emirates7 - ADNOC Logistics and Services plc (ADNOC L&S) announced record second-quarter (Q2) and first-half (H1) 2025 results, exceeding market forecasts and showcasing strong resilience and operational performance in a challenging market.
In Q2 2025, revenue surged 40% year-on-year (YoY) to US$1.258 billion (AED4.618 billion), while EBITDA rose 31% YoY to US$400 million (AED1.470 billion). Net profit climbed 14% YoY to US$236 million (AED866 million).
For H1 2025, revenue reached US$2.439 billion (AED8.957 billion), also up 40% YoY. EBITDA grew 26% YoY to US$744 million (AED2.732 billion), maintaining a 30% margin. Net profit for the period stood at US$420 million (AED1.544 billion), an increase of 5% YoY and 18% compared to H2 2024.
The company attributed its performance to a diverse and resilient business model that delivered solid net profit and cash flow despite weaker charter rates in the Gas, Tanker, and Dry Bulk segments. Strong results in its core businesses and improved margins led ADNOC L&S to raise its full-year outlook, citing continued momentum and greater operational efficiency.
ADNOC L&S is focusing on value creation and operational streamlining across its asset portfolio, while deepening integration and innovation through subsidiaries Navig8 and Zakher Marine International (ZMI).
CEO Captain Abdulkareem Al Masabi said the results represent the company’s best-ever quarterly performance, reflecting the success of its growth strategy, strong cash generation, strategic partnerships, and operational excellence.
The Integrated Logistics segment posted a 22% YoY revenue increase to US$1.293 billion (AED4.748 billion), with EBITDA up 27% YoY to US$420 million (AED1.542 billion). Growth was supported by high utilisation and rates for Jack-up Barges (JUBs), improved profitability in the Integrated Logistics Solution Platform, expanded chartering activity, and contributions from EPC projects such as G-Island and Hail & Ghasha.
The Shipping segment delivered standout growth, with revenue up 89% YoY to US$981 million (AED3.602 billion), driven mainly by consolidating Navig8 tanker fleet revenues. EBITDA rose 25% YoY to US$290 million (AED1.067 billion), maintaining a 30% margin despite softer market conditions.
The Services segment also advanced, with revenue up 4% YoY to US$165 million (AED607 million) and EBITDA growing 22% YoY to US$33 million (AED121 million), supported by higher throughput at the Borouge Container Terminal and earnings from Navig8’s bunkering arm, Integr8.
In Q2 2025, revenue surged 40% year-on-year (YoY) to US$1.258 billion (AED4.618 billion), while EBITDA rose 31% YoY to US$400 million (AED1.470 billion). Net profit climbed 14% YoY to US$236 million (AED866 million).
For H1 2025, revenue reached US$2.439 billion (AED8.957 billion), also up 40% YoY. EBITDA grew 26% YoY to US$744 million (AED2.732 billion), maintaining a 30% margin. Net profit for the period stood at US$420 million (AED1.544 billion), an increase of 5% YoY and 18% compared to H2 2024.
The company attributed its performance to a diverse and resilient business model that delivered solid net profit and cash flow despite weaker charter rates in the Gas, Tanker, and Dry Bulk segments. Strong results in its core businesses and improved margins led ADNOC L&S to raise its full-year outlook, citing continued momentum and greater operational efficiency.
ADNOC L&S is focusing on value creation and operational streamlining across its asset portfolio, while deepening integration and innovation through subsidiaries Navig8 and Zakher Marine International (ZMI).
CEO Captain Abdulkareem Al Masabi said the results represent the company’s best-ever quarterly performance, reflecting the success of its growth strategy, strong cash generation, strategic partnerships, and operational excellence.
The Integrated Logistics segment posted a 22% YoY revenue increase to US$1.293 billion (AED4.748 billion), with EBITDA up 27% YoY to US$420 million (AED1.542 billion). Growth was supported by high utilisation and rates for Jack-up Barges (JUBs), improved profitability in the Integrated Logistics Solution Platform, expanded chartering activity, and contributions from EPC projects such as G-Island and Hail & Ghasha.
The Shipping segment delivered standout growth, with revenue up 89% YoY to US$981 million (AED3.602 billion), driven mainly by consolidating Navig8 tanker fleet revenues. EBITDA rose 25% YoY to US$290 million (AED1.067 billion), maintaining a 30% margin despite softer market conditions.
The Services segment also advanced, with revenue up 4% YoY to US$165 million (AED607 million) and EBITDA growing 22% YoY to US$33 million (AED121 million), supported by higher throughput at the Borouge Container Terminal and earnings from Navig8’s bunkering arm, Integr8.