• Company reports record EBITDA of $790 million, with net profit reaching $501 million and robust free cash flow of $537 million, underscoring profitability and operational efficiency.
• Delivers record volume of more than 11 billion liters of fuel in the first nine months of 2024, marking a 9.2% year-on-year increase, driven by network expansion, increased mobility and growing contribution from international operations.
• Non-fuel retail gross profit rose by 13.0% year-on-year, bolstered by a 9.4% year-on-year increase in non-fuel retail transactions, supported by the Company’s network expansion and diversification efforts.
• 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
• EBITDA increases by 18% year-on-year to $248 million and net profit rises to $150 million.
• Year-on-year fuel volumes increase by 17% and non-fuel retail transactions rise by 7%, demonstrating continued momentum across both fuel and non-fuel businesses.
• ADNOC Distribution leverages AI-driven digital innovation to drive value and enhance efficiency, employing predictive fuel demand models, Fill & Go for personalized fueling, and expanding its network of EV charging points.
Solar energy to accelerate the company’s plan to decarbonize operations and reduce carbon intensity by 25% by 2030
Read moreADNOC Distribution Launches First ADNOC Branded Service Stations in Egypt as it Delivers on International Growth Strategy
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 moreBoard recommends dividend of AED 1.285 billion (10.285 fils per share) for H2 2022
Read more• Milestone underscores progress of ADNOC Distribution’s regional expansion strategy as TEME operations support economic growth in Egypt
• ADNOC Distribution to open first flagship service station in Egypt this year, offering enhanced retail and automotive services.
• Blended locally by TEME in Egypt, ADNOC Voyager lubricants will soon be available through independent distributors for the first time, expanding their reach beyond ADNOC Distribution stations.