ADNOC Distribution Delivers Its Strongest EBITDA Since IPO For Q3

The company sold 11.7 billion litres of fuel, adding 85 new service stations across its network during the period, bringing its total network size to 977. A majority of these new stations are in Saudi Arabia, where ADNOC Distribution added 72 new service stations. The company’s total network in the Kingdom is now 172.

ADNOC Distribution said it has already exceeded its network expansion goals ahead of schedule and raised its year-end target to 90-100 new stations by the end of 2025, nearly 50 per cent more than previous full-year expansion guidance of 60-70. This includes 80-90 stations in Saudi Arabia alone.

For the third quarter (Q3) 2025, the company reached a new quarterly EBITDA record of $319 million, an increase of 15.9 per cent YoY. Net profit reached $221 million, up 21.5 per cent, as both EBITDA and net profit exceeded analyst expectations.

Bader Saeed Al Lamki, CEO of ADNOC Distribution, commented: “ADNOC Distribution’s record performance this year is a testament to the progress we have achieved to date against our five-year growth strategy, furthering our transformation into a mobility and convenience retail leader.

“Our strongest quarterly EBITDA ever, combined with a rapidly expanding network, demonstrates the fundamental strength of our business and a firm belief in our long-term growth prospects. This confidence is reflected in our recently revised expansion targets and the extension of our class-leading dividend policy for an additional two years.

“By focusing on non-fuel retail, including through a refreshed ‘Oasis by ADNOC’ brand and our property network, we are building a flexible mobility and convenience platform responsive to evolving customer needs, while creating sustainable, long-term value for shareholders.”

At the recent Investor Majlis event hosted by ADNOC Group in Abu Dhabi, ADNOC Distribution also announced upgraded network expansion guidance to 1,150 service stations by 2028. It also said it would extend its dividend policy to 2030, with payouts to occur on a quarterly-basis from Q1 2026.

Non-fuel retail continued to deliver strong momentum, with gross profit growing by 14.7 per cent year-on-year for Q3 2025. It secured 39.6 million non-fuel retail transactions for the first nine months, up 10.2 per cent YoY – the highest number in its history for the first nine months of the year.

These results were achieved through robust performance across convenience stores, car services, and property management, reinforcing the success of ADNOC Distribution’s diversification strategy. This has led to the company updating its guidance, anticipating a 100 per cent increase in non-fuel retail transactions by 2030 compared to 2023.

ADNOC Distribution also advanced its position as a future-ready mobility provider, with its E2GO network reaching 368 fast and super-fast EV charging points by the end of September.

In a statement, the company added: “By leveraging its strong financial position, expanding its regional footprint, and advancing its AI-native transformation, ADNOC Distribution is well-placed to capture future opportunities, strengthen long-term shareholder value, and redefine convenience and mobility across the markets it serves.”