ADNOC Distribution reported strong financial and operational results for the first quarter of 2026, with net profit rising 20.7 percent year-on-year to $210 million and EBITDA reaching a record $307 million, up 11.7 percent compared to the same period last year.
The company said its Q1 performance was supported by higher fuel volumes, growth in commercial operations, and stronger contributions from non-fuel retail (NFR) and international businesses across the UAE, Saudi Arabia, and Egypt.
Fuel volumes during the quarter reached a first-quarter record of 3.82 billion litres, reflecting a 2.4 percent increase year-on-year.
Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said the company entered 2026 with strong momentum despite a dynamic operating environment.
“ADNOC Distribution started 2026 with strong momentum, delivering 21 percent net profit growth in the first quarter despite the dynamic operating environment,” he said.
Al Lamki added that the company’s expanding retail network and rising contribution from non-fuel retail validate its long-term diversification strategy and reinforce its position as a leading international mobility and convenience retailer.
The company expanded its service station network by adding 22 stations during the quarter, bringing the total to 1,032. ADNOC Distribution said it remains on track to achieve its target of opening 60 to 70 new stations during 2026.
The non-fuel retail business continued to be a key growth driver, recording a 10 percent year-on-year increase in gross profit.
ADNOC Distribution also confirmed plans to open five additional The Hub by ADNOC locations in 2026. The larger-format retail concept features retail space approximately three times larger than that of traditional service stations.
The company expects to operate 30 The Hub by ADNOC locations by 2030, with an anticipated EBITDA contribution of $30 million.
Meanwhile, ADNOC Distribution’s Board of Directors approved its first 2026 quarterly dividend of 5.14 fils per share, payable in June.
The move marks the introduction of quarterly dividend distributions following shareholder approval earlier this year to extend the company’s dividend policy through 2030.
Under the updated policy, ADNOC Distribution aims to provide annual returns of $700 million or at least 75 percent of net profit, whichever is higher, offering shareholders longer-term visibility on returns and potential upside from future earnings growth.
The results reflect ADNOC Distribution’s continued expansion across fuel retail, lubricants, convenience retail, and car services, as the company strengthens its regional footprint and diversifies its revenue streams.
With inputs from WAM
