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Abu Dhabi National Oil Co Distribution reports strong Q2 results

Published 07/08/2025, 10:12
Abu Dhabi National Oil Co Distribution reports strong Q2 results
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Investing.com -- Abu Dhabi National Oil Co Distribution reported underlying EBITDA of AED1,042 million, exceeding company-compiled consensus by 8.0%.

The company’s net income surpassed consensus expectations by 10.5%.

While fuel volumes met analyst expectations, the earnings beat was primarily driven by strong corporate margins, with EBITDA reaching AED0.24 per liter.

Following these results, management has revised its guidance for fiscal year 2025 upward. The company now expects to open 60-70 new stations in 2025, up from its previous forecast of 40-50 stations. This increase is attributed to stronger growth in Saudi Arabia.

The company announced a dividend of AED1,285 million for the first half of 2025, which aligns with guidance.

At the end of the quarter, Abu Dhabi National Oil Co Distribution’s net debt to EBITDA ratio stood at 0.8x, compared to 0.69x in December 2024.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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