Dana Gas reported a strong performance in the first nine months of 2025. The UAE-based company achieved a Dana Gas profit of $103 million, even as production in Egypt declined. The result shows the company’s growing reliance on Kurdistan’s energy sector.
In its report, Dana Gas said net profit reached AED 379 million ($103 million), compared with AED 410 million ($112 million) during the same period in 2024. Revenue fell to AED 935 million ($255 million) from AED 1,048 million ($286 million). The 8% drop was mainly due to reduced output in Egypt and lower Brent crude prices, averaging $71 per barrel versus $83 per barrel last year.
However, higher gas prices under a new Egyptian concession and stronger output from the Kurdistan Region helped cushion the impact. The company credited its success to operational excellence at the Khor Mor gas field and early completion of the KM250 expansion project in October 2025.
Therefore, the KM250 project added 250 million standard cubic feet of gas per day (mmscf/d), boosting supply for Kurdistan’s power plants. At full capacity, it could raise company revenue by up to 35%. It called the project one of Iraq’s most significant private energy milestones.
In May, the company also launched development at the nearby Chamchamal gas field, one of Iraq’s largest. Dana Gas plans to invest $160 million in developing the Chemchemal field next. It aims to drill three wells and install a testing facility to start early production by mid-2027, adding 75 mmscf/d.
Despite several drone attacks blamed on Iran-backed militias, Dana Gas continues operations. Attacks in 2024 and early 2025 caused temporary shutdowns and power disruptions across Kurdistan. Yet, the company’s resilience has reinforced investor confidence in its regional strategy.
The Dana Gas profit shows the importance of Kurdistan’s gas output for future growth. As the company expands, it expects Kurdistan projects to remain its strongest revenue source.
