AD Ports Group posts Dhs4.83b revenue for the second quarter

AD Ports Group on Wednesday announced its financial results for the second quarter of 2025.

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The group's revenue surged 15 per cent year-on-year (YoY) to Dhs4.83 billion in Q2 2025, driven by the Ports, Economic Cities & Free Zones, and Maritime & Shipping clusters.

Quarterly EBITDA increased 9 per cent YoY to Dhs1.17 billion, with group EBITDA margin standing at 24.2 per cent in Q2, 2025.

The group's profit before tax reached Dhs519 million, up 5 per cent YoY, primarily due to the effect of higher depreciation and amortisation charges and finance costs.

Total net profit was relatively flat at Dhs445 million because of higher income tax, while earnings per share (EPS) for the quarter stood at Dhs0.07, flat YoY.

Capital expenditure in the quarter totalled Dhs928 million, with most investment directed to Maritime & Shipping, Economic Cities & Free Zones, and Ports assets.

Capex intensity fell to 19 per cent of group revenue from 28 per cent a year earlier.

Given the strong operating profit performance and a cash conversion of 97 per cent for the quarter, operating cash flow reached Dhs1.14 billion in Q2 2025, almost doubling from the same period a year earlier. As a result, Free Cash Flow to the Firm (FCFF) was positive for the quarter and year-to-date.

The group's underlying operational performance was strong across the Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters, which all together constituted over 90 per cent of total Q2 2025 EBITDA. In Ports, quarterly container throughput soared 17 per cent YoY while general cargo volumes increased 15 per cent YoY.