Press Release

ADNOC Classification: Public ADNOC Classification: Public Media Release: ADNOC DISTRIBUTION RECORDS DOUBLE-DIGIT EBITDA AND NET PROFIT GROWTH IN Q2 2024 • EBITDA increased by 15.0% year-on-year to $267 million and net profit rose by 12.9% year-on-year (YoY) to $170 million in Q2 2024 • Non-fuel retail gross profit increased by 13.5% year-on-year in Q2 2024, supported by a 10.9% growth in non-fuel transactions and a convenience store conversion rate exceeding 26% for the first time in four years • The Company’s free cash flow stood in H1 at $488 million, representing 46.7% YoY growth • Company expects to pay a $350 million dividend for H1 2024 in October, fully covered by the H1 cash flow. • The company is actively pursuing over 20 innovative AI projects in 2024 and has established partnerships with leading global AI technology firms to maintain its market- leading position. Abu Dhabi, UAE – 8 August 2024: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, today announced its financial results for the second quarter of 2024. The Company reports a 15.0% YoY increase to $267 million in Q2 2024 Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), and a 12.9% YoY rise in net profit to $170 million. Excluding the impact of the UAE corporate tax, net profit would have increased by 24.5% YoY to $187 million. Strong financial performance in Q2 2024 was driven by higher fuel volumes, increased contributions from international operations, and growth in the non-fuel retail business.