• ADNOC Distribution successfully delivered on a set of critical commitments to the capital markets in 2023, including annual EBITDA over $1 billion
• Company to share strategic growth initiatives to establish itself as a multi-energy, convenience and mobility leader
• ADNOC Distribution’s Board proposes a new dividend policy for 2024-28 setting annual dividend of $700 million or a minimum 75% of net profit, whichever is higher
• Company to host Investor Day in Abu Dhabi on Monday 26th February
ADNOC DISTRIBUTION BOARD APPROVES $350 MILLION (AED1.285 BILLION) INTERIM CASH DIVIDEND FOR FIRST SIX MONTHS OF 2023, EQUIVALENT TO 10.285 FILS PER SHARE
Read moreDividend of AED 1.285 billion (10.285 fils per share) approved for H2 2022 to bring total 2022 dividend to AED 2.57 billion (20.57 fils per share)
Read moreCompany reported EBITDA of AED 1.99 billion and Net Profit of AED 1.56 billion in the first half of 2022
Read more-Record full-year EBITDA of $1,166 million, up 11.1% YoY
-Record full-year net profit of $761 million, up 15.4% YoY, driven by growth momentum across all business verticals
-Fuel volumes increased by 4.5% YoY to 15.7 billion liters in 2025
-Non-fuel retail gross profit increased 14.4% YoY, with non-fuel retail transactions up 9.3% YoY
-Key milestone reached with network expanded to over 1000 service stations, up 13% YoY
-The company has proposed a dividend of $350 million for the second half of 2025, bringing the total 2025 dividend to $700 million
• The Company generated its highest ever Q1 EBITDA of $307 million (+11.7% YoY) and net profit of $210 million (+20.7% YoY)
• Fuel volumes reached a Q1 record of 3.82 billion liters (+2.4% YoY)
• Non-fuel retail gross profit increased 10% YoY, driven by higher customer footfall, enhanced property management, and convenience store offerings
• The Company added 22 service stations in Q1 and is on track to hit its target of 60-70 new stations in 2026
• Board of Directors approved ADNOC Distribution’s first quarterly dividend (5.14 fils per share) to be paid in June 2026