ADNOC Logistics & Services (ADNOC L&S) announced an upgrade to its full-year 2026 financial guidance, reflecting stronger-than-expected performance during the second quarter of 2026 and continued strength across its Shipping and Offshore Contracting businesses.
The company stated that the improved outlook is driven by ongoing strength in its Shipping segment and higher material handling volumes within its Integrated Logistics Services Platform (ILSP).
Key highlights:
• Revenue: Updated to low single-digit growth (previously: low-to-mid single-digit decline)
• EBITDA: Updated to high 20% growth (previously: mid-to-high single-digit growth)
• Net Profit: Updated to high 60% growth (previously: mid-to-high-teens growth)
According to ADNOC L&S, the Shipping segment continues to benefit from favourable market conditions, while the Offshore Contracting business has seen improved activity due to increasing material handling volumes through the ILSP. Guidance for the company’s Jack-Up Barge fleet remains unchanged.
The company also confirmed that there are no changes to its:
• Capital expenditure guidance
• Leverage targets
• Dividend policy
These remain aligned with ADNOC L&S’s long-term capital allocation framework.
ADNOC L&S added that its second-quarter 2026 financial results are scheduled to be announced on 11 August 2026.
Source: Abu Dhabi Securities Exchange (ADX) Disclosure / ADNOC Logistics & Services
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.