AD Ports Group reports 73 percent profit increase in Q3 2026

AD Ports Group reported a significant increase in its profit attributable to owners, rising 73 percent in the third quarter of 2026. The profit reached AED 767 million for the period ending September 30, 2026, compared to AED 444 million during the same period last year. Total net profit also increased to AED 975 million from AED 596 million.

Revenue Growth Driven by Maritime and Logistics Sectors

The company’s revenue surged by 48 percent, totaling AED 7.993 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 63 percent to AED 1.967 billion, with the EBITDA margin expanding to 24.6 percent from 22.3 percent. Maritime and shipping revenue alone increased by 56 percent to AED 4.74 billion, making up 58 percent of the total group revenue. Logistics revenue saw a remarkable 76 percent increase, reaching AED 1.96 billion, which accounted for 24 percent of group revenue.

Operational Adjustments Amid Regional Disruptions

In response to disruptions in the Strait of Hormuz, AD Ports began rerouting cargo and feeder services to Fujairah Terminals and Khor Fakkan Port in March 2026. The company also expanded its warehousing and storage capabilities, which helped mitigate disruptions for its customers. Despite the challenges, UAE container throughput totaled 751,000 twenty-foot equivalent units (TEUs), although this figure represents a 57 percent decrease year over year, despite being over 30 percent higher than the previous quarter.

Dr. Afif Saif Al Yafei, Group Chief Executive Officer, stated that the results reflect the group’s operational resilience. The company also announced that L’IMAD’s ownership reached 98.93 percent following a tender offer, with a compulsory acquisition settlement expected on December 22, 2026, prior to its delisting from the Abu Dhabi Securities Exchange.

Background on AD Ports Group

AD Ports Group operates in the maritime and logistics sectors, providing services that include port operations and logistics solutions. The company has been adapting to regional challenges while aiming to enhance its service offerings and operational capacity.

The next steps for AD Ports include the completion of the compulsory acquisition and the anticipated delisting from the Abu Dhabi Securities Exchange.