Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
ADNOC Distribution plans to launch five additional The Hub by ADNOC locations in 2026, after opening six new Hubs in 2025, as it accelerates its transformation into a broader mobility and convenience-led business.
Speaking to Aletihad, ADNOC Distribution’s Chief Financial Officer Ali Siddiqi said: “The Hub remains a key lever in our transformation into a mobility and convenience destination of choice. Based on the momentum we are seeing, we expect to add five more Hub locations in 2026, alongside continued disciplined expansion across the broader network.”
The Hub by ADNOC is a next-generation service station concept that integrates fuel, EV charging, retail, food and lifestyle offerings into a single destination designed to meet evolving mobility and consumer needs.
“The Hub by ADNOC is designed as a destination-led concept, not simply a larger station,” Siddiqi said, adding that the format is intended to encourage customers to spend more time on site and engage across multiple services.
“It reflects where we are heading as a business. When customers come to ADNOC Distribution, they are not only refuelling, but also accessing a broader retail and mobility experience built around convenience, quality and choice,” he said.
ADNOC Distribution has set a clear financial objective for the new concept. “By 2030, The Hub by ADNOC locations are expected to deliver annual EBITDA of $30 million,” Siddiqi said.
The company’s 2025 annual results highlighted a growing contribution from non-fuel activities to overall revenues. The results showed that non-fuel retail gross profit rose 14.4% year-on-year, while transactions increased by 9.3%.
“We are seeing strong performance across multiple income streams, including convenience stores, car wash and our growing property-led retail formats. Our strategy is to monetise the strength of our infrastructure and real estate footprint by expanding non-fuel verticals,” Siddiqi said.
At the end of 2025, ADNOC Distribution operated 567 stations and 384 Oasis stores in the UAE.
Addressing the profitability of the EV charging business, Siddiqi said: “From a margin perspective, EV charging can be as strong, or even stronger, than traditional fuels.”
During 2025, ADNOC Distribution installed 182 new fast and super-fast charging points, taking the total to 402 charging points.
“As EV adoption continues to accelerate, utilisation will rise steadily, and having the infrastructure in place early allows us to generate maximum value as the market matures,” he said, adding: “We remain firmly on track to reach up to 750 charging points by 2028.”
Siddiqi said ADNOC Distribution is evolving from a traditional fuel retailer into a mobility and convenience destination of choice.
“Mobility for us is no longer only hydrocarbons. Our stations will increasingly bring together fuel, EV charging, convenience retail and destination-led formats like The Hub, depending on the needs of each community and location,” he said, explaining the company’s pivot away from standalone traditional fuel stations.
“Over time, we expect a much larger share of earnings to come from non-fuel services, supported by our ambition for non-fuel retail transactions to double versus 2023 levels by 2030,” he added.
According to Siddiqi, 2025 marked the strongest full-year financial performance in the company’s history, with record EBITDA of $1.165 billion, up 11% year-on-year, and net profit of $760 million.
“2025 demonstrated that we can deliver record results while continuing to invest for long-term resilience, diversification and growth,” he said.
