ADNOC L&S Reports Record 9M 2025 Revenue, Net Profit Growth

Abu Dhabi-based ADNOC Logistics and Services (L&S) delivered its strongest nine-month performance since listing, posting significant growth across revenue, profits, and operational segments.

For the first nine months of 2025, ADNOC L&S recorded revenues of $3.71 billion (AED13.61 billion), up 39% from the same period last year. EBITDA reached $1.12 billion (AED4.13 billion), a 30% increase, while net profit grew 9% to $631 million (AED2.32 billion), maintaining a healthy EBITDA margin of 30%.

The third quarter alone showed resilient performance, with revenue climbing 36% YoY to $1.27 billion (AED4.65 billion), EBITDA rising 38% to $379 million (AED1.39 billion), and net profit increasing 20% to $211 million (AED773 million).

The company’s integrated logistics segment drove steady growth, posting $1.96 billion (AED7.18 billion) in revenue, up 17% YoY. Strong demand and strategic expansions in key operations, including Jack-Up Barges (JUBs) and the Integrated Logistics Solution Platform (ILSP), contributed to a 26% increase in EBITDA to $635 million (AED2.33 billion).

Shipping operations saw exceptional gains, nearly doubling revenue to $1.48 billion (AED5.44 billion) thanks to the consolidation of the Navig8 tanker fleet. EBITDA rose 39% to $438 million (AED1.61 billion), with a stable 30% margin, highlighting operational resilience even in challenging markets.

The services segment maintained steady growth, with revenue up 7% to $269 million (AED986 million) and EBITDA increasing 12% to $51 million (AED188 million), driven by higher volumes at Borouge Container Terminal and gains from Navig8’s bunkering operations.

In a strategic move to enhance shareholder returns, ADNOC L&S transitioned to quarterly dividend payouts starting Q3 2025. The full-year dividend is expected to rise by around 20% YoY to $325 million (AED1.19 billion), with an annual increase of 5% planned through 2030, reflecting the company’s strong financial position and long-term growth plans.

Overall, ADNOC L&S continues to expand its presence in energy-related maritime logistics, showing a balance of strategic growth, operational efficiency, and robust financial health.