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ADNOC Distribution Celebrates International Day of Happiness with its Employees, Partners and Customers

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ADNOC Distribution Launches Upgraded Website www.adnocdistribution.ae

ADNOC Distribution has launched an upgraded version of its website, supported by a wide array of interactive features and functionalities.

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ADNOC DISTRIBUTION DELIVERING ON ITS GROWTH STRATEGY

64 new stations opened across the UAE in 2020, with 20 in Dubai, ahead of market guidance

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Our latest news and regulatory announcements

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ADNOC DISTRIBUTION RECORDS DOUBLE-DIGIT EBITDA AND NET PROFIT GROWTH IN Q2 2024

• EBITDA increased by 15.0% year-on-year to $267 million and net profit rose by 12.9% year-on-year (YoY) to $170 million in Q2 2024

• Non-fuel retail gross profit increased by 13.5% year-on-year in Q2 2024, supported by a 10.9% growth in non-fuel transactions and a convenience store conversion rate exceeding 26% for the first time in four years

• The Company’s free cash flow stood in H1 at $488 million, representing 46.7% YoY growth

• Company expects to pay a $350 million dividend for H1 2024 in October, fully covered by the H1 cash flow.

• The company is actively pursuing over 20 innovative AI projects in 2024 and has established partnerships with leading global AI technology firms to maintain its market-leading position

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