AD Ports Group reported strong second-quarter results for 2025. Revenue rose 15% year-on-year to AED 4.83 billion, driven by Ports, Economic Cities & Free Zones, and Maritime & Shipping. EBITDA climbed 9% to AED 1.17 billion. Profit before tax reached AED 519 million, up 5% from last year.
Free cash flow was positive for both the quarter and year-to-date. This came from strong operating cash flow and lower capex intensity. Capex dropped to 19% of revenue, down from 28% in Q2 2024.
Ports saw container throughput grow 17% and general cargo volumes rise 13%. The CMA Terminal at Khalifa Port, which began operations this year, hit 80% utilisation in the quarter. Economic Cities & Free Zones leased 600,000 m² of land in Q2, bringing the year-to-date total to 1.6 km². Staff accommodation utilisation rose to 80%, up from 63% a year ago.
Also, in Maritime & Shipping, container feeder volumes jumped 34% year-on-year. The shipping fleet reached 34 vessels, up from 28 last year, while the marine services fleet grew to 74 vessels from 65.
AD Ports also pushed forward with sustainability initiatives. It signed an agreement with Masdar, Advario, and CMA CGM to explore an e-methanol bunkering and export facility at Khalifa Port and KEZAD. Noatum Maritime acquired the GCC’s first all-electric hydrofoil pilot boat and two fully electric tugboats. A three-year coral conservation project with NYU Abu Dhabi was also completed.
Operating cash flow for the quarter reached AED 1.14 billion, almost double last year. Net debt to EBITDA remained stable at 4.1x, improving from 4.9x a year ago. Earnings per share stayed flat at AED 0.07.
Group CEO Captain Mohamed Juma Al Shamisi said the integrated five-cluster model helped deliver growth despite global volatility. He highlighted strong demand on Red Sea and Central Asia routes, adding that the group remains focused on sustainable expansion.
