ADNOC Distribution recorded a 59% year-on-year increase in net profit to a record USD 568 million in the first half of 2026, supported by record fuel volumes, network expansion, inventory gains, and non-fuel retail growth.
The company sold 7.75 billion litres of fuel during the period, while its service station network expanded 11% to 1,045 locations across the UAE, Saudi Arabia, and Egypt. Gross profit rose 29% to USD 1.16 billion and reported EBITDA climbed 39% to a record USD 786 million.
Non-fuel retail gross profit grew 12%, driven by higher footfall and an expanded food and convenience offering, including The Hub by ADNOC format and a new partnership with Americana Restaurants International to open up to 200 quick-service restaurants across the network. The EV charging network E2GO expanded 35%, with electricity sold more than doubling year-on-year.
Gulf Economist Staff Writer