Abu Dhabi's ADNOC Logistics and Services (L&S) has reported its most significant nine-month performance since its public offering, showcasing impressive growth across earnings, profits, and operational sectors.
In the first three quarters of 2025, ADNOC L&S achieved $3.71 billion (AED13.61 billion) in revenue, illustrating a 39% year-over-year increase. The company’s EBITDA reached $1.12 billion (AED4.13 billion), up by 30%, while net profit experienced a 9% growth to $631 million (AED2.32 billion), sustaining a robust EBITDA margin of 30%.
Specifically in Q3, the performance remained strong, with revenue escalating by 36% YoY to $1.27 billion (AED4.65 billion), EBITDA rising 38% to $379 million (AED1.39 billion), and net profit climbing 20% to $211 million (AED773 million).
Steady revenue growth in the integrated logistics segment was marked by a total of $1.96 billion (AED7.18 billion), a 17% rise compared to last year. This growth is attributed to increased demand and strategic developments in core operations like Jack-Up Barges (JUBs) and the Integrated Logistics Solution Platform (ILSP), leading to a 26% increase in EBITDA to $635 million (AED2.33 billion).
Shipping operations had significant gains, with revenue nearly doubling to $1.48 billion (AED5.44 billion) due to the integration of the Navig8 tanker fleet. EBITDA advanced by 39% to $438 million (AED1.61 billion), reflecting a stable 30% margin, indicative of operational resilience amidst market challenges.
The services sector also showed consistent performance, realizing a 7% rise in revenue to $269 million (AED986 million) and a 12% increase in EBITDA to $51 million (AED188 million), spurred by higher throughput at Borouge Container Terminal and buoyant results from Navig8’s bunkering services.
In a proactive step to boost shareholder value, ADNOC L&S will initiate quarterly dividend distributions starting from Q3 2025. The projected full-year dividend is expected to increase by approximately 20% year-on-year, amounting to $325 million (AED1.19 billion), with a planned annual enhancement of 5% through to 2030, underscoring the firm's solid financial standing and long-term growth aspirations.
In summary, ADNOC L&S is successfully broadening its role in energy-related maritime logistics, balancing growth strategies, operational efficiency, and solid financial health.
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