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Adnoc Distribution reports $568M net profit
ADNOC Distribution achieved record financial results during the first half of 2026, posting net profits of $568 million, a 59% increase compared to the previous year. This growth was driven by strong operational performance and expansion of the retail fuel station network, as well as growth in the non-fuel retail sector. Fuel sales reached a record high of 7.75 billion liters, with the number of stations rising to 1,045 across the UAE, Saudi Arabia, and Egypt—an increase of 11%. The company is focused on expanding into high-margin sectors, including electric charging and retail services development, with plans to acquire Shell Downstream in South Africa for $1 billion. This acquisition is expected to boost its financial performance and increase earnings per share by 6% by the beginning of 2027.
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