Adnoc Distribution posts strong 4Q and 2025 earnings

Adnoc Distribution closed out 2025 on a firm footing, with 4Q net income up 15.1% y-o-y to AED 668.0 mn and revenue rising 7.0% to AED 9.5 bn, according to its management discussion and analysis report (pdf). The quarter was supported by a 7.7% increase in retail fuel volumes and a stronger non-fuel retail contribution, helping offset softer commercial volumes.

For FY 2025, net income climbed 15.4% to AED 2.8 bn, driven by volume growth, margin discipline, and network expansion — the company ended the year with 1k service stations after adding 119 sites, ahead of guidance. Revenue edged up 1.2% y-o-y to AED 35.9 bn.

Looking ahead: Adnoc Distribution said it plans to add 60-70 stations and 50-60 fast and superfast EV charging points in 2026. CEO Bader Al Lamki has also said the company has earmarked USD 250-300 mn a year for expansion across the UAE, Saudi Arabia, and Egypt.

NMDC Energy reports AED 1.6 bn in net income

NMDC’s EPC unit NMDC Energy posted a 14% y-o-y rise in net income, reaching AED 1.6 bn in 2025, according to its earnings release (pdf). The growth was underpinned by a 29% y-o-y surge in total revenues to AED 18.7 bn, driven by a capacity expansion and growth in international markets, which accounted for 30% of total revenues.

The group’s overall backlog stood at AED 40.1 bn at the end of the year, with the UAE accounting for 80% of the total. Its pipeline came in at AED 58.6 bn at end-2025, and the firm secured AED 13.9 bn worth of awarded projects in 2025.

It is also set to enter new markets, including Nigeria and Europe, the company’s CEO Ahmed Al Dhaheri told Asharq Business in an interview (watch, runtime: 11:44). NMDC rolled out new offices in Shanghai and Taiwan last year, according to its management and discussion analysis report (pdf).

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