ADNOC Distribution profit surges 37% on record fuel volumes
Abu Dhabi: ADNOC Distribution’s net profit rose 37 per cent year on year to $791 million or Dh2.90 billion in the first nine months of 2026, the Abu Dhabi-listed fuel retailer reported on November 9. EBITDA climbed 26 per cent to Dh4.10 billion or $1.12 billion. Underlying EBITDA grew 14 per cent to Dh3.47 billion or $944 million. Gross profit increased 20 per cent to Dh6.12 billion or $1.67…
ADNOC Distribution, the Abu Dhabi-based fuel retailer, reported a significant surge in net profit and EBITDA for the first nine months of 2026. The company's net profit rose 37% to $791 million, while EBITDA increased 26% to Dh4.10 billion, or $1.12 billion. Underlying EBITDA grew 14% to Dh3.47 billion, or $944 million. Fuel volumes reached an all-time high of 11.86 billion litres, including 8.26 billion litres through retail sales.
Non-fuel retail gross profit expanded 13% to $217 million. The board approved a dividend of 5.14 fils per share, worth $175 million, or Dh643 million. ADNOC Distribution opened 71 new stations in the nine months, surpassing its full-year target ahead of schedule, and now operates 1,081 sites. Non-fuel retail contributed more to the growth than fuel retail, with convenience stores and property management playing a key role.
The company's AI-driven retail media network, Engage by ADNOC, and its eight Hub roadside sites are driving the NFR growth. ADNOC Distribution aims to expand internationally, having proposed acquiring Shell Downstream South Africa, which would make South Africa its fourth operating country. The company expects a 6% increase in earnings per share in the first year following the acquisition.
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