ADNOC Logistics and Services has announced record second quarter (Q2) and first-half (H1) 2026 results, surpassing market expectations and demonstrating resilience and operational strength underpinned by strong performance from services supporting the delivery of energy from the UAE to the world.
ADNOC L&S delivered Q2 2026 revenue of US$ 2,584mn (AED 9,490mn), up 98% year-on-year (YoY). EBITDA increased 176% YoY to US$ 1,106mn (AED 4,063mn), while net profit rose 303% YoY to US$ 951mn (AED 3,491mn).
Revenue increase
For H1-2026, revenue increased 46% YoY to US$ 3,667mn (AED 13,466mn). EBITDA rose 98% YoY to US$ 1,475mn (AED 5,416mn) a margin of 40%, up 11 percentage points YoY, driven by record shipping performance. Net profit increased 179% YoY to US$ 1,173mn (AED 4,308mn).
The company also raised its 2026 guidance for the third time, reflecting the strong earnings achieved supporting ADNOC Group.
“Strong fundamentals in the shipping market, our disciplined execution, and our ability to quickly respond to volatile market conditions, supported exceptional earnings and cash generation and a record result for the first half of 2026. Our fleet investments will enable us to accelerate the global expansion and transformative growth at ADNOC L&S as we create long-term value for our shareholders,” explained Captain Abdulkareem Al Masabi, CEO, ADNOC L&S.
Technology, Innovation and AI Adoption
At Make it in the Emirates, the Company showcased key innovations including its Integrated Logistics Management System (ILMS), which supports more effective offshore planning and decision-making, and ‘SeaOwl’, the UAE’s first remotely operated landing craft.
Outlook
ADNOC L&S has raised its full-year 2026 financial guidance on revenue, EBITDA and net profit, incorporating continued strong shipping performance.
The company is updating the market on the sustained strong performance of its shipping segment. The revised guidance assumes continued support from strong shipping markets. Full-year results are highly dependent on regional dynamics.
