Adnoc Distribution, the UAE’s largest fuel and convenience retailer, has reported double-digit growth in its EBITDA and net profit for the first half of 2025, exceeding analyst expectations.  

The company achieved its highest-ever first-half EBITDA of $566 million, up 10% year-on-year (YoY), driving a 12.2% 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% YoY. 

The strong H1 performance marks a key milestone in Adnoc Distribution’s five-year growth strategy, which aims to deliver EBITDA growth through key strategic initiatives and focus areas by 2028, driving long-term value creation and positioning the company for sustained growth, the company said. 

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.” 

Non-fuel retail 

Adnoc Distribution’s non-fuel retail business continues to drive strong growth, with a 14.9% YoY increase in non-fuel retail gross profit and a 10.4% 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 programme, grew by 19.5% 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 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. This strategic expansion strengthens Adnoc Distribution’s regional footprint, enabling it to capitalise on the growing demand for mobility and convenience retail, fueling its growth trajectory and enhancing shareholder value in line with its strategic goals. 

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.  TradeArabia News Service