Abu Dhabi National Oil for Distribution : ADNOC Distribution Q1 2025 MD&A – English – 6 May 2025

About this update from Abu Dhabi National Oil Company For Distribution

[{"type":"text","content":"\n \n First Quarter 2025 Results\n \n \n Management Discussion & Analysis Report\n \n \n 6 May 2025\n \n \n ADNOC Classification: Public\n \n \n \n ;\n \n \n \n Key highlights: Growth in underlying profitability driven by higher fuel volume and opex optimization\n \n \n \n 1 | P a g e\n \n Key highlights: Q1 2025 financial performance signals strong outlook for the year\n \n \n Total fuel volumes - Q1 2025\n \n \n 3.73\n \n \n billion liters\n \n \n +1.0% Y-o-Y (daily volumes +2.2% Y-o-Y)\n Retail: +2.6% (daily volumes +3.7%), driven by strong mobility trends\n Commercial: -2.3% (daily volumes -1.2%), as a result of lower spot market trading activities in the UAE, supported by the continued strong growth of aviation fuel volumes in Egypt (+22.9% Y-o-Y)\n 2.94\n \n \n billion liters sold in the UAE and KSA\n \n \n +1.5% Y-o-Y (daily volumes +2.6% Y-o-Y)\n Retail: +4.2% (daily volumes +5.3%), supported by higher mobility, sustained momentum in the region's economic growth, network expansion and higher contribution from KSA operations\n Commercial: -3.3% (daily volumes -2.2%), as a result of lower spot market trading activities in the UAE\n Revenue - Q1 2025\n \n \n 8,473\n \n \n AED million\n \n \n -3.2% Y-o-Y\n \n \n supported by growth in fuel volumes and higher non-fuel retail segment contribution, partially offset by lower pump prices as a result of lower crude oil prices in Q1 2025 compared to Q1 2024\n \n \n Gross profit - Q1 2025\n \n \n 1,618\n \n \n AED million\n \n \n +9.3% Y-o-Y\n \n \n driven by strong operating performance and despite lower inventory gains of AED 110 million in Q1 2025 compared to inventory gains of AED 122 million in Q1 2024\n \n \n 987\n \n \n AED million\n \n \n Fuel retail: +4.8% Y-o-Y\n \n \n supported by higher retail fuel volumes and despite lower inventory gains of AED 105 million in Q1 2025 compared to inventory gains of AED 118 million in Q1 2024\n \n \n 228\n \n \n AED million\n \n \n Non-fuel retail: +14.0% Y-o-Y\n \n \n driven by growth in non-fuel transactions, improved customer offerings following revitalization of stores, marketing and promotion campaigns, and higher Food and Beverage (F&B) sales\n \n \n 402\n \n \n AED million\n \n \n Commercial: +18.8% Y-o-Y\n \n \n supported by higher margins as a result of proactive corporate fuel margin management, and inventory gains of A...

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