Post by : Bianca
Haleem
Abu Dhabi's ADNOC Logistics and Services (L&S) has reported its strongest nine-month results since going public, showcasing exceptional growth in revenue, profitability, and operational segments.
For the first nine months of 2025, ADNOC L&S recorded revenues of $3.71 billion (AED13.61 billion), marking a 39% increase compared to the same period last year. EBITDA reached $1.12 billion (AED4.13 billion), up 30%, while net profit surged 9% to $631 million (AED2.32 billion), maintaining a solid EBITDA margin of 30%.
The third quarter alone demonstrated impressive performance, with revenue increasing 36% year-on-year to $1.27 billion (AED4.65 billion). EBITDA improved by 38% to $379 million (AED1.39 billion), and net profit grew by 20% to $211 million (AED773 million).
The company’s logistics segment has been a key driver of consistent growth, generating $1.96 billion (AED7.18 billion) in revenue, up 17% year-on-year. Strong demand and strategic expansions in critical operations like Jack-Up Barges (JUBs) and the Integrated Logistics Solution Platform (ILSP) resulted in a 26% EBITDA increase to $635 million (AED2.33 billion).
Shipping operations have seen exceptional growth, with revenues nearly doubling to $1.48 billion (AED5.44 billion) due to the consolidation of the Navig8 tanker fleet. EBITDA rose 39% to $438 million (AED1.61 billion), with an unwavering 30% margin, underscoring operational resilience in challenging market conditions.
The services segment also showed steady growth, with revenue rising 7% to $269 million (AED986 million), and EBITDA climbing 12% to $51 million (AED188 million), bolstered by higher volumes at Borouge Container Terminal and positive performance from Navig8’s bunkering operations.
In a strategic shift to enhance shareholder value, ADNOC L&S plans to implement quarterly dividend payouts starting in Q3 2025. The total annual dividend is projected to increase by about 20% year-on-year to $325 million (AED1.19 billion), with a 5% annual increase anticipated through 2030, illustrating the company's financial robustness and future growth strategies.
Overall, ADNOC L&S continues to strengthen its foothold in energy-related maritime logistics, reflecting a blend of strategic growth, operational efficiency, and solid financial standing.
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