Abu Dhabi Ports Company (ADPORTS) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 reached AED 12,834 million, up from AED 9,423 million year-over-year, with net profit rising to AED 1,489 million from AED 908 million.

• Achieved record Q2 2026 results with net profit of AED 836 million, up 88% YoY, and revenue of AED 7.08 billion, up 47% YoY, amid significant regional disruptions.

• The Board approved the interim financial statements and released management and auditors from liability for the period.

• Operational resilience demonstrated through rapid deployment of alternative trade routes and supply chain solutions in response to Strait of Hormuz disruptions.

• Strategic expansion continued with major acquisitions in Brazil (CLI), Germany (MBS Logistics), and increased stake in GFS.

Financial highlights

• Adjusted EBITDA for the six-month period was AED 3,253 million, up from AED 2,304 million year-over-year.

• Q2 2026 EBITDA rose 49% YoY to AED 1.74 billion, with EBITDA margin at 24.5% versus 24.2% a year earlier.

• Basic and diluted EPS increased to AED 0.22 from AED 0.14 year-over-year.

• Total assets grew to AED 75,781 million from AED 69,398 million at year-end 2025.

• Cash and cash equivalents at period end were AED 2,788 million.

Outlook and guidance

• The Group is monitoring the impact of new IFRS standards, particularly IFRS 18, expected to materially affect future disclosures.

• CLI acquisition in Brazil expected to close by end of Q3 2026; MBS Logistics deal to close in Q4 2026.

• Mandatory Tender Offer for Alexandria Container & Cargo Handling Company expected to close in Q4 2026.

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

• Plans to further expand warehousing and storage capacity by year-end.