DP World Reports Record $20 Billion Revenue in 2024

DP World has announced a significant increase in its revenue, which grew by 9.7 percent to reach $20 billion (AED 73.5 billion) for the year ending December 31, 2024. The company’s adjusted EBITDA also rose by 6.7 percent, totaling $5.5 billion (AED 20.2 billion). This resulted in an adjusted EBITDA margin of 27.2 percent.

Credit: Port Technology

The revenue growth was primarily driven by enhanced performance from Ports and terminals, along with contributions from new acquisitions and concessions. Additionally, revenue per twenty-foot equivalent unit (TEU) in the Ports and terminals sector increased by 13.9 percent on a like-for-like basis, with notable growth coming from both the Middle East and the Americas.

DP World has surpassed a capacity of 100 million TEU, thanks to selective infrastructure investments in key growth markets. The company invested $2.2 billion (AED 8 billion) in capital expenditure across its existing portfolio in 2024, an increase from $2.1 billion (AED 7.7 billion) in 2023. For 2025, the capital expenditure budget is set at approximately $2.5 billion (AED 9.1 billion), primarily targeting developments in Jebel Ali, Drydocks World, and Jebel Ali Freezone, as well as projects in Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal), and Jeddah (Saudi Arabia).

Furthermore, cash generated from operating activities saw a substantial increase of 18.9 percent, reaching $5.5 billion (AED 20.2 billion) in 2024, compared to $4.6 billion (AED 17 billion) in the previous year.

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