Dubai World Ports record standard returns … and 5.5 billion dirhams 2024 profits

Dubai Ports World Group “DPDDRED” has announced its financial results for the year ending December 31, 2024.

Its revenues recorded a growth on a declared basis by 9.7% to 20 billion US dollars, while the average profits increased before deduction of benefits, taxes, depreciation and consumption by 6.7% to reach 5.5 billion US dollars. The scaling profit margin before deducting interest, taxes, depreciation and consumption was 27.2%.

The most prominent results

The revenue increased by 9.7% to 20 billion US dollars.

The growth of returns is mainly due to the improved performance of the ports and stations, in addition to the contributions resulting from new acquisitions and privileges.

The ports and stations returns for each stereotype of 20 feet increased by 13.9% on the basis of homosexual comparison, driven by a strong growth in the Middle East and the Americas.

The increase in the profits amended before deducting interest, taxes, depreciation and consumption by 6.7% to reach 5.5 billion US dollars.

The value of the average profits increased before deducting interest, taxes, depreciation and consumption by 6.7%, and the scattered profits margins before deducting benefits, taxes, destruction and consumption for the year 27.2%, as well as the scale margin of profits before deducting benefits, taxes, destruction and consumption on the basis of homosexual comparison.

The profits of the year amounted to $ 1.5 billion (5.5 billion dirhams)

The profit for the year decreased by 2.0%, mainly due to the high financing costs.

The capacity of the “DBDDRD” has exceeded 100 million stereotypes of 20 feet, while continuing to invest in high -growth major markets.

The capacity of the “DBDDRD” has exceeded 100 million stereotypes of 20 feet, as a result of selective investment in infrastructure within the main markets with high growth.

Capital expenses worth $ 2.2 billion (compared to $ 2.1 billion in 2023) was invested via the current portfolio.

The budget for capital expenses of 2025 is about 2.5 billion US dollars, which will be invested mainly in the port of Jebel Ali (the UAE), “Global Dry Pinks”, the free zone in Jabal Ali (the UAE), the “Tuna Tikra” container (India), the “London Gitway” port (United Kingdom), the “Nadien” port (Senegal), the port of Jeddah (the Kingdom of Jeddah (the Kingdom of Saudi Arabia Saudi Arabia).

The cash liquidity resulting from operational activities increased by 18.9% to reach 5.5 billion US dollars in 2024 (compared to $ 4.6 billion in 2023).

The debt ratio (net debt to the average profits decreased before deduction of interest, taxes, depreciation and consumption) on the basis of the pre -international standard for the preparation of financial reports 16 to reach 3.4 times (compared to 3.7 times in the fiscal year 2023).

On the basis of the post -international standard for the preparation of financial reports 16, the net debt rate was 4.1 times (compared to 4.0 times in the fiscal year 2023).