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 moreADNOC Rewards Credit Card offers 15% value back on ADNOC purchases - delivering best-in-class returns across the UAE’s largest fuel and convenience network
First ‘The Hub by ADNOC’ opens in Shawamekh, Abu Dhabi, with six locations to open by end-2025 and expanding to 30 by 2030
With a retail footprint three times larger than traditional service stations, The Hub by ADNOC brings communities together and blends family, recreation and food with traditional services including fuel, EV charging, and car care.
‘The Hub by ADNOC’ locations expected to contribute $30 million EBITDA annually by 2030
• EBITDA reaches $275 million, up 11%, year-on-year, while net profit increases 16% year-on-year to $174 million.
• Highest-ever Q1 fuel volumes driven by retail sales in the UAE and Saudi Arabia
• Non-fuel retail gross profit grows 14% year-on-year, with improvements to convenience store conversion rate, margin, and basket size
• 20 new stations added in Q1, bringing the total network to 915, up from 846 at the end of Q1 2024, putting the Company on track to meet its target of 40-50 new stations in 2025.
Highest recorded H1 EBITDA of $566 million, up 10.0% YoY, drives 12.2% net profit growth to $358 million
Largest-ever first-half fuel volumes of 7.62 billion liters, a 5.6% YoY increase
Non-fuel retail gross profit grew 14.9% YoY in H1 2025, reflecting strong performance of convenience stores, car services, property management and lubricants businesses
The Company expects to distribute dividend of $350 million (10.285 fils per share) for the first half of 2025 in October 2025, in line with its dividend policy
Network expansion targets achieved ahead of schedule; guidance revised upwards to 60-70 new stations
Highest-ever quarterly EBITDA of $319 million in Q3 2025, up 15.9% YoY, with a net profit of $221 million, up 21.5% YoY
Record nine-month (9M) EBITDA of $885 million, up 12.0% YoY, drives net profit of $579 million, up 15.6% YoY.
9M fuel volumes up 5.9% YoY to 11.7 billion liters.
2025 network expansion target exceeded; guidance further upgraded to 90-100 new stations by year-end.
Proposed dividend policy extension to 2030, subject to shareholder approval, with more frequent, quarterly distribution from Q1 2026.
ADNOC 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.
Full-year 2021 dividend expected to be AED 2.57 billion (20.57 fils per share)
Read moreADNOC REWARDS MARKS MAJOR MILESTONE WITH ITS ONE MILLIONTH MEMBER
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