ADNOC L&S now expects net profit to grow by the high 60% range in 2026.
Dubai: ADNOC Logistics & Services has raised its full-year 2026 financial guidance after a stronger second-quarter performance, now expecting higher earnings growth than previously forecast.
The Abu Dhabi-listed company said on Monday that it now expects net profit to grow by the high-60% range in 2026, compared with its earlier forecast of mid-to-high teens growth. EBITDA is also projected to rise by the high-20% range, versus previous guidance of mid-to-high single-digit growth.
Revenue is now expected to grow at a low single-digit rate for the year, compared with a previous forecast that had pointed to a low-to-mid single-digit decline.
Shipping drives upgrade
The company said the revised outlook reflects its performance so far this year and its assumptions for the remainder of 2026, supported by continued strength in its Shipping segment.
“The company wishes to further update the market on the ongoing strength of its Shipping segment. This updated guidance reflects actual performance year to date, as well as assumptions for the remainder of the year that indicate continued market strength. Our full-year results remain highly dependent on regional dynamics,” ADNOC L&S said.
Offshore contracting also improves
ADNOC L&S said its Offshore Contracting segment has also benefited from gradual improvements in material handling volumes within its Integrated Logistics Services Platform (ILSP).
The updated guidance now reflects higher ILSP material handling volumes, while assumptions for the Jack-Up Barge fleet remain unchanged.
The revision points to broader strength across key operating segments, although the company noted that regional dynamics will continue to play a significant role in shaping full-year performance.
Dividend policy unchanged
ADNOC L&S said its guidance for capital expenditure, leverage, and dividend policy remains unchanged and aligned with its capital allocation framework.
The company is scheduled to announce its second-quarter 2026 results on August 11.
