Abu dhabi: ADNOC Distribution on Friday reported a significant increase in its earnings before interest, taxes, depreciation, and amortization (EBITDA), which rose by 12.0 percent year-over-year to $885 million in the first nine months of 2025. This marks its strongest nine-month performance since the company listed in 2017, with net profit growing by 15.6 percent year-over-year to $579 million.
According to Emirates News Agency, in the third quarter of 2025, ADNOC Distribution reached a new quarterly EBITDA record of $319 million, an increase of 15.9 percent year-over-year, alongside a robust growth of 21.5 percent in net profit to $221 million, both surpassing analyst expectations. The company also achieved its highest nine-month fuel volumes in history, totaling 11.7 billion liters, and added 85 new service stations to its network, bringing the total to 977.
A large portion of these new stations are located in Saudi Arabia, where ADNOC Distribution added 72 stations, increasing its network in the Kingdom to 172-a 150 percent year-over-year increase. Having surpassed its network expansion goals, the company has revised its year-end target to 90-100 new stations by the end of 2025, up from the previous guidance of 60-70. This updated goal includes 80-90 new stations in Saudi Arabia alone.
At the recent inaugural Investor Majlis event hosted by ADNOC Group in Abu Dhabi, ADNOC Distribution announced an updated network expansion guidance to 1,150 service stations by 2028 and proposed an extension of its dividend policy to 2030, subject to shareholder approval, with payouts to occur quarterly starting from the first quarter of 2026. This renewed commitment underscores confidence in long-term growth and the company's robust financial performance and balance sheet.
Bader Saeed Al Lamki, CEO of ADNOC Distribution, emphasized that the company's record performance this year is evidence of progress in its five-year growth strategy, advancing its 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," Al Lamki said.
He further highlighted the company's confidence as reflected in revised expansion targets and the extension of the dividend policy. "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," he added.
Non-fuel retail continued its strong momentum in the third quarter of 2025, with gross profit growing by 14.7 percent year-over-year. The company achieved the highest number of non-fuel retail transactions in its history for the first nine months of the year at 39.6 million, representing a 10.2 percent year-over-year increase, as well as the highest nine-month convenience store conversion rate since 2021 at 26.2 percent, marking a year-over-year increase of 65 basis points.