Latest news with #E2GO
Gulf Today
07-08-2025
- 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
Sharjah 24
07-08-2025
- 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.
Arabian Business
06-05-2025
- Automotive
- Arabian Business
ADNOC Distribution posts record Q1 2025 earnings
ADNOC Distribution, a leading UAE fuel and convenience retailer, reported a 16 per cent rise in its net profit in the first quarter of 2025 to $174 million (AED 639 million). The company also reported an 11 per cent jump in its EBITDA in Q1 this year to $275 million (AED1.01 billion), its highest first-quarter EBITDA result since its 2017 IPO. 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 said. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said the record first-quarter performance demonstrates the company's commitment to growth and delivering sustainable and innovative solutions to its customers, while creating long-term value for shareholders. 'Our outstanding Q1 2025 results, with an 11 per cent rise in EBITDA and a 16 per cent increase in net profit, highlight the company's outstanding progress against its 2024-2028 growth strategy and 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,' he said. ADNOC Distribution said it achieved its highest-ever first-quarter fuel volume of 3.7 billion liters in Q1 2025, 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 for the company, outpacing fuel growth, it said. In Q1 2025, NFR gross profit grew by 14 per cent y-o-y, driven by a 9 per cent increase in transactions, higher convenience store conversion rates, and continued strong performance in car wash, lube change, and property management services. The company said it added 20 new service stations in Q1, bringing the network-wide total to 915, up from 846 in Q1 2024, putting it on track to meet its target of 40-50 new stations by the end of 2025. Key to this expansion has been the company's focus on the large and dynamic Saudi fuel retail market, where it 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 per cent compared to Q1 2024. ADNOC Distribution also 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 per cent.
Trade Arabia
22-04-2025
- Automotive
- Trade Arabia
Adnoc Distribution to operate 500 high-power EV chargers by 2028
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging points from 53 in 2023 to over 200 in 2024. Announcing this at the Electric Vehicle Innovation Summit (EVIS 2025), Adnoc Distribution said it has set a target of operating 500 high-power chargers by 2028. The company said last year, it had reduced carbon emissions by the equivalent of more than 23 million metric tonnes. A key unit of Abu Dhabi National Oil Company, Adnoc Distribution remains the only one in the UAE currently enabling uninterrupted electric journeys thanks to its advanced infrastructure. The Mena region's largest annual event dedicated to shaping the future of electric mobility, EVIS 2025 kicked off yesterday (April 21) and will run until tomorrow. The three-day event brings together thought leaders, experts and enthusiasts to explore the latest trends and stimulate meaningful change. It features a dynamic conference, an innovative exhibition, a showcase for startup & student innovators, a tech park, a test drive area, and a dedicated OEM exhibition space. In his address at the summit, CEO Bader Saeed Al Lamki said the company continues to strengthen its position in EV mobility by developing advanced charging infrastructure and offering a smart, sustainable digital experience for customers, supporting the UAE's Net Zero by 2050 strategic initiative. Adnoc Distribution's extensive network across all emirates allows customers to travel seamlessly, supported by premium retail services during charging, including exclusive offers and shopping at Adnoc Oasis convenience stores, he stated. He pointed out that innovation and technology remained central to the company's operations, highlighting features such as real-time updates via the Adnoc app and Apple smartwatches, in addition to Plug & Charge technology powered by artificial intelligence, enabling automatic vehicle recognition and charging as soon as it is plugged in. The service also provides smart energy management and real-time predictive analytics, and integrates with Adnoc's loyalty programme while offering flexible digital payment options to enhance the customer experience, he added. Adnoc Distribution continues to expand its digital capabilities and smart services to support the national transition in the transport sector, while delivering a fast and flexible charging experience that meets the expectations of EV drivers across the country. Al Lamki said the company is showcasing the capabilities of the E2GO network at EVIS 2025 and exploring partnership opportunities with government entities, automotive manufacturers and energy providers to further contribute to Adnoc Group's decarbonisation efforts. "Adnoc Distribution plays a pivotal role in supporting the future of EV mobility, with E2GO now fully owned by the company and operating as a major charge point operator that balances customer satisfaction with investment sustainability," he stated. He said customers can now activate the Plug & Charge feature with a one-time setup, allowing them to enjoy seamless automated charging while monitoring the process through the app or smartwatches. The service is currently available for select vehicles within the E2GO network, he added.
Zawya
22-04-2025
- Automotive
- Zawya
ADNOC Distribution to operate 500 high-power EV chargers by 2028
ADNOC Distribution announced a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging points from 53 in 2023 to over 200 in 2024, with a target of operating 500 high-power chargers by 2028. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said during the Electric Vehicle Innovation Summit (EVIS 2025) that the company continues to strengthen its position in EV mobility by developing advanced charging infrastructure and offering a smart, sustainable digital experience for customers, supporting the UAE's Net Zero by 2050 strategic initiative. He said innovation and technology remain central to the company's operations, highlighting features such as real-time updates via the ADNOC app and Apple smartwatches, in addition to Plug & Charge technology powered by artificial intelligence, enabling automatic vehicle recognition and charging as soon as it is plugged in. The service also provides smart energy management and real-time predictive analytics, and integrates with ADNOC's loyalty programme while offering flexible digital payment options to enhance the customer experience. Al Lamki noted that ADNOC Distribution's extensive network across all emirates allows customers to travel seamlessly, supported by premium retail services during charging, including exclusive offers and shopping at ADNOC Oasis convenience stores. He said the company is showcasing the capabilities of the E2GO network at EVIS 2025 and exploring partnership opportunities with government entities, automotive manufacturers and energy providers to further contribute to ADNOC Group's decarbonisation efforts. ADNOC Distribution reduced carbon emissions in 2024 by the equivalent of more than 23 million metric tonnes. The company remains the only one in the UAE currently enabling uninterrupted electric journeys thanks to its advanced infrastructure. He added that ADNOC Distribution plays a pivotal role in supporting the future of EV mobility, with E2GO now fully owned by the company and operating as a major charge point operator that balances customer satisfaction with investment sustainability. Al Lamki explained that customers can activate the Plug & Charge feature with a one-time setup, allowing them to enjoy seamless automated charging while monitoring the process through the app or smartwatches. He confirmed that the service is currently available for select vehicles within the E2GO network. He concluded by saying that the company continues to expand its digital capabilities and smart services to support the national transition in the transport sector, while delivering a fast and flexible charging experience that meets the expectations of EV drivers across the country.
