ADNOC Logistics & Services

FUNDAMENTALS CHECKLIST

Growth i

Very Strong

Profitability i

Very Strong

Cash Generation i

Very Strong

Financial Strength i

Operating Efficiency i

Earnings Quality i

Financial Momentum i

Price Chart

Overview

Ticker Symbol

ADNOCLS

Market Identifier

Exchange

ADX

Listed Exchange

Description

ADNOC Logistics & Services PLC provides shipping, logistics, and offshore support services to the energy sector. The company generates revenue through transportation and logistics contracts.

Revenue CAGR

Annualized revenue growth over the selected period.

1Y 41.26%

2Y 34.91%

3Y 36.96%

4Y 43.29%

Net Income CAGR

Annualized net income growth over the selected period.

1Y 10.79%

2Y 16.23%

3Y 47.64%

4Y 97.85%

Revenue Segments

Period: 2025

Shipping - Tankers

AED 6.32B (34.2%)

Integrated Logistics - Offshore Contracting

AED 5.03B (27.2%)

Integrated Logistics - Offshore Services

AED 2.31B (12.5%)

Integrated Logistics - Offshore Projects

AED 1.95B (10.5%)

Services

AED 1.33B (7.2%)

Shipping - Dry-Bulk and Containers

AED 0.82B (4.4%)

Shipping - Gas Carriers

AED 0.66B (3.5%)

Revenue by Geography

Period: 2025

Global

AED 18.42B (100%)

COMPETITIVE INTELLIGENCE

Revenue Growth

Sector Rank

UAE Market Rank

Technical Analysis

Peers Analysis

Market Analysis

Sector · Industrials · Market · UAE

Earnings Reports

Q1 26

Quarter 1 2026
Reports & Analysis

Read AI Summary Get key insights with AI

H1 26

Half Year 2026
Reports & Analysis

Financial Results View the detailed financial results Management Discussion Read the management discussion and analysis Read AI Summary Get key insights with AI

9M 26

9M 26
Reports & Analysis

Financial Results View the detailed financial results Management Discussion Read the management discussion and analysis Read AI Summary Get key insights with AI

Financial Highlights

Positive Trends

Watch Points

Liabilities have grown faster than assets for 2 consecutive years.

2024 – 2025

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Net income increased while free cash flow declined in the latest year.

2025

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Revenue increased while operating margin declined in the latest year.

2025

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Net profit margin has contracted for 2 consecutive years.

2024 – 2025

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Liability ratio has risen for 2 consecutive years.

2024 – 2025

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Liabilities-to-equity has increased for 2 consecutive years.

2024 – 2025

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Return on assets has declined for 2 consecutive years.

2024 – 2025

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Period	2021	2022	2023	2024	2025
Total Revenue	4.37	7.17	10.12	13.04	18.42
Operating Income	0.212	1.09	2.21	2.96	3.28
Pre-Tax Income	0.197	0.955	2.23	2.99	3.25
Net Income	0.201	0.957	2.28	2.78	3.08

Period	2021	2022	2023	2024	2025
Total Assets	9.87	16.56	21.1	25.72	36.6
Total Liabilities	4.25	9.95	4.92	7.75	17.33
Total Equity	5.62	6.61	16.18	17.97	19.27

Period	2021	2022	2023	2024	2025
Operating Activities	1.85	0.956	3.04	3.96	4.83
Investing Activities	-3	-6.42	-2.83	-4.46	-7.22
Financing Activities	2.15	4.72	-0.028	0.443	2.9
Exchange Rate Effect	0	0	0	0	0
Net Cash Flow	1	-0.744	0.182	-0.057	0.51
Free Cash Flow	-0.958	-0.145	0.2	0.978	0.765

Earnings Per Share

Profitability Ratios

Return on Assets (%)

Financial Strength Ratios

Liability Ratio (%)

Efficiency Ratios

Asset Turnover Ratio

Cash Generation Ratios

Operating Cash Flow Margin (%)

Growth Metrics

Per Share Metrics

Dividend History

Period	Type	DPS	Last Part. Date	Ex-Div Date	Registry Close	Payment Date
Q3 2026	Quarterly	4.23 Fils	19 Nov 2026	20 Nov 2026	23 Nov 2026	9 Dec 2026
Q2 2026	Quarterly	4.23 Fils	18 Aug 2026	19 Aug 2026	20 Aug 2026	3 Sep 2026
Q1 2026	Quarterly	4.2 Fils	21 May 2026	22 May 2026	25 May 2026	10 Jun 2026
Q4 2025	Quarterly	4.03 Fils	—	—	—	—
2024	Yearly	13.56 Fils	—	—	—	—

Ownership Structure

Date Updated: 15th October, 2025

UAE Nationals GCC Arab Others

Ownership Split

87.21%

10.84%

UAE Nationals

87.21%

Ownership share

GCC

1.81%

Ownership share

Arab

0.14%

Ownership share

Others

10.84%

Ownership share

Top Shareholders

#	Holder	% of Holding	Shares Held	Date Reported
1	XRG PJSC	78%	5,772,000,000	Oct 10, 2026

Business Credit Ratings

Fitch

A+ STABLE

Credit rating

Moody's

A1 STABLE

Credit rating

S&P Global

A+ STABLE

Credit rating

ESG Ratings

MSCI

Not rated

S&P

ESG score (0–100)

News & Articles

ADNOC L&S Raises 2026 Net Profit Growth Guidance to 360% After Strong 9M Results

Nov 12, 2026

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ADNOC Logistics & Services Reports 227% Net Profit Growth to AED 7.57 Billion in 9M 2026 and Raises Full-Year Guidance

Nov 12, 2026

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ADNOC Logistics & Services Orders 3 New Very Large Gas Carriers (VLGCs) for AED 1.19 Billion

Oct 6, 2026

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ADNOC L&S Orders Two Additional LNG Carriers for USD 444 Million

Aug 25, 2026

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ADNOC L&S Raises Full-Year 2026 Guidance on Strong Shipping Performance

Aug 13, 2026

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ADNOC L&S Expands Fleet with USD 1.3 Billion Acquisition of 11 Vessels

Aug 7, 2026

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ADNOC Logistics & Services Releases 2025 Sustainability Report

Jul 27, 2026

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ADNOC L&S Provides Update Following Attack on Two Oil Tankers

Jul 14, 2026

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ADNOC L&S Orders Four New LNG Carriers in USD 900 Million Fleet Expansion

Jul 10, 2026

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ADNOC Logistics & Services Upgrades Full-Year 2026 Financial Guidance

Jun 29, 2026

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