Profit attributable to shareholders of ADNOC Logistics and Services jumped 300.8% during the second quarter of 2026, recording $916.9 million, supported by revenue growth of approximately 105.4% to more than $2.583 billion.
Conversely, direct costs and general and administrative expenses increased, while financing costs decreased.
The net profit margin was 43%, compared to 31% for the same period in 2025.
During the first half period, profit attributable to shareholders of ADNOC Logistics and Services rose by approximately 173.5%, exceeding $1.119 billion.
Revenues for the period exceeded $3.666 billion, representing an annual growth rate of 50.3%, supported by revenue growth in both maritime shipping (132%) and services (14%), while revenues from integrated logistics services decreased by approximately 20%.
During the period, the company recorded an expected credit loss provision of approximately $48.2 million, compared to $2.9 million for the same period in 2025.
Meanwhile, the item for share of profit from joint ventures and associates rose to $38.5 million compared to $15.8 million for the same period of comparison.
In addition, the ADNOC Logistics and Services Board of Directors approved the distribution of interim cash dividends to shareholders for the second quarter of 2026, amounting to $85.3 million, and set August 18 as the last day for purchase.
Finally, for the third time, ADNOC Logistics and Services raised its financial guidance for 2026, expecting moderate revenue growth in the range of 20% and high net profit growth in the range of 110%.
In addition, the value of new ship acquisitions and shipbuilding commitments from the beginning of 2026 to date has reached approximately $2.3 billion.
