ADNOC Distribution in nine months of 2026: net profit up 37% to US$791m, 71 new stations, record fuel volumes
Editorial
ADNOC Distribution made US$791 million of net profit in the first nine months of 2026, up 37%, as it opened 71 stations and sold a record 11.86 billion litres of fuel.
US$791mNet profit, nine months 2026+37%
US$1.12bnEBITDA+26%
1,081Service stations at end of September (71 opened)
11.86bn litresFuel volumes, a record (8.26bn at retail)
US$217mNon-fuel gross profit+13%
Sources: WAM, Khaleej Times, Gulf News, TradeArabia.
Network, dividends and the next deal
The company has already beaten its original goal for new stations this year and raised its 2026 target to 80 to 90. The board approved a third-quarter dividend of 5.14 fils a share, worth about US$175 million, and full-year 2026 dividends are expected to exceed US$700 million. It is also pursuing its proposed acquisition of Shell Downstream South Africa.
| Dividend detail | Date |
|---|---|
| Last day to take part in the dividend | 12 November 2026 |
| Record date | 16 November 2026 |
| Payment | Expected in early December |
Source: ADNOC Distribution results, as reported.