Profits attributable to shareholders of UAE’s ADNOC Distribution jumped 20.7% in the first quarter of 2026 to over AED 770.6 million, despite lower inventory gains and higher precautionary provisions.
The profit growth was supported by a rise in revenues of approximately 4.3% year-on-year to more than AED 8.8 billion, supported by an increase in fuel sales volumes and a higher contribution from non-fuel retail business revenues.
Conversely, direct costs and distribution and management expenses increased, while financing costs decreased.
The profit margin also increased to 8.7% during the first quarter of 2026, compared to 7.5% in the same period of 2025.
The company, which is listed on the Abu Dhabi Securities Exchange, recorded impairment losses and other operating expenses of AED 89.2 million, compared to AED 26.8 million during the same period last year.
The company’s board of directors approved the distribution of interim cash dividends of AED 643 million for the first quarter of 2026, equivalent to about 5.14 fils per share. The company set May 20 as the last date for purchase, with dividends to be distributed on June 9.
During the first quarter, total fuel volumes sold rose by about 2.4% to 3.82 billion liters, driven by a 3.7% growth in retail fuel, despite a 0.6% decline in commercial fuel volumes.
ADNOC Distribution added 22 new stations, bringing its total network of stations to 1,031 stations spread across the UAE, Saudi Arabia and Egypt.
The company also expanded its network of fast and ultra-fast charging points for electric vehicles by 1.4 times to reach 400 charging points by the end of the first quarter of 2026.
The number of export markets within the company’s Voyager oil portfolio has increased to 53 markets, compared to 47 markets at the end of the first quarter of 2025.
By the end of March 2026, the company’s liquidity amounted to AED 5.4 billion, including AED 2.6 billion in cash and cash equivalents, in addition to AED 2.8 billion in unused credit balance.
Free cash flow reached AED 136 million, compared to AED 7 million during the same period last year.
The company invested AED 181 million during the first quarter, in line with its strategic plan, allocating 50% of the investments to support growth.
ADNOC Distribution concluded its statement by confirming that there was no impact on personnel, assets, or supply reliability, noting that its operations continued as normal despite the current geopolitical tensions.
