By: Creamer media

Abu Dhabi National Oil Company (Adnoc) subsidiary Adnoc Logistics & Services (Adnoc L&S) said its fourth-quarter and 2025 top line rose amid growing market demand.

Full-year revenue climbed 41 percent to $5 billion, helping net profit increase 14 percent to $863 million.

Fourth-quarter revenue was up 35 percent year on year at $1.2 billion, while net profit increased 29 percent annually to $232 million, reflecting improved performance in the shipping segment.

Revenue from shipping rose 122 percent to $2.1 billion following the acquisition of Navig8, which expanded Adnoc L&S’s global reach. The company purchased 80 percent of Navig8 in January 2025 for $999 million.

Growth investments remain on track, committing an additional $3 billion beyond announced projects, a statement said.

The 2025 dividend is expected to increase 20 percent year on year to $325 million, paid quarterly. The payouts will rise 5 percent annually from 2026 until 2030, subject to approval.  

The company’s share price fell 0.5 percent to AED4.57 on Wednesday morning and is down 1 percent in the year to date. 

XRG, Adnoc’s low-carbon energy and chemicals investment arm, owns 78 percent of Adnoc L&S.