ADNOC Distribution said in a statement that it delivered a record net profit of $568 million in the first half of 2026 marking a 59 percent increase from the same period a year earlier while reported EBITDA rose 39 percent to $786 million. The company detailed how underlying EBITDA advanced 14 percent to $603 million with gross profit climbing nearly 29 percent to $1.158 billion supported by resilient demand inventory gains and higher-margin activities. Fuel volumes reached a record 7.75 billion liters as the retail network grew 11 percent to 1,045 stations spanning the UAE Saudi Arabia and Egypt according to the August 5 statement.
ADNOC Distribution’s 2025 integrated report placed full-year net profit at $761 million up 15.4 percent from the previous year with EBITDA reaching $1.166 billion for an 11.1 percent gain that built the platform for continued expansion. The first-half performance featured a 12 percent rise in non-fuel retail gross profit driven by increased footfall at larger-format sites and an enhanced food and convenience selection. The Hub by ADNOC concept with its tripled retail footprint is projected to generate $30 million in annual EBITDA by 2030 the company added in the release.
Eng. Bader Saeed Al Lamki chief executive officer of ADNOC Distribution said in the statement “Despite a dynamic macroeconomic environment ADNOC Distribution delivered another record performance in the first half of 2026 demonstrating the resilience of our diversified business model and the strength of our growth strategy.” Al Lamki noted that the company is scaling higher-margin opportunities in non-fuel retail while strengthening its core fuel business with further innovation and digital revenue streams planned. The statement highlighted advancement of the proposed $1 billion acquisition of Shell Downstream South Africa which is expected to deliver a 6 percent earnings-per-share uplift in its first full year after a 2027 closing.
The company outlined progress on artificial intelligence initiatives exceeding 20 projects across operations and customer engagement with the ADNOC Rewards app nearing 2.8 million members in the period. ADNOC Distribution launched Engage by ADNOC in July as the UAE’s first full-funnel retail media network for a mobility retailer backed by the ADNOC Group’s digital transformation program. Electric vehicle charging volumes through the E2GO network more than doubled with energy sold rising 2.1 times while low-emission kilometers traveled by EVs using the service grew twofold the release showed.
ADNOC Distribution’s board approved a second-quarter dividend of 5.14 fils per share equivalent to $175 million payable in September maintaining the policy of an annual $700 million floor or 75 percent of net profit whichever is higher. Total dividends distributed since the 2017 initial public offering will reach an estimated $5.8 billion following the payout according to the statement. The company operates more than 1,000 stations and approximately 540 convenience stores in the UAE alone with total 2025 fuel volumes at 15.7 billion liters up 5 percent from 2024 per its integrated report.
The first-half results align with ADNOC Distribution’s 2024-2028 strategy for international growth and diversification into higher-return segments as detailed in the corporate release. Plans include adding 60 to 70 new stations in coming periods alongside the strategic partnership with Americana Restaurants to open as many as 200 quick-service outlets across the network. These steps position the fuel retailer to capitalize on regional mobility trends while future-proofing through EV infrastructure and data-driven retail.
