ADNOC Distribution reported strong financial and operational results for the first quarter ending March 31, 2026, driven by higher fuel sales, growth in retail business and expanding international operations.
The company recorded a record first-quarter EBITDA of $307 million, marking an increase of 11.7 percent compared to the same period last year. Net profit also rose sharply by 20.7 percent year-on-year to reach $210 million.
The strong performance was supported by rising fuel volumes, better contribution from the commercial segment, growth in non-fuel retail (NFR) business and increased earnings from international markets. ADNOC Distribution said its diversified operations across the UAE, Saudi Arabia and Egypt helped strengthen business stability.
The company has continued investing in different business segments including fuel retail, commercial services, lubricants, convenience stores and car services. Retail operations currently contribute around 70 percent of total fuel volumes, while commercial activities account for the remaining 30 percent.
Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said the company entered 2026 with strong momentum despite changing market conditions.
He stated that the continued expansion of the company’s service station network and the growing contribution from the non-fuel retail business confirm the success of ADNOC Distribution’s long-term strategy. He also said the company’s strong balance sheet and cash generation position it well for future growth and stable value creation.
During the first quarter, ADNOC Distribution added 22 new service stations, increasing its total network to 1,032 stations. The company remains on track to add between 60 and 70 new stations during 2026.
Fuel volumes reached a record 3.82 billion litres in the first quarter, reflecting a 2.4 percent increase compared to last year.
The company’s non-fuel retail business continued to show strong growth, with gross profit rising 10 percent year-on-year. ADNOC Distribution also confirmed plans to open five more locations of “The Hub by ADNOC” in 2026.
The Hub by ADNOC features retail spaces that are nearly three times larger than traditional service stations. The company expects to operate 30 Hub locations by 2030, with a projected EBITDA contribution of $30 million.
ADNOC Distribution’s Board of Directors also approved the company’s first quarterly dividend for 2026. Shareholders will receive 5.14 fils per share in June 2026 as part of the company’s newly introduced quarterly dividend system.
The company’s dividend policy, which was recently extended until 2030 following shareholder approval at its Annual General Assembly meeting in March, guarantees annual returns of $700 million or at least 75 percent of net profit, whichever is higher. The extended policy is expected to provide investors with long-term dividend visibility and potential future earnings growth.
