ADNOC’s listed companies delivered resilient financial and operational results during the first quarter of 2026, underscoring the strength of the Group’s integrated and diversified business portfolio.
The combined revenues of ADNOC Distribution, ADNOC Drilling, ADNOC Gas, ADNOC Logistics & Services, Borouge, and Vertiglobe reached AED 43.4 billion (US$11.8 billion), with earnings before interest, taxes, depreciation, and amortization (EBITDA) of AED 13.6 billion (US$3.7 billion). These six companies also achieved a net profit of AED 7.9 billion (US$2.2 billion), supported by diversified revenue streams, disciplined execution, and a meticulous and continuous focus on applying the highest standards of safety and operational efficiency.
This outstanding performance highlights the role of ADNOC's listed companies in supporting the stability of the energy system and ensuring a reliable supply of resources to local and global markets during this period of increasing volatility and change. Amid the exceptional disruption to shipping in the Strait of Hormuz, ADNOC's listed companies played a crucial role in ensuring the continuity of supplies across the energy, industrial, and agricultural value chains, successfully managing the disruption through proactive emergency response planning and enhanced operational integration.
ADNOC Distribution
ADNOC Distribution announced record earnings before interest, taxes, depreciation, and amortization (EBITDA) of AED 1.1 billion (US$307 million) in the first quarter of 2026, a 12 percent year-on-year increase. The company also reported a net profit of AED 771 million (US$210 million), a 21 percent year-on-year increase, demonstrating continued growth across its various business segments. Revenue for the quarter reached AED 8.8 billion (US$2.4 billion). This outstanding performance was supported by higher fuel sales volumes, improved trading margins, continued growth in non-fuel retail sales, and expansion in international operations. Fuel sales volumes reached a record high of 3.82 billion liters during the quarter, a 2.4 percent year-on-year increase, driven by the expansion of the company's service station network and continued strong demand across key markets.
ADNOC Distribution’s board of directors approved its first quarterly dividend of 5.14 fils per share, in line with the company’s dividend policy of providing annual returns of $700 million or at least 75 percent of net profit, whichever is higher.
ADNOC Distribution continued to implement its strategic plans aimed at consolidating its position as a leader in the mobility and retail sectors, including expanding The Hub store concept and expanding the electric vehicle charging infrastructure.
ADNOC Drilling
ADNOC Drilling recorded record revenues of AED 4.5 billion (US$1.2 billion) and net profits of AED 1.3 billion (US$347 million) in the first quarter of 2026, representing year-on-year increases of 5 percent and 2 percent respectively. This is the strongest first-quarter performance in the company's history, achieved thanks to the robustness of its business model, supported by strong coverage of long-term contracts, high fleet utilization rates, and disciplined cost management.
