ADNOC Distribution produces and blends top-grade lubricants at our state-of-the-art facilities in Abu Dhabi to the highest international standards from world-renowned murban crude oil. We offer a wide range of premium products across automotive, industrial, marine and speciality.
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We offer a range of car wash services, from our state-of-the-art automated foam car wash using the latest technology to our eco-friendly waterless car wash that delivers spotlessly clean results every time.
Read moreExplore and download our latest reports and presentations including our quarterly and annual reports, and investor presentations.
Read moreExplore and download our latest reports and presentations including our quarterly and annual reports, and investor presentations.
Read more• 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
• Interim dividend, equivalent to 10.285 fils per share, to be distributed in October 2024, with September 26, 2024, set as last day for purchasing shares to qualify for payment
• Company’s new five-year dividend policy sets annual dividend of $700 million or minimum of 75% of net profit, whichever is higher, offering improved payback visibility and potential upside from future earnings growth
• Since its IPO in 2017, ADNOC Distribution has consistently delivered attractive shareholder returns, distributing $4.4 billion in dividends including the H1 2024 payout