Financial Statements

ADNOC Classification: Need-To-Know Review report and interim financial information For the three-month period ended 31 March 2024 1

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Review report and interim financial information for the three-month period ended 31 March 2024 Director’s report 3 Report on review of interim financial information 4 Interim condensed consolidated statement of financial position 5 Interim condensed consolidated statement of profit or loss 6 Interim condensed consolidated statement of comprehensive income 7 Interim condensed consolidated statement of changes in equity 8 Interim condensed consolidated statement of cash flows 9 Notes to the interim condensed consolidated financial statements 10-25 2

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Directors’ report for the three-month period ended 31 March 2024 The Directors present their report together with the interim financial information of Abu Dhabi National Oil Company for Distribution PJSC (the “Company”) and its subsidiaries (collectively referred to as “the Group”) for the three-month period ended 31 March 2024. Principal activities The principal activities of the Group are the marketing of petroleum products, compressed natural gas and ancillary products. Review of business During the period, the Group reported revenue of AED 8,749,736 thousand (31 March 2023: AED 7,998,430 thousand). Profit for the period was AED 527,695 thousand (31 March 2023: AED 541,909 thousand). The appropriation of the results for the period is follows: 31 March 2024 (unaudited) AED’000 Retained earnings as at 1 January 2024 1,971,140 Profit for the period 527,695 Dividends declared (1,285,625) Non-controlling interests 21,945 Retained earnings as at 31 March 2024 1,235,155 For the Board of Directors Chairman 8 May 2024 Abu Dhabi, UAE 3

Grant Thornton Audit and Accounting Limited – Abu Dhabi th Office 1101, 11 Floor Al Kamala Tower st Zayed the 1 Street Khalidiya Abu Dhabi, UAE T +971 2 666 9750 www.grantthornton.ae REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION TO THE BOARD OF DIRECTORS OF ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Introduction We have reviewed the accompanying interim condensed consolidated statement of financial position of Abu Dhabi National Oil Company for Distribution PJSC (“ADNOC Distribution” or “the Company”) and its subsidiaries (collectively referred to as “the Group”) as at 31 March 2024 and the related interim condensed consolidated statement of profit or loss and the interim condensed consolidated statement of comprehensive income for the three-month period then ended and the interim condensed consolidated statement of changes in equity and the interim condensed consolidated statement of cash flow for the three-month period then ended and other related explanatory notes. Management is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’ as issued by the International Accounting Standards Board (IASB). Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’ as issued by the IASB. GRANT THORNTON UAE Dr. Osama El-Bakry Registration No. 935 Abu Dhabi, United Arab Emirates 8 May 2024 © 2024 Grant Thornton UAE - All rights reserved. Grant Thornton UAE represents all legal licenses under which Grant Thornton Audit and grantthornton.ae Accounting Limited Corporation, A British Virgin Islands (“BVI”) registered Branch, operate in the UAE. These licenses include the Abu Dhabi, Dubai and Sharjah based branches – Grant Thornton Audit and Accounting Limited – registered with the Abu Dhabi Global Market – Grant 4 Thornton Audit and Accounting Limited Corporation BVI – registered with the Dubai Financial Services Authority. “Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Interim condensed consolidated statement of financial position as at 31 March 2024 31 March 2024 31 December 2023 (unaudited) (audited) Note AED’000 AED’000 Assets Non-current assets Property, plant and equipment 5 7,162,500 7,189,661 Right-of-use assets 10 1,768,614 1,778,418 Goodwill and intangible assets 6 1,016,799 1,053,811 Advances to contractors 57,781 38,466 Deferred tax assets 11,822 2,166 Other non-current assets 12,866 15,551 Total non-current assets 10,030,382 10,078,073 Current assets Inventories 7 1,417,262 1,294,423 Trade receivables and other current assets 8 3,474,897 3,519,413 Due from related parties 9 919,884 805,558 Term deposits 11 200,225 200,225 Cash and bank balances 11 3,394,890 2,993,937 Total current assets 9,407,158 8,813,556 Total assets 19,437,540 18,891,629 Equity and liabilities Equity Share capital 1,000,000 1,000,000 Statutory reserve 503,921 503,921 Foreign currency translation reserve (39,875) (2,995) Retained earnings 1,235,155 1,971,140 Equity attributable to owners of the Company 2,699,201 3,472,066 Non-controlling interests 264,942 323,767 Total equity 2,964,143 3,795,833 Non-current liabilities Lease liabilities 10 1,551,923 1,564,251 Borrowings 12 5,491,698 5,492,280 Provision for decommissioning 14 152,002 149,362 Provision for employees’ end of service benefit 196,144 192,271 Deferred tax liability 132,704 134,962 Other non-current liabilities 8,583 10,671 Total non-current liabilities 7,533,054 7,543,797 Current liabilities Lease liabilities 10 187,549 183,013 Trade and other payables 13 3,780,987 2,541,355 Due to related parties 9 4,971,807 4,827,631 Total current liabilities 8,940,343 7,551,999 Total liabilities 16,473,397 15,095,796 Total equity and liabilities 19,437,540 18,891,629 To the best of our knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the interim condensed consolidated financial statements present fairly in all material respects the consolidated financial position, financial performance and cash flows of the Group. Wayne Beifus Bader Saeed Al Lamki Dr. Sultan Ahmed Al Jaber Chief Financial Officer Chief Executive Officer Chairman of the Board of Directors The accompanying notes form an integral part of these interim condensed consolidated financial statements. 5

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Interim condensed consolidated statement of profit or loss For the three-month period ended 31 March 2024 3 months ended 31 March 2024 31 March 2023 Note AED’000 AED’000 Revenue 15 8,749,736 7,998,430 Direct costs (7,269,133) (6,734,540) Gross profit 1,480,603 1,263,890 Distribution and administrative expenses 16 (772,741) (668,774) Other income 44,605 48,655 Impairment losses and other operating expenses (17,245) (17,920) Operating profit 735,222 625,851 Interest income 47,938 15,176 Finance costs (209,163) (94,787) Profit for the period before tax 573,997 546,240 Income tax expense (46,302) (4,331) Profit for the period 527,695 541,909 Attributable to: Equity holders of the Company 549,640 537,321 Non-controlling interests (21,945) 4,588 527,695 541,909 Basic and diluted earnings per share 17 0.044 0.043 The accompanying notes form an integral part of these interim condensed consolidated financial statements. 6

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Interim condensed consolidated statement of comprehensive income For the three-month period ended 31 March 2024 3 months ended 31 March 2024 31 March 2023 AED’000 AED’000 Profit for the period 527,695 541,909 Items that may be reclassified to profit or loss in subsequent periods Exchange differences on translation of foreign operations (73,760) (3,824) Other comprehensive loss for the period (73,760) (3,824) Total comprehensive income for the period 453,935 538,085 Attributable to: Equity holders of the Company 512,760 535,409 Non-controlling interests (58,825) 2,676 453,935 538,085 The accompanying notes form an integral part of these interim condensed consolidated financial statements. 7

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Interim condensed consolidated statement of changes in equity For the three-month period ended 31 March 2024 Equity Foreign attributable currency to equity Non- Share Statutory translatio Retained holders of controlling capital reserve n reserve earnings the parent interest Total Equity AED’000 AED’000 AED’000 AED’000 AED’000 AED’000 AED’000 Balance as at 1 January 2023 (audited) 1,000,000 500,000 - 1,944,890 3,444,890 - 3,444,890 Profit for the period - - - 537,321 537,321 4,588 541,909 Other comprehensive loss for the period - - (1,912) - (1,912) (1,912) (3,824) Dividends declared (note 23) - - - (1,285,625) (1,285,625) - (1,285,625) Acquisition of a subsidiary - - - - - 95,921 95,921 Balance as at 31 March 2023 (unaudited) 1,000,000 500,000 (1,912) 1,196,586 2,694,674 98,597 2,793,271 Balance as at 1 January 2024 (audited) 1,000,000 503,921 (2,995) 1,971,140 3,472,066 323,767 3,795,833 Profit for the period - - - 549,640 549,640 (21,945) 527,695 Other comprehensive loss for the period - - (36,880) - (36,880) (36,880) (73,760) Dividends declared (note 23) - - - (1,285,625) (1,285,625) - (1,285,625) Balance as at 31 March 2024 (unaudited) 1,000,000 503,921 (39,875) 1,235,155 2,699,201 264,942 2,964,143 The accompanying notes form an integral part of these interim condensed consolidated financial statements. 8

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Interim condensed consolidated statement of cash flow For the three-month period ended 31 March 2024 3 months ended 31 March 2024 31 March 2023 AED’000 AED’000 Cash flows from operating activities Profit for the period before tax 573,997 546,240 Adjustments for: Depreciation of property, plant and equipment 130,481 118,715 Depreciation of right-of-use assets 35,618 29,618 Amortization of intangible assets 11,274 1,884 Impairment losses on receivables 15,443 6,507 Recoveries on receivables (2,827) (2,283) Employees’ end of service benefit charge 8,239 9,185 Inventories written-off 1,086 - (Gain)/loss on disposal of property, plant and equipment (17,055) 786 Finance costs 209,163 101,045 Interest income (47,938) (15,176) Operating cash flows before movements in working capital 917,481 796,521 Increase in inventories (121,753) (54,333) Decrease/(increase) in trade receivables and other current assets 57,132 (145,137) (Increase)/decrease in due from related parties (114,326) 33,967 (Decrease)/increase in trade and other payables (13,534) 15,854 Increase in due to related parties 144,176 616,354 Cash generated from operating activities 869,176 1,263,226 Payment of employees’ end of service benefit (4,366) (6,214) Net cash generated from operating activities 864,810 1,257,012 Cash flows from investing activities Payments for purchases of property, plant and equipment (273,324) (198,249) Payments for advances to contractors (27,615) (12,620) Proceeds from disposal of property, plant and equipment 17,273 1,726 Interest received 47,938 15,176 Payments for acquisition of subsidiary, net of cash acquired - (542,755) Net cash used in investing activities (235,728) (736,722) Cash flows from financing activities Payment of lease liabilities (54,707) (43,054) Proceeds from borrowings - 230 Repayment of borrowings (478) - Dividends paid - (1,285,625) Finance cost paid (78,640) (53,220) Net cash used in financing activities (133,825) (1,381,669) Net increase / (decrease) in cash and cash equivalents 495,257 (861,379) Cash and cash equivalents at the beginning of the period 2,993,937 2,617,099 Effect of foreign exchange rate changes (94,304) (3,428) Cash and cash equivalents at the end of the period 3,394,890 1,752,292 Non-cash transactions Accruals for property, plant and equipment 509,379 388,115 Advances to contractors transferred to property, plant and equipment 8,300 8,641 Additions to right of use assets for land leases 109,113 275,374 9

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 1. General information Abu Dhabi National Oil Company for Distribution PJSC (“ADNOC Distribution” or the “Company”), formerly Abu Dhabi National Oil Company for Distribution, is a company incorporated by Law No. 13 of 1973 issued by His Highness the Acting Ruler of the Emirate of Abu Dhabi. On 22 November 2017, Law No. 15 of 2017 (the “New Law of Establishment”) was issued replacing Law No. 13 of 1973 in respect of the incorporation of Abu Dhabi National Oil Company for Distribution PJSC, a public joint stock company registered with the commercial register in Abu Dhabi under commercial licence number CN-1002757 issued by Abu Dhabi Department of Economic Development. The Articles of Association of the Company became effective as of 22 November 2017, at the same time that the New Law of Establishment was issued and became effective. The duration of the Company is 100 Gregorian years commencing on the date of issuance of the New Law of Establishment. The head office of the Company and ADNOC Distribution Global Company L.L.C. (“ADGC LLC”) are registered at P.O. Box 4188, Abu Dhabi, United Arab Emirates. The Company, ADGC LLC and its subsidiaries are collectively referred to as the “Group”. The Company’s shares are listed on the Abu Dhabi Securities Exchange. The principal activities of the Group are the marketing of petroleum products, natural gas and ancillary products. The Group owns retail fuel stations in the United Arab Emirates (UAE), the Arab Republic of Egypt and the Kingdom of Saudi Arabia. The Group is a marketer and distributor of fuels and lubricants to corporate and government customers throughout the UAE. In addition, the Group provides refueling and related services at eight airports in the UAE and provides a compressed natural gas distribution network in Abu Dhabi. The Group also exports its proprietary Voyager lubricants to distributors in various countries, across the GCC, Africa and Asia. The Group operates “ADNOC Oasis” convenience stores at a majority of its service stations, and leases retail and other space to tenants, such as quick service restaurants. The Group also performs marketing activities and the distribution of petroleum products, motor oils, fuels and specialties in Egypt. In addition, it is also involved in constructing, owning and operating cafeterias through service stations in Egypt. 2. Application of new and revised International Financial Reporting Standards (IFRS) The following new and revised IFRSs, which became effective for annual periods beginning on or after 1 January 2024, have been applied in these interim condensed consolidated financial statements: • Amendment to IFRS 16 – Leases on sale and leaseback These amendments include requirements for sale and leaseback transactions in IFRS 16 to explain how an entity accounts for a sale and leaseback after the date of the transaction. Sale and leaseback transactions where some or all the lease payments are variable lease payments that do not depend on an index or rate are most likely to be impacted. • Amendment to IAS 1 – Non-current liabilities with covenants These amendments clarify how conditions with which an entity must comply within twelve months after the reporting period affect the classification of a liability. The amendments also aim to improve information an entity provides related to liabilities subject to these conditions. • Amendment to IAS 7 and IFRS 7 - Supplier finance These amendments require disclosures to enhance the transparency of supplier finance arrangements and their effects on an entity’s liabilities, cash flows and exposure to liquidity risk. The disclosure requirements are the IASB’s response to investors’ concerns that some companies’ supplier finance arrangements are not sufficiently visible, hindering investors’ analysis. 10

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 2. Application of new and revised International Financial Reporting Standards (IFRS) (continued) The application of these revised IFRSs has not had any material impact on the amounts reported for the current and prior years but may affect the accounting for future transactions or arrangements. New and amended IFRS Standards in issue but not yet effective and not early adopted • Amendments to IAS 21 - Lack of Exchangeability An entity is impacted by the amendments when it has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date for a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and obligations. • IFRS 18 — Presentation and Disclosure in Financial Statements IFRS 18 includes requirements for all entities applying IFRS for the presentation and disclosure of information in financial statements. IFRS 18 was issued in April 2024 and applies to an annual reporting period beginning on or after 1 January 2027. Management anticipates that these new standards and amendments will be adopted in the Group’s consolidated financial statements as and when they are applicable and adoption of these new standards and amendments, may have no material impact on the consolidated financial statements of the Group in the period of initial application. 3. Summary of significant accounting policies 3.1 Statement of compliance These interim condensed consolidated financial statements have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting and comply with the applicable requirements of the laws in the UAE. These interim condensed consolidated financial statements do not include all the information and disclosures required in the annual consolidated financial statements and should be read in conjunction with the Group’s consolidated financial statements for the year ended 31 December 2023. In addition, results for the three-month period ended 31 March 2024 are not necessarily indicative of the results that may be expected for the financial year ending 31 December 2024. 3.2 Basis of preparation These interim condensed consolidated financial statements are presented in UAE Dirhams (AED), which is the Company’s functional currency and the Group’s presentation currency, and all values are rounded to the nearest thousands (AED’000) except when otherwise indicated. These interim condensed consolidated financial statements have been prepared on a historical cost basis. The accounting policies used in the preparation of these interim condensed consolidated financial statements are consistent with those applied to the audited annual consolidated financial statements for the year ended 31 December 2023, except for the policies disclosed below and the adoption of new standards and interpretations effective 1 January 2024. 3.3 Basis of Consolidation The interim condensed consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved when the Company: • Has power over the investee • Is exposed, or has rights, to variable returns from its involvement • Has the ability to use its power to affect its returns The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. 11

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 3. Summary of significant accounting policies (continued) 3.3 Basis of Consolidation (continued) When the Company has less than a majority of the voting rights of an investee, it considers that it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Company considers all relevant facts and circumstances in assessing whether or not the Company’s voting rights in an investee are sufficient to give it power, including: • The size of the Company’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders • Potential voting rights held by the Company, other vote holders or other parties • Rights arising from other contractual arrangements • Any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases when the Company loses control of the subsidiary. Specifically, the results of subsidiaries acquired or disposed of during the year are included in profit or loss from the date the Company gains control until the date when the Company ceases to control the subsidiary. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Group’s accounting policies. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the members of the Group are eliminated on consolidation. Non-controlling interests Non-controlling interests in subsidiaries are identified separately from the Group’s equity therein. Those interests of non- controlling shareholders that are present ownership interests entitling their holders to a proportionate share of net assets upon liquidation may initially be measured at fair value or at the non-controlling interests’ proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement is made on an acquisition by-acquisition basis. Other non-controlling interests are initially measured at fair value. Subsequent to acquisition, the carrying amount of non- controlling interests is the amount of those interests at initial recognition plus the noncontrolling interests’ share of subsequent changes in equity. Profit or loss and each component of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of the subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance. Details of the Company’s significant subsidiaries and effective ownership interest are given below: Name of Subsidiary Ownership interest Country of Principal activities incorporation 2024 2023 Commercial agencies, commercial ADNOC Distribution 100% 100% U.A.E. enterprises, retail and distribution, Global Company LLC investment, institution and management Performing marketing activities and distribution of petroleum products, Total Energies Marketing 50% 50% Egypt motor oils, fuels and specialties. Egypt LLC Constructing, owning, and operating catering and cafeterias through service stations. The Group acquired 50% ownership interest in Total Energies Marketing Egypt LLC (note 19) through its indirect subsidiary ADNOC Distribution Egypt Holding RSC Limited, a wholly-owned entity of ADGC LLC. 12

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 3. Summary of significant accounting policies (continued) 3.4 Income tax Current tax and deferred tax are recognised as income or expense in the profit or loss for the year, except in cases in which the tax results from a process or an event that is recognised at the same time or in a different year outside the profit or loss, whether in other comprehensive income or in equity directly or business combination. Current income tax The current tax for the current year and prior years and that have not been paid are recognised as a liability, but if the taxes that have already been paid in the current year or prior years are excess of the value payable for these years, this increase is recognised as an asset. The taxable current liabilities (assets) for the current year and prior years are measured at expected value paid to (recovered from) the tax authority, using the current tax rates (and tax laws) or in the process to be issued by the end of the financial year. Tax assets and liabilities are set-off only when certain conditions are met. Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for: • The initial recognition of goodwill. • The initial recognition of assets or liabilities in a transaction that: o Is not a business combination. o Does not affect neither accounting nor taxable profit (or loss). • Temporary differences related to investments in subsidiaries, associates and joint arrangements to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future. • Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the Group’s future business plans. Deferred tax assets are reassessed at each reporting date, and recognised to the extent that it has become probable that future taxable profits will be available against which they can be used. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are set-off only if certain conditions are met. 3.5 Foreign currencies In preparing the financial statements of the Group entities, transactions in currencies other than the Group’s functional currency (foreign currencies) are recognised at the rates of exchange prevailing on the dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are translated at the rates prevailing at the date when the fair value was determined. Nonmonetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences are recognised in profit or loss in the period in which they arise except for: • Exchange differences on foreign currency borrowings relating to assets under construction for future productive use, which are included in the cost of those assets when they are regarded as an adjustment to interest costs on those foreign currency borrowings • Exchange differences on transactions entered into to hedge certain foreign currency risks 13

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 3. Summary of significant accounting policies (continued) 3.5 Foreign currencies (continued) • Exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur in the foreseeable future (therefore forming part of the net investment in the foreign operation), which are recognised initially in other comprehensive income and reclassified from equity to profit or loss on disposal or partial disposal of the net investment For the purpose of presenting consolidated financial statements, the assets and liabilities of the Group’s foreign operations are translated at exchange rates prevailing on the reporting date. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognised in other comprehensive income and accumulated in a foreign exchange translation reserve (allocated proportionately to owners of the company and non-controlling interest). On the disposal of a foreign operation, all of the exchange differences accumulated in a foreign exchange translation reserve in respect of that operation attributable to the owners of the Company are reclassified to profit or loss. In addition, in relation to a partial disposal of a subsidiary that includes a foreign operation that does not result in the Group losing control over the subsidiary, the proportionate share of accumulated exchange differences are reattributed to non-controlling interests and are not recognised in profit or loss. For all other partial disposals, the proportionate share of the accumulated exchange differences is reclassified to profit or loss. Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing rate. Exchange differences arising are recognised in other comprehensive income. 4 Critical accounting judgments and key sources of estimation uncertainty The preparation of these interim condensed consolidated financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. In preparing these interim condensed consolidated financial statements, the significant judgments made by management in applying the Group’s accounting policies, and the key sources of estimates uncertainty were the same as those applied in the Group consolidated financial statements as at and for the year ended 31 December 2023, except for the adoption of new standards and interpretations effective 1 January 2024. 14

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 5 Property, plant, and equipment 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Net book value at beginning of the period/year 7,189,661 6,385,075 Additions during the period/year 180,886 1,204,425 Recognised as part of business combination (note 19) - 150,760 Transfers during the period/year (7,161) (28,254) Depreciation charge for the period/year (130,481) (507,107) Disposals during the period/year (218) (3,363) Impairment - (4,980) Exchange differences (70,187) (6,895) 7,162,500 7,189,661 6 Intangibles 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Balance at beginning of the period/year 1,053,811 1,128 Recognised as part of business combination (note 19) - 1,070,897 Transfers during the period/year 7,161 28,253 Amortisation charge for the period (11,274) (43,046) Disposals during the period/year - (8) Impairment reversals 27 148 Exchange differences (32,926) (3,561) 1,016,799 1,053,811 7 Inventories 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Finished goods 1,227,951 1,099,902 Spare parts and consumables 127,732 135,869 Lubricants raw materials, consumables, and work in progress 35,637 36,781 LPG cylinders 35,075 32,263 1,426,395 1,304,815 Allowance for slow moving and obsolete inventories (9,133) (10,392) 1,417,262 1,294,423 8 Trade receivables and other current assets 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Trade receivables 3,308,313 3,323,246 Less: Allowance for expected credit losses (91,552) (90,264) 3,216,761 3,232,982 Prepaid expenses 49,016 50,631 Receivable from employees 108,078 109,918 VAT receivables 29,817 32,010 Other receivables 71,225 93,872 3,474,897 3,519,413 15

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 8. Trade receivables and other current assets (continued) Movement in the allowance for expected credit losses is as follows: 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Opening balance 90,264 66,013 Charge for the period/year 15,443 27,766 Recognised as part of business combination (note 19) - 2,525 Written-off during the period/year (11,153) - Recovery made during the period/year (2,827) (5,925) Exchange differences (175) (115) Closing balance 91,552 90,264 9. Related party balances and transactions Related parties represent the Parent Company and its subsidiaries, directors and key management personnel of the Group and entities controlled, jointly controlled or significantly influenced by such parties. Pricing policies and terms of these transactions are approved by the Group’s management. Related party balances: 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Due from related parties ADNOC Drilling 297,852 242,981 ADNOC Logistics and Services 244,156 228,480 Abu Dhabi National Oil Company (ADNOC) 195,258 131,972 ADNOC Onshore 63,903 78,157 ADNOC Offshore 26,652 24,205 ADNOC Gas Processing 13,408 15,352 ADNOC Sour Gas 4,024 5,095 ADNOC others 31,467 33,412 TotalEnergies & its affiliates 43,164 45,904 919,884 805,558 Due to related parties Abu Dhabi National Oil Company (ADNOC) 4,787,695 4,611,600 ADNOC Logistics and Services 2,524 305 ADNOC others 31 - TotalEnergies & its affiliates 181,557 215,726 4,971,807 4,827,631 The amounts due from related parties are against the provision of petroleum products and services. These balances are unsecured, bear no interest and have an average credit period of 30-60 days. The amounts due to related parties are outstanding against purchases of petroleum products, vessel hires and port charges and administrative charges. These balances are unsecured, bear no interest and are payable on demand. The Group has an amount of AED 3,409,320 thousand (31 December 2023: AED 2,872,237 thousand) held with banks in which the Government of Abu Dhabi has a significant or majority stake through different investment vehicles. The Group has a term loan from banks in which the Government of Abu Dhabi has a significant or majority stake through different investment vehicles amounting to AED 4,131,563 thousand (31 December 2023: AED 4,131,563 thousand). 16

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 9. Related party balances and transactions (continued) Amounts relating to TotalEnergies and its affiliates pertain to the related party balances and transactions of the Group’s newly acquired subsidiary, TotalEnergies Marketing Egypt LLC, in 2023 (note 19). The Company entered into a sub-lease agreement with the Parent Company for a property located in Industrial City of Abu Dhabi for a term of 42 years commencing 1 January 2023. In this respect, the Company has recognised a right-of-use asset and a lease liability amounting to AED 210.7 million. In 2023, the Company entered into an amendment agreement to a lease for an office space with the Parent Company. Related party transactions: 31 March 2024 31 March 2023 (unaudited) (unaudited) AED’000 AED’000 ADNOC Group Revenue 452,454 443,746 Purchases 6,406,133 5,793,327 TotalEnergies and its affiliates Revenue 130,880 5,587 Purchases 26,507 67,475 Management Fee & services 36,427 7,068 The Group provides in the normal course of business petroleum distribution services to entities owned and controlled by the Government of Abu Dhabi. The Group has elected to use the exemption under IAS 24 Related Party Disclosures for Government related entities on disclosing transactions and related outstanding balances with government related parties owned by the Government of Abu Dhabi other than the Parent Company and entities it owns and controls. 10. Right-of-use assets and lease liabilities Right-of-use assets 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Opening balance 1,778,418 1,373,338 Additions related to land lease 109,113 511,560 Additions to decommissioning 1,572 9,394 Recognised as part of business combination (note 19) - 98,694 Reversal due to terminated contracts (20,418) (51,316) Depreciation charge during the period/year (35,618) (146,412) Modifications during the period/year - (9,173) Exchange differences (64,453) (7,667) Closing balance 1,768,614 1,778,418 17

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 10. Right-of-use assets and lease liabilities (continued) Lease liabilities 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Opening balance 1,747,264 1,314,327 Additions 109,113 511,560 Recognised as part of business combination (note 19) - 98,694 Accretion of interest 25,366 95,567 Reversal due to terminated contracts (21,847) (55,515) Payments (54,707) (200,322) Modifications - (9,173) Exchange differences (65,717) (7,874) Closing balance 1,739,472 1,747,264 Current 187,549 183,013 Non-Current 1,551,923 1,564,251 Closing balance 1,739,472 1,747,264 11. Cash and bank balances Cash and cash equivalents in the statement of cash flows consist of the following amounts: 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Cash and bank balances 3,394,890 2,993,937 Short term deposits with original maturities greater than three months 200,225 200,225 Cash and bank balances include short-term and call deposits amounting to AED 3,239,159 thousand (2023: AED 2,672,013 thousand) carrying interest rate ranging from 0.30% to 5.40% (31 December 2023: 0.30% to 5.40%) per annum. 12. Borrowings 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Term loan- non current 5,491,698 5,492,280 5,491,698 5,492,280 On 26 October 2022, the Company refinanced its maturing term loan originally taken in November 2017 for another 5- year term with a set of lenders. The Company also entered into a new corporate revolving credit facilities agreement with the Parent Company for an amount of USD 375,000 thousand and AED 1,377,188 thousand to be used for general corporate purposes. The transaction costs allocated to the revolving facility have been capitalised and will be amortised on a straight-line basis over the term of the agreement. Transaction costs amounting to AED 9,870 thousand (31 December 2023: 10,558 thousand) are presented as part of the other non-current assets. 18

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 12. Borrowings (continued) The new term loan facility carries a variable interest at Secured Overnight Financing Rate plus a margin of 0.85% for USD denominated facility portion and EIBOR plus a margin of 0.60% for AED denominated facility portion. In 2023, the Company and its lenders has agreed to amend and convert the term loan facility to a sustainability linked loan. The converted loan facility contains Environment, Social and Governance covenants which is linked to the margin on the loan. 13. Trade and other payables 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Trade payables 688,817 583,141 Capital accruals 509,379 610,117 Operating accruals 164,742 289,098 VAT payable 290,318 317,956 Coupon and prepaid card sales outstanding 120,108 114,831 Contract retentions payable 135,090 122,535 Advances from customers 52,668 67,539 Dividend payable 1,306,271 31,622 Other payables 513,594 404,516 3,780,987 2,541,355 14. Provision for decommissioning The provision for decommissioning obligation is with respect to the dismantling obligation regarding the service stations built on leased lands in Dubai and Northern Emirates in UAE. 31 March 2024 31 December 2023 (unaudited) (audited) AED’000 AED’000 Opening balance 149,362 134,532 Additions during the period/year 1,572 9,394 Accretion of interest 1,645 5,436 Exchange differences (577) - Closing balance 152,002 149,362 19

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 15. Revenue The Group derives its revenue from contracts with customers for the transfer of goods and services over time and at a point in time in the following major lines of business. This is consistent with the revenue information that is disclosed for each reportable segment under IFRS 8 Operating Segments (note 18): 3 months ended 31 March 2024 31 March 2023 (unaudited) (unaudited) AED’000 AED’000 Retail (B2C) Fuel 5,401,866 4,936,913 Non-fuel 365,976 322,866 Commercial (B2B) Corporate 2,587,420 2,430,423 Aviation 394,474 308,228 8,749,736 7,998,430 16. Distribution and administrative expenses 3 months ended 31 March 2024 31 March 2023 (unaudited) (unaudited) AED’000 AED’000 Staff costs 393,363 361,149 Depreciation and amortisation 177,372 150,217 Repairs, maintenance and consumables 38,722 44,109 Utilities 54,973 33,853 Distribution and marketing expenses 21,392 4,419 Insurance 2,869 4,886 Others 84,050 70,141 772,741 668,774 17. Earnings per share (EPS) Basic EPS amounts are calculated by dividing profit for the period attributable to ordinary equity holders of the Company by the weighted average number of ordinary shares outstanding during the period. As there are no dilutive instruments outstanding, basic and diluted earnings per share are identical. The calculation of basic and diluted EPS attributable to the owners of the Company based on the following data: 3 months ended 31 March 2024 31 March 2023 (unaudited) (unaudited) Earnings (AED’000) Profit for the period attributable to equity holders of the Company 549,640 537,321 Weighted average number of shares Weighted average number of ordinary shares for basic and diluted EPS 12,500,000 12,500,000 Basic and diluted EPS (AED) 0.044 0.043 20

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 18. Segment reporting Operating segments The Group’s operating segments are established on the basis of those components that are evaluated regularly by the Board of Directors, considered to be the Chief Operating Decision Maker (“CODM”). The CODM monitors the operating results of the Group’s operating segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on revenues, gross profit, net profit and a broad range of key performance indicators in addition to segment profitability and is measured consistently with profit or loss in the interim condensed consolidated financial statements. Based on the information reported to the Group’s senior management for the allocation of resources, marketing strategies, management reporting lines and measurement of performance of business, the reportable segments under IFRS 8 were identified as below: Commercial (B2B) - sale of petroleum products and ancillary products to commercial and government customers, the provision of aviation fuel and fuelling services to strategic customers, and the provision of fuelling services to the Parent Company’s civil aviation customers. Retail (B2C) - sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services and property leasing and management through the retail sites. These segments are the basis on which the Group reports its primary segment information. Transactions between segments are conducted at the rates determined by management taking into consideration the cost of funds. Segment revenue reported represents revenue generated from external customers. There were no inter-segment sales in current and previous period. Operating profit is the measure reported to the Board of Directors for the purpose of resource allocation and assessment of segment performance. 21

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 18. Segment reporting (continued) Operating segments (continued) Commercial (B2B) Retail (B2C) Unallocated Consolidated 31 March 2024 (unaudited) AED’000 AED’000 AED’000 AED’000 Revenue 2,981,894 5,767,842 - 8,749,736 Direct costs (2,643,102) (4,626,031) - (7,269,133) Gross profit 338,792 1,141,811 - 1,480,603 Distribution and administrative expenses (108,645) (664,096) - (772,741) Other income 7,051 21,511 16,043 44,605 Impairment losses and other operating expenses (112) (15,615) (1,518) (17,245) Operating profit 237,086 483,611 14,525 735,222 Interest income 47,938 Finance costs (209,163) Income tax expense (46,302) Profit for the period 527,695 31 March 2023 (unaudited) Revenue 2,738,651 5,259,779 - 7,998,430 Direct costs (2,451,118) (4,283,422) - (6,734,540) Gross profit 287,533 976,357 - 1,263,890 Distribution and administrative expenses (83,985) (584,789) - (668,774) Other income 8,672 19,273 20,710 48,655 Impairment losses and other operating expenses (4,004) (2,459) (11,457) (17,920) Operating profit 208,216 408,382 9,253 625,851 Interest income 15,176 Finance costs (94,787) Income tax expense (4,331) Profit for the period 541,909 22

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 18. Segment reporting (continued) Geographical segments The Group operates in the UAE, KSA and Egypt. Segment information about the Group’s foreign operations is presented below: KSA Egypt For the three-month period ended AED’000 AED’000 31 March 2024 (unaudited) Revenue (external customers) 218,714 953,205 As at 31 March 2024 (unaudited) Property, plant and equipment 267,969 129,331 Right of use assets 642,675 54,919 Intangibles 1,129 1,015,670 19. Business Combination Acquisitions in 2023 19.1 TotalEnergies Marketing Egypt LLC On 28 July 2022, the Company entered into a quota purchase agreement with TotalEnergies Marketing Afrique SAS to acquire a 50% stake in TotalEnergies Marketing Egypt LLC (TEME), a limited liability company registered in Cairo, Egypt. On 6 February 2023, pursuant to the quota purchase agreement, all major conditions precedent to completion were completed and the Group acquired control over TEME for a total consideration of AED 708,562 thousand. The TEME equity stake was acquired as part of the growth strategy of the Company to accelerate international expansion in Egypt. The acquisition has been accounted for using the acquisition method of accounting, and accordingly, the identifiable assets acquired, and liabilities assumed, have been recognised at their respective provisional fair values. No financial information was available as of the acquisition date of 6 February 2023 therefore it was impracticable to consolidate the entity as of the acquisition date. There were no significant transactions or events from 1 February 2023 to the acquisition date, therefore management decided to consolidate from 1 February 2023. Fair values recognised on acquisition as at 1 February 2023: AED’000 Assets Property, plant and equipment 150,760 Right-of-use assets 98,694 Intangibles 680,114 Cash and bank balances 169,462 Trade receivables and other current assets 82,706 Advance to contractors 4,223 Inventories 95,590 Due from related parties 44,730 Total assets 1,326,279 Liabilities Trade and other payables 280,450 Deferred tax liability 141,028 Due to related parties 135,971 Lease liabilities 98,694 Long term deposits 5,780 Borrowings 3,756 Total liabilities 665,679 23

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 19. Business Combination (continued) 19.1 TotalEnergies Marketing Egypt LLC (continued) Acquisitions in 2023 (continued) Total identifiable net assets at fair value 660,600 Non-controlling interests (330,802) Group’s share of net assets acquired 329,798 Purchase consideration 720,580 Goodwill 390,782 From the date of acquisition until 31 December 2023, TEME contributed revenue of AED 574,444 thousand and profit of AED 9,176 thousand. Acquisition related costs amounted to AED 11,456 thousand which were expensed during the period and are included in the interim condensed consolidated statement of profit and loss. The non-controlling interests (50% ownership interest in TEME) recognised at the acquisition date was measured by reference to the proportionate share of net assets acquired and amounted to AED 330,802 thousand. Analysis of cashflow on acquisition AED’000 Cash paid 708,562 Contingent consideration liability 12,018 720,580 Cash paid for the acquisition (708,562) Net cash acquired on business combination 169,462 Net cash outflow on acquisition (included in cash flows from investing activities) (539,100) Transaction cost of the acquisition (included in cash flows from operating activities) (11,456) Net cash outflow on acquisition (550,556) 20. Contingencies and litigation The Group has contingent liabilities amounting to AED 261,174 thousand (31 December 2023: AED 230,052 thousand) in respect of bank and other guarantees and other matters arising in the ordinary course of business from which it is anticipated that no material liabilities will arise. The Group is involved in various legal proceedings arising in the ordinary course of business. While the outcome of these matters cannot be predicted with certainty, management does not believe that these matters will have a material adverse effect on the Group’s interim condensed consolidated financial statements if concluded unfavorably. 21. Commitments The capital expenditure contracted for at the reporting date but not yet incurred amounted to AED 450,302 thousand (31 December 2023: AED 368,216 thousand). 22. Seasonality of results There is no material impact of seasonality on the Group’s operating results. 24

ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2024 (continued) 23. Dividends The Board of Directors approved a final dividend of 10.285 fils per share to the shareholders in respect of the year ended 31 December 2022. The dividend comprised of AED 1,285,625 thousand, which was approved at the General Assembly Meeting held on 15 March 2023 and paid on 29 March 2023. The Board of Directors approved a final dividend of 10.285 fils per share to the shareholders in respect of the year ended 31 December 2023. The dividend comprised of AED 1,285,625 thousand, which was approved at the General Assembly Meeting held on 27 March 2024 and paid on 15 April 2024. 24. Taxation The Company calculates the period income tax expense attributed to UAE Corporate Income Tax (CIT) using the tax rate that would be applicable to the expected total annual earnings. The major component of income tax expense in this statement of profit or loss is AED 57,530 thousand attributed to UAE CIT. The provision for UAE CIT expense is recognized based on management’s estimate of the weighted average effective annual tax rate expected for the full financial year. The estimated average annual tax rate used for the year to 31 December 2024 is 8.993%. 25. Approval of the interim condensed consolidated financial statements The interim condensed consolidated financial statements were approved by the Board of Directors and authorised for issue on 8 May 2024. 25