By: AGBI

AD Ports Group reported double-digit top line growth for the second quarter and first half of 2025, driven by reliable passage through the Red Sea and alternative trade corridors.

Revenue climbed 17 percent year on year to AED9.4 billion ($2.56 billion) in the first six months, supported by ports, economic cities and free zones and maritime and shipping clusters.

Net earnings for the same period advanced 8 percent year on year to AED908 million.

“While the Red Sea situation continues to pose a risk to global trade, the group was able to mitigate adverse impacts and capitalised on increased demand for both reliable passage through the Red Sea and alternative trade routes,” the global ports operator said.

In the second quarter, revenue rose 15 percent year on year to AED4.8 billion. Net profit was up 1 percent annually to AED445 despite a higher income tax burden.

The Abu Dhabi-listed company is expecting profitability to improve in the second half of 2025 but is monitoring potential headwinds from newly announced US tariffs, which have had no financial impact so far.

Group CEO Mohamed Juma Al Shamisi said the company’s international expansion remained on course despite regional conflict and tariff volatility.

The company managed to capitalise on opportunities in the Red Sea and in emerging corridors, including one developed by AD Ports in Central Asia, he said.

The company’s stock rose 1.4 percent to close at AED4.34 on Tuesday. It has gained 2 percent since the start of the year.

Abu Dhabi Developmental Holding Company owns a 75.42 percent stake in the company.