Abu Dhabi Ports Company

1. Company Overview & Earnings Context

AD Ports Group delivered record Q1 2026 profitability, supported by strong growth across Maritime & Shipping and Economic Cities & Free Zones operations, despite ongoing geopolitical and supply chain disruptions across the region.

The Group highlighted that its diversified business model, integrated logistics ecosystem, and rapid deployment of alternative trade corridors helped maintain uninterrupted operations during the quarter.

2. Financial Performance Snapshot

• Revenue: AED 5.75B (+25% YoY)

• EBITDA: AED 1.52B (+33% YoY)

• EBITDA Margin: 26.4%

• Profit Before Tax: AED 729M (+42% YoY)

• Net Profit: AED 653M (+41% YoY)

• Net Profit Attributable to Owners: AED 497M (+43% YoY)

• EPS: AED 0.10 (+43% YoY)

3. Operational Highlights & Key Metrics

• Total assets: AED 74.0B

• Total equity: AED 30.6B

• Operating cash flow: AED 943M (+30% YoY)

• CapEx: AED 1.35B

• Net Debt / EBITDA: 3.9x

Maritime & Shipping

• Revenue increased 38% YoY to AED 3.15B

• Container feeder shipping volumes rose 20% YoY to 871K TEUs

• Bulk, multipurpose & Ro-Ro fleet expanded to 63 vessels

Economic Cities & Free Zones

• Revenue increased 77% YoY to AED 929M

• Signed 843,000 m² of new industrial land leases

• Completed AED 295M warehouse sale to MAIR Group

• Signed AED 840M land sale agreement with Danube Properties

Ports

• Container throughput remained at 1.7M TEUs

• International container volumes grew 17% YoY

4. Key Performance Drivers

• Strong growth across Maritime & Shipping operations

• Higher feeder shipping, Ro-Ro, tanker, and drydocking activity

• Continued momentum in industrial land leasing and warehousing operations at KEZAD

• Asset monetisation initiatives supporting profitability and cash generation

• Integrated logistics and alternative trade corridor solutions supporting operational resilience

• Lower finance costs and stronger JV contributions boosting net profit growth

5. Outlook & Forward Guidance

• AD Ports maintained FY2026 guidance for revenue growth, profitability, CapEx, cash flow, and debt leverage

• Continued focus on expanding international trade corridors and integrated logistics solutions

• Management expects continued volatility in regional shipping and supply chains due to geopolitical developments

• The Group continues expanding feeder shipping services, warehousing capacity, and multimodal logistics infrastructure across the region

• Strong liquidity and investment-grade ratings continue supporting future growth and expansion

6. 🧾 Investor Takeaway

AD Ports Group delivered a strong Q1 2026 with record profitability, strong revenue growth, improving margins, and continued international expansion, while demonstrating operational resilience amid regional trade disruptions through its integrated ports, shipping, logistics, and industrial ecosystem.