In its latest financial report, ADNOC Distribution announced impressive operational results for the first quarter ending March 31, 2026. The growth is largely attributed to soaring fuel sales, an expanding retail sector, and a broader international footprint.
The company's EBITDA reached a record $307 million for the quarter, exhibiting an 11.7 percent increase from the same quarter last year. Furthermore, net profit experienced a substantial year-on-year rise of 20.7 percent, totaling $210 million.
This remarkable performance was bolstered by increased fuel volumes, a strong commercial segment, and growth in its non-fuel retail (NFR) operations, along with enhanced income from international markets. ADNOC Distribution emphasized that its varied operations across the UAE, Saudi Arabia, and Egypt contribute to its business resilience.
Ongoing investments in diverse sectors—ranging from fuel retail and commercial services to lubricants, convenience stores, and automotive services—remain a priority for the company. Presently, retail operations account for approximately 70 percent of the total fuel volumes, while commercial operations make up the remaining 30 percent.
Bader Saeed Al Lamki, CEO of ADNOC Distribution, stated that the company embarked on 2026 with significant momentum, even amid fluctuating market dynamics.
He noted that the expansion of their service station network and increased contributions from the non-fuel retail segment reflect the effectiveness of ADNOC Distribution’s strategic plan. Al Lamki also mentioned the company's robust balance sheet and strong cash flow position it favorably for sustainable growth and long-term value creation.
In the first quarter alone, ADNOC Distribution added 22 new service stations, bringing the network total to 1,032 stations. The company is on track to introduce an additional 60 to 70 stations throughout 2026.
Fuel sales reached an impressive 3.82 billion liters during the quarter, marking a 2.4 percent year-on-year growth.
Furthermore, the non-fuel retail sector displayed significant growth, with gross profit escalating by 10 percent compared to the previous year. Plans are also underway to launch five new locations of "The Hub by ADNOC" within 2026.
The Hub by ADNOC offers retail spaces nearly three times larger than traditional service stations, with expectations of operating 30 such locations by 2030, estimating an EBITDA contribution of $30 million.
In addition, ADNOC Distribution's Board of Directors recently approved the first quarterly dividend for 2026. Shareholders can expect to receive 5.14 fils per share in June 2026, coinciding with the launch of the company’s new quarterly dividend framework.
Following shareholder approval at its Annual General Assembly meeting in March, the company's dividend policy has been extended until 2030, ensuring annual returns of $700 million or at least 75 percent of net profit, whichever is higher. This renewed policy aims to provide investors with consistent dividend clarity and prospects for growth in future earnings.
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