AD Ports Group revenue jumps 47% to record Dh7.08bn as maritime, economic cities and logistics fuel growth.

AD Ports Group reported an 88 per cent increase in second-quarter net profit to Dh836 million, with strong growth across its maritime and shipping, economic cities and free zones, and logistics businesses helping the group deliver its strongest quarterly performance on record.

Revenue for the three months ended June 30 rose 47 per cent to a record Dh7.08 billion, while adjusted EBITDA increased 49 per cent to Dh1.74 billion. The EBITDA margin also improved to 24.5 per cent from 24.2 per cent a year earlier.

For the first half of the year, AD Ports Group’s revenue rose 36 per cent to Dh12.83 billion, while net profit increased 64 per cent to Dh1.49 billion. EBITDA also grew 41 per cent to Dh3.25 billion.

Maritime and shipping leads growth

Maritime and Shipping, which contributed 53 per cent of group revenue in the second quarter, recorded a 62 per cent increase in revenue to Dh3.82 billion. EBITDA surged 79 per cent to Dh1.03 billion.

The growth was supported by higher capacity and pricing across container feeder, Ro-Ro and tanker operations, along with the expansion of agency and commercial representation services. The group has also entered four new markets since the start of the year.

Economic Cities and Free Zones revenue more than doubles

Revenue from Economic Cities and Free Zones more than doubled to Dh1.29 billion, driven by warehouse leasing, staff accommodation, gas provisioning and a Dh650 million warehouse sale in KEZAD Abu Dhabi.

Excluding the warehouse transaction, revenue from the cluster still increased 15 per cent year-on-year.

Logistics delivers strong EBITDA growth

Logistics revenue rose 30 per cent to Dh1.47 billion, while EBITDA jumped 154 per cent to Dh94 million.

UAE supply chain network expands

During the quarter, AD Ports Group continued to strengthen alternative multimodal trade routes across the UAE, including cargo connections through Fujairah and Khor Fakkan, new land and air bridges and expanded warehousing capacity.

The group added 400 trucks, increased the frequency of Etihad Rail services and deployed six chartered aircraft to transport critical cargo, including food and pharmaceuticals. Its warehousing and storage capacity exceeded 54,000 square metres.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said the group’s diversified trade routes, international presence and integrated business model had helped drive its record quarterly performance.

AD Ports Group also continued its international expansion, announcing its largest acquisition to date — the purchase of Brazil’s Corredor Logistical Infrastructure for an enterprise value of Dh3.1 billion. The transaction is expected to close by the end of the third quarter.