Latest news with #ADNOCRewards
Al Bawaba
07-05-2025
- Business
- Al Bawaba
ADNOC distribution reports highest first-quarter ebitda, with 11% year-on-year growth
ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's largest fuel and convenience retailer, today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. For the first three months of 2025, ADNOC Distribution's financial performance significantly exceeded analyst expectations. Net profit increased 16% year-on-year (y-o-y) to $174 million (AED639 million), with EBITDA increasing by 11% y-o-y to $275 million (AED1.01 billion), the company's highest first-quarter EBITDA result since its 2017 IPO. Underlying EBITDA rose 13% y-o-y to $246 million (AED 904 million). These strong results reflect growth in both fuel and non-fuel segments, driven by the Company's focus on sustainable growth and cost efficiencies. ADNOC Distribution added 20 new service stations in Q1, bringing the network-wide total to 915, up from 846 in Q1 2024 and putting the Company on track to meet its target of 40-50 new stations by the end of 2025. Key to this expansion has been ADNOC Distribution's focus on the large and dynamic Saudi fuel retail market, where the Company is able to expand quickly to meet increasing demand while minimizing CAPEX by deploying a Dealer Owned-Company Operated (DOCO) business model. In Q1 2025, ADNOC Distribution contracted 15 service stations in Saudi Arabia, growing its total network in the country to 115, up by 67% compared to Q1 2024. Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: 'Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions to our customers while creating long-term value for shareholders. Our outstanding Q1 2025 results, with an 11% rise in EBITDA and a 16% increase in net profit, highlight ADNOC Distribution's outstanding progress against our 2024-2028 growth strategy and our commitment to operational excellence. As we continue to expand our network and capabilities, adding new service stations and enhancing our customer experiences, we remain focused on capturing new opportunities and setting new benchmarks for the mobility and convenience retail industry. OPERATIONAL PERFORMANCE In Q1 2025, ADNOC Distribution achieved its highest-ever first-quarter fuel volume of 3.7 billion liters, driven by market share growth, increasing demand, and network expansion in the UAE, Saudi Arabia, and Egypt. Non-fuel retail (NFR) continues to be a key growth driver, outpacing fuel growth and allowing ADNOC Distribution to extract more value from its assets. ADNOC Rewards, the UAE's largest fuel and convenience loyalty program, now has 2.4 million members – a 19% y-o-y increase. In Q1 2025, NFR gross profit grew by 14% y-o-y, driven by a 9% increase in transactions, higher convenience store conversion rates, and continued strong performance in car wash, lube change, and property management services. ADNOC Distribution added 20 new quick-service retail outlets in Q1 2025, further cementing its position as the largest retail property network in the UAE with 1,165 units across the country. Additionally, the Company significantly expanded its E2GO public EV charging network, adding 63 new fast and super-fast charging points in Q1, bringing the total to 283 installed across the UAE -a y-o-y increase of 318%. This expansion puts ADNOC Distribution on track to meet its target of 100 additional charging points by the end of 2025, in line with a commitment to grow the network to 500+ charging points by 2028. DIVIDEND AND SHAREHOLDER RETURNS With strong and predictable free cash flow generation and disciplined capital allocation, ADNOC Distribution continues to provide best-in-class yields and transparency on returns. With a robust balance sheet and net debt to EBITDA ratio of 0.7x, the Company remains committed to its dividend policy, with a projected annual payout of $700 million (at 20.57 fils per share) or a minimum of 75% of net profit, whichever is higher, through 2028. At a share price of 3.40 as of 5 May 2025, this represents an annual yield of 6%. OUTLOOK In 2025, the Year of Community, ADNOC Distribution continues to deliver against its growth strategy as it transforms its service stations into welcoming spaces at the heart of the communities it serves while continuing to deliver sustainable shareholder value. The Company remains committed to driving operational efficiencies and sustainable growth. By accelerating its digital transformation, ADNOC Distribution is solidifying its position as the UAE's leading mobility and convenience retailer, while strategically expanding its brand presence internationally. FINANCIAL SUMMARY (USD Millions) Q1 2024 Q1 2025 % Change Gross profit 403 440 +9% EBITDA 248 275 +11% Underlying EBITDA 218 246 +13% Net profit 150 174 +16%
Al Etihad
06-05-2025
- Automotive
- Al Etihad
ADNOC Distribution reports strongest Q1 results since its IPO in 2017
6 May 2025 09:39 ABU DHABI (ALETIHAD) ADNOC Distribution reported its highest-ever first-quarter EBITDA, climbing 11% year-on-year (YoY) to $275 million (Dh1.01 billion). In a statement, the company said the net profit rose by 16% to $174 million (Dh639 million), exceeding analyst expectations and reflecting the company's expanding footprint and operational profit for Q1 2025 stood at $440 million, up 9% from the same period last year. The record results mark ADNOC Distribution's strongest first-quarter showing since its IPO in volumes reached an all-time high of 3.7 billion litres during the quarter, driven by market share gains, rising demand, and aggressive network expansion in the UAE, Saudi Arabia, and Egypt. In Saudi Arabia alone, the company contracted 15 new stations during Q1, raising its operational network in the Kingdom by 67% year-on-year to 115 non-fuel retail (NFR) segment continued to outperform, with gross profit up 14% year-on-year. The company cited a 9% increase in transactions, improved convenience store conversion rates, and growth in services such as car wash and lube change. ADNOC Rewards, the UAE's largest fuel loyalty programme, expanded to 2.4 million members—up 19% compared to Q1 2024.A total of 20 new service stations were added in Q1, bringing ADNOC Distribution's global network to 915 sites. Quick-service retail outlets also expanded by 20 units, and the company ramped up its E2GO EV charging infrastructure with 63 new points installed, raising the UAE network to 283—a 318% year-on-year on the performance, CEO Eng. Bader Saeed Al Lamki said: 'Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions to our customers while creating long-term value for shareholders. As we continue to expand our network and capabilities, we remain focused on capturing new opportunities and setting new benchmarks for the mobility and convenience retail industry.' With a low net debt-to-EBITDA ratio of 0.7x and strong cash generation, ADNOC Distribution reaffirmed its commitment to shareholder returns, maintaining its $700 million annual dividend target through 2028, which equates to a 6% yield at the current share price.
Zawya
06-05-2025
- Business
- Zawya
ADNOC Distribution reports $174mln net profit, with 16% y-o-y increase
ABU DHABI - ADNOC Distribution today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. For the first three months of 2025, ADNOC Distribution's financial performance significantly exceeded analyst expectations. Net profit increased 16 percent year-on-year (y-o-y) to $174 million (AED639 million), with EBITDA increasing by 11 percent y-o-y to $275 million (AED1.01 billion), the company's highest first-quarter EBITDA result since its 2017 IPO. Underlying EBITDA rose 13 percent y-o-y to $246 million (AED904 million). These strong results reflect growth in both fuel and non-fuel segments, driven by the company's focus on sustainable growth and cost efficiencies. ADNOC Distribution added 20 new service stations in Q1, bringing the network-wide total to 915, up from 846 in Q1 2024 and putting the company on track to meet its target of 40-50 new stations by the end of 2025. Key to this expansion has been ADNOC Distribution's focus on the large and dynamic Saudi fuel retail market, where the Company is able to expand quickly to meet increasing demand while minimising CAPEX by deploying a Dealer Owned-Company Operated (DOCO) business model. In Q1 2025, ADNOC Distribution contracted 15 service stations in Saudi Arabia, growing its total network in the country to 115, up by 67 percent compared to Q1 2024. Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said, 'Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions to our customers while creating long-term value for shareholders. Our outstanding Q1 2025 results, with an 11 percent rise in EBITDA and a 16 percent increase in net profit, highlight ADNOC Distribution's outstanding progress against our 2024-2028 growth strategy and our commitment to operational excellence. "As we continue to expand our network and capabilities, adding new service stations and enhancing our customer experiences, we remain focused on capturing new opportunities and setting new benchmarks for the mobility and convenience retail industry." In Q1 2025, ADNOC Distribution achieved its highest-ever first-quarter fuel volume of 3.7 billion litres, driven by market share growth, increasing demand, and network expansion in the UAE, Saudi Arabia, and Egypt. Non-fuel retail (NFR) continues to be a key growth driver, outpacing fuel growth and allowing ADNOC Distribution to extract more value from its assets. ADNOC Rewards, the UAE's largest fuel and convenience loyalty programme, now has 2.4 million members – a 19 percent y-o-y increase. In Q1 2025, NFR gross profit grew by 14 percent y-o-y, driven by a 9 percent increase in transactions, higher convenience store conversion rates, and continued strong performance in car wash, lube change, and property management services. ADNOC Distribution added 20 new quick-service retail outlets in Q1 2025, further cementing its position as the largest retail property network in the UAE with 1,165 units across the country. Additionally, the company significantly expanded its E2GO public EV charging network, adding 63 new fast and super-fast charging points in Q1, bringing the total to 283 installed across the UAE -a y-o-y increase of 318 percent. This expansion puts ADNOC Distribution on track to meet its target of 100 additional charging points by the end of 2025, in line with a commitment to grow the network to over 500 charging points by 2028.
Zawya
06-05-2025
- Business
- Zawya
ADNOC Distribution reports highest first-quarter EBITDA, with 11% year-on-year growth
Highest-ever Q1 fuel volumes driven by retail sales in the UAE and Saudi Arabia Non-fuel retail gross profit grows 14% year-on-year, with improvements to convenience store conversion rate, margin, and basket size 20 new stations added in Q1, bringing the total network to 915, up from 846 at the end of Q1 2024, putting the Company on track to meet its target of 40-50 new stations in 2025. Abu Dhabi, UAE: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's largest fuel and convenience retailer, today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. For the first three months of 2025, ADNOC Distribution's financial performance significantly exceeded analyst expectations. Net profit increased 16% year-on-year (y-o-y) to $174 million (AED639 million), with EBITDA increasing by 11% y-o-y to $275 million (AED1.01 billion), the company's highest first-quarter EBITDA result since its 2017 IPO. Underlying EBITDA rose 13% y-o-y to $246 million (AED 904 million). These strong results reflect growth in both fuel and non-fuel segments, driven by the Company's focus on sustainable growth and cost efficiencies. ADNOC Distribution added 20 new service stations in Q1, bringing the network-wide total to 915, up from 846 in Q1 2024 and putting the Company on track to meet its target of 40-50 new stations by the end of 2025. Key to this expansion has been ADNOC Distribution's focus on the large and dynamic Saudi fuel retail market, where the Company is able to expand quickly to meet increasing demand while minimizing CAPEX by deploying a Dealer Owned-Company Operated (DOCO) business model. In Q1 2025, ADNOC Distribution contracted 15 service stations in Saudi Arabia, growing its total network in the country to 115, up by 67% compared to Q1 2024. Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: 'Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions to our customers while creating long-term value for shareholders. Our outstanding Q1 2025 results, with an 11% rise in EBITDA and a 16% increase in net profit, highlight ADNOC Distribution's outstanding progress against our 2024-2028 growth strategy and our commitment to operational excellence. As we continue to expand our network and capabilities, adding new service stations and enhancing our customer experiences, we remain focused on capturing new opportunities and setting new benchmarks for the mobility and convenience retail industry. OPERATIONAL PERFORMANCE In Q1 2025, ADNOC Distribution achieved its highest-ever first-quarter fuel volume of 3.7 billion liters, driven by market share growth, increasing demand, and network expansion in the UAE, Saudi Arabia, and Egypt. Non-fuel retail (NFR) continues to be a key growth driver, outpacing fuel growth and allowing ADNOC Distribution to extract more value from its assets. ADNOC Rewards, the UAE's largest fuel and convenience loyalty program, now has 2.4 million members – a 19% y-o-y increase. In Q1 2025, NFR gross profit grew by 14% y-o-y, driven by a 9% increase in transactions, higher convenience store conversion rates, and continued strong performance in car wash, lube change, and property management services. ADNOC Distribution added 20 new quick-service retail outlets in Q1 2025, further cementing its position as the largest retail property network in the UAE with 1,165 units across the country. Additionally, the Company significantly expanded its E2GO public EV charging network, adding 63 new fast and super-fast charging points in Q1, bringing the total to 283 installed across the UAE -a y-o-y increase of 318%. This expansion puts ADNOC Distribution on track to meet its target of 100 additional charging points by the end of 2025, in line with a commitment to grow the network to 500+ charging points by 2028. DIVIDEND AND SHAREHOLDER RETURNS With strong and predictable free cash flow generation and disciplined capital allocation, ADNOC Distribution continues to provide best-in-class yields and transparency on returns. With a robust balance sheet and net debt to EBITDA ratio of 0.7x, the Company remains committed to its dividend policy, with a projected annual payout of $700 million (at 20.57 fils per share) or a minimum of 75% of net profit, whichever is higher, through 2028. At a share price of 3.40 as of 5 May 2025, this represents an annual yield of 6%. OUTLOOK In 2025, the Year of Community, ADNOC Distribution continues to deliver against its growth strategy as it transforms its service stations into welcoming spaces at the heart of the communities it serves while continuing to deliver sustainable shareholder value. The Company remains committed to driving operational efficiencies and sustainable growth. By accelerating its digital transformation, ADNOC Distribution is solidifying its position as the UAE's leading mobility and convenience retailer, while strategically expanding its brand presence internationally. FINANCIAL SUMMARY (USD Millions) Q1 2024 Q1 2025 % Change Gross profit 403 440 +9% EBITDA 248 275 +11% Underlying EBITDA 218 246 +13% Net profit 150 174 +16% Full results are available at: For media inquiries, please contact: media@ For investor relations, please contact: IR@ About ADNOC Distribution ADNOC Distribution is a leading mobility retailer in UAE. The Company has been providing energy for customers' journeys since 1973. Since this time, the Company has continuously been at the forefront of providing the best in customer service. Today, ADNOC Distribution enables, enhances, and energizes every customer journey thanks to digitally enabled, innovative customer experiences and high-quality non-fuel retail products. The Company operates service stations in all seven emirates in its home country, plus Saudi Arabia and Egypt, and sells lubricants in 47 countries across the world via distributors. Now in its 52nd year, ADNOC Distribution has 915 service stations, 555 in the UAE, 70 in Saudi Arabia (with 45 stations contracted and under development), and 245 in Egypt. As a non-fuel retail leader in the UAE, it operates 378 ADNOC Oasis convenience stores, 36 vehicle inspection centers, and other leading services spanning car wash, lube change, and has 283 EV charging points installed under the E2GO brand in the UAE. The Company is also the leading marketer and distributor of fuels to commercial, industrial, and government customers throughout the UAE. All figures as of 31 March 2025. ADNOC Distribution aims to be the global mobility retailer of choice, enabler of sustainable mobility, and provider of exceptional customer experiences. To find out more, visit
Al Bawaba
24-04-2025
- Automotive
- Al Bawaba
ADNOC Distribution and noon Enter Strategic Partnership to Redefine Quick-Commerce Convenience and Speed
ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's largest fuel and convenience retailer, today announced that it is entering into a strategic partnership with noon, the Middle East's leading digital ecosystem, through a Memorandum of Understanding (MoU). As part of this initiative, ADNOC Distribution and noon will explore opportunities to enhance last-mile delivery through AI-powered logistics collaboration. The collaboration was formalized at a ceremony held at ADNOC Distribution's flagship Corniche service station in Abu Dhabi, in the presence of H.E. Dr. Sultan Ahmed Al Jaber, Managing Director and Group CEO of ADNOC and Chairman of ADNOC Distribution, and H.E. Mohamed Alabbar, Founder of noon. The partnership brings together ADNOC Distribution's physical retail strength with noon's AI-enabled logistics platform, which allows noon to optimize delivery operations through smarter inventory management, personalized recommendations and real-time route planning. Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said: 'This partnership marks a new chapter in ADNOC Distribution's transformation. By combining our nationwide retail network with noon's advanced digital and logistics capabilities, we are accelerating our journey to turn service stations into smart convenience hubs—powered by technology and focused on delivering real value to our customers and shareholders.' Through this collaboration, new noon Minutes distribution centers will be placed at ADNOC Distribution service stations, reducing delivery times and expanding the reach of last-mile fulfilment across the UAE. For the first time, ADNOC Oasis products ordered via the ADNOC Distribution app will be delivered by noon riders, enhancing convenience and providing seamless digital-to-doorstep service to ADNOC customers. This collaboration will also enable targeted recommendations through the ADNOC Rewards program, demonstrating ADNOC Distribution's commitment to creating hyper-personalized experiences for its customers. Faraz Khalid, CEO of noon, said: 'Our collaboration with ADNOC Distribution is a major step forward in how we redefine convenience for customers in the UAE. By integrating our digital platforms with ADNOC Distribution's unmatched infrastructure, we will continue to deliver unmatched speed, selection and reliability to our customers across the UAE. With ADNOC Distribution as a key strategic partner, noon is stronger and even better positioned to serve our customers.' The event included a leadership walkthrough of key initiatives showcasing ADNOC Distribution's evolution into a tech-enabled retail leader, including automated EV Plug + Charge, seamless Fill & Go fueling and Click & Collect in-app ordering for ADNOC Oasis products. With 551 service stations and 373 ADNOC Oasis convenience stores across all seven emirates, ADNOC Distribution operates the most extensive mobility retail network in the UAE. The company offers a range of mobility and non-fuel services, including EV charging, car washes, and lube change, positioning it as a leader in the country's mobility retail and convenience space noon Minutes is redefining quick commerce in the region, with millions of ultra-fast deliveries across the UAE and KSA in under 15 minutes. From groceries to gadgets, it's become the go-to for everyday essentials. This new partnership with ADNOC Distribution will help bring that speed and convenience to even more people across the UAE.
