By: Oil & gas Middle east

ADNOC Logistics and Services plc (ADNOC L&S) announced record-breaking results for the second quarter (Q2) and first half (H1) of 2025.

The company reported a Q2 revenue increase of 40% year-on-year (YoY) to $1,258 million, with EBITDA growing 31% YoY to $400 million. Net profit for the quarter rose by 14% YoY to $236 million.

For H1 2025, revenue reached $2,439 million, marking a 40% YoY increase. The company’s robust performance across all sectors resulted in EBITDA rising by 26% YoY to $744 million, maintaining an EBITDA margin of 30%. Net profit for H1 was $420 million, up 5% YoY and 18% compared to H2 2024. Despite challenges in the shipping charter rate environments across Gas, Tankers, and Dry Bulk, ADNOC L&S’s diverse business model delivered strong net profit and operating cash flow.

Boosted by strong core business performance and improved margins, ADNOC L&S has upgraded its full-year guidance, anticipating accelerated growth due to continued momentum and enhanced operational efficiency.

The company continues to enhance value and streamline operations, integrating innovation through subsidiaries Navig8 and Zakher Marine International (ZMI).

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, stated, “We are proud to report our highest-ever quarterly results, underscoring the strength of our growth strategy and ability to capitalise on diversified opportunities. This record-breaking performance reflects our market-leading capabilities, driven by robust cash flows, strategic partnerships, and operational excellence.”

Segment Highlights for H1 2025:

Integrated Logistics: Revenue increased 22% YoY to $1,293 million, with strong demand driving EBITDA up by 27% YoY to $420 million. Key growth was seen in Jack-up Barges utilisation and chartering activity.

Shipping: Revenue surged 89% YoY to $981 million, driven by the consolidation of Navig8 tankers, marking significant strategic expansion. Shipping EBITDA rose by 25% YoY to $290 million.