Adnoc Distribution has reported a strong financial performance, exceeding $1bn in earnings for the second consecutive year. The company is expanding both locally and internationally with ambitious plans to continue its growth trajectory.
Solid Financial Position Fuels Expansion
Adnoc Distribution’s EBITDA has reached over $1bn, demonstrating its solid financial position. The company is targeting an annual return on investment of more than 6%. CEO Bader Saeed Al Lamki highlighted that the company’s financial health allows it to explore new opportunities beyond its current markets, thus maximizing shareholder returns.
“We’ve grown steadily since our listing in 2019,” Al Lamki said. The company now operates 900 service stations and aims to increase this number to 1,000 by 2028.
Expanding Non-Fuel Services
Adnoc Distribution is also enhancing its non-fuel services. The company is increasing its focus on convenience stores, car wash stations, and vehicle inspection centres. Recently, new inspection centres opened in shopping malls as part of the UAE’s Year of the Community initiative, providing more convenience for customers.
Sustainable Mobility Efforts and EV Expansion
Al Lamki emphasized Adnoc Distribution’s efforts to promote sustainable mobility. The company operates about 200 electric vehicle (EV) charging points across the UAE and plans to expand this number to 500 high-power chargers by 2028. The chargers are among the fastest in the market, able to charge EV batteries from 20% to 80% in a short time.
Leveraging Technology for Customer Convenience
The company continues to improve its customer experience through artificial intelligence and its smart Adnoc app. The app offers home delivery services in partnership with Noon, a UAE-based platform, making it easier for customers to access products and services.
Regional Expansion and Further Growth
Adnoc Distribution is making significant strides in regional markets. The company operates 100 service stations in Saudi Arabia and 244 in Egypt. In Egypt, it has also started manufacturing lubricants as part of its expansion plans. Al Lamki noted that the company is well-positioned to capitalize on growth opportunities in markets with dense populations, developed infrastructure, and rising energy demands.
