Revenue distribution by sectors:

• Retail (fuel): 60%
• Non-fuel retail: 25%
• Wholesale: 15%

TOP 3 Markets:

1. United Arab Emirates: 70%
2. Saudi Arabia: 15%
3. Oman: 10%

Abu Dhabi National Oil Company for Distribution PJSC generates the majority of its revenue from retail fuel sales. However, a significant portion of the income also comes from non-fuel retail, which includes products and services at the gas stations.

The company's main markets are the United Arab Emirates, followed by Saudi Arabia and Oman. Together, these markets account for 95% of the revenue, with the United Arab Emirates having the largest share, attributed to its strong local presence and market dominance.

Production Sites: United Arab Emirates

Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) mainly produces and distributes its products in the United Arab Emirates. The company operates an extensive network of gas stations and is the leading fuel supplier in the region. ADNOC Distribution leverages the infrastructure and resources of its parent company ADNOC to efficiently produce and distribute its products.

Strategic Growth Initiatives:

1. Diversification of the Product Portfolio: ADNOCDIST plans to diversify its product portfolio to establish a presence not only in traditional fuel distribution but also in new energy forms such as hydrogen and renewable energies.

2. Expansion of the Gas Station Network: The company is focusing on expanding its gas station network both within the UAE and internationally to strengthen its market presence and attract new customers.

3. Digitalization and Technology Focus: Investments in digital platforms and technologies to enhance customer experience and increase efficiency are a top priority. This includes the implementation of smart technologies at gas stations and the development of mobile applications.

4. Sustainability Initiatives: ADNOCDIST is pursuing a sustainable growth strategy aimed at reducing the CO2 footprint and introducing more environmentally friendly products.

These strategic measures are intended to secure the company's long-term growth and strengthen its position as a leading fuel and retail provider in the region.

Main raw materials: Crude oil, petrochemical products

Main importing countries: Saudi Arabia, Kuwait, Iraq

Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) mainly imports crude oil and petrochemical products needed for the processing and distribution of fuels and other petrochemical products. The main importing countries are Saudi Arabia, Kuwait, and Iraq, as these countries have large crude oil reserves and are geographically well positioned to meet the demand in the United Arab Emirates.

These imports are crucial to ensure a stable supply of raw materials necessary for the production and distribution of fuels and other products. ADNOC Distribution benefits from existing trade relationships within the Gulf region, enabling efficient and cost-effective procurement.

Market share in the UAE: Over 60% (2024)
Net income: 2.5 billion AED (2024)
EBITDA margin: 14% (2024)

Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) has a significant competitive advantage in the United Arab Emirates as it holds the largest market share in the fuel distribution and retail services sector. With over 60% market share, the company dominates the local market, supported by a dense network of gas stations and strong brand awareness.

The company also benefits from a stable financial performance, as evidenced by the net income of 2.5 billion AED in 2024. The EBITDA margin of 14% highlights the efficiency and profitability of the company compared to its competitors.

Additionally, the support from the parent company, Abu Dhabi National Oil Company, strengthens the strategic position of ADNOC Distribution by providing access to resources and investments necessary for continuous growth and innovation.

Institutional Investor Share: approximately 30% (estimated for 2025)

Insider Buys/Sells: No significant changes reported (2025)

The institutional investor share in Abu Dhabi National Oil Company for Distribution PJSC is estimated to be around 30%. This reflects the interest of investment funds and other large institutional investors investing in the energy sector.

Regarding insider buys or sells, no significant changes are reported for the year 2025. This suggests that the management and other insiders are currently not making significant adjustments to their holdings, which could indicate a stable confidence in the company's development.

Market share of ADNOCDIST: Estimated 35% (2025)

Main competitors and their market shares:

1. Emirates National Oil Company (ENOC): 25%
2. Emirates General Petroleum Corporation (Emarat): 15%
3. Al-Futtaim Group (Petrol Stations Division): 10%
4. Shell UAE: 8%
5. TotalEnergies UAE: 7%

Moat of ADNOCDIST: ADNOCDIST has a significant moat, which is composed of several factors. Firstly, the company has a strong brand presence and extensive infrastructure in the United Arab Emirates, enabling it to operate efficiently and cost-effectively. Secondly, ADNOCDIST benefits from the support of its parent company Abu Dhabi National Oil Company, facilitating access to resources and capital.

Compared to competitors, ADNOCDIST has the advantage of an established market position and a broad customer base. While ENOC and Emarat are also strong regional players, they lack the same support from such a powerful parent company. Al-Futtaim Group and international companies like Shell and TotalEnergies also have strong brands, but not the same local roots and network capacity.

Overall, ADNOCDIST has a robust moat supported by its market leadership and strategic advantages, although competition in certain segments is also strong.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Dividend Yield: 4.5% (2024)

Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) recorded solid revenue growth of 8.5% in 2024. This reflects strong operational performance supported by increased demand for fuels and expansion into new markets.

The profit growth of 10.2% in 2024 demonstrates the company's ability to improve its margins and operate efficiently. This positive development is supported by strategic initiatives for cost reduction and efficiency enhancement.

With a dividend yield of 4.5%, ADNOC Distribution offers an attractive return for income investors. The company's stable dividend policy and strong cash flow generation support this payout.

Overall, ADNOC Distribution demonstrates strong financial performance and offers an attractive dividend yield, making it a potentially good investment, especially for investors interested in stable returns.

Dividend Yield: 4.8% (2025, estimated)
Dividend History: Continuous payouts for several years

Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) has pursued a reliable dividend policy in recent years. The company is known for its stable and regular dividend payments, making it an attractive option for income-oriented investors.

The estimated dividend yield of 4.8% in 2025 suggests that ADNOC Distribution continues to be able to offer attractive returns to its shareholders. The financial stability and strong market position of the company support the reliability of the payouts.