emirates7 - ADNOC Distribution today announced record-breaking results for the first quarter of 2025, with both EBITDA and fuel volumes reaching new highs, fueling double-digit year-on-year earnings growth.
In Q1 2025, the company’s financial performance surpassed analyst projections. Net profit rose by 16% year-on-year to $174 million (AED639 million), while EBITDA increased 11% year-on-year to $275 million (AED1.01 billion) — marking the highest Q1 EBITDA since its IPO in 2017. Underlying EBITDA also saw a 13% increase, reaching $246 million (AED904 million).
These strong results were supported by robust performance in both fuel and non-fuel segments, driven by ADNOC Distribution’s strategic emphasis on sustainable growth and cost efficiency.
The company added 20 new service stations during the quarter, raising its total to 915 — up from 846 in Q1 2024 — and is on track to meet its full-year goal of opening 40–50 new locations by the end of 2025.
A key driver of this expansion is the company’s targeted growth in Saudi Arabia’s rapidly developing fuel retail sector. By leveraging a Dealer Owned-Company Operated (DOCO) model, ADNOC Distribution is able to scale operations efficiently while keeping capital expenditure low. In Q1 alone, 15 new Saudi contracts were signed, boosting its presence in the Kingdom to 115 service stations — a 67% increase from the same period last year.
CEO Eng. Bader Saeed Al Lamki commented, “Our record Q1 performance underlines our focus on growth, innovation, and long-term shareholder value. The 11% rise in EBITDA and 16% increase in net profit reflect our continued success in executing our 2024–2028 growth strategy and our dedication to operational excellence.
“As we expand our network and enhance our service offerings, we are committed to seizing new growth opportunities and setting industry benchmarks in mobility and retail convenience.”
ADNOC Distribution also recorded its highest-ever Q1 fuel volume of 3.7 billion litres, driven by rising demand and increased market share in the UAE, Saudi Arabia, and Egypt. The non-fuel retail segment (NFR) remains a major growth area, outpacing fuel sales and unlocking further value from existing assets.
Its loyalty program, ADNOC Rewards, now boasts 2.4 million members — a 19% year-on-year increase. NFR gross profit grew by 14% year-on-year, propelled by a 9% rise in transactions, better in-store conversion, and solid performance in car wash, oil change, and property management services.
The company also expanded its retail footprint by launching 20 new quick-service retail units in Q1 2025, strengthening its lead as the largest retail property operator in the UAE, with a total of 1,165 units.
In line with its sustainability goals, ADNOC Distribution significantly expanded its E2GO public EV charging network. It added 63 fast and super-fast charging stations in Q1, bringing the total number of charging points in the UAE to 283 — a year-on-year increase of 318%. The company remains on track to install an additional 100 chargers by the end of 2025, aiming for over 500 by 2028.
In Q1 2025, the company’s financial performance surpassed analyst projections. Net profit rose by 16% year-on-year to $174 million (AED639 million), while EBITDA increased 11% year-on-year to $275 million (AED1.01 billion) — marking the highest Q1 EBITDA since its IPO in 2017. Underlying EBITDA also saw a 13% increase, reaching $246 million (AED904 million).
These strong results were supported by robust performance in both fuel and non-fuel segments, driven by ADNOC Distribution’s strategic emphasis on sustainable growth and cost efficiency.
The company added 20 new service stations during the quarter, raising its total to 915 — up from 846 in Q1 2024 — and is on track to meet its full-year goal of opening 40–50 new locations by the end of 2025.
A key driver of this expansion is the company’s targeted growth in Saudi Arabia’s rapidly developing fuel retail sector. By leveraging a Dealer Owned-Company Operated (DOCO) model, ADNOC Distribution is able to scale operations efficiently while keeping capital expenditure low. In Q1 alone, 15 new Saudi contracts were signed, boosting its presence in the Kingdom to 115 service stations — a 67% increase from the same period last year.
CEO Eng. Bader Saeed Al Lamki commented, “Our record Q1 performance underlines our focus on growth, innovation, and long-term shareholder value. The 11% rise in EBITDA and 16% increase in net profit reflect our continued success in executing our 2024–2028 growth strategy and our dedication to operational excellence.
“As we expand our network and enhance our service offerings, we are committed to seizing new growth opportunities and setting industry benchmarks in mobility and retail convenience.”
ADNOC Distribution also recorded its highest-ever Q1 fuel volume of 3.7 billion litres, driven by rising demand and increased market share in the UAE, Saudi Arabia, and Egypt. The non-fuel retail segment (NFR) remains a major growth area, outpacing fuel sales and unlocking further value from existing assets.
Its loyalty program, ADNOC Rewards, now boasts 2.4 million members — a 19% year-on-year increase. NFR gross profit grew by 14% year-on-year, propelled by a 9% rise in transactions, better in-store conversion, and solid performance in car wash, oil change, and property management services.
The company also expanded its retail footprint by launching 20 new quick-service retail units in Q1 2025, strengthening its lead as the largest retail property operator in the UAE, with a total of 1,165 units.
In line with its sustainability goals, ADNOC Distribution significantly expanded its E2GO public EV charging network. It added 63 fast and super-fast charging stations in Q1, bringing the total number of charging points in the UAE to 283 — a year-on-year increase of 318%. The company remains on track to install an additional 100 chargers by the end of 2025, aiming for over 500 by 2028.