Return to shareholders of ADNOC Distribution jumped 94.2% to more than AED 1.3 billion during the second quarter of 2026, exceeding expectations.
Profitability was supported by year-on-year revenue growth of approximately 52.8% to AED 13.2 billion.
During the first half of this year, ADNOC Distribution’s return to shareholders rose by approximately 58.5% year-on-year, exceeding AED 2 billion, supported by revenues and lower financing costs.
Revenues for the period reached approximately AED 22 billion, representing an annual growth of 28.7%, driven by growth in fuel sales volumes and an increased contribution from the non-fuel retail sector, along with higher selling prices.
ADNOC Distribution's profits exceed expectations, growing by 58.5% in the first half.
Details with the CEO of ADNOC Distribution, Bader Al Lamki
During the period, the company recorded impairment losses and other operating expenses of approximately AED 179.8 million, compared to AED 46.9 million for the same period in 2025.
The company's total network of stations stands at 1045, including 569 in the UAE, 245 in Egypt, and 231 in Saudi Arabia.
The company's cash operating expenses increased by 4% year-on-year during the first half.
ADNOC Distribution invested AED 339 million, with growth-related capital expenditures accounting for more than 50% of the total.
The company aims to spend between AED 900 million and AED 1.1 billion in capital expenditures during 2026.
Badr Al Lamki, CEO of ADNOC Distribution, UAE:
We expect to finalize a deal with Shell in the first half of next year.
We entered the South African market after a year and a half of research.
We are considering expanding into African countries after our presence in Egypt and South Africa.
More than 200 restaurants will be added following the agreement…
The total fuel volumes for the first half of the year amounted to approximately 7.75 billion liters, representing an annual increase of 1.6%.
During the first half, ADNOC Distribution entered into a definitive agreement to acquire 100% of Shell Downstream South Africa, with the deal expected to be completed in 2027.
Finally, the company aims to add between 60 and 70 new service stations in 2026, in addition to between 50 and 60 charging points for electric vehicles.
In addition, the Board of Directors of ADNOC Distribution approved the distribution of profits for the second quarter of 2026 amounting to approximately 643 million dirhams, equivalent to 5.14 fils per share, and set the 12th as the last day for purchase, to be paid on September 1, 2026.
