ADNOC Logistics and Services has announced a record first nine months (9M) of 2025 financial performance with a robust third quarter (Q3).
The company’s revenue increased 39 percent year-on-year (YoY) to $3,705 million (AED13,605 million), and EBITDA increased 30 percent YoY to $1,123 million (AED4,125 million) to maintain EBITDA margin at 30 percent.
Net profit stood at $631 million (AED2,317million), which is 9 percent higher YoY. All these business sector performances are indicative of the further strategic growth of the company in the energy-related maritime logistics.
The revenue of the company increased 36 percent YoY to $1,266 million (AED4,648 million), EBITDA increased 38 percent YoY to $379 million (AED1,393 million), and net profit increased 20 percent YoY to $211 million (AED773 million) in Q3 2025.
CEO of ADNOC L&S, Captain Abdulkareem Al Masabi, 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 stated that “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.”
Beginning with Q3 2025, ADNOC L&S will switch to paying quarterly dividends to shareholders to ensure more frequent shares hold returns.
The annual dividend amount will grow by around 20 percent YoY to $325 million (AED1,194 million), and it is scheduled to grow by an average of 5 percent per annum until 2030, indicating excellent results in its financial performance and long-term growth prospects.
The integrated logistics segment also showed good performance, as revenues increased 17 percent YoY to $1,955 million (AED7,179 million), with a high demand and strategic development in major locations.
Consequently, EBITDA increased by 26 percent on a YoY basis to $635 million (AED2,331 million), which is a remarkable contribution of the segment to the overall performance of the company.
The growth was fueled by high utilization and favorable rates on Jack-Up Barges (JUBs), better margins in the Integrated Logistics Solution Platform (ILSP), and higher chartering activity.
The G-Island was also part of the Engineering, Procurement, and Construction (EPC) project that helped in revenue growth.
Meanwhile, the shipping segment had made impressive developments with revenues increasing by 99 percent YoY to $1,481 million (AED5,440 million), which was largely attributed to the consolidation of revenues of the Navig8 tanker fleet.
Shipping EBITDA increased by 39 percent on YoY to $438 million (AED1,608 million) as a result of good operational performance in the challenging market environment compared to 9M 2024.
The firm has a strong EBITDA margin of 30 percent, which further highlights the strength of the operations.
The Services segment is another line that continues to support the diversified business model of ADNOC L&S as its revenues grow by 7 percent annually to reach $269 million (AED986 million).
EBITDA increased 12 percent YoY to $51 million (AED188 million) and was mainly due to increased volumes at the Borouge Container Terminal and the share of profit in the bunkering business of Navig8 (Integr8).
