas \u70ba\u80a1\u6771\u5be6\u73fe\u9577\u9060\u50f9\u503c\u7684\u627f\u8afe\u3002\u70ba\u9032\u4e00\u6b65\u63d0\u5347\u80a1\u6771\u50f9\u503c\uff0c\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff0c\u9996\u7b46\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8\u3002 \u4e3b\u8981\u696d\u7e3e\u6458\u8981\uff1a \u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u7d14\u5229\uff1a 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8% \u5e74\u521d\u81f3\u4eca\u7d14\u5229\uff1a 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f \u672c\u5730\u5929\u7136\u6c23 EBITDA\uff1a 2025 \u5e74\u7b2c\u4e09\u5b63\u70ba 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26% \u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74 \u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff1b\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 \u767e\u842c\u7f8e\u5143 Q3 24 Q2 25 \u00a0 Q3 25 \u5e74\u589e\u7387 % \u5b63\u589e\u7387 (QoQ) % Q3 25 vs.Q3 24 Q3 25 vs.Q2 25 2024 \u5e74\u9996\u4e5d\u500b\u6708 2025 \u5e74\u9996\u4e5d\u500b\u6708 9M 25 vs.9M 24 \u6536\u5165 6,281 5,960 5,931 -6\u00a0% 0\u00a0% 18,368 17,991 -2\u00a0% \u92b7\u552e\u6210\u672c (COGS) -3,581 -3,205 -3,217 -10\u00a0% 0\u00a0% -10,471 -9,877 -6\u00a0% \u71df\u904b\u958b\u652f (Opex) -495 -499 -537 8\u00a0% 7\u00a0% -1,530 -1,521 -1\u00a0% EBITDA 2,205 2,256 2,178 -1\u00a0% -3\u00a0% 6,367 6,593 4\u00a0% \u6de8\u6536\u76ca 1,243 1,385 1,338 8\u00a0% -3\u00a0% 3,621 3,993 10\u00a0% EBITDA \u5229\u6f64\u7387 35.1\uff05 37.9\u00a0% 36.7\u00a0% 161bps -113bps 34.7\uff05 36.6\u00a0% 199bps \u6de8\u6536\u76ca\u5229\u6f64\u7387 19.8\u00a0% 23.2\u00a0% 22.6\u00a0% 275bps -69bps 19.7\u00a0% 22.2 \uff05 248bps \u00a0 2025 \u5e74\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f\u767c\u653e\u7684\u91cd\u8981\u65e5\u671f\uff1a \u8463\u4e8b\u6703\u6279\u51c6 2025 \u5e74 11 \u6708 12 \u65e5 \u6388\u6b0a\u65e5\u671f\uff08\u622a\u6b62\u8cfc\u8cb7\u65e5\u671f\uff09 2025 \u5e74 11 \u6708 20 \u65e5 \u9664\u6de8\u65e5\u671f 2025 \u5e74 11 \u6708 21 \u65e5 \u767b\u8a18\u65e5\u671f 2025 \u5e74 11 \u6708 24 \u65e5 \u9810\u671f\u6d3e\u606f\u65e5\u671f 2025 \u5e74 12 \u6708 12 \u65e5 \u00a0 \u66ff\u4ee3\u7e3e\u6548\u8861\u91cf\u6a19\u6e96\uff1a \u4e0a\u8ff0\u8ca1\u52d9\u8cc7\u8a0a\u5305\u62ec ADNOC Gas \u7684\u6309\u6bd4\u4f8b\u5408\u4f75\u5408\u8cc7\u4f01\u696d\u7684\u8ca1\u52d9\u8868\u73fe\u3002 EBITDA 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\u65e5\u6216\u4e4b\u524d\u652f\u4ed8 8.96 \u5104\u7f8e\u5143\uff09\uff0c\u52a0\u4e0a\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u73fe\u5df2\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u6b64\u8209\u63d0\u5347\u4e86\u900f\u660e\u5ea6\u4e26\u63d0\u4f9b\u4e86\u66f4\u7a69\u5b9a\u7684\u6536\u5165\uff0c\u8b93\u80a1\u6771\u80fd\u66f4\u5177\u4fe1\u5fc3\u5730\u898f\u5283\u548c\u7ba1\u7406\u8ca1\u52d9\u3002\u900f\u904e\u6295\u8cc7 ADNOC Gas\uff0c\u80a1\u6771\u53ef\u53c3\u8207\u963f\u806f\u914b\u66f4\u5ee3\u6cdb\u7684\u80fd\u6e90\u8f49\u578b\uff0c\u8207\u570b\u5bb6\u5b8f\u5927\u7684\u76ee\u6a19\u4fdd\u6301\u4e00\u81f4\u3002 \u5f37\u52c1\u73fe\u91d1\u6d41\u63a8\u52d5\u589e\u9577\u8207\u80a1\u6771\u56de\u5831 ADNOC Gas \u7a69\u5065\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u4e00\u76f4\u662f\u5176\u8ca1\u653f\u5be6\u529b\u7684\u57fa\u77f3\u3002\u516c\u53f8\u6301\u7e8c\u7522\u751f\u53ef\u89c0\u71df\u904b\u73fe\u91d1\u6d41\u7684\u80fd\u529b\uff0c\u4f7f\u5176\u6bcb\u9808\u4f9d\u8cf4\u984d\u5916\u50b5\u52d9\uff0c\u4fbf\u80fd\u70ba\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u652f\u4ed8\u548c\u91cd\u5927\u8cc7\u672c\u9805\u76ee\u63d0\u4f9b\u8cc7\u91d1\u3002 \u9019\u7a2e\u56b4\u8b39\u7684\u8ca1\u52d9\u7b56\u7565\u78ba\u4fdd ADNOC Gas \u4fdd\u6301\u5f37\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u652f\u6301\u7522\u80fd\u64f4\u5f35\u7684\u9577\u9060\u6295\u8cc7\uff0c\u4e26\u70ba\u80a1\u6771\u5e36\u4f86\u53ef\u6301\u7e8c\u7684\u50f9\u503c\u3002\u6211\u5011\u5728\u6cb9\u50f9\u504f\u4f4e\u7684\u74b0\u5883\u4e0b\u4ecd\u4fdd\u6301\u73fe\u91d1\u6d41\u97cc\u6027\uff0c\u5370\u8b49\u4e86\u6211\u5011\u5c0d\u589e\u9577\u548c\u8ca1\u52d9\u7a69\u5b9a\u6027\u7684\u627f\u8afe\u3002 \u8463\u4e8b\u6703\u5df2\u6279\u51c6\u5c07\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u518d\u6b21\u80af\u5b9a\u4e86 ADNOC Gas \u70ba\u80a1\u6771\u5be6\u73fe\u9577\u9060\u50f9\u503c\u7684\u627f\u8afe\u3002\u70ba\u9032\u4e00\u6b65\u63d0\u5347\u80a1\u6771\u50f9\u503c\uff0c\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff0c\u9996\u7b46\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8\u3002 \u4e3b\u8981\u696d\u7e3e\u6458\u8981\uff1a   \u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u7d14\u5229\uff1a 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%  \u5e74\u521d\u81f3\u4eca\u7d14\u5229\uff1a 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f  \u672c\u5730\u5929\u7136\u6c23 EBITDA\uff1a 2025 \u5e74\u7b2c\u4e09\u5b63\u70ba 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%  \u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74  \u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff1b\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8           \u767e\u842c\u7f8e\u5143    Q3 24    Q2 25    \u00a0 Q3 25    \u5e74\u589e\u7387 %    \u5b63\u589e\u7387 (QoQ) %                                 Q3 25 vs.Q3 24    Q3 25 vs.Q2 25    2024 \u5e74\u9996\u4e5d\u500b\u6708    2025 \u5e74\u9996\u4e5d\u500b\u6708    9M 25 vs.9M 24         \u6536\u5165    6,281    5,960    5,931    -6\u00a0%    0\u00a0%    18,368    17,991    -2\u00a0%         \u92b7\u552e\u6210\u672c (COGS)    -3,581    -3,205    -3,217    -10\u00a0%    0\u00a0%    -10,471    -9,877    -6\u00a0%         \u71df\u904b\u958b\u652f (Opex)    -495    -499    -537    8\u00a0%    7\u00a0%    -1,530    -1,521    -1\u00a0%         EBITDA    2,205    2,256    2,178    -1\u00a0%    -3\u00a0%    6,367    6,593    4\u00a0%         \u6de8\u6536\u76ca    1,243    1,385    1,338    8\u00a0%    -3\u00a0%    3,621    3,993    10\u00a0%         EBITDA \u5229\u6f64\u7387    35.1\uff05    37.9\u00a0%    36.7\u00a0%    161bps    -113bps    34.7\uff05    36.6\u00a0%    199bps         \u6de8\u6536\u76ca\u5229\u6f64\u7387    19.8\u00a0%    23.2\u00a0%    22.6\u00a0%    275bps    -69bps    19.7\u00a0%    22.2 \uff05    248bps         \u00a0 2025 \u5e74\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f\u767c\u653e\u7684\u91cd\u8981\u65e5\u671f\uff1a          \u8463\u4e8b\u6703\u6279\u51c6    2025 \u5e74 11 \u6708 12 \u65e5         \u6388\u6b0a\u65e5\u671f\uff08\u622a\u6b62\u8cfc\u8cb7\u65e5\u671f\uff09    2025 \u5e74 11 \u6708 20 \u65e5         \u9664\u6de8\u65e5\u671f    2025 \u5e74 11 \u6708 21 \u65e5         \u767b\u8a18\u65e5\u671f    2025 \u5e74 11 \u6708 24 \u65e5         \u9810\u671f\u6d3e\u606f\u65e5\u671f    2025 \u5e74 12 \u6708 12 \u65e5         \u00a0 \u66ff\u4ee3\u7e3e\u6548\u8861\u91cf\u6a19\u6e96\uff1a   \u4e0a\u8ff0\u8ca1\u52d9\u8cc7\u8a0a\u5305\u62ec ADNOC Gas \u7684\u6309\u6bd4\u4f8b\u5408\u4f75\u5408\u8cc7\u4f01\u696d\u7684\u8ca1\u52d9\u8868\u73fe\u3002  EBITDA \u5305\u62ec\u5408\u8cc7\u4f01\u696d\u7684\u6bd4\u4f8b\u5408\u4f75\uff0c\u4e26\u4ee3\u8868\u672a\u8a08\u5229\u606f\u3001\u7a05\u9805\u3001\u6298\u820a\u53ca\u6524\u92b7\u524d\u7684\u76c8\u5229\u3002  \u6240\u5c55\u793a\u7684\u8ca1\u52d9\u6578\u64da\u548c IFRS \u8ca1\u52d9\u5831\u8868\u4e4b\u9593\u7684\u5c0d\u8cec\uff0c\u5df2\u65bc\u7ba1\u7406\u5c64\u8a0e\u8ad6\u8207\u5206\u6790\u5831\u544a\u4e2d\u5c55\u793a\u3002  \u6ce8\u610f\u4e8b\u9805\uff1a \u672c\u516c\u544a\u5305\u542b\u6709\u95dc ADNOC Gas \u8ca1\u52d9\u72c0\u6cc1\u3001\u71df\u904b\u696d\u7e3e\u548c\u696d\u52d9\u7684\u524d\u77bb\u6027\u8072\u660e\u3002\u6240\u6709\u975e\u6b77\u53f2\u4e8b\u5be6\u7684\u9673\u8ff0\u5747\u70ba\u524d\u77bb\u6027\u9673\u8ff0\u3002\u524d\u77bb\u6027\u9673\u8ff0\u4e43\u6839\u64da\u7ba1\u7406\u5c64\u76ee\u524d\u7684\u9810\u671f\u548c\u5047\u8a2d\u800c\u5c0d\u672a\u4f86\u5c55\u671b\u4f5c\u51fa\u7684\u9673\u8ff0\uff0c\u6d89\u53ca\u5df2\u77e5\u53ca\u672a\u77e5\u7684\u98a8\u96aa\u53ca\u4e0d\u78ba\u5b9a\u6027\uff0c\u53ef\u80fd\u5c0e\u81f4\u5be6\u969b\u7d50\u679c\u3001\u8868\u73fe\u6216\u4e8b\u4ef6\u8207\u9019\u4e9b\u9673\u8ff0\u4e2d\u660e\u793a\u6216\u6697\u793a\u7684\u5167\u5bb9\u5b58\u5728\u91cd\u5927\u5dee\u7570\u3002\u672c\u516c\u53f8\u7121\u7fa9\u52d9\u56e0\u65b0\u8cc7\u8a0a\u3001\u672a\u4f86\u767c\u5c55\u6216\u5176\u4ed6\u539f\u56e0\u800c\u516c\u958b\u66f4\u65b0\u6216\u5be9\u8996\u4efb\u4f55\u524d\u77bb\u6027\u9673\u8ff0\u3002\u7d50\u679c\u53ef\u80fd\u8207\u672c\u516c\u544a\u4e2d\u6240\u8f09\u7684\u524d\u77bb\u6027\u8072\u660e\u6240\u8ff0\u3001\u6697\u793a\u6216\u63a8\u65b7\u7684\u7d50\u679c\u6709\u91cd\u5927\u4e0d\u540c\u3002\u8b80\u8005\u4e0d\u61c9\u904e\u5206\u4f9d\u8cf4\u524d\u77bb\u6027\u9673\u8ff0\u7684\u5167\u5bb9\u3002 ADNOC Gas \u7c21\u4ecb ADNOC Gas \u5df2\u65bc\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\u4ee3\u78bc\uff1a\u300cADNOCGAS\u300d\/ \u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1a\u300cAEE01195A234\u300d\uff09\uff0c\u9019\u662f\u4e00\u5bb6\u4e16\u754c\u7d1a\u7684\u5927\u578b\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u548c\u92b7\u552e\u516c\u53f8\uff0c\u904d\u53ca\u6574\u500b\u5929\u7136\u6c23\u50f9\u503c\u93c8\uff0c\u5f9e\u900f\u904e\u5927\u578b\u9577\u4e45\u7684\u5929\u7136\u6c23\u8655\u7406\u548c\u5206\u993e\u8a2d\u65bd\u63a5\u6536 ADNOC \u7684\u539f\u6599\u518d\u5230\u5c07\u7522\u54c1\u92b7\u552e\u7d66\u672c\u5730\u548c\u570b\u969b\u5ba2\u6236\u3002ADNOC Gas \u6eff\u8db3\u963f\u806f\u914b\u7d04 60% \u92b7\u552e\u5929\u7136\u6c23\u9700\u6c42\uff0c\u4e26\u5411\u8d85\u904e 20 \u500b\u570b\u5bb6\u53ca\u5730\u5340\u7d42\u7aef\u5ba2\u6236\u63d0\u4f9b\u5929\u7136\u6c23\u3002\u5982\u9700\u4e86\u89e3\u8a73\u60c5\uff0c\u8acb\u700f\u89bd\uff1awww.adnocgas.ae (X) @ADNOCGas \u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pingtungtimes.com.tw\/?p=382310","og_locale":"zh_TW","og_type":"article","og_title":"ADNOC Gas \u516c\u4f48\u6b77\u4f86\u6700\u4f73\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u5f70\u986f\u5728\u77ac\u606f\u842c\u8b8a\u5e02\u6cc1\u4e0b\u7684\u97cc\u529b\u8207\u589e\u9577 - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831","og_description":"\u7b2c\u4e09\u5b63\u7d14\u5229\u9054 13.4 \u5104\u7f8e\u5143\u5275\u7d00\u9304\uff0c\u6309\u5e74\u589e\u9577 8%\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\u672c\u5730\u5929\u7136\u6c23 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u65b0\u589e\u6309\u5b63\u6d3e\u606f\uff0c\u5f37\u5316 ADNOC Gas \u5c0d\u80a1\u6771\u7684\u627f\u8afe \u963f\u806f\u914b\u963f\u5e03\u624e\u6bd42025\u5e7411\u670815\u65e5 \/\u7f8e\u901a\u793e\/ -- \u4e16\u754c\u7d1a\u7d9c\u5408\u5929\u7136\u6c23\u52a0\u5de5\u8207\u92b7\u552e\u516c\u53f8 ADNOC Gas plc \u53ca\u5176\u5b50\u516c\u53f8\uff08\u5408\u7a31\u300cADNOC Gas\u300d\u6216\u300c\u516c\u53f8\u300d\uff09\uff08\u963f\u5e03\u624e\u6bd4\u8b49\u5238\u4ea4\u6613\u6240\uff1aADNOCGAS\uff09\uff08\u570b\u969b\u8b49\u5238\u8b58\u5225\u78bc\uff1aAEE01195A234\uff09\u4eca\u65e5\u516c\u4f48\u5176 2025 \u5e74\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u9304\u5f97\u516c\u53f8\u53f2\u4e0a\u6700\u9ad8\u7684\u7b2c\u4e09\u5b63\u7d14\u5229 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\u3002\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f\u3002\u5118\u7ba1 2025 \u5e74\u9996\u4e5d\u500b\u6708\u5e73\u5747\u6cb9\u50f9\u70ba\u6bcf\u6876 71 \u7f8e\u5143\uff0c\u4f4e\u65bc 2024 \u5e74\u540c\u671f\u7684\u6bcf\u6876 83 \u7f8e\u5143\uff0c\u516c\u53f8\u4ecd\u9304\u5f97\u4f73\u7e3e\u3002 2025 \u5e74\u7b2c\u4e09\u5b63\uff0cADNOC Gas \u7684\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u696d\u7e3e\u5275\u4e0b\u65b0\u9ad8\uff0cEBITDA \u6309\u5e74\u589e\u9577 26% \u81f3 9.14 \u5104\u7f8e\u5143\u3002\u53d7\u60e0\u65bc\u963f\u806f\u914b\u7d93\u6fdf\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u570b\u969b\u8ca8\u5e63\u57fa\u91d1\u7d44\u7e54 (IMF) \u9810\u6e2c\u5176 2025 \u5e74\u53ca 2026 \u5e74\u5c07\u5206\u5225\u589e\u9577 4.8% \u548c 5%\uff0c\u9996\u4e5d\u500b\u6708\u672c\u5730\u5929\u7136\u6c23\u92b7\u91cf\u9304\u5f97 4% \u589e\u9577\u3002\u540c\u6642\uff0c\u900f\u904e\u6210\u529f\u7684\u5408\u7d04\u91cd\u65b0\u8ac7\u5224\u5e36\u4f86\u7d50\u69cb\u6027\u6539\u5584\uff0c\u57fa\u672c\u5229\u6f64\u7387\u4ea6\u5f97\u4ee5\u63d0\u5347\u3002 ADNOC Gas \u884c\u653f\u7e3d\u88c1 Fatema Al Nuaimi \u8868\u793a\uff1a\u300c\u6211\u5011\u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u4ee5\u53ca\u5e74\u521d\u81f3\u4eca\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u5370\u8b49\u4e86\u6211\u5011\u696d\u52d9\u6a21\u5f0f\u7684\u97cc\u529b\u8207\u9069\u61c9\u80fd\u529b\u3002\u5373\u4f7f\u6cb9\u50f9\u4e0b\u8dcc\uff0c\u6211\u5011\u7684\u76c8\u5229\u80fd\u529b\u4ecd\u6301\u7e8c\u589e\u9577\u3002\u5118\u7ba1\u9762\u5c0d\u8f03\u4f4e\u7684\u6cb9\u50f9\u74b0\u5883\uff0c\u6191\u85c9\u5353\u8d8a\u71df\u904b\u548c\u66f4\u5b8c\u5584\u7684\u5546\u696d\u5354\u8b70\uff0c\u6211\u5011\u7e7c\u7e8c\u5be6\u73fe\u5f37\u52c1\u56de\u5831\u3002\u6211\u5011\u5f37\u5316\u7684\u80a1\u606f\u653f\u7b56\u53ca\u6309\u5b63\u6d3e\u606f\uff0c\u9032\u4e00\u6b65\u8868\u660e\u6211\u5011\u81f4\u529b\u70ba\u80a1\u6771\u5275\u9020\u6700\u5927\u50f9\u503c\u3002\u300d \u5728\u9577\u9060\u50f9\u503c\u548c\u7a69\u5b9a\u6027\u65b9\u9762\uff0cADNOC Gas \u63d0\u4f9b\u4e86\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u65b9\u6848\u3002\u516c\u53f8\u9ad8\u6548\u4e14\u76c8\u5229\u80fd\u529b\u5f37\uff0c\u5176\u7b2c\u4e09\u5b63\u7d14\u5229\u5275\u7d00\u9304\u9054 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\uff1b\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\uff0c\u8db3\u8b49\u6b64\u9ede\u3002\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u662f ADNOC Gas \u8ca1\u52d9\u5be6\u529b\u7684\u6838\u5fc3\uff0c\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u7684 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u3002 \u9019\u4e9b\u696d\u7e3e\u8868\u660e\uff0cADNOC Gas \u662f\u4e00\u9805\u9ad8\u56de\u5831\u6295\u8cc7\uff0c\u5177\u5099\u53ef\u9810\u6e2c\u7684\u73fe\u91d1\u6d41\u548c\u5f37\u5927\u7684\u589e\u9577\u6f5b\u529b\u3002\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff08\u5c07\u65bc 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 8.96 \u5104\u7f8e\u5143\uff09\uff0c\u52a0\u4e0a\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u73fe\u5df2\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u6b64\u8209\u63d0\u5347\u4e86\u900f\u660e\u5ea6\u4e26\u63d0\u4f9b\u4e86\u66f4\u7a69\u5b9a\u7684\u6536\u5165\uff0c\u8b93\u80a1\u6771\u80fd\u66f4\u5177\u4fe1\u5fc3\u5730\u898f\u5283\u548c\u7ba1\u7406\u8ca1\u52d9\u3002\u900f\u904e\u6295\u8cc7 ADNOC Gas\uff0c\u80a1\u6771\u53ef\u53c3\u8207\u963f\u806f\u914b\u66f4\u5ee3\u6cdb\u7684\u80fd\u6e90\u8f49\u578b\uff0c\u8207\u570b\u5bb6\u5b8f\u5927\u7684\u76ee\u6a19\u4fdd\u6301\u4e00\u81f4\u3002 \u5f37\u52c1\u73fe\u91d1\u6d41\u63a8\u52d5\u589e\u9577\u8207\u80a1\u6771\u56de\u5831 ADNOC Gas \u7a69\u5065\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u4e00\u76f4\u662f\u5176\u8ca1\u653f\u5be6\u529b\u7684\u57fa\u77f3\u3002\u516c\u53f8\u6301\u7e8c\u7522\u751f\u53ef\u89c0\u71df\u904b\u73fe\u91d1\u6d41\u7684\u80fd\u529b\uff0c\u4f7f\u5176\u6bcb\u9808\u4f9d\u8cf4\u984d\u5916\u50b5\u52d9\uff0c\u4fbf\u80fd\u70ba\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u652f\u4ed8\u548c\u91cd\u5927\u8cc7\u672c\u9805\u76ee\u63d0\u4f9b\u8cc7\u91d1\u3002 \u9019\u7a2e\u56b4\u8b39\u7684\u8ca1\u52d9\u7b56\u7565\u78ba\u4fdd ADNOC Gas \u4fdd\u6301\u5f37\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u652f\u6301\u7522\u80fd\u64f4\u5f35\u7684\u9577\u9060\u6295\u8cc7\uff0c\u4e26\u70ba\u80a1\u6771\u5e36\u4f86\u53ef\u6301\u7e8c\u7684\u50f9\u503c\u3002\u6211\u5011\u5728\u6cb9\u50f9\u504f\u4f4e\u7684\u74b0\u5883\u4e0b\u4ecd\u4fdd\u6301\u73fe\u91d1\u6d41\u97cc\u6027\uff0c\u5370\u8b49\u4e86\u6211\u5011\u5c0d\u589e\u9577\u548c\u8ca1\u52d9\u7a69\u5b9a\u6027\u7684\u627f\u8afe\u3002 \u8463\u4e8b\u6703\u5df2\u6279\u51c6\u5c07\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u518d\u6b21\u80af\u5b9a\u4e86 ADNOC Gas \u70ba\u80a1\u6771\u5be6\u73fe\u9577\u9060\u50f9\u503c\u7684\u627f\u8afe\u3002\u70ba\u9032\u4e00\u6b65\u63d0\u5347\u80a1\u6771\u50f9\u503c\uff0c\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff0c\u9996\u7b46\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8\u3002 \u4e3b\u8981\u696d\u7e3e\u6458\u8981\uff1a   \u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u7d14\u5229\uff1a 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%  \u5e74\u521d\u81f3\u4eca\u7d14\u5229\uff1a 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f  \u672c\u5730\u5929\u7136\u6c23 EBITDA\uff1a 2025 \u5e74\u7b2c\u4e09\u5b63\u70ba 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%  \u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74  \u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff1b\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8           \u767e\u842c\u7f8e\u5143    Q3 24    Q2 25    \u00a0 Q3 25    \u5e74\u589e\u7387 %    \u5b63\u589e\u7387 (QoQ) %                                 Q3 25 vs.Q3 24    Q3 25 vs.Q2 25    2024 \u5e74\u9996\u4e5d\u500b\u6708    2025 \u5e74\u9996\u4e5d\u500b\u6708    9M 25 vs.9M 24         \u6536\u5165    6,281    5,960    5,931    -6\u00a0%    0\u00a0%    18,368    17,991    -2\u00a0%         \u92b7\u552e\u6210\u672c (COGS)    -3,581    -3,205    -3,217    -10\u00a0%    0\u00a0%    -10,471    -9,877    -6\u00a0%         \u71df\u904b\u958b\u652f (Opex)    -495    -499    -537    8\u00a0%    7\u00a0%    -1,530    -1,521    -1\u00a0%         EBITDA    2,205    2,256    2,178    -1\u00a0%    -3\u00a0%    6,367    6,593    4\u00a0%         \u6de8\u6536\u76ca    1,243    1,385    1,338    8\u00a0%    -3\u00a0%    3,621    3,993    10\u00a0%         EBITDA \u5229\u6f64\u7387    35.1\uff05    37.9\u00a0%    36.7\u00a0%    161bps    -113bps    34.7\uff05    36.6\u00a0%    199bps         \u6de8\u6536\u76ca\u5229\u6f64\u7387    19.8\u00a0%    23.2\u00a0%    22.6\u00a0%    275bps    -69bps    19.7\u00a0%    22.2 \uff05    248bps         \u00a0 2025 \u5e74\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f\u767c\u653e\u7684\u91cd\u8981\u65e5\u671f\uff1a          \u8463\u4e8b\u6703\u6279\u51c6    2025 \u5e74 11 \u6708 12 \u65e5         \u6388\u6b0a\u65e5\u671f\uff08\u622a\u6b62\u8cfc\u8cb7\u65e5\u671f\uff09    2025 \u5e74 11 \u6708 20 \u65e5         \u9664\u6de8\u65e5\u671f    2025 \u5e74 11 \u6708 21 \u65e5         \u767b\u8a18\u65e5\u671f    2025 \u5e74 11 \u6708 24 \u65e5         \u9810\u671f\u6d3e\u606f\u65e5\u671f    2025 \u5e74 12 \u6708 12 \u65e5         \u00a0 \u66ff\u4ee3\u7e3e\u6548\u8861\u91cf\u6a19\u6e96\uff1a   \u4e0a\u8ff0\u8ca1\u52d9\u8cc7\u8a0a\u5305\u62ec ADNOC Gas \u7684\u6309\u6bd4\u4f8b\u5408\u4f75\u5408\u8cc7\u4f01\u696d\u7684\u8ca1\u52d9\u8868\u73fe\u3002  EBITDA \u5305\u62ec\u5408\u8cc7\u4f01\u696d\u7684\u6bd4\u4f8b\u5408\u4f75\uff0c\u4e26\u4ee3\u8868\u672a\u8a08\u5229\u606f\u3001\u7a05\u9805\u3001\u6298\u820a\u53ca\u6524\u92b7\u524d\u7684\u76c8\u5229\u3002  \u6240\u5c55\u793a\u7684\u8ca1\u52d9\u6578\u64da\u548c IFRS \u8ca1\u52d9\u5831\u8868\u4e4b\u9593\u7684\u5c0d\u8cec\uff0c\u5df2\u65bc\u7ba1\u7406\u5c64\u8a0e\u8ad6\u8207\u5206\u6790\u5831\u544a\u4e2d\u5c55\u793a\u3002  \u6ce8\u610f\u4e8b\u9805\uff1a \u672c\u516c\u544a\u5305\u542b\u6709\u95dc ADNOC Gas \u8ca1\u52d9\u72c0\u6cc1\u3001\u71df\u904b\u696d\u7e3e\u548c\u696d\u52d9\u7684\u524d\u77bb\u6027\u8072\u660e\u3002\u6240\u6709\u975e\u6b77\u53f2\u4e8b\u5be6\u7684\u9673\u8ff0\u5747\u70ba\u524d\u77bb\u6027\u9673\u8ff0\u3002\u524d\u77bb\u6027\u9673\u8ff0\u4e43\u6839\u64da\u7ba1\u7406\u5c64\u76ee\u524d\u7684\u9810\u671f\u548c\u5047\u8a2d\u800c\u5c0d\u672a\u4f86\u5c55\u671b\u4f5c\u51fa\u7684\u9673\u8ff0\uff0c\u6d89\u53ca\u5df2\u77e5\u53ca\u672a\u77e5\u7684\u98a8\u96aa\u53ca\u4e0d\u78ba\u5b9a\u6027\uff0c\u53ef\u80fd\u5c0e\u81f4\u5be6\u969b\u7d50\u679c\u3001\u8868\u73fe\u6216\u4e8b\u4ef6\u8207\u9019\u4e9b\u9673\u8ff0\u4e2d\u660e\u793a\u6216\u6697\u793a\u7684\u5167\u5bb9\u5b58\u5728\u91cd\u5927\u5dee\u7570\u3002\u672c\u516c\u53f8\u7121\u7fa9\u52d9\u56e0\u65b0\u8cc7\u8a0a\u3001\u672a\u4f86\u767c\u5c55\u6216\u5176\u4ed6\u539f\u56e0\u800c\u516c\u958b\u66f4\u65b0\u6216\u5be9\u8996\u4efb\u4f55\u524d\u77bb\u6027\u9673\u8ff0\u3002\u7d50\u679c\u53ef\u80fd\u8207\u672c\u516c\u544a\u4e2d\u6240\u8f09\u7684\u524d\u77bb\u6027\u8072\u660e\u6240\u8ff0\u3001\u6697\u793a\u6216\u63a8\u65b7\u7684\u7d50\u679c\u6709\u91cd\u5927\u4e0d\u540c\u3002\u8b80\u8005\u4e0d\u61c9\u904e\u5206\u4f9d\u8cf4\u524d\u77bb\u6027\u9673\u8ff0\u7684\u5167\u5bb9\u3002 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\u7684\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u696d\u7e3e\u5275\u4e0b\u65b0\u9ad8\uff0cEBITDA \u6309\u5e74\u589e\u9577 26% \u81f3 9.14 \u5104\u7f8e\u5143\u3002\u53d7\u60e0\u65bc\u963f\u806f\u914b\u7d93\u6fdf\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u570b\u969b\u8ca8\u5e63\u57fa\u91d1\u7d44\u7e54 (IMF) \u9810\u6e2c\u5176 2025 \u5e74\u53ca 2026 \u5e74\u5c07\u5206\u5225\u589e\u9577 4.8% \u548c 5%\uff0c\u9996\u4e5d\u500b\u6708\u672c\u5730\u5929\u7136\u6c23\u92b7\u91cf\u9304\u5f97 4% \u589e\u9577\u3002\u540c\u6642\uff0c\u900f\u904e\u6210\u529f\u7684\u5408\u7d04\u91cd\u65b0\u8ac7\u5224\u5e36\u4f86\u7d50\u69cb\u6027\u6539\u5584\uff0c\u57fa\u672c\u5229\u6f64\u7387\u4ea6\u5f97\u4ee5\u63d0\u5347\u3002 ADNOC Gas \u884c\u653f\u7e3d\u88c1 Fatema Al Nuaimi \u8868\u793a\uff1a\u300c\u6211\u5011\u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u696d\u7e3e\uff0c\u4ee5\u53ca\u5e74\u521d\u81f3\u4eca\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u5370\u8b49\u4e86\u6211\u5011\u696d\u52d9\u6a21\u5f0f\u7684\u97cc\u529b\u8207\u9069\u61c9\u80fd\u529b\u3002\u5373\u4f7f\u6cb9\u50f9\u4e0b\u8dcc\uff0c\u6211\u5011\u7684\u76c8\u5229\u80fd\u529b\u4ecd\u6301\u7e8c\u589e\u9577\u3002\u5118\u7ba1\u9762\u5c0d\u8f03\u4f4e\u7684\u6cb9\u50f9\u74b0\u5883\uff0c\u6191\u85c9\u5353\u8d8a\u71df\u904b\u548c\u66f4\u5b8c\u5584\u7684\u5546\u696d\u5354\u8b70\uff0c\u6211\u5011\u7e7c\u7e8c\u5be6\u73fe\u5f37\u52c1\u56de\u5831\u3002\u6211\u5011\u5f37\u5316\u7684\u80a1\u606f\u653f\u7b56\u53ca\u6309\u5b63\u6d3e\u606f\uff0c\u9032\u4e00\u6b65\u8868\u660e\u6211\u5011\u81f4\u529b\u70ba\u80a1\u6771\u5275\u9020\u6700\u5927\u50f9\u503c\u3002\u300d \u5728\u9577\u9060\u50f9\u503c\u548c\u7a69\u5b9a\u6027\u65b9\u9762\uff0cADNOC Gas \u63d0\u4f9b\u4e86\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u65b9\u6848\u3002\u516c\u53f8\u9ad8\u6548\u4e14\u76c8\u5229\u80fd\u529b\u5f37\uff0c\u5176\u7b2c\u4e09\u5b63\u7d14\u5229\u5275\u7d00\u9304\u9054 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8%\uff1b\u5e74\u521d\u81f3\u4eca\u7d14\u5229\u9054 39.9 \u5104\u7f8e\u5143\uff0c\u8f03 2024 \u5e74\u589e\u9577 10%\uff0c\u8db3\u8b49\u6b64\u9ede\u3002\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u662f ADNOC Gas \u8ca1\u52d9\u5be6\u529b\u7684\u6838\u5fc3\uff0c\u672c\u5730\u5929\u7136\u6c23\u696d\u52d9\u7684 EBITDA \u9054 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26%\u3002 \u9019\u4e9b\u696d\u7e3e\u8868\u660e\uff0cADNOC Gas \u662f\u4e00\u9805\u9ad8\u56de\u5831\u6295\u8cc7\uff0c\u5177\u5099\u53ef\u9810\u6e2c\u7684\u73fe\u91d1\u6d41\u548c\u5f37\u5927\u7684\u589e\u9577\u6f5b\u529b\u3002\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff08\u5c07\u65bc 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 8.96 \u5104\u7f8e\u5143\uff09\uff0c\u52a0\u4e0a\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u73fe\u5df2\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u6b64\u8209\u63d0\u5347\u4e86\u900f\u660e\u5ea6\u4e26\u63d0\u4f9b\u4e86\u66f4\u7a69\u5b9a\u7684\u6536\u5165\uff0c\u8b93\u80a1\u6771\u80fd\u66f4\u5177\u4fe1\u5fc3\u5730\u898f\u5283\u548c\u7ba1\u7406\u8ca1\u52d9\u3002\u900f\u904e\u6295\u8cc7 ADNOC Gas\uff0c\u80a1\u6771\u53ef\u53c3\u8207\u963f\u806f\u914b\u66f4\u5ee3\u6cdb\u7684\u80fd\u6e90\u8f49\u578b\uff0c\u8207\u570b\u5bb6\u5b8f\u5927\u7684\u76ee\u6a19\u4fdd\u6301\u4e00\u81f4\u3002 \u5f37\u52c1\u73fe\u91d1\u6d41\u63a8\u52d5\u589e\u9577\u8207\u80a1\u6771\u56de\u5831 ADNOC Gas \u7a69\u5065\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u4e00\u76f4\u662f\u5176\u8ca1\u653f\u5be6\u529b\u7684\u57fa\u77f3\u3002\u516c\u53f8\u6301\u7e8c\u7522\u751f\u53ef\u89c0\u71df\u904b\u73fe\u91d1\u6d41\u7684\u80fd\u529b\uff0c\u4f7f\u5176\u6bcb\u9808\u4f9d\u8cf4\u984d\u5916\u50b5\u52d9\uff0c\u4fbf\u80fd\u70ba\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u652f\u4ed8\u548c\u91cd\u5927\u8cc7\u672c\u9805\u76ee\u63d0\u4f9b\u8cc7\u91d1\u3002 \u9019\u7a2e\u56b4\u8b39\u7684\u8ca1\u52d9\u7b56\u7565\u78ba\u4fdd ADNOC Gas \u4fdd\u6301\u5f37\u5065\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\uff0c\u652f\u6301\u7522\u80fd\u64f4\u5f35\u7684\u9577\u9060\u6295\u8cc7\uff0c\u4e26\u70ba\u80a1\u6771\u5e36\u4f86\u53ef\u6301\u7e8c\u7684\u50f9\u503c\u3002\u6211\u5011\u5728\u6cb9\u50f9\u504f\u4f4e\u7684\u74b0\u5883\u4e0b\u4ecd\u4fdd\u6301\u73fe\u91d1\u6d41\u97cc\u6027\uff0c\u5370\u8b49\u4e86\u6211\u5011\u5c0d\u589e\u9577\u548c\u8ca1\u52d9\u7a69\u5b9a\u6027\u7684\u627f\u8afe\u3002 \u8463\u4e8b\u6703\u5df2\u6279\u51c6\u5c07\u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74\uff0c\u518d\u6b21\u80af\u5b9a\u4e86 ADNOC Gas \u70ba\u80a1\u6771\u5be6\u73fe\u9577\u9060\u50f9\u503c\u7684\u627f\u8afe\u3002\u70ba\u9032\u4e00\u6b65\u63d0\u5347\u80a1\u6771\u50f9\u503c\uff0c\u516c\u53f8\u81ea 2025 \u5e74\u7b2c\u4e09\u5b63\u8d77\u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff0c\u9996\u7b46\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8\u3002 \u4e3b\u8981\u696d\u7e3e\u6458\u8981\uff1a \u5275\u7d00\u9304\u7684\u7b2c\u4e09\u5b63\u7d14\u5229\uff1a 13.4 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 8% \u5e74\u521d\u81f3\u4eca\u7d14\u5229\uff1a 39.9 \u5104\u7f8e\u5143\uff0c\u512a\u65bc\u5e02\u5834\u9810\u671f \u672c\u5730\u5929\u7136\u6c23 EBITDA\uff1a 2025 \u5e74\u7b2c\u4e09\u5b63\u70ba 9.14 \u5104\u7f8e\u5143\uff0c\u6309\u5e74\u589e\u9577 26% \u5e74\u5ea6\u80a1\u606f\u589e\u9577 5% \u7684\u653f\u7b56\u5ef6\u9577\u81f3 2030 \u5e74 \u5f15\u5165\u6309\u5b63\u6d3e\u606f\uff1b\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f 8.96 \u5104\u7f8e\u5143\u5c07\u65bc 2025 \u5e74 12 \u6708 12 \u65e5\u6216\u4e4b\u524d\u652f\u4ed8 \u767e\u842c\u7f8e\u5143 Q3 24 Q2 25 \u00a0 Q3 25 \u5e74\u589e\u7387 % \u5b63\u589e\u7387 (QoQ) % Q3 25 vs.Q3 24 Q3 25 vs.Q2 25 2024 \u5e74\u9996\u4e5d\u500b\u6708 2025 \u5e74\u9996\u4e5d\u500b\u6708 9M 25 vs.9M 24 \u6536\u5165 6,281 5,960 5,931 -6\u00a0% 0\u00a0% 18,368 17,991 -2\u00a0% \u92b7\u552e\u6210\u672c (COGS) -3,581 -3,205 -3,217 -10\u00a0% 0\u00a0% -10,471 -9,877 -6\u00a0% \u71df\u904b\u958b\u652f (Opex) -495 -499 -537 8\u00a0% 7\u00a0% -1,530 -1,521 -1\u00a0% EBITDA 2,205 2,256 2,178 -1\u00a0% -3\u00a0% 6,367 6,593 4\u00a0% \u6de8\u6536\u76ca 1,243 1,385 1,338 8\u00a0% -3\u00a0% 3,621 3,993 10\u00a0% EBITDA \u5229\u6f64\u7387 35.1\uff05 37.9\u00a0% 36.7\u00a0% 161bps -113bps 34.7\uff05 36.6\u00a0% 199bps \u6de8\u6536\u76ca\u5229\u6f64\u7387 19.8\u00a0% 23.2\u00a0% 22.6\u00a0% 275bps -69bps 19.7\u00a0% 22.2 \uff05 248bps \u00a0 2025 \u5e74\u7b2c\u4e09\u5b63\u4e2d\u671f\u80a1\u606f\u767c\u653e\u7684\u91cd\u8981\u65e5\u671f\uff1a \u8463\u4e8b\u6703\u6279\u51c6 2025 \u5e74 11 \u6708 12 \u65e5 \u6388\u6b0a\u65e5\u671f\uff08\u622a\u6b62\u8cfc\u8cb7\u65e5\u671f\uff09 2025 \u5e74 11 \u6708 20 \u65e5 \u9664\u6de8\u65e5\u671f 2025 \u5e74 11 \u6708 21 \u65e5 \u767b\u8a18\u65e5\u671f 2025 \u5e74 11 \u6708 24 \u65e5 \u9810\u671f\u6d3e\u606f\u65e5\u671f 2025 \u5e74 12 \u6708 12 \u65e5 \u00a0 \u66ff\u4ee3\u7e3e\u6548\u8861\u91cf\u6a19\u6e96\uff1a \u4e0a\u8ff0\u8ca1\u52d9\u8cc7\u8a0a\u5305\u62ec ADNOC Gas \u7684\u6309\u6bd4\u4f8b\u5408\u4f75\u5408\u8cc7\u4f01\u696d\u7684\u8ca1\u52d9\u8868\u73fe\u3002 EBITDA 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