AD Ports Group has announced its financial results for the first quarter ending March 31, 2025. The company started the year with significant double-digit growth, building on the record financial performance achieved in 2024. This growth was fueled by the strong performance of the Ports, Economic Cities and Free Zones (EC&FZ), and Maritime and Shipping clusters.

In Q1 2025, AD Ports Group recorded a revenue of Dh4.60 billion, which represents an 18 percent increase compared to the same period last year. The impressive results were driven primarily by the robust performance in the Ports, Economic Cities and Free Zones, and Maritime and Shipping sectors.

The Group’s EBITDA reached Dh1.14 billion in the first quarter of 2025, indicating a 9 percent year-on-year growth. This growth was supported by a 17 percent increase in the Ports sector, a 10 percent rise in Maritime and Shipping, and a 7 percent boost in Economic Cities and Free Zones. The EBITDA margin stood at 24.7 percent for the quarter.

Furthermore, the total net profit surged by 16 percent year-on-year to Dh464 million, largely due to strong operating performance. The Earnings Per Share (EPS) for the quarter was Dh0.07, reflecting a 14 percent increase compared to the previous year.

Capital expenditures (CapEx) for the first quarter amounted to Dh954 million, with most of the expenditures directed towards Economic Cities and Free Zones, as well as Ports—this included Dh182 million allocated for new and renewal of ports concessions and Maritime and Shipping assets. The CapEx intensity decreased to 21 percent of Group revenue in Q1 2025, down from 33 percent in the same quarter of 2024.

Operating Cash Flow for Q1 2025 was recorded at Dh725 million, a slight decrease from Dh781 million in the same quarter last year. This decline was primarily due to the timing of collections and unfavorable changes in working capital. Consequently, the Free Cash Flow to the Firm (FCFF) was slightly negative, standing at Dh -173 million for the quarter.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, stated that the positive momentum from 2024’s record financial results continued into early 2025. He emphasized that the Group’s resilient and value-adding business ecosystem effectively navigated ongoing macroeconomic and geopolitical challenges, resulting in strong, double-digit growth in both revenue and net profit.

He further noted that the solid growth in Q1 was propelled by their Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters. The Group’s ongoing investments in core infrastructure, coupled with an agile response to geopolitical crises, have also played a significant role in sustaining this growth.

Looking ahead, Captain Al Shamisi confirmed that AD Ports Group would adhere to a prudent, profit-enhancing “intelligent internationalization” strategy, aligning with the vision of the UAE’s leadership. He pledged to navigate the current turbulence while positioning AD Ports Group and Abu Dhabi as leaders in sustainable trade, transport, logistics, and economic development, leveraging the latest advancements in AI and technology.