ADNOC L&S Achieves Record Revenue Growth in 9M 2025

Post by : Bianca Suleiman

ADNOC Logistics and Services (L&S), based in Abu Dhabi, has reported its most impressive nine-month performance since its market debut, showcasing substantial progress in revenue, profits, and operational activities.

In the first nine months of 2025, ADNOC L&S achieved revenues totaling $3.71 billion (AED13.61 billion), marking a robust 39% increase compared to the previous year. EBITDA climbed to $1.12 billion (AED4.13 billion), reflecting a 30% upturn, while net profit rose by 9% to $631 million (AED2.32 billion), sustaining a strong EBITDA margin of 30%.

The third quarter demonstrated remarkable resilience with revenue climbing 36% year-over-year to $1.27 billion (AED4.65 billion), EBITDA increasing by 38% to $379 million (AED1.39 billion), and net profit elevating by 20% to $211 million (AED773 million).

The integrated logistics segment played a key role in this growth, generating $1.96 billion (AED7.18 billion) in revenue, a 17% increase year-over-year. Demand coupled with strategic expansions, particularly in Jack-Up Barges (JUBs) and the Integrated Logistics Solution Platform (ILSP), contributed to a remarkable 26% rise in EBITDA to $635 million (AED2.33 billion).

Shipping operations also experienced exceptional results, nearly doubling revenue to $1.48 billion (AED5.44 billion) due to the consolidation of the Navig8 tanker fleet. EBITDA soared 39% to $438 million (AED1.61 billion), with a consistent 30% margin, showcasing operational vigor amidst challenging market conditions.

The services segment reported steady growth as well, with revenue up 7% to $269 million (AED986 million) and EBITDA rising 12% to $51 million (AED188 million), driven by increased activity at the Borouge Container Terminal and benefits from Navig8’s bunkering services.

As part of its strategy to boost shareholder value, ADNOC L&S announced a shift to quarterly dividend distributions starting from Q3 2025. The anticipated full-year dividend is set to increase by approximately 20% year-over-year to $325 million (AED1.19 billion), with plans for a 5% annual increase through 2030, underlining the company’s robust financial standing and strategic growth outlook.

In summary, ADNOC L&S is well positioned within the energy-related maritime logistics sector, balancing strategic growth initiatives with operational excellence and solid financial health.