ADNOC Logistics & Services announced record results for the second quarter and first half of 2026, exceeding market expectations and reflecting the strength and resilience of its operations in responding to changing market conditions.

The company recorded revenue of AED 9.49 billion in the second quarter of 2026, an increase of 98% year over year, while earnings before interest, taxes, depreciation, and amortization rose 176% year over year to AED 4.06 billion.

Net profit also surged 303% year over year to AED 3.49 billion, underscoring the continued strong momentum across the company’s operations.

First-Half Revenue Rises to AED 13.46 Billion

During the first half of 2026, ADNOC Logistics & Services’ revenue increased by 46% to AED 13.46 billion, while earnings before interest, taxes, depreciation, and amortization rose by 98% year over year to AED 5.41 billion.

The profit margin reached 40%, up 11 percentage points from the same period last year, supported by record performance from the shipping segment.

Net profit increased by 179% year over year to AED 4.3 billion during the first half of the year.

In light of the strong results achieved, the company raised its financial guidance for 2026 for the third time, reflecting the strength of its earnings and its ability to support ADNOC’s operations while continuing to deliver growth.

Al Masabi: Exceptional Financial Performance and Strong Cash Flows

Abdulkareem Al Masabi, Chief Executive Officer of ADNOC Logistics & Services, said that the strong fundamentals of the shipping market, together with the company’s disciplined execution and ability to respond quickly to market changes and volatility, contributed to delivering exceptional financial performance and generating strong cash flows, resulting in record results during the first half of 2026.

Major Expansion of ADNOC Logistics & Services’ Fleet

ADNOC Logistics & Services continues to implement a major fleet expansion program as part of its plans to strengthen its operational capabilities and support future growth opportunities.

The value of vessel acquisitions and newbuild commitments since the beginning of the year to date has reached approximately AED 8.5 billion, as part of capital expenditure commitments totaling AED 20.9 billion.

The company’s continued investment in its fleet reflects its focus on expanding its operations and capitalizing on growth opportunities in the shipping and maritime services sector, while maintaining a strong financial position to support its future plans.

AED 313.3 Million in Interim Cash Dividends

The company confirmed that its dividend policy will remain unchanged and aligned with its approved capital allocation framework, noting that it retains significant financial capacity to pursue additional investments beyond previously planned projects.

The Board of Directors approved an interim cash dividend of $85.3 million, equivalent to AED 313.3 million, for the second quarter of 2026. The dividend will be distributed based on share ownership as of the record date of August 20, 2026.

The interim dividend is in line with the company’s approved dividend policy, which targets progressive annual growth in dividend per share of at least 5% per year over the medium term.