ADNOC Classification: Public 9M 2024 financial performance driven by network expansion, record fuel volumes and strong non-fuel retail growth In 9M 2024, ADNOC Distribution demonstrated growth in EBITDA of 5.9% year-on-year to AED 2,901 million, while on an underlying basis EBITDA increased at a double-digit rate of 11.6% to AED 2,648 million. Net profit attributable to equity holders decreased by 4.4% to AED 1,840 million due to lower inventory gains, higher finance costs and the impact of the UAE corporate tax, while net profit excluding the tax impact increased by 5.1% year-on-year. This financial performance was fuelled by the strong growth in fuel volumes (+9.2% year-on-year), an expanded retail fuel network (855 stations at the end of September 2024 compared to 828 stations in the same period last year), strong growth in non-fuel transactions (+9.4% year-on-year), record-high nine-month convenience store conversion rate in five years (25.5% in 9M 2024), and a rising contribution from international operations in KSA and Egypt. A strong balance sheet (net debt/EBITDA of 0.56x as of 30 September 2024) underpins the Company’s future growth, aligned with the 2024-28 strategy endorsed by the Board of Directors and communicated during the February 2024 Investor Day. Fuel business (retail and commercial) In 9M and Q3 2024, ADNOC Distribution achieved record fuel deliveries to its customers. Retail and commercial fuel volumes in the UAE and KSA increased by 7.2% year-on-year, reaching 8.70 billion liters, driven by sustained momentum in economic growth and higher mobility in the region. The introduction of new stations in Dubai and network upgrades in Saudi Arabia contributed to higher retail fuel volumes, resulting in a 6.0% increase to 5.66 billion liters in the UAE and KSA compared to 9M 2023. Including operations in Egypt, ADNOC Distribution reported a total fuel volume growth of 9.2% year-on-year to above 11 billion liters, with retail fuel volumes rising by 9.0% and commercial volumes by 9.7%. Network expansion: In 9M 2024, ADNOC Distribution further expanded its retail fuel activities by adding 19 new stations in the UAE, KSA and Egypt and achieved its target of opening 15-20 new stations in 2024. o Domestically: ADNOC Distribution added 15 new stations in the UAE in 9M 2024 (one existing On the Go station in Abu Dhabi was closed during the period) to reach 543 stations in the home market, which compares to 518 stations at the end of 9M 2023. o In Dubai, the Company opened 10 stations in 9M 2024. Eight of these, launched in Q3 2024, cater specifically to trucks, in partnership with Dubai’s Road and Transport Authority (RTA). As a result, ADNOC Distribution’s service station network in the emirate expanded to 54 stations at the end of the period, up by 26% from 43 stations at the end of 9M 2023. o Internationally: ADNOC Distribution continued to execute on its plans in the Kingdom of Saudi Arabia, with two stations opened during 9M 2024 (one existing station was returned during the period), taking the total network in the country to 69 stations at the end of the period. The Company has revitalized and rebranded c.90% of its KSA stations as of the end of 9M 2024. During 9M 2024, the Company’s assets in Egypt added two new service stations to the portfolio (two existing stations were closed during the period) and had 243 service stations at the end of the period. In addition, the Egypt portfolio comprised aviation fuel, lubricant and wholesale fuel operations as well as 100+ convenience stores, 250+ lube changing points and 15+ car wash locations. o Total network of ADNOC Distribution increased to 855 stations vs. 828 at the end of 9M 2023. o Network of fast and super-fast EV charging points more than doubled to 112 vs. 53 at the end of 2023. 4 | P a g e