ADNOC Distribution today announced its financial results for Q1 2025, showcasing record EBITDA and fuel volumes that propelled double-digit year-on-year earnings growth.
For the first three months of 2025, ADNOC Distribution’s financial performance significantly surpassed analyst expectations, accrording to a statement.
Net profit increased by 16 percent year-on-year to AED639 million ($174 million), while EBITDA rose by 11 percent year-on-year to AED1.01 billion ($275 million), marking the highest first-quarter EBITDA result since the company’s IPO in 2017. Underlying EBITDA also saw a 13 percent year-on-year increase, reaching AED904 million ($246 million).
Growth across fuel and non-fuel segments
These robust results reflect growth in both fuel and non-fuel segments, driven by the company’s commitment to sustainable growth and operational efficiencies.
ADNOC Distribution added 20 new service stations in Q1, bringing the total network to 915, up from 846 in Q1 2024. This positions the company on track to meet its goal of 40-50 new stations by the end of 2025.
A key driver of this expansion has been ADNOC Distribution’s focus on the large and dynamic Saudi fuel retail market, where the company can rapidly expand to meet rising demand while minimizing capital expenditures through a Dealer Owned-Company Operated (DOCO) business model.
In Q1 2025, ADNOC Distribution contracted 15 service stations in Saudi Arabia, increasing its total network in the country to 115—an impressive 67 percent growth compared to Q1 2024.
Creating long-term value for shareholders
Eng. Bader Saeed Al Lamki, chief executive officer of ADNOC Distribution, stated, “Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions to our customers while creating long-term value for shareholders. Our outstanding Q1 2025 results, with an 11 percent rise in EBITDA and a 16 percent increase in net profit, highlight ADNOC Distribution’s outstanding progress against our 2024-2028 growth strategy and our commitment to operational excellence.”
Highest fuel volume achieved
In Q1 2025, ADNOC Distribution achieved its highest-ever first-quarter fuel volume of 3.7 billion litres, driven by market share growth, increasing demand, and network expansion in the UAE, Saudi Arabia, and Egypt. Non-fuel retail continues to be a key growth driver, outpacing fuel growth and enabling ADNOC Distribution to extract more value from its assets.
Growth of ADNOC Rewards
ADNOC Rewards, the UAE’s largest fuel and convenience loyalty program, now boasts 2.4 million members—a 19 percent year-on-year increase. In Q1 2025, non-fuel retail gross profit grew by 14 percent year-on-year, fueled by a 9 percent increase in transactions, higher convenience store conversion rates, and strong performance in car wash, lube change, and property management services.
ADNOC Distribution added 20 new quick-service retail outlets in Q1 2025, further solidifying its position as the largest retail property network in the UAE with 1,165 units across the country.
Remarkable growth in EV charging network
Additionally, the company significantly expanded its E2GO public EV charging network, adding 63 new fast and super-fast charging points in Q1, bringing the total to 283 installed across the UAE—a year-on-year increase of 318 percent. This expansion puts ADNOC Distribution on track to meet its target of 100 additional charging points by the end of 2025, in line with its commitment to grow the network to over 500 charging points by 2028.
