4.61 billion dirhams revenues "ADNOC Supply and Services" During the second quarter
Abu Dhabi, August 12/ WAM/ ADNOC Supply and Services Company announced today, the achievement of exceptional financial results for the second quarter and the first half of 2025, exceeding the market expectations and confirming its operational efficiency and high flexibility in the face of market fluctuations.
The company’s revenues increased during the second quarter by 40% on an annual basis, to reach 4.61 billion dirhams “1.25 billion dollars”.
The profits were also recorded before deducting interest, taxes, destruction and consumption, a growth of 31% on an annual basis, to reach 1.47 billion dirhams “400 million dollars” and the net profit for the second quarter increased by 14% on an annual basis to reach 866 million dirhams “236 million dollars”.
For the first half of 2025, the company’s revenues amounted to 8.95 billion dirhams “2.43 billion dollars”, an increase of 40% on an annual basis.
The profits increased before deducting interest, taxes, destruction and consumption by 26% to 2.73 billion dirhams ($ 744 million) during the same period, driven by strong performance across all business sectors, which led to the preservation of profits margins before deducting interest, taxes, consumption and consumption at 30%.
The net profit for the first half of the year reached 1.54 billion dirhams “420 million dollars”, an increase of 5% for the first half of the year 2024, and 18% for the second half of the previous year.
The diversified and flexible business model of ADNOC Supply and Services Company contributed to enabling it to achieve a net net profit and strong operational cash flows, despite the challenges in the ship rental price system in the gas, carriers, and dry brochure sectors.
In a step confirming the strong performance in the company’s main business sectors and improved profit margins, “ADNOC supply and services” raised its directives for the entire year, as it expects faster growth due to the strong demand expected and improve operational efficiency through basic business areas.
The company also continues its efforts to create and enhance value and raise the efficiency of operations through the portfolio of its various assets, in conjunction with the advancement of integration and innovation through its subsidiaries in the sectors of marine logistical services and shipping, “Zakher Marine International” and “Navig 8”.
Captain Abdul Karim Al -Musabi, CEO of ADNOC Supply and Services Company, said that announcing the company’s achievement of the highest quarterly results in its history embodies the strength of the qualitative growth strategy it follows, and its ability to seize various opportunities through the integrated logistics services sectors, shipping and services.
He added that this standard financial performance confirms the company’s continued superiority over the market expectations, driven by strong cash flows, strategic partnerships, and high operational efficiency, indicating that in line with this momentum, the company’s updated directives for the entire fiscal year embody its confidence in providing a long -term value to its shareholders.
Al -Musabi explained that the integrated logistical services sector recorded an exceptional performance, as its revenues increased by 22% on an annual basis to reach 4.74 billion dirhams (1.29 billion dollars), driven by a strong demand and strategic growth in the main fields, pointing out that this distinguished performance was reflected in profits before deducting benefits, taxes, destruction and consumption, which increased by 27% to 1.54 billion Dirham “$ 420 million”, which confirms the vital role of this sector in strengthening the total results of the company.
This profitable growth is due to the strong use of marine support platforms, the high market prices in this field, and the improvement of profitability in the integrated logistical services platform, as well as increasing the leasing activity.
Engineering, purchases and construction projects, including the artificial “Al -Amira” and the fields of “tricks” and “Augus”, have also contributed to achieving strong increases in revenues.
The revenues of the marine shipping sector recorded an exceptional increase by 89% to 3.602 million dirhams ($ 981 million), compared to the first half of 2024, and this performance mainly is due to the inclusion of revenues resulting from the Navig 8 oil carrier fleet, which represents an important step in the company’s strategic expansion efforts.
The profits increased before deducting interest, taxes, destruction and consumption by 25% on an annual basis to reach 1.06 billion dirhams “$ 290 million”, which embodies the power of operational implementation, and the strong profit margin of 30% confirms the company’s ability to create a strong value even in the conditions of the less active markets.
On the other hand, the services sector continues to support the diversified business model of the company, as revenues increased by 4% on an annual basis to reach 607 million dirhams “$ 165 million”.
The profits also grew before deducting interest, taxes, destruction and consumption by 22% on an annual basis to reach 121 million dirhams “33 million dollars”, and this is mainly due to the increase in the volume of business in the “Buruj” container station, as well as the company’s share of the profits of services to supply ships with fuel for “Integr8”.
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