Abu dhabi: 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.
According to Emirates News Agency, 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, noted the success of their 2024-28 growth strategy, emphasizing operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit underscores the company's ability to scale and expand its leadership in mobility and convenience retail.
ADNOC Distribution's non-fuel retail business showed significant growth, with a 14.9 percent YoY increase in gross profit and a 10.4 percent rise in transactions for the first half of 2025. This performance highlights the company's strategic focus on diversifying revenue streams and meeting the growing demand for convenience services.
The ADNOC Rewards program expanded by 19.5 percent YoY, reaching nearly 2.5 million users. The company also continued its strategic network expansion, adding 47 new service stations in the first half of 2025, with the majority located in Saudi Arabia, leveraging a CAPEX-light Dealer Owned-Company Operated (DOCO) model.
This expansion led to a doubling of its Saudi network YoY, from 69 to 140 stations. ADNOC Distribution revised its expansion plans, aiming for 60-70 new stations by the end of 2025, primarily in Saudi Arabia.
The company launched the Voyager lubricant line across Egypt in May 2025, targeting 3,000 points of sale by the end of 2026. Additionally, ADNOC Distribution's E2GO EV charging network achieved over 300 charging points in the UAE, with plans to reach over 500 by 2028.
As part of its digital transformation, ADNOC Distribution implemented MEERAi, an AI-powered board advisory tool, to enhance decision-making. With a net debt to EBITDA ratio of 0.80x at the end of H1 2025, the company remains committed to its dividend policy, expecting an annual payout of $700 million or a minimum of 75 percent of net profit, whichever is higher, through 2028.
At a share price of 3.70 as of August 6, 2025, this translates to an annual yield of nearly 6 percent. A dividend of $350 million for H1 2025 is anticipated for distribution in October 2025, pending Board approval.