May 14, 2026
Adnoc Logistics and Services reported a 12 per cent annual jump in first quarter net income despite Iran war-driven maritime logistics disruptions as higher shipping rates offset a drop in revenue.
Net profit attributable to the equity holders of the company for the three months to the end of March climbed to $202.74 million, the company said in a filing on Thursday to the Abu Dhabi Securities Exchange, where its shares are traded.
Revenue for the period dropped 10 per cent on an annual basis to $1.08 billion, while quarterly Ebitda (earnings before interest, taxes, depreciation and amortisation) rose 7 per cent year on year to $368 million.
Adnoc Distribution posts 21% rise in first-quarter profit on fuel volume growth
