Adnoc Distribution’s earnings rise to $760m

Adnoc Distribution, the Abu Dhabi-based fuel and convenience retailer, reported high double-digit earnings growth for 2025, driven by lower finance costs and growing demand for fuel.

Net profit rose by 15.4 percent year on year to AED2.8 billion ($762 million) in 2025, as revenue rose 1.2 percent annually to AED36 billion, as a result of growth in fuel volumes and higher non-fuel retail segment contribution. 

However, the topline was partially hit by lower selling prices due to lower crude oil prices in 2025 compared with 2024, the company said in a statement to the Abu Dhabi Securities Exchange on Tuesday.

The Adnoc subsidiary said fuel volumes reached 15.71 billion litres, up 4.5 percent year on year.

Adnoc Distribution added 119 service stations last year – 99 in Saudi Arabia, 17 in the UAE and 3 in Egypt, bringing its total network to 1,010. The number of fast and super-fast charging points for electric vehicles in the UAE nearly doubled year on year to 402.

Finance cost fell almost 12 percent year on year to AED403 million.

In the fourth quarter of 2025, net profit rose 15.1 percent annually to AED668 million. Revenue increased 2.7 percent to AED9.5 billion.

Adnoc Distribution plans to add 60 to 70 new stations across its network, as well as install 50 to 60 additional fast and super-fast charging points this year, the statement said.

• Adnoc’s XRG expands in Caspian with Azerbaijan gas deal
• Adnoc leases Singapore fuel oil storage for first time
• Adnoc said to be considering options in Venezuela

The company expects to introduce a quarterly dividend payment schedule from the first quarter of 2026.  In October, Adnoc Distribution paid a dividend of AED 1.3 billion for the first six months of 2025 and expects to distribute the same amount for the second half of 2025. The H2 2025 dividend is still subject to shareholders’ approval.

Adnoc owns 77 percent of the fuel distribution company, which was listed on the Abu Dhabi Securities Exchange in December 2017. The shares closed 0.5 percent lower at AED4.08 on Monday, up nearly 5 percent so far this year.