ADNOC Logistics and Services recently reported record-breaking Q2 and H1 results for 2025, surpassing market expectations and demonstrating resilience and operational strength in a volatile market.
ADNOC L&S’s outstanding Q2 revenue increased by 40% year-on-year (YoY) to US$ 1,258mn with EBITDA growing 31% YoY to US$ 400mn. Net profit for the quarter grew 14% YoY to US$ 236mn.
In H1-2025, the Company’s revenue was US$ 2,439mn, a 40% YoY increase. EBITDA rose by 26% YoY to US$ 744mn. Net profit for H1-2025 was US$ 420mn, up 5% YoY, and up 18% compared to H2 2024.
Resilient business model
ADNOC L&S’s diverse and resilient business model enabled the Company to deliver strong net profit and operating cash flow despite challenging shipping charter rate environments in Gas, Tankers, and Dry Bulk.
“In line with this momentum, our upgraded full-year guidance demonstrates our confidence in delivering long-term value to shareholders,” observed Captain Abdulkareem Al Masabi, CEO, ADNOC L&S.
Shipping: The segment demonstrated exceptional growth, with revenues surging 89% YoY to US$ 981mn.
Services: The segment continues to extend ADNOC L&S’s diversified business model, with revenues rising 4% YoY to US$ 165mn.
