Sustained leadership in the UAE fuel distribution
market, continued execution momentum and
an ambitious international expansion plan.
2024 was a year of achievement, advancement, and outstanding performance. ADNOC Distribution continued to scale, innovate, and reimagine mobility and convenience retail while delivering the energy and services that drive economies, both in the UAE and beyond.
billion
Reflecting on the achievements and challenges that shaped ADNOC Distribution’s journey in 2024, we find ourselves at the crossroads of strategic victories and operational excellence. Our steadfast dedication to smart growth, innovation, and sustainability has empowered us to set new business benchmarks in 2024.
million
million
+2.4% compared to AED 34,629 million in 2023
Driven by growth in fuel volumes and an increased contribution from non-fuel retail
million
+4.8% compared to AED 3,680 million in 2023
Driven by strong operating performance despite lower inventory gains of AED 254 million in 2024, compared to inventory gains of AED 339 million in 2023
million
+6.5% compared to AED 5,836 million in 2023
Driven by strong operational performance, with record-high fuel volumes, as well as increased international and NFR contributions
million
+11.4% compared to AED 3,263 million in 2023
Highlighting strength of the company’s business fundamentals
million
-7.0% compared to AED 2,601 million in 2023
After AED 243 million impact of the newly introduced UAE corporate income tax
million
+2.4% compared to AED 2,601 million 2023
Despite lower inventory gains and higher finance costs
* EBITDA excluding Inventory movements and one-offs
**Net profit attributable to equity holders
1) EBITDA contribution excluding unallocated items of AED
-2 million
Revenue
breakdown
Gross profit
breakdown
EBITDA1
breakdown
