DFM ---ADX ---
51mDubai Remains the Top Choice for Long-Term Wealth CreationBusiness
8hUS Companies Flock to Dubai’s DMCC as Trade Ties Hit Record HighsBusiness
8hAirlines Betting Big on Luxury Travel to Drive Future ProfitsBusiness
8hNavigating the Risks of UAE’s Growing AI Agent EcosystemBusiness
8hTravel Disruptions Across UAE: Flight Cancellations and Delays Impact Regional RoutesBusiness
8hThe Allure of AI Trading Bots: Why Passive Profits Often Come with High RisksBusiness
8hMarket Volatility Ahead: Tech Stocks Falter as Inflation Data LoomsBusiness
8hAdnoc Distribution’s Strong Growth Driven by Network Expansion and Retail GainsBusiness
8hAl Marjan Island: How Fine Dining Is Becoming the Heart of RAK’s Real Estate BoomBusiness
9hUAE Healthcare Giant Aster DM Planning Massive Workforce ExpansionBusiness
1dThe Future of Asset Tokenization: Opportunities and ChallengesBusiness
1dAbu Dhabi Court Finds NMC Healthcare Founders Liable for $5.4 Billion FraudBusiness
3dWhy Opt for Electronic Gold Receipts? The NSE’s Vision for a Self-Reliant DhanterasBusiness
3dSPARQ Transforms Game Development with the Launch of RYFT LaunchpadBusiness
3dModon Secures Record Dh13.7 Billion Financing to Fuel ExpansionBusiness
3dDewa, Acwa Sign Dh1.76 Billion Deal for World’s Largest Desalination PlantBusiness
3dEtihad Airways Resumes Abu Dhabi-Jeddah Flights Amid Regional DisruptionsBusiness
3dAdnoc Secures Long-Term LNG Supply Deal with Gujarat EnergyBusiness
3dLulu Retail Reports Strong Q3 Growth Driven by Digital ExpansionBusiness
3dDana Gas Sees 48% Profit Surge in First Nine Months of 2026Business
3dDubai Gold Prices Dip Ahead of Festive SeasonBusiness
3dAdipec 2026 Concludes with Record-Breaking $67 Billion in DealsBusiness
4dThe Rise of AI in the UAE: Balancing Productivity with Career AnxietyBusiness
4d11.11 Shopping Season: Amazon and Noon Kick Off Massive UAE SalesBusiness
4dDubai’s Strategic Move to Secure the Future of Global Family WealthBusiness

Adnoc Distribution’s Strong Growth Driven by Network Expansion and Retail Gains

Mon, Nov 9, 2026(8h ago)Business

Adnoc Distribution has delivered an impressive financial performance for the first nine months of 2026, reporting a 36.6% jump in net profit to $791 million. This robust growth was largely fueled by a significant increase in fuel sales—reaching nearly 12 billion liters—alongside the strategic expansion of its service station footprint. By opening 71 new sites, the company surpassed its initial yearly growth targets, leading leadership to raise its 2026 expansion goal to between 80 and 90 new stations. Additionally, the company is doubling down on modernizing its retail experience through "The Hub by Adnoc" concept and investing in its E2GO electric vehicle charging network to ensure long-term relevance in a changing energy landscape.

Beyond traditional fuel sales, Adnoc Distribution is successfully diversifying its revenue streams through its non-fuel retail segment, which saw gross profits rise by 13% to $217 million. Initiatives like the AI-driven "Engage by Adnoc" advertising network and a growing loyalty program are contributing to this momentum. On the international front, the company is pushing forward with its potential acquisition of Shell Downstream South Africa, which is expected to provide a meaningful boost to earnings per share. Reflecting this financial health, the board has committed to a strong dividend policy, with total annual payouts for 2026 projected to exceed $700 million, further rewarding shareholders as the firm continues to scale its operations globally.

Comments0
No comments yet. Be the first to share your thoughts.