ADNOC Distribution plans to increase the number of service stations it operates to 1,000 by 2028 from the current 900 after achieving its highest-ever earnings in 2024, stated Bader Saeed Al Lamki, CEO of ADNOC Distribution.
In a statement to WAM, Al Lamki said that the company maintains a robust financial position, enabling it to explore new investment opportunities outside its three current markets in a way that creates added value for shareholders and maximizes returns.
Earlier this year, the company reported its highest-ever Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $1.05 billion, an increase of 4.8 percent year-on-year. This record-breaking performance reflected robust fuel volumes, significant nonfuel retail growth, and increasing contributions from international operations, including Saudi Arabia and Egypt.
Expansion into Saudi Arabia, Egypt drives growth
Al Lamki noted that ADNOC Distribution has maintained steady growth since its listing on the Abu Dhabi Securities Exchange in 2019, expanding its operations from the domestic market to promising regional markets, including the Kingdom of Saudi Arabia and the Arab Republic of Egypt.
The company significantly expanded its retail network in 2024, adding 59 new service stations across the network, including 30 stations under development in Saudi Arabia. ADNOC Distribution has been able to accelerate its network expansion in Saudi Arabia, growing the number of service stations to 100, with plans to add a further 30 to 40 new stations to the network in 2025. In Egypt, the company operates 245 stations.
Al Lamki also emphasised the company’s commitment to enhancing non-fuel services such as ADNOC Oasis convenience stores, car wash stations and vehicle inspection centers. Recently, the company opened new inspection centers in shopping malls, in line with the UAE’s Year of the Community initiative, to provide greater convenience for customers.
Read: Abu Dhabi’s NMDC Energy posts 25 percent profit increase, $1 billion revenue in Q1 2025
ADNOC Distribution targets 500 high-power chargers by 2028
As part of its efforts to promote sustainable mobility, Al Lamki highlighted that the company currently operates approximately 200 electric vehicle charging points across the UAE and aims to increase this number to 500 high-power chargers by 2028. ADNOC Distribution’s chargers are among the fastest available, capable of charging a battery from 20 to 80 percent in a short time.
The CEO affirmed that the company continues to enhance customer experience by leveraging artificial intelligence and its smart ADNOC app, which offers home delivery services in partnership with strategic partners including the UAE-based platform Noon.
Al Lamki added that the company currently operates in three major markets characterised by high population density, developed infrastructure and growing energy demand, with further growth opportunities ahead. He noted that ADNOC Distribution has also commenced lubricants manufacturing in Egypt as part of its ongoing expansion in the Egyptian market.
