ADNOC DIST

Abu Dhabi National Oil Company For Distribution

ADNOCDISTStocksAbu Dhabi Securities ExchangeConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	9.46B	9.33B	8.64B	8.47B	8.84B
Cost of Revenue	7.67B	7.58B	7.00B	6.90B	7.30B
Gross Profit	1.78B	1.74B	1.64B	1.57B	1.54B
SG&A	826.16M	735.95M	787.56M	767.22M	796.41M
Operating Expenses	948.89M	695.27M	758.10M	741.18M	809.81M
Operating Income	0.84B	1.05B	0.88B	0.83B	0.73B
Interest Income	17.00M	21.27M	15.03M	17.97M	27.15M
Interest Expense	-91.77M	-105.07M	-103.51M	-102.59M	-89.23M
Other Income/Expense	—	—	—	—	—
Pretax Income	758.56M	926.47M	768.84M	720.06M	682.12M
Income Tax	74.80M	96.05M	80.08M	71.97M	89.69M
Net Income	667.81M	810.86M	676.65M	638.68M	580.43M
EBITDA	1.00B	1.17B	1.05B	1.00B	0.90B
EBIT	0.84B	1.05B	0.88B	0.83B	0.73B
EPS (Basic)	0.05	0.06	0.05	0.05	0.05
EPS (Diluted)	0.05	0.06	0.05	0.05	0.05
Margins & Efficiency
Gross Margin %	+18.9%	+18.7%	+18.9%	+18.6%	+17.4%
EBITDA Margin %	+10.6%	+12.5%	+12.2%	+11.8%	+10.2%
Net Margin %	+7.1%	+8.7%	+7.8%	+7.5%	+6.6%
Revenue & Income
Revenue	9.46B	9.33B	8.64B	8.47B	8.84B
Revenue Growth (YoY)	+7.1%	+2.7%	-1.7%	-3.2%	-7.6%
Interest & Investment Income	17.00M	21.27M	15.03M	17.97M	27.15M
Gain (Loss) on Sale of Assets	-1.71M	—	—	—	8.47M
Expenses & Provisions
Cost of Revenue	7.67B	7.58B	7.00B	6.90B	7.30B
Selling, General & Admin	826.16M	735.95M	787.56M	767.22M	796.41M
Operating Expenses	948.89M	695.27M	758.10M	741.18M	809.81M
Other Operating Expenses	-110.35M	-40.68M	-29.46M	-26.04M	-41.87M
Interest Expense	-91.77M	-105.07M	-103.51M	-102.59M	-89.23M
Other Non Operating Income (Expenses)	—	—	—	—	—
Asset Writedown	-0.68M	-35.39M	-20.14M	-26.85M	5.79M
D&A For EBITDA	162.61M	121.38M	173.85M	166.78M	168.55M
Profitability & Returns
Gross Profit	1.78B	1.74B	1.64B	1.57B	1.54B
Gross Margin	+18.9%	+18.7%	+18.9%	+18.6%	+17.4%
EBIT	0.84B	1.05B	0.88B	0.83B	0.73B
EBIT Margin	+8.8%	+11.2%	+10.2%	+9.8%	+8.3%
EBITDA	1.00B	1.17B	1.05B	1.00B	0.90B
EBITDA Margin	+10.6%	+12.5%	+12.2%	+11.8%	+10.2%
EBT Excluding Unusual Items	760.95M	961.86M	788.99M	746.91M	667.87M
Pretax Income	758.56M	926.47M	768.84M	720.06M	682.12M
Operating Income	0.84B	1.05B	0.88B	0.83B	0.73B
Operating Margin	+8.8%	+11.2%	+10.2%	+9.8%	+8.3%
Profit Margin	+7.1%	+8.7%	+7.8%	+7.5%	+6.6%
Net Income	667.81M	810.86M	676.65M	638.68M	580.43M
Net Income to Common	667.81M	810.86M	676.65M	638.68M	580.43M
Net Income Growth	+15.1%	+21.5%	+8.6%	+16.2%	-14.3%
Earnings From Continuing Ops.	683.76M	830.43M	688.76M	648.09M	592.43M
Minority Interest in Earnings	-15.95M	-19.57M	-12.11M	-9.41M	-12.00M
Income Tax Expense	74.80M	96.05M	80.08M	71.97M	89.69M
Effective Tax Rate	+9.9%	+10.4%	+10.4%	+10.0%	+13.1%
Per Share & Capital
EPS (Basic)	0.05	0.06	0.05	0.05	0.05
EPS (Diluted)	0.05	0.06	0.05	0.05	0.05
EPS Growth	+15.1%	+21.5%	+8.6%	+16.2%	-14.3%
Dividend Per Share	—	—	0.10	—	0.10
Shares Change (YoY)	-0	-0	-0	—	—
Shares Outstanding (Basic)	12.50B	12.50B	12.50B	12.50B	12.50B
Shares Outstanding (Diluted)	12.50B	12.50B	12.50B	12.50B	12.50B
Free Cash Flow	0.80B	0.92B	1.01B	0.01B	0.81B
Free Cash Flow Margin	+8.4%	+9.9%	+11.7%	+0.2%	+9.2%
Free Cash Flow Per Share	0.06	0.07	0.08	0.00	0.07
Payout Ratio	+192.5%	—	+194.1%	—	+221.5%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	9.46B	9.33B	8.64B	8.47B	8.84B
Cost of Revenue	7.67B	7.58B	7.00B	6.90B	7.30B
Gross Profit	1.78B	1.74B	1.64B	1.57B	1.54B
SG&A	826.16M	735.95M	787.56M	767.22M	796.41M
Operating Expenses	948.89M	695.27M	758.10M	741.18M	809.81M
Operating Income	0.84B	1.05B	0.88B	0.83B	0.73B
Interest Income	17.00M	21.27M	15.03M	17.97M	27.15M
Interest Expense	-91.77M	-105.07M	-103.51M	-102.59M	-89.23M
Other Income/Expense	—	—	—	—	—
Pretax Income	758.56M	926.47M	768.84M	720.06M	682.12M
Income Tax	74.80M	96.05M	80.08M	71.97M	89.69M
Net Income	667.81M	810.86M	676.65M	638.68M	580.43M
EBITDA	1.00B	1.17B	1.05B	1.00B	0.90B
EBIT	0.84B	1.05B	0.88B	0.83B	0.73B
EPS (Basic)	0.05	0.06	0.05	0.05	0.05
EPS (Diluted)	0.05	0.06	0.05	0.05	0.05
Margins & Efficiency
Gross Margin %	+18.9%	+18.7%	+18.9%	+18.6%	+17.4%
EBITDA Margin %	+10.6%	+12.5%	+12.2%	+11.8%	+10.2%
Net Margin %	+7.1%	+8.7%	+7.8%	+7.5%	+6.6%
Revenue & Income
Revenue	9.46B	9.33B	8.64B	8.47B	8.84B
Revenue Growth (YoY)	+7.1%	+2.7%	-1.7%	-3.2%	-7.6%
Interest & Investment Income	17.00M	21.27M	15.03M	17.97M	27.15M
Gain (Loss) on Sale of Assets	-1.71M	—	—	—	8.47M
Expenses & Provisions
Cost of Revenue	7.67B	7.58B	7.00B	6.90B	7.30B
Selling, General & Admin	826.16M	735.95M	787.56M	767.22M	796.41M
Operating Expenses	948.89M	695.27M	758.10M	741.18M	809.81M
Other Operating Expenses	-110.35M	-40.68M	-29.46M	-26.04M	-41.87M
Interest Expense	-91.77M	-105.07M	-103.51M	-102.59M	-89.23M
Other Non Operating Income (Expenses)	—	—	—	—	—
Asset Writedown	-0.68M	-35.39M	-20.14M	-26.85M	5.79M
D&A For EBITDA	162.61M	121.38M	173.85M	166.78M	168.55M
Profitability & Returns
Gross Profit	1.78B	1.74B	1.64B	1.57B	1.54B
Gross Margin	+18.9%	+18.7%	+18.9%	+18.6%	+17.4%
EBIT	0.84B	1.05B	0.88B	0.83B	0.73B
EBIT Margin	+8.8%	+11.2%	+10.2%	+9.8%	+8.3%
EBITDA	1.00B	1.17B	1.05B	1.00B	0.90B
EBITDA Margin	+10.6%	+12.5%	+12.2%	+11.8%	+10.2%
EBT Excluding Unusual Items	760.95M	961.86M	788.99M	746.91M	667.87M
Pretax Income	758.56M	926.47M	768.84M	720.06M	682.12M
Operating Income	0.84B	1.05B	0.88B	0.83B	0.73B
Operating Margin	+8.8%	+11.2%	+10.2%	+9.8%	+8.3%
Profit Margin	+7.1%	+8.7%	+7.8%	+7.5%	+6.6%
Net Income	667.81M	810.86M	676.65M	638.68M	580.43M
Net Income to Common	667.81M	810.86M	676.65M	638.68M	580.43M
Net Income Growth	+15.1%	+21.5%	+8.6%	+16.2%	-14.3%
Earnings From Continuing Ops.	683.76M	830.43M	688.76M	648.09M	592.43M
Minority Interest in Earnings	-15.95M	-19.57M	-12.11M	-9.41M	-12.00M
Income Tax Expense	74.80M	96.05M	80.08M	71.97M	89.69M
Effective Tax Rate	+9.9%	+10.4%	+10.4%	+10.0%	+13.1%
Per Share & Capital
EPS (Basic)	0.05	0.06	0.05	0.05	0.05
EPS (Diluted)	0.05	0.06	0.05	0.05	0.05
EPS Growth	+15.1%	+21.5%	+8.6%	+16.2%	-14.3%
Dividend Per Share	—	—	0.10	—	0.10
Shares Change (YoY)	-0	-0	-0	—	—
Shares Outstanding (Basic)	12.50B	12.50B	12.50B	12.50B	12.50B
Shares Outstanding (Diluted)	12.50B	12.50B	12.50B	12.50B	12.50B
Free Cash Flow	0.80B	0.92B	1.01B	0.01B	0.81B
Free Cash Flow Margin	+8.4%	+9.9%	+11.7%	+0.2%	+9.2%
Free Cash Flow Per Share	0.06	0.07	0.08	0.00	0.07
Payout Ratio	+192.5%	—	+194.1%	—	+221.5%