ADNOC Distribution has today announced its financial results for the first half of the current year, reporting its highest-ever semi-annual profits before interest, taxes, depreciation, and amortization (EBITDA), which reached $566 million, marking a 10.0% year-on-year increase.
The company’s net profits for the same period grew by 12.2% year-on-year, totaling $358 million. Additionally, it achieved record fuel sales volume of 7.62 billion liters, reflecting a year-on-year growth of 5.6%.
The CEO of ADNOC Distribution, Eng. Badr Saeed Al Lamki, stated that the strong results for the first half of 2025 confirm the successful implementation of the company’s five-year growth strategy for 2024-2028. This strategy focuses on operational excellence and innovation, putting customer needs at its forefront. The consistent growth in both EBITDA and net profits showcases the company’s ability to expand efficiently, add value, and reinforce its leadership in the mobility and retail sectors.
He added that the company continues to solidify its market position to ensure sustainable, long-term growth and attractive returns for shareholders by adopting the latest technologies while exploring new opportunities to enhance operational efficiency and broaden high-quality services to reach more communities.
The non-fuel retail sector experienced significant growth, with total sector profits increasing by 14.9% year-on-year. The number of transactions rose by 10.4% year-on-year during the first half of the year. This robust and sustained performance of the non-fuel retail sector, which outpaced the fuel distribution sector, supports the company’s strategy to diversify revenue sources and meet the rising demand for retail services. Additionally, the ADNOC Rewards program grew by 19.5% year-on-year, bringing the total member count to nearly 2.5 million.
The strategic expansion of ADNOC Distribution’s service station network continued with the addition of 47 new stations, bringing the total number to approximately 940. Most of the new stations are located in Saudi Arabia. The company is adopting a low-capital-cost model with “agent-owned, company-operated” service stations designed to enhance sustainable growth, which has enabled the company to double its station count in Saudi Arabia on a year-on-year basis, from 69 to 140 service stations.
Furthermore, the company has revised its expansion plan, raising the target number of new stations to between 60 and 70 by the end of 2025, with 50 to 60 of these in Saudi Arabia. Additionally, the company announced last May the official launch of ADNOC Voyager lubricants in the Egyptian market, which are now available for the first time at various independent sales points across Egypt. The company aims to reach 3,000 sales points in the Egyptian market by the end of 2026.
In the first half of 2025, ADNOC Distribution achieved a significant milestone by expanding the E2GO network for fast and ultra-fast electric vehicle charging to over 300 charging points across the UAE, with plans to add 100 new charging points throughout 2025.
As part of its digital transformation efforts, the Board of Directors of ADNOC Distribution approved the application of “MEERAi,” a new AI tool developed by ADNOC, to assist the executive management in making informed decisions more quickly and effectively based on data.
Thanks to its robust balance sheet, with a net debt-to-EBITDA ratio of 0.80 times at the end of the first half of 2025, ADNOC Distribution continues to commit to a lucrative and transparent dividend payout policy related to returns. The company has plans to distribute annual dividends amounting to $700 million—or 20.57 fils per share, whichever is higher—up to 2028.
This distribution represents an annual yield of approximately 6%, based on the share price of $3.70 as of August 6, 2025. The company expects to distribute $350 million in cash dividends for the first half of 2025 in October, following the Board’s approval.