Business /

ADNOC Distribution Q3 profit jumps 21.5% to $221 million

ADNOC Distribution delivers record Q3 EBITDA, extends dividend plan to 2030

Last updated: October 31, 2025 | 09:29

Nivetha Dayanand, Assistant Business Editor

2 MIN READ

Add as a preferred source on Google

ADNOC Distribution grows fuel volumes 5.9%, Q3 EBITDA hits $319 million.

Supplied

Dubai: ADNOC Distribution delivered its strongest quarterly performance since listing, as network expansion in Saudi Arabia and rising non-fuel income lifted earnings in the third quarter.

Sign up for our daily business newsletter, Cheques & Balances.

The company reported EBITDA of $319 million in Q3 2025, up 15.9% year-on-year, while net profit increased 21.5% to $221 million. Nine-month EBITDA reached $885 million, up 12%, with net profit for the period advancing 15.6% to $579 million.

Fuel volumes for the first nine months climbed 5.9% to 11.7 billion litres, reflecting continued demand recovery and growing international operations. ADNOC Distribution added 85 new stations in the period, taking its total network to 977. Saudi Arabia accounted for 72 of the new sites, expanding the Kingdom network to 172 stations, a 150% increase in one year.

After exceeding its expansion plan ahead of schedule, the company raised its full-year target to 90 to 100 new stations, from earlier guidance of 60 to 70. Between 80 and 90 of these will be in Saudi Arabia, underscoring the company’s push into the region’s largest fuel retail market.

Also Read: ADNOC Distribution expands Saudi presence with 160 new stations by 2026

Also Read: ADNOC Distribution's profit before tax at Dh2.6b; next dividend pay in April

At its inaugural Investor Majlis, ADNOC Distribution updated its longer-term growth plans, setting a new target of 1,150 stations by 2028. The company also proposed extending its dividend policy to 2030, with quarterly distributions beginning in 2026, subject to shareholder approval.

“Our strongest quarterly EBITDA ever, combined with a rapidly expanding network, demonstrates the fundamental strength of our business and a firm belief in our long-term growth prospects,” said Chief Executive Bader Saeed Al Lamki, adding that revised expansion targets and the extended dividend policy highlight confidence in future earnings.

Non-fuel retail remained a key growth driver. Gross profit in the segment rose 14.7% year-on-year in Q3, supported by 39.6 million non-fuel transactions during the first nine months, up more than 10%. Conversion rates reached their highest nine-month level since 2021.

The company relaunched its Oasis convenience brand with upgraded food and beverage offerings, including specialty coffee, positioning it as a differentiated in-transit retail experience.

ADNOC Distribution continued to build its presence in electric mobility, growing its E2GO charging network to 368 fast and super-fast points. It also advanced work on more than 20 artificial-intelligence initiatives, part of its plan to become an AI-native business.

Nivetha DayanandAssistant Business Editor

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

Get Updates on Topics You Choose

Up Next