AD Ports Group (ADX: ADPORTS), a leading globalenabler of integrated trade, industry, and logistics solutions, today announcedits preliminary unaudited financial results for the fourth quarter and full year ending 31st December 2025. The Group delivered record revenue and net profit for the full year 2025 and also turned Free Cash Flow (FCF) positive for the year, a first since its 2022 public listing.
Operationally,the strong growth was driven by container terminals throughput, both domestically and internationally, the addition of 3.3 km2 ofnet new industrial land leases in Khalifa Economic Zones – Abu Dhabi(KEZAD) with resulting continued strong demand for warehouses, staff accommodation, and gas provision; strong activity across all maritimebusinesses – Shipping, Offshore & Subsea, Marine Services, and Drydocking & Shipbuilding – andthe launch of the Ro-Ro shipping JV, UGR.
In 2025, AD Ports Group continued executing its disciplined internationalisation strategy launched in 2022, consolidating presence in its existing markets as a corridor-focused global trade enabler. The focus remained on the Middle East,Central Asia, Pakistan, Egypt, Sub-Saharan Africa, and the Mediterranean region, where the Group continued to build operational scale and long-term partnerships. Emphasis was placed on operational stabilisation, developing customer relationships, efficiency gains, service quality, and improving the performance of recently acquired or developed assets.
Against a challenging and complex global geopolitical and macro backdrop, AD Ports Group’s diversified business model, focused strategy, and operational flexibility have proven to be effective, turning risks into differentiated opportunities.Operational progress continued to interconnect the Group’s 34 port terminals in 2025 with associated maritime and logistics services, increasing synergies and enhancing asset utilisation.
The results of that strategy are clear and visible – AD Ports Group increased its customer base by almost 20% in 2025 whilst spending by its top 10 customers increased by 40%, a testament to its synergistic vertically integrated model, and its widening service offering, and geographic expansion, whichareall bearing fruit.
The UAE macroeconomic context, and more specifically the signing and implementation of an increasing number of Comprehensive Economic Partnership Agreements (CEPAs), has also been supportive. Since 2022,29 CEPAs have been signedwith 14 implemented by the end of 2025. According to the Central Bank of the UAE, the country recorded GDP growth of approximately 5% in 2025, driven by non-oil expansion in trade, logistics, manufacturing and services. Additionally, UAE non-oil foreign trade exceeded USD 1 trillion (AED 3.8 trillion) in 2025, a 26% increase over 2024, achieving targets five years ahead of schedule and demonstrating the accelerating momentum of the country’s economic diversification strategy. This supportive macro environment in the UAE is largely expected to continue in 2026.
In container shipping, despite a challenging, complex, and volatile environment in 2025, AD Ports Group’s container feeder shipping business showed strong resilience with 38% volume growth and a mere 7% softening in rates on average. Overall, shipping freight rates remain elevated by historical standards, whilst charter rateshave strengthened further amidst tight vessel availability. Despite difficult market conditions in 2025, asset-owner AD Ports Group managed to deliver strong results in its container feeder shipping business byproactively managingits service network, leveraging strong demand for services in its key regions of focus– GCC-India, Intra-Asia, Asia-Europe, Asia- Middle East and Asia-Africa, and expanding its relationship with global shippers and complementing their global network with feeder services in the Red Sea and West Africa.
Trade flows continue to be shaped by geopolitical tensions, heightened trade policy uncertainty, and persistent disruption in the Red Sea and through the Suez Canal.Red Sea rerouting remained a defining feature in 2025 and whilst some volumes through the Suez Canal resumed sporadically since the end of last year, the majority of mainliner operators have continued to divert around the Cape of Good Hope.Looking ahead, 2026 is also expected to continue to be a year tempered by volatility, with market outcomes shaped by the trajectory of Red Sea disruptions, the evolution of trade policy, and the industry’s ability to absorb new capacity without eroding rate discipline.
In 2026, Ports and Economic Cities & Free Zones will remain thebackbone of the Group’s infrastructure-led growth strategywhilst Maritime & Shipping and Logisticswill continue to build scale to connect and support the infrastructure assets and offer customers a one-stop shop with end-to-end solutions.
