AD Ports Group begins 2025 on a strong note
AD Ports Group, an enabler of integrated trade, transport, industry and logistics solutions, has announced its financial results for the first quarter ending 31st March 2025.
Building on the momentum of 2024’s record financial performance, AD Ports Group started 2025 with impressive double-digit growth from top-line to bottom-line, driven by the Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters.
Key Financial Results in Q1 2025
* AD Ports Group revenue reached AED 4.60 billion in Q1 2025, growing by an impressive 18% YoY (Year-on-Year), with the Ports, Economic Cities & Free Zones, and Maritime & Shipping clusters being key drivers behind the strong performance.
* Group EBITDA amounted to AED 1.14 billion in Q1 2025, translating into a 9% YoY growth, driven by a 17% YoY increase in Ports, 10% YoY in Maritime & Shipping, and 7% YoY in Economic Cities & Free Zones (Group EBITDA Margin stood at 24.7% in Q1 2025).
* Total Net Profit soared 16% YoY to AED 464 million, mainly driven by the operating performance.
Key Business Developments in Q1 2025
* Entered a 51%-owned JV to develop a greenfield grain terminal at Kuryk Port in Kazakhstan.
* Started port and logistics operations at Luanda Port in Angola.
* Signed a 50-year land lease agreement with Al Ain Mills for a 50,000 sq. m grain storage and processing facility at Khalifa Port South Quay, which will boast a storage capacity of approximately 300,000 metric tonnes.
* Brought in CMA CGM Group with 49% ownership in the JV that will develop and operate New East Mole Multipurpose Terminal at the Port of Pointe Noire in the Republic of Congo-Brazzaville, the 30-year extendable concession that AD Ports Group secured in June 2023.
* Secured a contract to manage and operate the 1.3 million sq. m Al Madouneh Customs Centre in Amman, Jordan. The cutting-edge facility was recently launched to support the country’s trade competitiveness through AI-driven customs solutions, blockchain-enabled transparency, and Internet of Things (IoT)-powered logistics optimisation.
* Formed a 70%-owned JV with Arab Shipbuilding & Repair Yard Company (ASRY) for the provision of marine services in Bahrain.
* Signed a 50-year land lease agreement with ETG Bio Green Polymer for a 22,000 sq. m compostable polymer resin factory in KEZAD. The 100% sustainable polymers will help businesses transition to plastic-free packaging solutions.
* Launched a JV, “United Global Ro-Ro” – Noatum Maritime (60%) and Erkport (40%), to facilitate global Ro-Ro and vehicle transport. Noatum Maritime and Erkport will jointly deploy Container Ro-Ro (ConRo), Pure Car and Truck Carrier (PCTC), and Ro-Ro vessels. The JV will start with 11 vessels on five services.
* Started operations of Al Faya Dry Port facility, a custom-bound inland container depot strategically located between Abu Dhabi and Dubai to serve all Northern emirates, which aims to drive Khalifa Port’s O&D container volumes. Al Faya Dry Port will serve CMA CGM as its first key client but will be scaled up to also serve AD Ports Group’s other strategic shipping partners at Khalifa Port, such as COSCO and MSC.
* Signed a 50-year land lease agreement with Bisconni Middle East, part of Ismail Industries – Pakistan’s largest confectionery, biscuits, and snack food manufacturer, for a 37,000 sq. m facility in KEZAD.
* Launched the first phase of Metal Park Storage Hub in KEZAD, which offers storage solutions and support services for the metal industry.
* Formed a 50%-owned JV with Columbia Group, which boasts an integrated maritime, logistics, leisure, energy and offshore services platform, to optimise third party vessel operations through advanced fleet management systems and AI-driven performance analytics. The digital platform will provide fleet performance enhancement, predictive maintenance, and regulatory compliance to optimise voyages, speed, bunker usage, emissions, etc.
* Signed two long-term lease agreements at Khalifa Port: 1) 50-year lease with Olyz Terminals for developing a petroleum storage terminal; and 2) 10-year lease agreement with TW Steel for container fabrication and maintenance services.
Source : Our Correspondent