UAE fuel retail growth boosts ADNOC Distribution profits as the company reports strong results in the first quarter. The business delivered record fuel volumes and continued expanding its network across the region.
ADNOC Distribution posted a 16% increase in net profit, reaching $174 million. Additionally, EBITDA rose 11% to $275 million, marking the highest Q1 result since the IPO. Underlying EBITDA grew by 13%, reaching $246 million.
These results reflect both fuel and non-fuel growth. The company achieved this through cost efficiency and strategic execution. Clearly, UAE fuel retail growth plays a key role in this success.
Furthermore, ADNOC Distribution added 20 new service stations during the quarter. As a result, its total network reached 915 stations, up from 846 a year earlier. The company remains on track to meet its goal of 40–50 new stations this year.
In Saudi Arabia, the company made major progress. It contracted 15 new stations, increasing its total to 115, a 67% rise. This expansion supports UAE fuel retail growth across the Gulf region. Moreover, ADNOC applies a Dealer Owned-Company Operated model to scale efficiently.
Engineer Bader Saeed Al Lamki, CEO of ADNOC Distribution, emphasized the company’s sustainable and customer-focused strategy. He highlighted record-breaking results and reaffirmed their commitment to innovation and long-term value.
In addition, ADNOC Distribution delivered its highest-ever Q1 fuel volume of 3.7 billion liters. This achievement came from network expansion, increasing demand, and market share growth. UAE fuel retail growth remains a clear driver of this upward trend.
Non-fuel retail also performed well. Gross profit rose by 14%, supported by a 9% increase in transactions. Increases in car wash, lube services, and convenience store conversions contributed significantly.
ADNOC Rewards, the UAE’s largest fuel loyalty program, now has 2.4 million members. This marks a 19% year-on-year rise. Therefore, customer engagement continues to support UAE fuel retail growth in key markets.
Moreover, the company added 20 new quick-service retail outlets in the first quarter. Its retail footprint grew to 1,165 units, making it the largest in the UAE. ADNOC also expanded its E2GO EV charging network rapidly.
In fact, the company added 63 fast chargers, growing the total to 283 across the UAE. This represents a 318% increase. The company aims to reach 500 charging points by 2028.
