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AD Ports Group posts record Q2 as profit nearly doubles

AD Ports Group delivered its strongest quarterly results on record in Q2 2026, with net profit surging 88% year-on-year to AED 836 million as revenue climbed 47% to AED 7.08 billion, driven by Maritime & Shipping, Economic Cities & Free Zones, and Logistics clusters.

EBITDA rose 49% to AED 1.74 billion, with the margin edging up to 24.5% from 24.2% a year earlier. Asset sales – including the AED 650 million disposal of warehouses in KEZAD Abu Dhabi to Aldar – contributed AED 294 million to EBITDA.

The results were achieved despite severe disruption to UAE port operations caused by conflict around the Strait of Hormuz, which drove a 65% decline in UAE container throughput to 573,000 TEU.

The group responded by deploying 32 vessels, 400 additional trucks, and expanded Etihad Rail frequency to activate alternative multimodal corridors through Fujairah and Khor Fakkan. For H1 2026, group revenue reached AED 12.83 billion, up 36% year-on-year, with net profit of AED 1.49 billion – already 71% of the group's full-year 2025 result.

Gulf Economist Staff Writer