Adnoc Distribution profit rises 59%
Adnoc Distribution announced record financial results during the first half of 2026, with profits increasing by 59% to reach 2.084 billion dirhams. Fuel sales grew to 57.7 billion liters, and its network expanded to 1,045 stations across the UAE, Saudi Arabia, and Egypt, representing an 11% increase. The company also set new records in fuel sales and sustainable mobility initiatives, such as establishing the region's largest electric vehicle charging complex and expanding the "E2GO" electric charging network, which grew by 35% in the first half of the year. Additionally, the company continued diversifying its revenue streams through innovative models like "The Hub from Adnoc" and expanded into non-fuel retail segments, with projections to generate annual profits of up to $30 million from these initiatives by 2030. It also pursued international acquisitions, including a potential deal to acquire Shell’s South African operations valued at $1 billion, to strengthen its global position. The Board of Directors approved a cash dividend of 5.14 fils per share for the second quarter, with plans to distribute approximately $5.8 billion since the company's initial public offering.
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