ADNOC Distribution, one of Abu Dhabi National Oil Company (ADNOC) subsidiaries and the UAE’s largest fuel and convenience retailer, reported a growth in its net profit by 16%, to reach $174 million during Q1 2025, compared to $150 million during Q1 2024.

The Company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $275 million in Q1 2025, up 11% year-on-year (YoY) which amounted to $248 million.

These strong results reflect growth in both fuel and non-fuel segments, driven by the Company’s focus on sustainable growth and cost efficiencies, the company said.

ADNOC Distribution added 20 new service stations in Q1, bringing the network-wide total to 915, up from 846 in Q1 2024 and putting the Company on track to meet its target of 40-50 new stations by the end of 2025 , thanks to its focus on the large and dynamic Saudi fuel retail market.

Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: “Our record first-quarter performance demonstrates our commitment to growth and delivering sustainable and innovative solutions to our customers while creating long-term value for shareholders. Our outstanding Q1 2025 results, with a 11% rise in EBITDA and a 16% increase in net profit, highlight ADNOC Distribution’s outstanding progress against our 2024-2028 growth strategy and our commitment to operational excellence. As we continue to expand our network and capabilities, adding new service stations and enhancing our customer experiences, we remain focused on capturing new opportunities and setting new benchmarks for the mobility and convenience retail industry.”