ADNOC Distribution has announced its latest set of robust financial and operational results for the first half of 2025, recording a 12.2% year-on-year rise in net profit to $358 million and the highest-ever H1 EBITDA of $566 million, ensuring its earnings are up 10%.
The UAE’s largest fuel and convenience retailer also reported a 5.6% increase in fuel volumes to 7.62 billion litres – its best-ever H1 performance – as it continues to deliver on its five-year growth strategy through 2028.
“Our strong H1 2025 results demonstrate the successful execution of our 2024-28 growth strategy, driven by operational excellence and customer-focused innovation,” said Bader Saeed Al Lamki, CEO of ADNOC Distribution.
“The sustained growth in EBITDA and net profit highlights our ability to scale effectively, drive value creation, and expand our leadership in mobility and convenience retail. By leveraging advanced technologies, unlocking new operational efficiencies, and bringing our commitment to quality to more communities than ever before, we are well-positioned to deliver sustainable, long-term growth and superior returns for our shareholders.”
Growth Across Fuel and Non-Fuel Segments
The company’s non-fuel retail business, which includes convenience stores, car services, property management and lubricants, also posted a strong H1, with gross profit growing 14.9% year-on-year. Transactions rose 10.4%, while its ADNOC Rewards loyalty programme reached nearly 2.5 million users, up 19.5% year-on-year.
In terms of fuel retail, ADNOC Distribution’s strategic focus on Saudi Arabia continues to pay off. Of the 47 new stations opened in H1 2025, most were located in the Kingdom, where the company has doubled its network in the past year to 140 locations.
As a result, the company has revised its 2025 expansion target to 60–70 new stations – up from previous guidance – with 50–60 planned in Saudi Arabia.
Regional and International Expansion
In May, the company introduced its ADNOC Voyager lubricant line in Egypt, marking its retail debut in the country. ADNOC aims to reach 3,000 points of sale in Egypt by end-2026, with its lubricants now exported to over 47 countries.
Meanwhile, ADNOC Distribution’s commitment to sustainable mobility has seen its E2GO EV charging network grow to more than 300 locations across the UAE, with plans to install over 100 new charging points this year and reach more than 500 by 2028.
Technology and AI Driving Efficiency
The company continues to embrace digital innovation, leveraging AI to improve operations through tools such as predictive fuel demand modelling and personalised offerings. It also deployed MEERAi, ADNOC’s AI-powered board advisory tool, to support faster, insight-driven decision-making at the executive level.
Dividend Commitment and Outlook
With a net debt to EBITDA ratio of 0.80x, ADNOC Distribution remains committed to its shareholder return policy. A first-half dividend of $350 million (10.285 fils per share) is expected in October, in line with its guidance of $700 million annually through 2028. This implies a nearly 6% annual dividend yield at the current share price.
Backed by a resilient business model, ADNOC Distribution reiterated its annual CAPEX commitment of $250–$300 million and reaffirmed its goal to scale both regionally and internationally while unlocking new value from its assets.
