• Company reports Y-o-Y EBITDA growth of 4.6% in 2023, and 15.4% Y-o-Y increase in underlying EBITDA
• ADNOC Distribution surpasses its 2023 target of opening 25-35 new service stations by adding 41 stations to its network
• Fuel volumes sold in GCC countries (UAE and Saudi Arabia) rise 11.8% in 2023, while non-fuel transactions grow by 12.9% Y-o-Y
• Convenience store conversion rate reaches 24.7%, up from 21.7% in 2022, supporting non-fuel gross profit growth of 19.6% Y-o-Y
• Company continued network expansion and exceeded its 2023 target to open 25-35 service stations by adding 41 new stations during the year
• Non-fuel retail business delivered approximately 12.9% year-on-year growth in number of transactions and hit a four-year-high convenience store conversion rate of 24.7%
• Company launched first phase of fast and super-fast electric vehicle charging points, reaching over 50 charging points across its UAE service stations network
• First nine ADNOC-branded service stations were launched in Egypt in 2023
Underlying EBITDA up by 9% and net profit excluding inventory movements rises over 2% Y-o-Y in H1 2023, driven by higher fuel volumes and efficiency improvements
Read moreCompany’s Q3 2023 EBITDA rises to $303 million (AED1.1 billion) and net profit increases 9% Y-o-Y to $227 million (AED835 million)
Read moreADNOC Rewards and Shukran programs offer seamless point conversion and cross-platform redemption for millions of members across the UAE
Point conversion unlocks hundreds of new offers, adding flexibility, value, and choice for customers
ADNOC Rewards is the UAE’s largest mobility and convenience loyalty program with 2.5 million members; Shukran is the Middle East’s largest loyalty program with 7 million members in the UAE
New digital channels reinforce ADNOC Distribution’s 2028 strategic target of increasing non-fuel transactions by 50%, in line with its five-year growth strategy
• Solar PV panels will be added to more than 100 service stations across Abu Dhabi, intended to avoid more than 13,000 tonnes of CO2 emissions annually.
• Milestone marks the second phase of service station solarization program following the successful installation of PV solar panels at 28 service stations in Dubai.
Breast Cancer Awareness Month
Read moreAbu Dhabi National Oil Company Distribution (ADNOC Distribution) has announced its support to the third edition of Abu Dhabi Air Expo, the leading aerospace event in the Middle East, as platinum sponsors.
Read moreIn its efforts to leverage the increasing demand for high quality lubricants, ADNOC Distribution has re-launched today its well-received engine lubricant range - ADNOC VOYAGER - in the UAE market with added value to meet the requirements of a broader range of vehicles and weather conditions.
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