ADNOC Distribution becomes first UAE fuel retailer to tap into sustainability linked financing with USD 1.5bn loan
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.
• Shareholders approve $350 million (10.285 fils per share) dividend for the second half of 2024, taking total dividends for the year to 20.57 fils per share with a 6.1% yield.
• Since its 2017 IPO, ADNOC Distribution has delivered a total shareholder return of 92%, or $7.8 billion (AED28.6 billion), through both aggregate share price growth and dividend yields.
• Record EBITDA, fuel volumes, non-fuel retail growth, and higher contributions from international operations contributed to strong 2024 performance.
• By implementing plans to add 40-50 new service stations across its network, installing 100 EV charging points in the UAE, and accelerating growth in Saudi Arabia, ADNOC Distribution is positioned for expansion in 2025 in line with its growth strategy.
• 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.
• ADNOC Distribution joins UAE Ministry of Industry and Advanced Technology’s "Muntajat Watan’na" initiative to showcase the quality and innovation of UAE-made retail products
• ADNOC Distribution will partner with UAE’s Federal Youth Authority to highlight and celebrate UAE national food and beverage brands and entrepreneurs with dedicated displays at ADNOC Oasis stores
• ADNOC Distribution operates first pop-up ADNOC Oasis exclusively featuring 100% UAE-made products at Make It In The Emirates
• Agreement with UAE-based Al Ain Farms will supply home-grown ingredients for ADNOC Oasis beverages, reinforcing local supply chains and supporting domestic industry
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.
Introduces ‘Oasis by ADNOC’ with a premium ‘On-the-Gourmet’ concept, featuring elevated food and beverage offerings.
ADNOC Oasis, an iconic Emirati brand with 379 locations across the UAE, remains one of the nation’s most beloved coffee destinations.
The refreshed brand supports ADNOC’s growing non-fuel retail business, which reported a 15% year-on-year gross profit increase in H1 2025, including a 21% rise in convenience store gross profit.
Interim dividend of 10.285 fils per share to be distributed in October 2025; last day to purchase shares to qualify is September 30, 2025
Five-year dividend policy (2024-2028) targets $700 million annually or a minimum of 75% of net profit, providing visibility on payback and potential upside from future earnings growth
Since its IPO in 2017, ADNOC Distribution has consistently delivered attractive shareholder returns, distributing $5.1 billion (AED 18.7 billion) in dividends including the H1 2025 payout
● Partnership to offer UAE customers faster, more efficient ways to order online, creating new shopping experiences that prioritize seamlessness and convenience
● Will create new revenue streams by expanding the reach of both ADNOC Oasis and noon Minutes, bringing 15-minute delivery pledge to more customers than ever before
● New noon Minutes fulfilment hubs to be placed within ADNOC Distribution service stations – the UAE’s largest network of retail locations
● ADNOC Oasis products ordered through the ADNOC Distribution App will be delivered by noon riders, bringing the UAE’s most popular convenience store brand to customers with the most advanced quick-commerce logistics in the Middle East