DP World reports record revenue of $20b on improved performance

Ports and terminals revenue per TEU increased 13.9 per cent on a like-forlike basis, with strong growth from the Middle East and the Americas

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DP World Limited has announced financial results for the year ended 31st December 2024. On a reported basis, revenue grew by 9.7% to $20 billion, and adjusted EBITDA rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%.

Revenue growth of 9.7% was mainly due to improved performance from ports and terminals and contributions from new acquisitions and concessions.

Ports and terminals revenue per TEU increased 13.9% on a like-for-like basis, with strong growth from the Middle East and the Americas.

DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.

Capital expenditure of $2.2 billion ($2.1 billion in 2023) was invested across the existing portfolio.

The capital expenditure budget for 2025 is approximately $2.5 billion to be invested mainly in Jebel Ali, Drydocks World and Jebel Ali Freezone, Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal), and Jeddah (Saudi Arabia).

Cash generated from operating activities increased by 18.9% to $5.5 billion in 2024 ($4.6 billion in 2023).