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Northern Irish fuel retailer Maxol is to invest up to €60 million in its business over the course of next year and 2027 as it introduces a new meal delivery service and beefs up a number of its forecourts.
The family-owned company has 247 Maxol sites on the island, of which 125 are company owned.
The business grew turnover by 4 per cent last year to €786 million, while profit before tax, excluding exceptional items, was up marginally from €31.2 million to €33.3 million. Maxol said it finished the year with no net bank debt and a “substantial” cash surplus.
The company invested €70.5 million during the 2023-2024 trading period, followed by an additional €47.5 million in capital expenditure during 2025.
Looking ahead, Maxol has signed an 18-month deal with restaurant platform Noahs to offer a meal delivery service via an app, online, or instore, which will initially be trialled at stations in Donabate, Ardbrae, and Longmile Road next year.
Maxol chief executive Brian Donaldson said growth plans will have a “particular focus” on food, retail convenience, and car wash services. Non-fuel sales currently account for about 40 per cent of gross profit, while 784,000 cars were washed by Maxol this year.
Full story Maxol to pump €60m into forecourt expansions and introduce meal delivery service – The Irish Times
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