ADNOC Distribution Achieves $579 Million Net Profit In First Nine Months Of 2025 With Strong Growth

ADNOC Distribution reported a 12% rise in EBITDA to $885 million for the first nine months of 2025, marking its best performance since its 2017 listing. Net profit for this period also grew by 15.6% to $579 million. In the third quarter alone, EBITDA reached a record $319 million, up 15.9%, while net profit increased by 21.5% to $221 million, surpassing analyst expectations.

Fuel volumes for the first nine months hit a historic high of 11.7 billion litres. ADNOC Distribution expanded its network by adding 85 new service stations in this period, bringing the total to 977 stations. Most new additions were in Saudi Arabia, where the company opened 72 new stations, increasing its network there by 150% year-on-year to a total of 172 stations.

The company has surpassed its initial expansion goals and now aims to open between 90 and 100 new stations by the end of 2025, up from the previous target of 60–70. This revised plan includes adding 80–90 stations in Saudi Arabia alone. At ADNOC Group's recent Investor Majlis event in Abu Dhabi, ADNOC Distribution announced plans to expand its network to 1,150 service stations by 2028.

The company also proposed extending its dividend policy until 2030, pending shareholder approval. From Q1 2026, dividends will be paid quarterly. This decision underscores confidence in sustained growth and reflects the company's strong financial health and balance sheet.

Bader Saeed Al Lamki, CEO of ADNOC Distribution, highlighted that their record-breaking performance is evidence of progress towards their five-year growth strategy. He stated: "Our strongest quarterly EBITDA ever, combined with a rapidly expanding network, demonstrates the fundamental strength of our business and a firm belief in our long-term growth prospects."

Al Lamki further noted that their confidence is evident in revised expansion targets and an extended dividend policy. By focusing on non-fuel retail through initiatives like the refreshed ‘Oasis by ADNOC’ brand, they aim to create a flexible platform that meets changing customer needs while ensuring sustainable value for shareholders.

Non-Fuel Retail Performance

The non-fuel retail segment showed strong momentum in Q3 2025 with gross profit rising by 14.7% year-on-year. The company recorded its highest number of non-fuel transactions at 39.6 million for the first nine months—a year-on-year increase of 10.2%. Additionally, convenience store conversion rates reached their highest since 2021 at 26.2%, marking an increase of 65 basis points year-on-year.

This robust performance highlights ADNOC Distribution's transformation into a leader in mobility and convenience retailing while maintaining focus on long-term shareholder value creation.

With inputs from WAM