ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has reported its highest-ever first-half earnings, delivering double-digit growth in both EBITDA and net profit for the first half of 2025.
The company posted EBITDA of $566 million, a 10% year-on-year increase, and net profit of $358 million, up 12.2% from the same period last year. Fuel volumes also reached a record 7.62 billion litres, a rise of 5.6% year-on-year.
Chief Executive Bader Saeed Al Lamki said the results reflected “the successful execution” of the company’s 2024–2028 growth strategy, citing operational excellence, customer-focused innovation and expansion into new markets.
“Our sustained growth in EBITDA and net profit highlights our ability to scale effectively, drive value creation, and expand our leadership in mobility and convenience retail,” Al Lamki said.
The non-fuel retail segment continued to outperform, with gross profit rising 14.9% year-on-year and transactions up 10.4%. ADNOC Rewards, the company’s loyalty programme, grew by 19.5% to nearly 2.5 million members.
Network expansion remained a key driver, with 47 new service stations added in the first half — most of them in Saudi Arabia, where the company doubled its network from 69 to 140 stations in the past year. ADNOC now expects to open 60–70 new stations by the end of 2025, with up to 60 in Saudi Arabia under its capital-light Dealer Owned-Company Operated (DOCO) model.
Internationally, ADNOC Distribution launched its Voyager lubricant line in Egypt in May, targeting 3,000 points of sale by 2026. ADNOC Voyager, the UAE’s top lubricant brand, is now sold in more than 47 countries.
In sustainable mobility, the company’s E2GO EV charging network reached over 300 points in the UAE and remains on track to hit 500 by 2028. The 2025 target is 100 new chargers.
ADNOC Distribution is also investing in artificial intelligence, deploying predictive fuel demand models, personalised offerings, and intelligent product assortment to improve operational efficiency. The company’s board recently used MEERAi, ADNOC’s AI-powered advisory tool, to access real-time data for decision-making.
With a net debt-to-EBITDA ratio of 0.80x, the company reaffirmed its dividend policy, promising an annual payout of $700 million, or at least 75% of net profit, through 2028. A $350 million interim dividend for the first half is expected in October, pending board approval.
Backed by an annual capital expenditure plan of $250–$300 million, ADNOC Distribution said it will continue to expand in the UAE and internationally, capitalising on fuel and non-fuel growth opportunities to sustain momentum through the second half of 2025 and beyond.
