Abu Dhabi National Oil for Distribution : ADNOC Distribution Q1 2025 Press Release – English – 6 May 2025

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[{"type":"text","content":"\n ADNOC Classification: Public\n \n \n \n ADNOC DISTRIBUTION REPORTS HIGHEST FIRST-QUARTER EBITDA, WITH 11% YEAR-ON-YEAR GROWTH\n \n \n EBITDA reaches $275 million, up 11%, year-on-year, while net profit increases 16% year-on-year to $174 million.\n \n \n Highest-ever Q1 fuel volumes driven by retail sales in the UAE and Saudi Arabia\n \n \n Non-fuel retail gross profit grows 14% year-on-year, with improvements to convenience store conversion rate, margin, and basket size\n \n \n 20 new stations added in Q1, bringing the total network to 915, up from 846 at the end of Q1 2024, putting the Company on track to meet its target of 40-50 new stations in 2025.\n \n \n \n Abu Dhabi, UAE - May 06, 2025: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE's largest fuel and convenience retailer, today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth.\n For the first three months of 2025, ADNOC Distribution's financial performance significantly exceeded analyst expectations. Net profit increased 16% year-on-year (y-o-y) to $174 million (AED639 million), with EBITDA increasing by 11% y-o-y to $275 million (AED1.01 billion), the company's highest first-quarter EBITDA result since its 2017 IPO. Underlying EBITDA rose 13% y-o-y to $246 million (AED 904 million).\n \n \n \n These strong results reflect growth in both fuel and non-fuel segments, driven by the Company's focus on sustainable growth and cost efficiencies. ADNOC Distribution added 20 new service stations in Q1, bringing the network-wide total to 915, up from 846 in Q1 2024 and putting the Company on track to meet its target of 40-50 new stations by the end of 2025.\n \n \n \n Key to this expansion has been ADNOC Distribution's focus on the large and dynamic Saudi fuel retail market, where the Company is able to expand quickly to meet increasing demand while minimizing CAPEX by deploying a Dealer Owned-Company Operated (DOCO) business model. In Q1 2025, ADNOC Distribution contracted 15 service stations in Saudi Arabia, growing its total network in the country to 115, up by 67% compared to Q1 2024.\n \n \n Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: \"Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions ...

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