Adnoc Logistics and Services Q2 revenue up 40% YoY to $1,258m

Adnoc Logistics and Services (Adnoc L&S) reported record-breaking second-quarter (Q2) and first-half (H1) results for 2025, surpassing market expectations and demonstrating resilience and operational strength in a volatile market.

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Adnoc L&S's Q2 revenue increased by 40 per cent year-on-year (YoY) to $1,258 million (Dhs4,618 million) with EBITDA growing 31 per cent YoY to $400 million (Dhs1,470 million).

Net profit for the quarter grew 14 per cent YoY to $236 million (Dhs866 million).

In HI 2025, the company's revenue was $2,439 million (Dhs8,957 million), a 40 per cent YoY increase.

EBITDA rose by 26 per cent YoY to $744 million (Dhs2,732 million), driven by robust performance across all business segments, sustaining EBITDA margin at 30 per cent.

Net profit for HI 2025 was $420 million (Dhs1,544 million), up 5 per cent YoY, and up 18 per cent compared to H2 2024.

Adnoc L&S's diverse and resilient business model enabled the company to deliver strong net profit and operating cash flow despite challenging shipping charter rate environments in Gas, Tankers, and Dry Bulk.

Driven by strong performance in its core business segments and improving margins, Adnoc L&S has upgraded its full-year guidance, expecting faster growth due to continued momentum and enhanced operational efficiency across key areas.