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7h ago

Adnoc Distribution Posts Record Q3 EBITDA and 21.5% Profit Jump as Expansion Accelerates

The retailer lifts station rollout targets to speed growth beyond fuel.

ADNOC Distribution said it has already exceeded its network expansion goals ahead of schedule and raised its year-end target to 90-100 new stations by the end of 2025. Image: Shutterstock
Adnoc Distribution says it achieved its highest nine-month fuel volumes of 11.7 billion litres, marking a 5.9 per cent year on year increase. Victor Besa / The National

Overview

  • Net profit attributable to shareholders rose to $221 million in Q3 2025, up 21.5% year on year, with quarterly EBITDA hitting a record $319 million, up 15.9%.
  • For the first nine months, EBITDA reached $885 million, up 12% year on year, and net profit climbed to $579 million as fuel volumes hit a record 11.7 billion litres, up 5.9%.
  • The network grew by 85 service stations during the period to 977 locations, including 72 additions in Saudi Arabia, taking its presence there to 172 sites.
  • Management raised year-end 2025 rollout guidance to 90–100 new stations, largely in Saudi Arabia, and upgraded long-term network guidance to 1,150 sites by 2028.
  • Non-fuel retail momentum continued with Q3 gross profit up 14.7% and 39.6 million transactions in the first nine months, while the E2GO network reached 368 fast and super-fast EV charging points, and the company said it extended its dividend policy though reports differ on the timeframe.