ADNOC Classification: Public Financial results In Q3 2024, revenue increased by 1.7% year-on- In 9M 2024, revenue increased by 6.2% year-on- year to AED 9,083 million. The growth was driven year to AED 26,617 million. The growth was driven by higher fuel volumes and growing contribution of by higher fuel volumes, growing contribution of non- non-fuel retail business, partially offset by lower fuel retail business and consolidation of selling prices as a result of lower crude oil prices. TotalEnergies Marketing Egypt, offset by lower selling prices as a result of lower crude oil prices. Q3 2024 gross profit decreased by 4.3% year-on- year to AED 1,587 million, due to a material 9M 2024 gross profit increased by 6.9% year-on- reduction of inventory gains compared to the same year to AED 4,608 million, supported by the higher period of last year and partially offset by higher fuel fuel volumes and growth in non-fuel retail business, volumes and growth in the non-fuel retail business. despite lower inventory gains compared to the same In particular, in Q3 2023 in a rising oil price period of last year. In particular, in 9M 2024 environment inventory gains amounted to AED 228 inventory gains amounted to AED 263 million (AED million (AED 177 million inventory gains in fuel retail 276 million inventory gains in fuel retail and AED 13 and AED 51 million inventory gains in commercial million inventory losses in commercial business) business), compared to inventory gains of AED 14 compared to inventory gains of AED 289 million million in Q3 2024 (AED 30 million inventory gains (AED 257 million inventory gains in fuel retail and in fuel retail and AED 16 million inventory losses in AED 31 million inventory gains in commercial commercial). business) in 9M 2023. Q3 2024 EBITDA decreased by 9.2% year-on-year In 9M 2024, EBITDA increased by 5.9% year-on- to AED 1,009 million as a result of lower inventory year to AED 2,901 million supported by the higher gains in Q3 2024 compared to Q3 2023. fuel volumes and offset by lower inventory gains in 9M 2024 compared to 9M 2023. Q3 2024 underlying EBITDA (EBITDA excluding inventory movements and one-off items) 9M 2024 underlying EBITDA (EBITDA excluding demonstrated a double-digit growth of 13.6% year- inventory movements and one-offs) increased by on-year to AED 995 million supported by higher 11.6% year-on-year to AED 2,648 million. This was volumes, growing contribution from non-fuel retail supported by like-for-like OPEX savings of AED 48 segment and international activities. million, on track to reduce like-for-like OPEX by up to AED 184 million ($50 million) by 2028. Q3 2024 net profit attributable to shareholders decreased by 20.1% year-on-year to AED 667 9M 2024 net profit attributable to shareholders million due to reduction in EBITDA and an AED 61 decreased by 4.4% year-on-year to AED 1,840 million impact of the UAE corporate income tax. Q3 million due to higher finance costs and an AED 183 2024 net profit excluding the impact of UAE million UAE corporate income tax impact. Net profit corporate income tax decreased by 12.7% year-on- excluding the UAE tax impact increased by 5.1% year to AED 729 million due to a material reduction year-on-year to AED 2,023 million despite lower of inventory gains compared to the same period of impact of inventory gains. last year. On an underlying basis, i.e. excluding the impact of inventory movements and one-off items as well as the UAE tax impact, Q3 2024 net profit increased by 19.2% year-on-year. 14 | P a g e