Adnoc Logistics and Services (Adnoc L&S) has announced financial results for the first nine months (9M) of 2025, alongside a resilient third quarter (Q3).
For the nine-month
period, the company’s revenue surged 39 per cent year-on-year (YoY) to $3,705
million (AED13,605 million), while EBITDA rose by 30 per cent YoY to $1,123 million (AED4,125 million),
sustaining EBITDA margin at 30 percent.
Net profit reached
$631 million (AED2,317million), up 9 per cent YoY.
This strong
performance across all business segments reflects the company’s continued
strategic expansion in energy-related maritime logistics.
In Q3 2025, the
company’s revenue grew 36 perc ent
YoY to $1,266 million (AED4,648 million), EBITDA increased 38 per cent YoY to $379 million (AED1,393 million),
and net profit rose 20 per cent
YoY to $211 million (AED773 million).
Abdulkareem Al Masabi,
CEO of Adnoc L&S, said: “This is our strongest nine-month performance since listing, alongside
outstanding quarterly results. Our performance is driven by the strength of our
strategy and disciplined execution.
He added: "Our diversified platform, long-term contracts and operational
excellence continue to drive sustainable growth. We are expanding capacity,
capturing value-accretive opportunities and reinforcing Adnoc L&S’s
position as a global leader in energy maritime logistics.”
Starting Q3 2025, Adnoc L&S
transitioned to quarterly dividend payouts to provide more frequent returns to
shareholders.
The full-year dividend
is set to increase by approximately 20 per cent YoY to $325 million (AED1,194 million), with a planned 5 percent
annual increase through 2030, reflecting strong financial performance and
long-term growth confidence.
The integrated
logistics segment delivered robust performance, with revenues rising 17 per
cent YoY to $1,955 million (AED7,179
million), reflecting strong demand and strategic growth in key areas.
As a result, EBITDA
rose by 26 per cent YoY to $635
million (AED2,331 million), highlighting the segment’s significant contribution
to the company’s overall results.
Growth was driven by
high utilisation and favorable rates for Jack-Up Barges (JUBs), improved
margins across the Integrated Logistics Solution Platform (ILSP), and increased
chartering activity.
The Engineering,
Procurement and Construction (EPC) project, including G-Island, also
contributed meaningfully to revenue expansion.
Meanwhile, the
shipping segment achieved remarkable growth, with revenues soaring 99 per
cent YoY to $1,481 million (AED5,440
million), largely driven by the consolidation of revenue from the Navig8 tanker
fleet.
Despite the
challenging market conditions compared to 9M 2024, Shipping EBITDA rose 39 per
cent YoY to $438 million (AED1,608
million), reflecting strong operational execution. A solid EBITDA margin of 30
percent further underscores the company’s operational resilience.
The services segment
continues to strengthen Adnoc L&S’s diversified business model, with
revenues increasing 7 percent YoY to $269 million (AED986 million).
EBITDA rose 12 per
cent YoY to $51 million (AED188 million),
primarily driven by higher volumes at the Borouge Container Terminal and the
share of profit from Navig8’s bunkering business (Integr8). -TradeArabia News Service
Send us your company’s news today and they could be featured on ABC’s Community News tommorow.
