{
  "id": 19113316,
  "title": "Adnoc Distribution reports 36% jump in nine-month profit on fuel sales boost",
  "url": "https://urgent.news/2026/11/09/adnoc-distribution-reports-36-jump-in-nine-month-profit-on-fuel-sales-19113316",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T06:45:11.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/energy/2026/11/09/adnoc-distribution-reports-36-jump-in-nine-month-profit-on-fuel-sales-boost/"
  },
  "original_language": "en",
  "account": "Adnoc Distribution, the UAE's leading fuel and convenience retailer, has reported a remarkable 36% increase in its nine-month net income as fuel sales surged due to the opening of new stations. For the period ending in September, the company's net profit attributable to shareholders reached Dh2.9 billion ($790 million), according to a filing with the Abu Dhabi Securities Exchange. Revenue for the same period soared by over 32% to Dh35 billion, fueled by a 1.3% rise in fuel volumes to 11.86 billion litres. Strong performance from the non-fuel retail segment, coupled with rising fuel prices due to higher global oil prices, also buoyed revenue growth, the company stated.\n\nBader Al Lamki, Adnoc Distribution's CEO, highlighted the company's diversified platform and disciplined execution of its growth strategy. He expressed confidence in building on this momentum by expanding higher-margin non-fuel retail opportunities and advancing the international strategy. The company's non-fuel retail gross profit grew by 13% year-on-year to Dh217 million, driven by the success of its convenience store and property management businesses. Notably, the Hub by Adnoc, a roadside retail concept with three times the retail footprint of traditional service stations, played a pivotal role in driving growth. Adnoc Distribution aims to open 30 hub sites by 2030 to further bolster non-fuel retail revenue.\n\nDespite ongoing challenges in the Strait of Hormuz, which have led to regional economic headwinds and higher global oil prices, Adnoc Distribution remains optimistic about its growth trajectory. The company anticipates maintaining its growth momentum and has revised its 2026 network expansion target, expecting to add between 80 and 90 stations, up from the previous target of 60 to 70. Additionally, Adnoc Distribution plans to introduce between 80 and 90 electric vehicle charging points by 2026, in line with its 2026 targets of adding 50 to 60 EV charging points and maintaining capital expenditure between Dh250 million and Dh300 million.\n\nIn July, Adnoc Distribution made a significant move towards expanding its international footprint by acquiring 100% of Shell Downstream South Africa (SDSA) for an implied enterprise value of about $1 billion. The acquisition includes SDSA's network of 580 fuel stations and its wholesale fuel, aviation, and lubricants operations. The deal is expected to close in 2027, subject to regulatory approvals, and will bring South Africa into the company's portfolio of international markets, following the launch of its retail fuel stations in Saudi Arabia in 2018 and its 50% stake acquisition in TotalEnergies Marketing Egypt in 2023. Through this strategic initiative, Adnoc Distribution aims to cement its position as a leading global mobility and convenience retailer, creating long-term shareholder value.",
  "summary": "Adnoc Distribution , the UAE's largest fuel and convenience retailer, reported an annual increase of more than 36 per cent in its nine-month net income as volumes of fuel sold rose amid the opening of new stations. Net profit attributable to shareholders for the nine months to the end of September climbed to Dh2.9 billion ($790 million), Adnoc Distribution said on Monday in a filing with the Abu…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Gulf News",
        "title": "ADNOC Distribution profit surges 37% on record fuel volumes",
        "url": "https://urgent.news/2026/11/09/adnoc-distribution-profit-surges-37-on-record-fuel-volumes",
        "published": "2026-11-09T04:35:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}