Abu Dhabi National Oil Company for Distribution (ADNOCDIST) investor relations material

Executive summary

• Q1 2026 delivered record results with double-digit growth in EBITDA and net profit, highlighting resilience, diversification, and disciplined execution across all business segments.

• Operational resilience ensured uninterrupted 24/7 supply and safety, with zero injuries or fatalities despite external disruptions.

• Expanded network by 22 new stations, including 20 DOCO stations in KSA, totaling 1,032 sites across UAE, Saudi Arabia, and Egypt.

• Significant growth in EV charging infrastructure, non-fuel retail, and digital innovation, including AI-powered self-checkout and loyalty program expansion.

• Shareholder returns remain attractive, with AED 0.0514 per share dividend for Q1, $700M annual dividend guidance through 2030, and a final dividend of AED 1.29 billion paid in April 2026.

Financial highlights

• Revenue for Q1 2026 reached AED 8.83 billion ($2,405m), up 4.3% year-over-year; gross profit rose to AED 1.82 billion ($496m), up 13%.

• EBITDA reached AED 307M ($307m), up 12% year-over-year; underlying EBITDA grew 24% to AED 305M ($305m).

• Net profit rose 21% to AED 210M ($210m), with net margin improving to 8.9%.

• Free cash flow (excl. working capital) reached AED 280M, up 41% year-over-year.

• Basic and diluted EPS was AED 0.062, up from AED 0.051 in Q1 2025.

Outlook and guidance

• 2026 targets reaffirmed: 60-70 new stations, 50-60 new EV charging points, $250M-$300M CapEx, and dividend policy of $700M or 75% of net profit, paid quarterly.

• Management does not anticipate significant impact from new UAE tax law or seasonality.

• Non-fuel retail expected to outpace fuel segment growth, with a target to double non-fuel retail transactions by 2030.

• Roadmap to electrify eight UAE highways by end of 2027, including the region's largest superfast EV charging site.