678 million dirhams net profits "ADNOC Supply and Services" During the first quarter
Abu Dhabi, May 12/ WAM/ ADNOC BLC Supply and Services announced today, its financial results for the first quarter ending on March 31, 2025, as revenues during the first quarter of the year amounted to 4.33 billion dirhams “1.18 billion dollars”, an increase of 41% on an annual basis.
The profits increased before deducting interest, taxes, destruction and consumption by 20% to 1.26 billion dirhams “344 million dollars”, driven by strong performance across all business sectors, which led to the preservation of profit margins before deducting interest, taxes, consumption and consumption at 29%.
The net profit for the first quarter reached 678 million dirhams “185 million dollars”, recording a decrease of 5% compared to the first quarter of 2024, and this came mainly as a result of the decrease in commercial shipping prices, which are still 3% higher than the previous quarter.
The company also achieved strong growth in its profits and cash flows despite the fluctuations of the market, thanks to the strategy of diversifying its operations portfolio and the elasticity of its operating model, and the company continues to explore more opportunities to create and enhance value and support the efficiency of its assets by achieving synergy and integrating the operations of the Zakher Marin International and Navig 8.
Captain Abdul Karim Al -Musabi, CEO of ADNOC Supply and Services, said that the company continues to achieve strong financial results and significant growth in its business.
He added that the company’s recent acquisition of 80% of the “Navig 8” share and the integration of its capabilities within the widespread services portfolio, contributed to strengthening the company’s offers offered to customers and expanding its global presence, which contributes to creating a new value for shareholders, noting that it continues to implement its strategy for qualitative growth and support the use of tools and solutions of artificial intelligence and advanced technology to raise the operational efficiency of the company.
The revenues of the integrated logistical services sector for ADNOC Supply and Services increased during the first quarter of 2025 to 2.3 billion dirhams “628 million dollars”, an increase of 23% compared to the first quarter of 2024.
The reason for this rise is significantly due to the rise in revenues from engineering, purchases and construction projects, including the contribution of the two artificial “Al -Amira” and the fields of “tricks” and “Augus”; The use of marine attribution platforms improves and high profit rates.
The profits increased before deducting interest, taxes, depreciation and consumption for the integrated logistical services sector in the company by 15% to reach 669 million dirhams “182 million dollars” compared to the first quarter of 2024.
The revenue of the shipping sector increased by 87% to 1.72 billion dirhams “469 million dollars” compared to the first quarter of 2024, mainly driven by the inclusion of revenues from the Navig 8 oil tanker fleet.
The profits also increased before deducting interest, taxes, depreciation and consumption for the shipping sector by 26% to reach 527 million dirhams (143 million dollars) compared to the same period last year, achieving a strong profit margin before deducting interest, taxes, depreciation and consumption of 31%.
On the other hand, the services sector recorded a growth in revenue by 9% to reach 310 million dirhams (84 million dollars) compared to the first quarter of 2024, which led to the growth of the profits of this sector before deducting interest, taxes, destruction and consumption by 52% on an annual basis to reach 66 million dirhams (18 million dollars); This came mainly as a result of the growth of the business station for the container, and the company’s “Integr8” profits.
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