Aegis Vopak Terminals (AEGISVOPAK) Q4 24/25 earnings summary

Executive summary

• Largest Indian third-party liquid and LPG storage terminal operator, with 1.7 mn cbm of liquid capacity across 6 ports and FY25 gas static capacity of 70,800 MT.

• Liquid and gas contributed 54.36% and 45.64% of FY25 revenue, respectively; a ₹280,000 lakh IPO was completed after year-end, with shares listed June 2, 2025.

Financial highlights

• FY25 consolidated operating revenue was ₹62,108.20 lakh vs ₹56,176.10 lakh in FY24; EBITDA was INR 4,576.92 mn vs INR 3,975.37 mn.

• FY25 consolidated PBT was ₹16,501.38 lakh vs ₹12,101.72 lakh; PAT was ₹12,723.02 lakh vs ₹8,654.35 lakh.

• Q4 consolidated revenue was ₹15,690.12 lakh vs Q3 ₹16,149.87 lakh; Q4 PAT was ₹4,133.88 lakh vs ₹3,780.37 lakh.

• FY25 total comprehensive income was ₹15,194.83 lakh vs ₹8,801.66 lakh, including other comprehensive income of ₹2,471.81 lakh.

Outlook and guidance

• A 36,000 MT cryogenic ammonia terminal is under development at Pipavav; ammonia facilities are targeted at ports with existing liquid terminal operations.

• FY26 development land includes Kandla 47,500 sq m, JNPA 121,000 sq m, Mangalore 76,000 sq m, Kochi 15,200 sq m and Pipavav 25,500 sq m.

• Growth priorities include brownfield expansions, new port locations, industrial terminals, alternative-energy products and acquisitions.