Riyadh – Sharikat Mubasher: ADNOC Distribution is pressing ahead with its regional expansion strategy, with a particular focus on Saudi Arabia and Egypt.
In Saudi Arabia, ADNOC Distribution plans to open 40 to 50 new stations this year, having already secured contracts for 15 in Q1, according to the company’s statement on Abu Dhabi Securities Exchange (ADX).
The company is targeting the Kingdom’s "large and growing" fuel retail market and has expanded its network there by 67% year-on-year to 115 stations as of the end of March 2025. To optimize costs, it is relying on an agent-owned, ADNOC-operated station model.
In Egypt, the company benefited from a rebound in tourism, which led to a 22.9% year-on-year rise in aviation fuel sales to 61 million liters in Q1. This helped lift total commercial fuel sales in the country by 6.2% to 134 million liters.
ADNOC Distribution’s Q1 net profit attributable to shareholders rose 16.2% year-on-year to AED 639 million (USD 174 million), supported by lower financing costs, slight growth in fuel sales, and increased non-fuel retail activity. However, revenue dipped 3.2% to AED 8.5 billion due to lower selling prices linked to falling oil prices.