The net profits of “ADNOC Distribution” rose to 1.31 billion dirhams in the first half of the current year, marking an increase of 12.2%. This growth can be attributed to strong core business profitability and reduced financing costs.
During this period, revenues reached 17.11 billion dirhams, showing a decline of 2.4% due to lower selling prices resulting from the decrease in crude oil prices in the first half of the current year compared to the first half of 2024.
Earnings before tax, interest, depreciation, and amortization (EBITDA) for the first half of 2025 stood at approximately 2.08 billion dirhams, representing a 10% increase compared to the same period last year, despite registering lower inventory gains of 147 million dirhams in the first half of 2025, compared to 249 million dirhams in the corresponding period of 2024.
The company announced it achieved the highest semi-annual performance ever in fuel sales, totaling 7.62 billion liters, which is a 5.6% increase year-on-year.
The company plans to distribute cash dividends amounting to 350 million dollars (1.3 billion dirhams) (10.285 fils per share) for the first half of the current year, expected to be disbursed in October, in line with its established dividend policy.
Badr Saeed Al-Lamki, the CEO of “ADNOC Distribution,” stated: “The strong results achieved by the company in the first half of 2025 affirm the successful implementation of our five-year growth strategy for 2024-2028.”
He further mentioned, “We will continue to solidify our position in the markets to achieve sustainable, long-term growth and provide substantial returns to our shareholders by adopting the latest technologies, exploring new opportunities to enhance operational efficiency, and expanding our high-quality services to reach more communities.”
The non-fuel retail sector experienced substantial growth, with total sector profits increasing by 14.9% year-on-year, while the number of transactions rose by 10.4% year-on-year during the first half of the year. Additionally, the “ADNOC Rewards” program, a customer loyalty initiative, saw a year-on-year growth of 19.5%, bringing its membership to nearly 2.5 million.
Throughout the first half, the strategic expansion of the service station network continued with the addition of 47 new stations, raising the total to approximately 940 stations. Most of the new stations are concentrated in Saudi Arabia.
The number of stations in the kingdom doubled year-on-year, increasing from 69 to 140 service stations. The company has also revised its expansion plan, aiming to increase the number of targeted stations to between 60 and 70 new stations by the end of 2025, including 50 to 60 stations in Saudi Arabia.
Dividend Plans
The company intends to distribute annual dividends of 700 million dollars (or 20.57 fils per share), which will be the greater of this amount or 75% of net profits, until 2028. Such distributions represent an annual return of approximately 6%.
Based on a share price of 3.70 as of August 6, 2025, the company anticipates distributing cash dividends of 350 million dollars for the first half of 2025 in October, pending board approval.