emirates7 - ADNOC Distribution has announced a strong financial performance for the first half of 2025, with double-digit growth in both EBITDA and net profit. The company recorded its highest-ever first-half EBITDA at $566 million, marking a 10 percent increase compared to the same period last year. This growth contributed to a 12.2 percent year-on-year rise in net profit, reaching $358 million.
Fuel sales also hit a record high, with volumes reaching 7.62 billion litres in H1 2025—an increase of 5.6 percent year-on-year.
CEO Bader Saeed Al Lamki attributed the solid performance to the effective implementation of the company’s 2024–2028 growth strategy, which emphasizes operational efficiency and customer-driven innovation. He highlighted that ADNOC Distribution is well-positioned for sustained, long-term growth by leveraging advanced technologies, improving operations, and expanding its service reach.
The company’s non-fuel retail segment remained a key growth driver, delivering a 14.9 percent increase in gross profit and a 10.4 percent rise in transaction volume. This trend underscores ADNOC Distribution’s strategic emphasis on diversifying income streams and addressing growing consumer demand for convenience services.
Its loyalty program, ADNOC Rewards, expanded by 19.5 percent year-on-year to nearly 2.5 million members.
ADNOC Distribution also made significant progress in expanding its physical footprint, adding 47 new service stations during the first half of the year. The company’s network now includes close to 940 stations, with many of the new sites located in Saudi Arabia. The growth there is supported by its capital-efficient Dealer Owned-Company Operated (DOCO) model, which has helped double its presence in the Kingdom from 69 to 140 stations year-on-year.
Reflecting this momentum, the company has raised its full-year target to open 60–70 new stations by the end of 2025, with 50–60 of these planned for Saudi Arabia.
In May, ADNOC Distribution launched its Voyager lubricant product range across Egypt, marking its entry into third-party retail outlets. The company aims to reach 3,000 sales points in Egypt by the end of 2026.
Progress was also made in the EV segment, with more than 300 charging points installed across the UAE under the E2GO network as of H1 2025. ADNOC Distribution remains on course to add 100 new charging points this year and to expand the network to over 500 by 2028.
On the digital front, the company introduced MEERAi—an AI-powered board advisory solution—at its latest board meeting, enhancing decision-making with real-time data insights.
Financially, ADNOC Distribution reported a strong net debt to EBITDA ratio of 0.80x, and reaffirmed its commitment to its shareholder returns policy. The company plans to maintain an annual dividend of $700 million (or a minimum of 75 percent of net profit), through 2028. Based on a share price of 3.70 as of August 6, this translates into an approximate annual yield of 6 percent. A half-year dividend of $350 million is scheduled for distribution in October 2025, pending Board approval.
Fuel sales also hit a record high, with volumes reaching 7.62 billion litres in H1 2025—an increase of 5.6 percent year-on-year.
CEO Bader Saeed Al Lamki attributed the solid performance to the effective implementation of the company’s 2024–2028 growth strategy, which emphasizes operational efficiency and customer-driven innovation. He highlighted that ADNOC Distribution is well-positioned for sustained, long-term growth by leveraging advanced technologies, improving operations, and expanding its service reach.
The company’s non-fuel retail segment remained a key growth driver, delivering a 14.9 percent increase in gross profit and a 10.4 percent rise in transaction volume. This trend underscores ADNOC Distribution’s strategic emphasis on diversifying income streams and addressing growing consumer demand for convenience services.
Its loyalty program, ADNOC Rewards, expanded by 19.5 percent year-on-year to nearly 2.5 million members.
ADNOC Distribution also made significant progress in expanding its physical footprint, adding 47 new service stations during the first half of the year. The company’s network now includes close to 940 stations, with many of the new sites located in Saudi Arabia. The growth there is supported by its capital-efficient Dealer Owned-Company Operated (DOCO) model, which has helped double its presence in the Kingdom from 69 to 140 stations year-on-year.
Reflecting this momentum, the company has raised its full-year target to open 60–70 new stations by the end of 2025, with 50–60 of these planned for Saudi Arabia.
In May, ADNOC Distribution launched its Voyager lubricant product range across Egypt, marking its entry into third-party retail outlets. The company aims to reach 3,000 sales points in Egypt by the end of 2026.
Progress was also made in the EV segment, with more than 300 charging points installed across the UAE under the E2GO network as of H1 2025. ADNOC Distribution remains on course to add 100 new charging points this year and to expand the network to over 500 by 2028.
On the digital front, the company introduced MEERAi—an AI-powered board advisory solution—at its latest board meeting, enhancing decision-making with real-time data insights.
Financially, ADNOC Distribution reported a strong net debt to EBITDA ratio of 0.80x, and reaffirmed its commitment to its shareholder returns policy. The company plans to maintain an annual dividend of $700 million (or a minimum of 75 percent of net profit), through 2028. Based on a share price of 3.70 as of August 6, this translates into an approximate annual yield of 6 percent. A half-year dividend of $350 million is scheduled for distribution in October 2025, pending Board approval.