ADNOC Distribution delivered outstanding financial performance in the first half of 2026, with ADNOC profit reaching record levels driven by strong fuel demand, network expansion, and growth in non-fuel retail operations.
Record Financial Performance
ADNOC Distribution reported a 59% year-on-year increase in net profit, reaching $568 million in H1 2026. EBITDA rose by 39% to $786 million, reflecting robust operational efficiency and gains from inventory.
Underlying EBITDA also grew by 14% year-on-year to $603 million, highlighting the company’s consistent core performance.
Financial Highlights (USD Millions)
Gross Profit: $1,158 (+28.9%)
EBITDA: $786 (+38.8%)
Underlying EBITDA: $603 (+13.9%)
Net Profit: $568 (+58.5%)
Strong Fuel Demand and Network Expansion
Fuel volumes reached a record 7.75 billion liters during the first half, supported by resilient demand across retail and commercial segments.
The company expanded its fuel retail network to 1,045 service stations across the UAE, Saudi Arabia, and Egypt, marking an 11% increase compared to the same period last year.
Growth in High-Margin Non-Fuel Retail
The non-fuel retail (NFR) segment remained a key driver of profitability, with gross profit rising 12% year-on-year.
This growth was fueled by:
Increased customer footfall
Higher transaction volumes
Expanded food and convenience offerings
“The Hub by ADNOC” continued to redefine roadside retail, with larger formats expected to generate up to $30 million in annual EBITDA by 2030.
Investment in Sustainable Mobility
ADNOC Distribution strengthened its position in sustainable mobility by launching the region’s largest EV charging mega-hub on the E11 highway between Abu Dhabi and Dubai.
The E2GO charging network expanded by 35%, while energy consumption more than doubled compared to H1 2025. EV users powered by ADNOC infrastructure traveled 27.4 million low-emission kilometers, doubling year-on-year.
Strategic Partnerships Driving Growth
The company enhanced its retail offering through a strategic partnership with Americana Restaurants to introduce up to 200 quick-service restaurants across its network.
This initiative is expected to boost customer experience and support long-term revenue diversification.
Advancing AI and Digital Transformation
ADNOC Distribution launched “Engage by ADNOC,” the UAE’s first full-funnel retail media network in the mobility sector.
Supported by ADNOC Group’s AI and Digital Transformation program, the platform aims to create a new high-margin, data-driven revenue stream.
The company is also implementing over 20 AI initiatives across operations, contributing to the growth of the ADNOC Rewards app to nearly 2.8 million users.
Accelerating International Expansion
As part of its 2024–2028 growth strategy, ADNOC Distribution is advancing its global footprint.
In July, the company signed a definitive agreement to acquire Shell’s downstream business in South Africa for approximately $1 billion, pending regulatory approvals.
The deal is expected to increase earnings per share by 6% in the first full year after completion in 2027.
Strong Shareholder Returns
The Board approved a dividend of 5.14 fils per share for Q2 2026, equivalent to $175 million, payable in September.
Total dividends distributed since IPO will reach approximately $5.8 billion, reinforcing the company’s commitment to delivering sustainable shareholder value.
Key Dates
Last Day to Participate: August 12, 2026
Ex-Dividend Date: August 13, 2026
Record Date: August 14, 2026
Payment Date: September 1, 2026
Register to our mailing list to receive the latest news
Also follow us on the technology portal and its news in Egypt