Abu Dhabi Ports Company (ADPORTS) investor relations material

Executive summary

• Achieved record quarterly net profit of AED 653 million in Q1 2026, up 41% year-over-year, with revenue rising 25% to AED 5.75 billion, driven by organic growth and resilience amid regional disruptions.

• EBITDA rose 33% to AED 1.52 billion (margin 26.4%), and EPS increased 43% year-on-year to AED 0.10.

• Maintained FY 2026 and medium-term guidance for growth, profitability, CapEx, cash flow, and leverage, supported by business and geographic diversification and strategic agility.

• Asset monetization advanced, with AED 6.4 billion transacted over six months, including major land and warehouse sales and divestment of non-core holdings.

• Expanded international presence with new port concessions in Jordan and Cameroon, and launched Metal Park in Abu Dhabi.

Financial highlights

• Revenue up 25% year-on-year to AED 5.75 billion; EBITDA up 33% to AED 1.52 billion; net profit up 41% to AED 653 million; EPS up 43% to AED 0.10.

• Operating cash flow at AED 943 million, up 30% year-on-year; free cash flow slightly negative due to elevated CapEx.

• Liquidity remains strong with AED 4.6 billion in cash and AED 2.8 billion undrawn facilities; total assets at AED 73,998 million.

• Net leverage improved to 3.9x EBITDA, progressing toward 3.5x target; investment grade ratings AA- (Fitch), A1 (Moody’s).

• Gross margin for Q1 2026 was 26.7%, up from 25.6% year-over-year.

Outlook and guidance

• Guidance for growth, profitability, CapEx, cash flow, and leverage maintained for 2026 and medium term; revenue CAGR >10%, EBITDA CAGR 10–15%, PBT CAGR >15%, EBITDA margin 25–30%.

• CapEx guidance of AED 4.5–5 billion annually for 2026 and 2027, with over 75% allocated to infrastructure assets.

• Free cash flow to the firm expected to be positive for the full year, despite a slightly negative Q1.

• Management confirms sufficient resources for continued operations for at least 12 months.