Adnoc Distribution reported a 21 per cent rise in first-quarter net profit, driven by higher fuel sales, expanding retail operations and stronger commercial activity across its network.
Net profit attributable to shareholders climbed to Dh770.6 million ($210 million) in the first three months of 2026, the company said in a statement to the Abu Dhabi Securities Exchange on Wednesday. Revenue for the period increased about 4 per cent year-on-year to Dh8.8 billion.
The UAE’s largest fuel and convenience retailer said growth was supported by rising fuel volumes, stronger non-fuel retail performance and contributions from international operations. Fuel volumes reached 3.82 billion litres during the January-to-March period, marking a 2.4 per cent annual increase.
Non-fuel retail gross profit also rose 10 per cent, boosted by higher customer footfall and an expanded range of convenience offerings. The company added it remains on track to meet its target of opening up to 70 new service stations this year.
