Post by : Badri Ariffin

AD Ports Group has reported a remarkable third-quarter performance, with revenues climbing 16 percent year-on-year to AED5.39 billion. Growth was driven by strong activity across its Maritime & Shipping, Ports, and Economic Cities & Free Zones segments.

Net profit surged 34 percent to AED596 million, marking the highest quarterly profit since the company’s public listing in February 2022. The boost was aided by a tax reversal linked to the UAE corporate tax filing for 2024.

While EBITDA held steady at AED1.20 billion, translating to a 22.3 percent margin, the company noted that operating profitability was slightly impacted by the restructuring of its former Digital cluster. Profit before tax rose 17 percent to AED595 million, supported by an 18 percent reduction in finance costs and the reversal of a prior impairment charge.

The quarter also saw solid operational gains, including increased port container throughput, higher general cargo volumes, growth in industrial land leases, and a rise in container feeder shipping volumes. These developments underline the company’s ability to navigate regional challenges and global trade volatility while maintaining profitable growth.

AD Ports’ performance reflects its strategic focus on “intelligent internationalisation,” targeting leadership in fast-growing trade corridors while fostering sustainable trade and logistics solutions. The company’s approach highlights its commitment to supporting economic development in Abu Dhabi and maintaining resilience amid global uncertainties.

#Business News #Economic