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Gulf Today
6 days ago
- Business
- Gulf Today
Adnoc Distribution delivers strong H1 2025 results with 12% net profit growth
ADNOC Distribution today reported double-digit growth in its EBITDA and net profit for the first half of 2025. The company achieved its highest-ever first-half EBITDA of $566 million, up 10.0 percent year-on-year (YoY), driving a 12.2 per cent YoY increase in net profit to $358 million. The company also achieved record first-half fuel volumes of 7.62 billion litres, up 5.6 per cent YoY. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said, 'Our strong H1 2025 results demonstrate the successful execution of our 2024-28 growth strategy, driven by operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit highlights our ability to scale effectively, drive value creation, and expand our leadership in mobility and convenience retail. "By leveraging advanced technologies, unlocking new operational efficiencies, and bringing our commitment to quality to more communities than ever before, we are well-positioned to deliver sustainable, long-term growth and superior returns for our shareholders.' ADNOC Distribution's non-fuel retail business continues to drive strong growth, with a 14.9 per cent YoY increase in non-fuel retail gross profit and a 10.4 per cent YoY rise in transactions for the first half of 2025. This continued outperformance of non-fuel retail over fuel retail reinforces the company's strategic focus on diversifying revenue streams and capturing growing demand for convenience services. In addition, ADNOC Rewards, the UAE's leading fuel and convenience loyalty program, grew by 19.5 per cent YoY to nearly 2.5 million users. ADNOC Distribution continued its strategic network expansion, adding 47 new service stations in the first half of 2025, bringing its total network to nearly 940. A majority of the new stations are located in Saudi Arabia, where the company is successfully leveraging its CAPEX-light Dealer Owned-Company Operated (DOCO) business model, which is optimised for sustainable growth. The DOCO model has enabled ADNOC Distribution to double its Saudi network YoY, from 69 to 140 stations. Building on this momentum, the company has revised its expansion guidance upwards to 60-70 new stations by the end of 2025, with 50-60 of these located in Saudi Arabia. In May 2025, ADNOC Distribution launched the Voyager lubricant line nationally across Egypt, expanding its distribution to third-party retail stores for the first time. The company has set a target of 3,000 points of sale in Egypt by the end of 2026. Additionally, ADNOC Distribution's E2GO fast- and super-fast EV charging network reached a significant milestone in H1 2025, with over 300 charging points now installed across the UAE. It also targets the growing of its network to over 500 charging points by 2028. The company is on track to meet its target of adding 100 new charging points in 2025. As part of its digital transformation, ADNOC Distribution deployed MEERAi, ADNOC's AI-powered board advisory tool, at its most recent Board meeting. Designed for executive use, MEERAi delivers real-time insights, enabling faster, data-driven decisions. With robust net debt to EBITDA ratio of 0.80x at the end of H1 2025, the company remains committed to its dividend policy, ensuring clear visibility on returns. ADNOC Distribution expects an annual payout of $700 million (at 20.57 fils per share) or a minimum of 75 percent of net profit, whichever is higher, through 2028. At a share price of 3.70 as of 6th August 2025, this represents an annual yield of nearly 6 percent. A dividend of $350 million for H1 2025 is expected to be distributed in October 2025, subject to Board approval. WAM
Emirates 24/7
6 days ago
- Business
- Emirates 24/7
ADNOC Distribution delivers strong H1 2025 results with 12% net profit growth
ADNOC Distribution today reported double-digit growth in its EBITDA and net profit for the first half of 2025. The company achieved its highest-ever first-half EBITDA of $566 million, up 10.0 percent year-on-year (YoY), driving a 12.2 percent YoY increase in net profit to $358 million. The company also achieved record first-half fuel volumes of 7.62 billion litres, up 5.6 percent YoY. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said, 'Our strong H1 2025 results demonstrate the successful execution of our 2024-28 growth strategy, driven by operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit highlights our ability to scale effectively, drive value creation, and expand our leadership in mobility and convenience retail. "By leveraging advanced technologies, unlocking new operational efficiencies, and bringing our commitment to quality to more communities than ever before, we are well-positioned to deliver sustainable, long-term growth and superior returns for our shareholders.' ADNOC Distribution's non-fuel retail business continues to drive strong growth, with a 14.9 percent YoY increase in non-fuel retail gross profit and a 10.4 percent YoY rise in transactions for the first half of 2025. This continued outperformance of non-fuel retail over fuel retail reinforces the company's strategic focus on diversifying revenue streams and capturing growing demand for convenience services. In addition, ADNOC Rewards, the UAE's leading fuel and convenience loyalty program, grew by 19.5 percent YoY to nearly 2.5 million users. ADNOC Distribution continued its strategic network expansion, adding 47 new service stations in the first half of 2025, bringing its total network to nearly 940. A majority of the new stations are located in Saudi Arabia, where the company is successfully leveraging its CAPEX-light Dealer Owned-Company Operated (DOCO) business model, which is optimised for sustainable growth. The DOCO model has enabled ADNOC Distribution to double its Saudi network YoY, from 69 to 140 stations. Building on this momentum, the company has revised its expansion guidance upwards to 60-70 new stations by the end of 2025, with 50-60 of these located in Saudi Arabia. In May 2025, ADNOC Distribution launched the Voyager lubricant line nationally across Egypt, expanding its distribution to third-party retail stores for the first time. The company has set a target of 3,000 points of sale in Egypt by the end of 2026. Additionally, ADNOC Distribution's E2GO fast- and super-fast EV charging network reached a significant milestone in H1 2025, with over 300 charging points now installed across the UAE. It also targets the growing of its network to over 500 charging points by 2028. The company is on track to meet its target of adding 100 new charging points in 2025. As part of its digital transformation, ADNOC Distribution deployed MEERAi, ADNOC's AI-powered board advisory tool, at its most recent Board meeting. Designed for executive use, MEERAi delivers real-time insights, enabling faster, data-driven decisions. With robust net debt to EBITDA ratio of 0.80x at the end of H1 2025, the company remains committed to its dividend policy, ensuring clear visibility on returns. ADNOC Distribution expects an annual payout of $700 million (at 20.57 fils per share) or a minimum of 75 percent of net profit, whichever is higher, through 2028. At a share price of 3.70 as of 6th August 2025, this represents an annual yield of nearly 6 percent. A dividend of $350 million for H1 2025 is expected to be distributed in October 2025, subject to Board approval.
Sharjah 24
6 days ago
- Automotive
- Sharjah 24
ADNOC Distribution delivers strong H1 2025 results
The company also achieved record first-half fuel volumes of 7.62 billion litres, up 5.6 percent YoY. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said, 'Our strong H1 2025 results demonstrate the successful execution of our 2024-28 growth strategy, driven by operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit highlights our ability to scale effectively, drive value creation, and expand our leadership in mobility and convenience retail. "By leveraging advanced technologies, unlocking new operational efficiencies, and bringing our commitment to quality to more communities than ever before, we are well-positioned to deliver sustainable, long-term growth and superior returns for our shareholders.' ADNOC Distribution's non-fuel retail business continues to drive strong growth, with a 14.9 percent YoY increase in non-fuel retail gross profit and a 10.4 percent YoY rise in transactions for the first half of 2025. This continued outperformance of non-fuel retail over fuel retail reinforces the company's strategic focus on diversifying revenue streams and capturing growing demand for convenience services. In addition, ADNOC Rewards, the UAE's leading fuel and convenience loyalty program, grew by 19.5 percent YoY to nearly 2.5 million users. ADNOC Distribution continued its strategic network expansion, adding 47 new service stations in the first half of 2025, bringing its total network to nearly 940. A majority of the new stations are located in Saudi Arabia, where the company is successfully leveraging its CAPEX-light Dealer Owned-Company Operated (DOCO) business model, which is optimised for sustainable growth. The DOCO model has enabled ADNOC Distribution to double its Saudi network YoY, from 69 to 140 stations. Building on this momentum, the company has revised its expansion guidance upwards to 60-70 new stations by the end of 2025, with 50-60 of these located in Saudi Arabia. In May 2025, ADNOC Distribution launched the Voyager lubricant line nationally across Egypt, expanding its distribution to third-party retail stores for the first time. The company has set a target of 3,000 points of sale in Egypt by the end of 2026. Additionally, ADNOC Distribution's E2GO fast- and super-fast EV charging network reached a significant milestone in H1 2025, with over 300 charging points now installed across the UAE. It also targets the growing of its network to over 500 charging points by 2028. The company is on track to meet its target of adding 100 new charging points in 2025. As part of its digital transformation, ADNOC Distribution deployed MEERAi, ADNOC's AI-powered board advisory tool, at its most recent Board meeting. Designed for executive use, MEERAi delivers real-time insights, enabling faster, data-driven decisions. With robust net debt to EBITDA ratio of 0.80x at the end of H1 2025, the company remains committed to its dividend policy, ensuring clear visibility on returns. ADNOC Distribution expects an annual payout of $700 million (at 20.57 fils per share) or a minimum of 75 percent of net profit, whichever is higher, through 2028. At a share price of 3.70 as of 6th August 2025, this represents an annual yield of nearly 6 percent. A dividend of $350 million for H1 2025 is expected to be distributed in October 2025, subject to Board approval.
Al Etihad
6 days ago
- Business
- Al Etihad
ADNOC Distribution delivers strong H1 2025 results with 12% net profit growth
7 Aug 2025 09:08 ABU DHABI (WAM)ADNOC Distribution today reported double-digit growth in its EBITDA and net profit for the first half of 2025. The company achieved its highest-ever first-half EBITDA of $566 million, up 10.0 per cent year-on-year (YoY), driving a 12.2 per cent YoY increase in net profit to $358 company also achieved record first-half fuel volumes of 7.62 billion litres, up 5.6 per cent Saeed Al Lamki, CEO of ADNOC Distribution, said, 'Our strong H1 2025 results demonstrate the successful execution of our 2024-28 growth strategy, driven by operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit highlights our ability to scale effectively, drive value creation, and expand our leadership in mobility and convenience retail."By leveraging advanced technologies, unlocking new operational efficiencies, and bringing our commitment to quality to more communities than ever before, we are well-positioned to deliver sustainable, long-term growth and superior returns for our shareholders.'ADNOC Distribution's non-fuel retail business continues to drive strong growth, with a 14.9 per cent YoY increase in non-fuel retail gross profit and a 10.4 per cent YoY rise in transactions for the first half of 2025. This continued outperformance of non-fuel retail over fuel retail reinforces the company's strategic focus on diversifying revenue streams and capturing growing demand for convenience addition, ADNOC Rewards, the UAE's leading fuel and convenience loyalty program, grew by 19.5 per cent YoY to nearly 2.5 million Distribution continued its strategic network expansion, adding 47 new service stations in the first half of 2025, bringing its total network to nearly 940. A majority of the new stations are located in Saudi Arabia, where the company is successfully leveraging its CAPEX-light Dealer Owned-Company Operated (DOCO) business model, which is optimised for sustainable DOCO model has enabled ADNOC Distribution to double its Saudi network YoY, from 69 to 140 on this momentum, the company has revised its expansion guidance upwards to 60-70 new stations by the end of 2025, with 50-60 of these located in Saudi May 2025, ADNOC Distribution launched the Voyager lubricant line nationally across Egypt, expanding its distribution to third-party retail stores for the first time. The company has set a target of 3,000 points of sale in Egypt by the end of ADNOC Distribution's E2GO fast- and super-fast EV charging network reached a significant milestone in H1 2025, with over 300 charging points now installed across the UAE. It also aims to expand its network to over 500 charging points by 2028. The company is on track to meet its target of adding 100 new charging points in part of its digital transformation, ADNOC Distribution deployed MEERAi, ADNOC's AI-powered board advisory tool, at its most recent Board meeting. Designed for executive use, MEERAi delivers real-time insights, enabling faster, data-driven a robust net debt to EBITDA ratio of 0.80x at the end of H1 2025, the company remains committed to its dividend policy, ensuring clear visibility on returns. ADNOC Distribution expects an annual payout of $700 million (at 20.57 fils per share) or a minimum of 75 per cent of net profit, whichever is higher, through 2028. At a share price of 3.70 as of August 6, 2025, this represents an annual yield of nearly 6 per cent. A dividend of $350 million for H1 2025 is expected to be distributed in October 2025, subject to Board approval.
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%
