$210 million net profit " ADNOC Distribution " During the first quarter, a growth of 20.7%

3 weeks ago

3 minutes read

Abu Dhabi, May 13, 2026 – ADNOC Distribution announced today a strong financial and operational performance during the first quarter ending March 31, 2026, recording the highest first-quarter earnings before interest, taxes, depreciation and amortization in its history, at a value of $307 million, a growth of 11.7% on an annual basis.

Net profits rose to $210 million, an increase of more than 20.7% year-on-year, reflecting the strength of its operational performance and the flexibility of its business model.

This performance during the first quarter was supported by the growth in the volume of fuel quantities sold, a tangible improvement in the margins of the commercial sector, and an increase in the contribution of non-fuel retail sector activities and international operations, which reflects the flexibility and structural strength of ADNOC Distribution, resulting from the diversification of its business portfolio across its three markets in the United Arab Emirates, the Kingdom of Saudi Arabia and the Arab Republic of Egypt.

As a reflection of strategic investments over the years, the company has worked to expand its business platforms in the areas of fuel distribution, commercial activities, lubricants, retail stores, and car care services, with the retail sector accounting for about 70% of the total quantities of fuel sold, compared to 30% for the commercial sector.

Engineer Badr Saeed Al Lamki, CEO of ADNOC Distribution, said that the company began the year 2026 with strong momentum and remarkable performance that reflects the flexibility and strength of its business model and its ability to achieve sustainable, high-quality growth.

He added that the company recorded a 21% growth in net profits during the first quarter, despite the rapid fluctuations in the markets, pointing out that its growing business network and the increasing contribution of the non-fuel retail sector reflects the strength of its strategy and supports its position as a leading international company in the transportation and retail sectors.

He explained that the company, thanks to its strong ability to generate cash flows and its solid balance sheet, has high financial flexibility that enables it to continue investing in growth opportunities and creating long-term value, while ensuring the reliable provision of energy to support the requirements of daily life and enhance economic activity in the communities it serves. He expected its strong business momentum to continue during the remainder of this year, supported by its diversified business model.

In terms of expanding its station network, ADNOC Distribution added 22 new service stations during the first quarter, bringing the total number of stations in its network to 1,032 stations, making clear progress towards its goal of adding between 60 to 70 new service stations during the year 2026, which reflects its continued commitment to expanding the scope of its services and enhancing ease of access to them. In parallel, the quantities of fuel sold reached a record level during the first quarter, reaching 3.82 billion liters, achieving a growth of 2.4% on an annual basis.

The non-fuel retail sector is one of the most prominent growth drivers during the first quarter, as it achieved a growth in total profits of 10% on an annual basis.

In the context of developing on-road retail experiences, the company continues to implement expansion plans related to the “The Hub by ADNOC” concept, targeting the opening of five additional locations during 2026.

ADNOC Distribution aims to operate 30 “The Hub by ADNOC” locations by 2030, with an expected contribution to earnings before interest, taxes, depreciation and amortization of $30 million.

ADNOC Distribution’s Board of Directors approved the first quarterly dividends for the year 2026, amounting to 5.14 fils per share, to be paid in June 2026, marking the launch of the quarterly cash dividends system.

The company’s dividend policy, which was extended until 2030 following shareholder approval during the annual general assembly meeting held in March, stipulates the distribution of annual returns of $700 million, or at least 75% of net profits, whichever is higher.

This policy provides a clear and stable vision of returns over the next five years, in addition to the possibility of achieving additional dividends driven by future profit growth, which enhances the attractiveness of the stock as an investment destination with long-term value.