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ADNOC Distribution reported net profit of Dh2.9 billion, equivalent to $791 million, for the nine months ended September 30, representing a 37 percent increase from the prior year. The company said revenue climbed more than 32 percent to Dh35 billion during the period. Gross profit rose 20 percent to $1.67 billion while EBITDA increased 26 percent to $1.12 billion, according to the results released through the Emirates News Agency.
The company’s statement detailed record fuel sales volumes of 11.86 billion litres, including 8.26 billion litres sold through its retail network. Non-fuel retail gross profit advanced 13 percent to $217 million, supported by convenience stores, property management and a 15 percent rise in ADNOC Rewards membership, ADNOC Distribution reported. Underlying EBITDA grew 14 percent to $944 million in the nine-month period.
According to the filing with the Abu Dhabi Securities Exchange, ADNOC Distribution added 71 new stations during the first nine months, bringing its total network to 1,081 sites. The company has now raised its full-year network expansion guidance to 80 to 90 new stations after meeting its original target ahead of schedule. It also expanded its electric vehicle charging network by 18 percent and maintained plans for additional charging points this year.
The board of directors approved a third-quarter dividend of 5.14 fils per share totaling $175 million. Full-year 2026 dividends are projected to exceed $700 million, ADNOC Distribution said in the statement. This latest payout will bring total dividends distributed since the company’s 2017 initial public offering to $6 billion upon payment in December.
Bader Al Lamki, chief executive officer of ADNOC Distribution, said in the announcement, “strong nine-month performance demonstrates the breadth of our diversified platform and the disciplined execution of our growth strategy.” He added that the firm is building on this momentum to future-proof growth by scaling higher-margin non-fuel retail opportunities and progressing its international strategy. The results come as the UAE’s largest fuel retailer continues to diversify its revenue streams beyond traditional fuel sales.
