Adnoc Distribution delivers net profit of $568m

Adnoc Distribution has reported a record-breaking first half of 2026, showcasing robust financial and operational performance. The company announced a net profit of $568 million, a significant 59% increase compared to the same period last year. This achievement was bolstered by a 39% rise in reported EBITDA, which reached $786 million, reflecting strong operational execution and favorable inventory gains.

The company's success was further driven by a 14% year-on-year increase in underlying EBITDA, climbing to $603 million. Key factors contributing to this performance include record fuel volumes, continuous network expansion, and sustained growth in the higher-margin non-fuel retail (NFR) segment. These elements collectively supported the company's profitability and market position.

Fuel volumes surged to a record 7.75 billion liters, supported by strategic network expansion and resilient demand from both retail and commercial sectors. Adnoc Distribution's fuel retail network expanded by 11% year-on-year, now encompassing 1,045 service stations across the United Arab Emirates, Saudi Arabia, and Egypt. Eng. Bader Saeed Al Lamki, CEO of Adnoc Distribution, expressed satisfaction with the company's performance despite a dynamic macroeconomic environment, highlighting the consistent delivery of record results.

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Despite a dynamic macroeconomic environment, Adnoc Distribution delivered another record performance in the first half of 2026, demonstrating the r