ADNOC Distribution has wrapped up 2024 on a high note, reporting a record-breaking EBITDA of $1.05 billion (AED 3.86 billion) a 4.8% increase compared to the previous year. This strong financial performance reflects the company’s commitment to growth, operational efficiency, and expansion across key markets.

The company’s underlying EBITDA, which excludes inventory gains and one-time adjustments, stood at $1.02 billion (AED 3.75 billion), marking a 5.2% year-on-year increase. This steady rise highlights ADNOC Distribution’s ability to navigate market challenges while continuing to strengthen its position as a leading fuel and convenience retailer.

Expanding Reach Across the Region

One of the key drivers behind this record performance has been ADNOC Distribution’s ongoing expansion strategy. In 2024 alone, the company added 42 new service stations across the UAE, Saudi Arabia, and Egypt, further enhancing its presence in the region.

This expansion is part of ADNOC Distribution’s broader plan to bring fuel and retail services closer to communities while ensuring greater accessibility and convenience for customers. With more locations and a growing customer base, the company is well-positioned to sustain its upward momentum in the years ahead.

Consistent Returns for Shareholders

In line with its commitment to delivering value to investors, ADNOC Distribution’s Board of Directors has recommended a dividend payout of $700 million (AED 2.57 billion) for 2024. This follows the company’s long-standing policy of providing consistent and attractive returns to shareholders.

CEO’s Outlook on Growth and Innovation

Reflecting on the company’s achievements, Bader Saeed Al Lamki, CEO of ADNOC Distribution, stated:

“Our record EBITDA and strategic expansion in 2024 reflect our unwavering commitment to growth and delivering value to both our customers and shareholders. By leveraging market opportunities and strengthening our retail footprint, we are reinforcing our position as a leader in the fuel and convenience retail sector.”

Looking ahead, ADNOC Distribution remains focused on sustaining growth by further expanding its service station network, investing in technology, and maintaining its reputation for customer excellence. With a clear vision for the future, the company is set to continue its success story, bringing even more convenience and innovation to fuel retailing in the region.