AD Ports Group’s profit attributable to owners rose 73% in the third quarter of 2026, as maritime and logistics growth lifted revenue while UAE port cargo volumes remained sharply below year-earlier levels.
Profit attributable to owners totaled AED 767 million for the three months ended Sept. 30, 2026, compared with AED 444 million a year earlier. Total net profit reached AED 975 million, up from AED 596 million.
Revenue increased 48% to AED 7.993 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 63% to AED 1.967 billion, and the EBITDA margin expanded to 24.6% from 22.3%.
Maritime and shipping revenue rose 56% to AED 4.74 billion, accounting for 58% of group revenue. AD Ports said higher rates and added capacity in feeder, roll-on/roll-off and tanker services supported growth. Logistics revenue advanced 76% to AED 1.96 billion, or 24% of group revenue.
To manage Strait of Hormuz disruptions, AD Ports said it began rerouting cargo and feeder services to Fujairah Terminals and Khor Fakkan Port in March. It also added land and air bridges and expanded warehousing and storage, which the company said helped reduce disruption for customers.
UAE container throughput totaled 751,000 twenty-foot equivalent units (TEUs), down 57% year over year but more than 30% above the second quarter. Bulk and general cargo volumes fell 54% year over year to 4.5 million tonnes, while rising 48% from the previous quarter.
The United Kingdom Maritime Trade Operations (UKMTO) counted 71 transits recorded through the automatic identification system (AIS) in its Nov. 6 report, up from 64 the previous week. Its seven-day tally also included 170 outbound and 155 inbound transits, about 65% below pre-conflict levels. UKMTO said it could not independently verify U.S.-reported facilitated transits included in the combined count.
The company’s Group Chief Executive Officer, Dr. Afif Saif Al Yafei, said the group achieved “record results during Q3, a testimony to the Group’s operational resilience.”
AD Ports said L’IMAD’s ownership had reached 98.93% after its tender offer. Settlement of a compulsory acquisition is expected Dec. 22, 2026, followed by delisting from the Abu Dhabi Securities Exchange (ADX), continuing the remaining-share bid covered in an earlier EconoTimes report.
