Global energy maritime logistics company ADNOC Logistics and Services (ADNOC L&S) has announced record financial results for the first nine months of 2025, driven by strong performance across all business segments.
Revenue for the period rose 39 per cent year-on-year to US$3.7 billion (AED 13.6 billion), while EBITDA increased 30 per cent to US$1.12 billion (AED 4.1 billion), maintaining a healthy 30 per cent margin. Net profit reached US$631 million (AED 2.32 billion), up 9 per cent compared to the same period last year.
In the third quarter, ADNOC L&S reported revenue of US$1.27 billion (AED 4.65 billion), a 36 per cent increase year-on-year, with EBITDA up 38 per cent to US$379 million (AED 1.39 billion) and net profit up 20 per cent to US$211 million (AED 773 million).
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “This is our strongest nine-month performance since listing, alongside outstanding quarterly results. Our strategy and disciplined execution continue to deliver sustained growth. Our diversified platform, long-term contracts, and operational excellence are reinforcing ADNOC L&S’s position as a global leader in energy maritime logistics.”
Starting in Q3 2025, ADNOC L&S transitioned to quarterly dividend payouts. The full-year dividend is set to increase by approximately 20 per cent year-on-year to US$325 million, with a planned 5 per cent annual growth through 2030, reflecting strong performance and long-term growth confidence.
ADNOC L&S will be added to the MSCI Emerging Markets Index on November 25, following ADNOC’s US$317 million share placement that raised free float to 22 per cent. The inclusion is expected to attract more than US$200 million (AED 734 million) in passive capital inflows and enhance liquidity.
The company has also signed a US$531 million, 15-year logistics agreement with Borouge, and a 50-year partnership with TA’ZIZ to establish the UAE’s first dedicated chemicals port in Ruwais, projected to generate over US$1.3 billion (AED4.8 billion) in revenue over 27 years.
Looking ahead, ADNOC L&S reaffirmed its 2025 guidance, expecting revenue growth in the high 20 per cent range, EBITDA growth in the mid-20s, and net income growth in the low-to-mid double digits.
The company remains confident in its medium-term outlook (2026–2029), supported by a diversified portfolio, strong cash generation, and robust long-term contracts.
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