Aramex, listed on the Dubai Financial Market, saw its profit attributable to shareholders decline by approximately 79.3% during the third quarter to AED 5.2 million.
The decline in profits comes despite a marginal increase of 0.4% year-on-year in revenues to nearly AED 1.6 billion, supported by growth in revenues from the local express shipping, freight and logistics sectors, while revenues from the international express shipping sector declined.
The marginal growth in revenues was offset by higher service costs, administrative expenses, and financing costs, in addition to recording AED 11.3 million in other non-operating expenses compared to nothing for the same period in 2024.
Aramex's profits also declined during the first nine months of the year by 82.8%, recording 13 million dirhams.
The reasons are due to direct costs increasing at a higher rate than revenues, which grew marginally by about 0.7%.
Under the heading of other non-operating expenses, the company recorded approximately AED 19.6 million for the period, compared to nothing for the same period last year. It also recorded losses during the period from its share of the results of joint ventures and associates.
Aramex maintained a cash balance of AED 575 million as of September 30, 2025.
