Abu dhabi: ADNOC Distribution reported robust financial and operational results for the first quarter ending March 31, 2026, with a record Q1 EBITDA of $307 million, marking an 11.7 percent year-on-year increase, and a net profit of $210 million, reflecting a 20.7 percent rise over the previous year. The performance was driven by increased fuel volumes, a stronger commercial business sector, and higher contributions from non-fuel retail and international activities, showcasing the company's structural resilience and diversification across its customer locations in the UAE, Saudi Arabia, and Egypt.
According to Emirates News Agency, ADNOC Distribution's sustained investments have expanded its platforms in fuel retail, commercial segments, lubricants, convenience, and car services, with retail accounting for 70 percent of volumes and commercial 30 percent. Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, emphasized the company's strong start to 2026, noting the 21 percent net profit growth amid a dynamic operating environment. He highlighted the expanding network and increasing non-fuel retail business contributions as key components of their strategy, reinforcing their position as a leading international mobility and convenience retailer.
ADNOC Distribution added 22 new service stations in Q1, bringing its total network to 1,032 sites, and aims to meet its target of 60-70 new stations this year. The company's fuel volumes reached a first-quarter record of 3.82 billion liters, a 2.4 percent year-on-year increase. The non-fuel retail business also contributed significantly, with a 10 percent year-on-year gross profit growth.
The company plans to open five more locations of The Hub by ADNOC in 2026, which offers a retail footprint three times larger than traditional service stations. ADNOC Distribution anticipates operating 30 locations of The Hub by 2030, with an expected EBITDA contribution of $30 million.
ADNOC Distribution's Board of Directors has approved its first quarterly dividend of 2026, introducing quarterly distributions at 5.14 fils per share, payable in June 2026. The dividend policy, extended through 2030 after shareholder approval at the Annual General Assembly Meeting in March, ensures financial year returns of $700 million annually or a minimum of 75 percent of net profit, offering five-year payback visibility and potential dividend growth from future earnings.
