Revenue growth of 9.7%
DP World has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to US$ 20.0bn and adjusted EBITDA rose by 6.7% to US$ 5.5bn with an adjusted EBITDA margin of 27.2%, according to a corporate press communication.
Results highlights were as follows. Revenue increased by 9.7% to a record US$ 20.0bn; adjusted EBITDA increased by 6.7% to a record US$ 5.5bn and profit for the year was US$ 1.5bn
DP World capacity exceeds 100 million TEU – continued investment in key growth markets. DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets. Furthermore, Capital expenditure of US$ 2.2bn was invested across the existing portfolio.
Investments
Capital expenditure budget for 2025 is approximately US$ 2.5bn to be invested mainly in Jebel Ali (UAE), Drydocks World and Jebel Ali Freezone (UAE), Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal) and Jeddah (Saudi Arabia).
DP World focused on driving revenue synergies and building long-term relationships with cargo owners. Enhanced logistics portfolio offers value-added capabilities in fast-growing markets and verticals. DP World aims to deliver supply chain solutions to cargo owners by leveraging its best-in-class infrastructure, the press statement continued.
Resilience
Strong 2024 performance, positioned for resilient growth despite uncertainty. Strong financial performance in 2024, but the outlook remains uncertain due to geopolitical risks and changing global trade landscape.
Despite global uncertainties, DP World is well-positioned for long-term growth, leveraging its integrated supply chain solutions and strategic investments to drive sustainable value creation.
“These results demonstrate the benefits of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions and disciplined cost optimization,” stressed Sultan Ahmed Bin Sulayem, Chairman and CEO, DP World Group.
