ADNOC Classification: Public Business segments review Retail segment – B2C (fuel and non-fuel) Volumes In Q3 2024, retail fuel volumes increased by 6.4% In 9M 2024, retail fuel volumes increased by 9.0% year-on-year to 2.62 billion liters. In GCC markets year-on-year to 7.63 billion liters, driven by strong (UAE and KSA), retail volumes increased by 7.1% mobility trends and partially attributable to the timing to 1.94 billion liters driven by the region’s ongoing of consolidation of TotalEnergies Marketing Egypt. economic growth, higher mobility and addition of new service stations. In Egypt retail fuel volumes In GCC markets (UAE and KSA), 9M 2024 retail fuel were 4.6% higher year-on-year. volumes increased by 6.0% driven by the region’s ongoing economic growth, higher mobility and The retail fuel volumes in GCC markets (UAE and addition of new service stations, while in Egypt they KSA) increased by 4.8% compared to Q2 2024, were up by 18.8% year-on-year, partially supported recovering and resuming growth post the UAE by the timing of consolidation of Total Energies severe storms in April. In Egypt, retail fuel volumes Marketing Egypt. demonstrated strong growth of 7.7% quarter-on- quarter due to Eid holidays in Q2 2024. Retail segment volumes Q3 24 Q2 24 QoQ % Q3 23 YoY % 9M 24 9M 23 YoY % (million liters) Gasoline 1,992 2,011 -0.9% 1,871 6.5% 5,902 5,401 9.3% Diesel 565 410 38.0% 536 5.5% 1,535 1,428 7.5% Other (1) 61 62 -0.3% 55 12.3% 193 170 13.6% Total 2,619 2,482 5.5% 2,461 6.4% 7,630 6,999 9.0% Of which GCC 1,940 1,851 4.8% 1,812 7.1% 5,660 5,340 6.0% Of which Egypt 679 630 7.7% 649 4.6% 1,970 1,659 18.8% (1) Includes CNG, LPG, kerosene, and lubricants Financial results In Q3 2024, retail segment revenue increased by Fuel retail gross profit decreased by 10.3% year-on- 0.4% compared to Q3 2023 to AED 6,052 million year principally due the lower impact of inventory supported by higher volumes and strong growth in gains, partially offset by the higher volumes. non-fuel retail revenue and offset by lower pump prices. However, non-fuel retail gross profit increased by nearly 10% in Q3 2024 compared to Q3 2023 driven Q3 2024 retail segment gross profit decreased by by improved customer offerings, double-digit growth 7.2% compared to Q3 2023 to AED 1,172 million in number of non-fuel transactions (+10.3% year- due to lower inventory gains, supported by higher on-year) and continued growth of convenience store fuel volumes and growing contribution from non-fuel conversion ratio (25.9% vs. 24.2% in prior year). and international activities. In particular, in Q3 2024 the Company recorded retail segment inventory Q3 2024 retail segment EBITDA decreased by gains of AED 30 million vs. AED 177 million in Q3 14.4% compared to Q3 2023 to AED 673 million, 2023. mainly due to the lower level of inventory gains compared to the same period of last year. 17 | P a g e