Abu Dhabi National Oil for Distribution : ADNOC Distribution Q1 2025 Financial Statements – English – 6 May 2025

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[{"type":"text","content":"\n \n ‌Review report and interim financial information\n \n \n For the three-month period ended 31 March 2025\n \n \n ADNOC Classification: Need-To-Know\n \n \n \n 1\n \n \n \n Review report and interim financial information for the three-month period ended 31 March 2025\n \n Director's report\n \n \n 3\n \n \n Report on review of interim financial information\n \n \n 4\n \n \n Interim condensed consolidated statement of financial position\n \n \n 5\n \n \n Interim condensed consolidated statement of profit or loss\n \n \n 6\n \n \n Interim condensed consolidated statement of comprehensive income\n \n \n 7\n \n \n Interim condensed consolidated statement of changes in equity\n \n \n 8\n \n \n Interim condensed consolidated statement of cash flows\n \n \n 9\n \n \n Notes to the interim condensed consolidated financial statements\n \n \n 10-24\n \n Directors' report\n \n \n for the three-month period ended 31 March 2025\n \n \n The Directors present their report together with the interim financial information of Abu Dhabi National Oil Company for Distribution PJSC (the \"Company\") and its subsidiaries (collectively referred to as \"the Group\") for the three-month period ended 31 March 2025.\n \n \n \n Principal activities\n \n \n The principal activities of the Group are the marketing of petroleum products, compressed natural gas and ancillary products.\n \n \n \n Review of business\n \n \n During the period, the Group reported revenue of AED 8,473,115 thousand (31 March 2024: AED 8,749,736 thousand). Profit for the period was AED 648,091 thousand (31 March 2024: AED 527,695 thousand).\n \n \n \n The appropriation of the results for the period is follows:\n \n 31 March 2025\n \n \n (unaudited)\n \n \n AED'000 \n \n \n Retained earnings as at 1 January 2025\n \n \n 1,783,705\n \n \n Profit for the period\n \n \n 648,091\n \n \n Dividends declared\n \n \n (1,285,625)\n \n \n Non-controlling interests\n \n \n (9,413)\n \n \n Retained earnings as at 31 March 2025\n \n \n 1,136,758\n \n For the Board of Directors\n \n \n Chairman\n \n \n \n 5 May 2025\n \n \n Abu Dhabi, UAE\n \n \n REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION TO THE BOARD OF DIRECTORS OF\n \n \n ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC\n \n \n Introduction\n \n \n We have reviewed the accompanying interim condensed consolidated...

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