AD Ports Reports Strong Q3 Profit Growth Amid Robust Trade Trends

Post by : Bianca Suleiman

AD Ports Group has announced impressive third-quarter results, with revenues increasing 16 percent year-on-year to AED5.39 billion. This growth is fueled by vigorous activity within its Maritime & Shipping, Ports, and Economic Cities & Free Zones segments.

The net profit rose by 34 percent to AED596 million, reflecting the highest quarterly profit since the company went public in February 2022. This increase was positively influenced by a tax reversal associated with the UAE’s corporate tax for the year 2024.

EBITDA remained consistent at AED1.20 billion, yielding a 22.3 percent margin. However, the firm's operational profitability faced minor setbacks due to restructuring within its previous Digital cluster. Profit before tax climbed 17 percent to AED595 million, aided by an 18 percent decline in finance costs and the reversal of an earlier impairment charge.

During this quarter, AD Ports experienced noteworthy operational improvements, such as growth in port container throughput, elevated general cargo volumes, expansion in industrial land leases, and increased container feeder shipping activities. These achievements emphasize the company's capability to adapt to regional challenges and global trade fluctuations while sustaining profitable growth.

AD Ports’ results embody its strategic emphasis on “intelligent internationalisation,” aiming for leadership in burgeoning trade corridors while promoting sustainable trade and logistics practices. This approach underlines its dedication to fostering economic development in Abu Dhabi and ensuring resilience amid global uncertainties.