Press Release

ADNOC Classification: Public ADNOC Classification: Public ADNOC DISTRIBUTION REPORTS RECORD FUEL VOLUMES AND EBITDA FOR FIRST NINE MONTHS OF 2024 • Company reports record EBITDA of $790 million, with net profit reaching $501 million and robust free cash flow of $537 million, underscoring profitability and operational efficiency • Delivers record volume of more than 11 billion liters of fuel in the first nine months of 2024, marking a 9.2% year-on-year increase, driven by network expansion, increased mobility and growing contribution from international operations • Non-fuel retail gross profit rose by 13.0% year-on-year, bolstered by a 9.4% year-on-year increase in non-fuel retail transactions, supported by the Company’s network expansion and diversification efforts Abu Dhabi, UAE – 31 October 2024: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, today announced its financial results for the third quarter and the first nine months of 2024. The Company reported its highest- ever nine-month EBITDA of $790 million (AED2.90 billion) and underlying EBITDA of $721 million (AED2.65 billion), implying growth of 5.9% and 11.6% year-on-year, respectively. In the first nine months of 2024, the Company’s free cash flow reached $537 million (AED1.97 billion), while maintaining a robust balance sheet with a net debt-to-EBITDA ratio of 0.56x as of 30 September 2024. This strong financial standing positions the Company favourably for future growth and attractive shareholder distributions. These achievements can be attributed to strong retail and commercial performance, including highest-ever nine-month fuel volumes, robust non- fuel retail (NFR) contributions, and cost efficiency improvements. EBITDA growth and strong free cash flow generation were also supported by material like-for-like OPEX savings totalling $13 million (AED48 million) over the first nine months of 2024, putting the Company on track to achieve $50 million (AED184 million) in OPEX savings between 2024 and 2028. Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said: “ADNOC Distribution’s strong underlying financial performance is testament to the Company’s solid fundamentals and its ability