Adnoc L&S revenue for the June quarter surged to more than $2.5 billion. Photo: AdnocShow caption: Adnoc L&S revenue for the June quarter surged to more than $…Company raises its full-year financial guidance amid higher earnings
Adnoc Logistics and Services reported a fourfold jump in second-quarter net profit, reaching nearly $917 million compared to $229 million a year earlier.
Revenue for the quarter more than doubled, surging to $2.58 billion, driven by a strong performance in its shipping business.
The company raised its 2026 financial guidance for the third time, reflecting consistently higher-than-expected earnings amid volatile market conditions.
The strong results were achieved despite geopolitical uncertainty triggered by the Iran war, highlighting the resilience of the shipping market.
