ADNOC Distribution Reports Profit of $358 Million in H1 2025

Beating analysts’ expectations, ADNOC Distribution, the UAE’s largest fuel and convenience retailer, on Thursday reported double-digit growth in its EBITDA and net profit for the first half of 2025.

The company achieved its highest-ever first-half EBITDA of $566 million, up 10% y-o-y, driving a 12.2% y-o-y increase in net profit to $358 million. It has also achieved record first-half fuel volumes of 7.62 billion litres, up 5.6% y-o-y.

The strong H1 performance marks a key milestone in ADNOC Distribution’s five-year growth strategy, which aims to deliver EBITDA growth through key strategic initiatives and focus areas by 2028, driving long-term value creation and positioning the company for sustained growth, the company said in a disclosure with Abu Dhabi Securities Exchange (ADX) this morning.

ADNOC Distribution CEO Bader Saeed Al Lamki said that the strong H1 2025 results demonstrate the successful execution of their 2024-28 growth strategy, driven by operational excellence and customer-focused innovation.

The 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, he noted.

“By leveraging advanced technologies, unlocking new operational efficiencies, and bringing our commitment to quality to more communities than ever before, we are well-positioned to deliver sustainable, long-term growth and superior returns for our shareholders,” he added.

ADNOC Distribution’s non-fuel retail business continues to drive strong growth, with a 14.9% y-o-y increase in non-fuel retail gross profit and a 10.4% YoY rise in transactions for the first half of 2025. This continued outperformance of non-fuel retail over fuel retail reinforced the company’s strategic focus on diversifying revenue streams and capturing growing demand for convenience services.

Besides, ADNOC Rewards, the UAE’s leading fuel and convenience loyalty program, grew by 19.5% y-o-y to nearly 2.5 million users.

ADNOC Distribution also continued its strategic network expansion, adding 47 new service stations in the first half of 2025, bringing its total network to nearly 940. A majority of the new stations are located in Saudi Arabia, where the company is successfully leveraging its CAPEX-light Dealer Owned-Company Operated (DOCO) business model, which is optimised for sustainable growth.

The DOCO model has enabled ADNOC Distribution to double its Saudi network y-o-y, from 69 to 140 stations.

New Stations

Building on this momentum, the company has revised its expansion guidance upwards to 60-70 new stations by the end of 2025, with 50-60 of these located in Saudi Arabia. This strategic expansion strengthens ADNOC Distribution’s regional footprint, enabling it to capitalise on the growing demand for mobility and convenience retail, fuelling its growth trajectory and enhancing shareholder value in line with its strategic goals.

In May 2025, ADNOC Distribution launched the Voyager lubricant line nationally across Egypt, expanding its distribution to third-party retail stores for the first time. The company has set a target of 3,000 points of sale in Egypt by the end of 2026, further strengthening its regional presence.
Egypt remains a core focus market for ADNOC Distribution, as it continues to expand its global footprint by exporting ADNOC Voyager, the UAE’s number one lubricant brand by market share is now exported to more than 47 countries around the world.

Additionally, ADNOC Distribution’s E2GO fast- and super-fast EV charging network reached a significant milestone in H1 2025, with over 300 charging points now installed across the UAE. It targets the growing with its target of growing the network to 500+ charging points by 2028.