emirates7 - DP World Limited has released its financial results for the year ending December 31, 2024. On a reported basis, the company achieved a 9.7 percent increase in revenue, reaching $20.0 billion, while adjusted EBITDA grew by 6.7 percent to $5.5 billion, maintaining an adjusted EBITDA margin of 27.2 percent.
The revenue growth was primarily driven by strong performances from Ports and terminals, along with contributions from new acquisitions and concessions.
Revenue per TEU in Ports and terminals rose 13.9 percent on a like-for-like basis, with significant growth seen in the Middle East and the Americas.
DP World's capacity surpassed 100 million TEU due to targeted infrastructure investments in key growth markets.
The company invested $2.2 billion in capital expenditure, up from $2.1 billion in 2023, across its existing portfolio.
For 2025, the capital expenditure budget is around $2.5 billion, which will be directed mainly toward projects in Jebel Ali, Drydocks World, Jebel Ali Freezone, Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal), and Jeddah (Saudi Arabia).
Cash generated from operating activities grew by 18.9 percent to $5.5 billion in 2024, compared to $4.6 billion in 2023.
DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said, "We are pleased to report record revenue of $20.0 billion and record EBITDA of $5.5 billion for 2024, a remarkable achievement despite the challenging geopolitical environment. These results highlight the success of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions, and disciplined cost optimization."
He further emphasized that this strategy positions DP World for sustained long-term growth and value creation. By improving efficiency, expanding capabilities, and strengthening partnerships, DP World is building a resilient business, ready to seize new opportunities as global trade evolves.
"As part of our long-term strategy, we continue to invest in our portfolio through strategic acquisitions, expand into new locations, and add high-value capabilities that meet the changing needs of our clients. We remain optimistic about the medium-term outlook, backed by strong industry fundamentals and DP World's ability to deliver sustainable, long-term returns," bin Sulayem added.
The revenue growth was primarily driven by strong performances from Ports and terminals, along with contributions from new acquisitions and concessions.
Revenue per TEU in Ports and terminals rose 13.9 percent on a like-for-like basis, with significant growth seen in the Middle East and the Americas.
DP World's capacity surpassed 100 million TEU due to targeted infrastructure investments in key growth markets.
The company invested $2.2 billion in capital expenditure, up from $2.1 billion in 2023, across its existing portfolio.
For 2025, the capital expenditure budget is around $2.5 billion, which will be directed mainly toward projects in Jebel Ali, Drydocks World, Jebel Ali Freezone, Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal), and Jeddah (Saudi Arabia).
Cash generated from operating activities grew by 18.9 percent to $5.5 billion in 2024, compared to $4.6 billion in 2023.
DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said, "We are pleased to report record revenue of $20.0 billion and record EBITDA of $5.5 billion for 2024, a remarkable achievement despite the challenging geopolitical environment. These results highlight the success of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions, and disciplined cost optimization."
He further emphasized that this strategy positions DP World for sustained long-term growth and value creation. By improving efficiency, expanding capabilities, and strengthening partnerships, DP World is building a resilient business, ready to seize new opportunities as global trade evolves.
"As part of our long-term strategy, we continue to invest in our portfolio through strategic acquisitions, expand into new locations, and add high-value capabilities that meet the changing needs of our clients. We remain optimistic about the medium-term outlook, backed by strong industry fundamentals and DP World's ability to deliver sustainable, long-term returns," bin Sulayem added.