ADNOC Distribution reports $791 million net profit in first 9 months

ADNOC Distribution has reported a 37 per cent year-on-year increase in net profit to $791 million in the first nine months of 2026.

EBITDA rose 26 per cent year-on-year to $1.12 billion. Underlying EBITDA increased 14 per cent year-on-year to $944 million, reflecting the company’s robust business fundamentals, with gross profit of $1.67 billion supported by higher fuel volumes, inventory gains, and growing contributions from non-fuel retail (NFR) and international operations.

Menwhile, ADNOC Distribution’s Non-Fuel Retail Gross Profit reached $217 million during the first nine months as the platform continued to grow at a double-digit rate, with a 13 per cent year-on-year, supported by the convenience store and property management verticals, as well as 15 per cent growth in ADNOC rewards membership.

The company also launched 'Engage by ADNOC', a data-driven retail media network enabled by its AI and Digital Transformation (AIDT) strategy, creating a scalable, higher-margin revenue stream.

It further added 71 new sites during the first nine months, ending with 1,081 stations, and raised its 2026 network expansion guidance to 80-90 new stations, reflecting continued execution momentum and confidence in its growth pipeline.

Alongside network expansion, ADNOC Distribution delivered record fuel volumes of 11.86 billion litres during the period, with retail volumes increasing to 8.26 billion litres.

It also expanded its E2GO electric vehicle (EV) charging network by 18 per cent year-on-year in 2026.

"We are building on this momentum to future-proof our growth by scaling higher-margin NFR opportunities and progressing our international strategy," said Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution.

"Through initiatives such as our proposed entry into South Africa, we are transforming into a leading international mobility and convenience retailer and creating long-term shareholder value," he added.