• ADNOC Distribution reported a record $1.05 billion EBITDA in 2024, marking a 4.8% year-on-year increase, with underlying EBITDA up 11.4% to $989 million. Despite a 7% drop in net profit due to the UAE's corporate tax, profit would have grown 2.4% to $725 million without the tax impact. Strong fuel volumes, non-fuel retail growth, and international expansion in Saudi Arabia and Egypt contributed to this performance. The company also achieved $18 million in cost savings, progressing toward its $50 million OPEX reduction target by 2028.

• In 2024, ADNOC Distribution expanded aggressively, adding 59 new service stations, tripling its initial target. Its network now includes 100 stations in Saudi Arabia, with 30-40 more planned for 2025. The EV charging network also grew significantly, reaching 220 charging points, exceeding its goal. Fuel volumes rose 8.7% to 15 billion litres, while GCC volumes increased 7.6% to 11.9 billion litres. The Board has proposed a $350 million cash dividend, set for April 2025, pending shareholder approval. ADNOC Distribution remains committed to sustainable growth and strong shareholder returns.