By: AGBI

Adnoc Distribution, the Abu Dhabi-based fuel and convenience retailer, logged a 16 percent year-on-year gain in net profit to AED2.1 billion ($579 million) for the first nine months of 2025, helped by higher fuel volumes and network expansion.

Revenue fell 0.7 percent year on year to AED26.4 billion, reflecting lower selling prices linked to declining crude oil values.

The Adnoc subsidiary said it had achieved its highest-ever fuel volumes during the nine months, totalling 11.7 billion litres. It added 85 service stations, bringing its network size to 977.

Adnoc Distribution added 72 service stations in Saudi Arabia, bringing its nationwide network there to 172, a 150 percent increase year on year.

In the third quarter of 2025, net profit rose 21.5 percent annually to $221 million. Revenue increased 2.7 percent to AED9.3 billion.

The company has committed to minimum dividend payments of $4.9 billion between 2023 and 2030, equivalent to $700 million annually, or at least 75 percent of net profit, whichever is higher.

Adnoc owns 77 percent of the fuel distribution company, which was listed on the Abu Dhabi Securities Exchange in December 2017. The shares closed 0.3 percent lower at AED3.63 on Thursday, up nearly 3 percent year to date.