Original title: AD Ports Group Reports Q2 2026 Net Profit of AED 836 Million, Demonstrating Strong Performance Amid Market Volatility
Revenue rose 47% year on year to AED 7.08 billion, with EBITDA up 49% to AED 1.74 billion, an implied margin of 24.5% against 24.2% a year earlier. Total net profit nearly doubled, up 88% to AED 836 million. Asset sales contributed AED 650 million to revenue and AED 294 million to EBITDA.
Free cash flow to the firm was negative AED 1.03 billion, reflecting the AED 1.1 billion acquisition of an additional 30% stake in GFS completed on 23 June 2026; adjusted for that transaction it would have been positive at AED 73 million. Total net debt rose AED 1.27 billion to AED 22.73 billion, while net debt to EBITDA eased from 3.9x to 3.7x.
The results were supported by continuity measures rerouting cargo to Fujairah Terminals and Khor Fakkan Port outside the Strait of Hormuz, including 400 added trucks and six chartered aircraft. The Group also announced its largest-ever acquisition, Brazil's Corredor Logística e Infraestrutura, for AED 3.1 billion, plus Germany's MBS Logistics for AED 300 million.