AD Ports Group Q1 net profit jumps 41% to record AED 653 million

AD Ports Group Q1 net profit jumps 41% to record AED 653 million

AD Ports Group reported record quarterly profits in Q1 2026, driven by strong growth across its maritime, logistics and economic zones businesses.

Revenue rose 25% year-on-year to AED 5.75 billion through organic growth.

EBITDA increased 33% to AED 1.52 billion, while the EBITDA margin improved to 26.4% from 24.7% a year earlier.

Net profit surged 41% to AED 653 million. Profit attributable to shareholders increased 43% to AED 497 million.

The company said strong performance came mainly from its Maritime & Shipping and Economic Cities & Free Zones clusters.

Mohamed Juma Al Shamisi said the group responded quickly to regional disruptions by activating contingency logistics solutions across the UAE and the wider region.

The company rerouted cargo operations through Fujairah and Khorfakkan, launched new feeder services and expanded warehousing capacity.

AD Ports also established bonded land corridors linking Fujairah and Khorfakkan with Khalifa Port, Jebel Ali and Sharjah using 800 trucks and four daily rail services operated by Etihad Rail.

Warehousing capacity for essential goods exceeded 76,000 square metres during the quarter, with plans to expand to 188,000 square metres.

In maritime operations, feeder shipping volumes rose 20% year-on-year to 871,000 TEUs. The group’s fleet of bulk, multipurpose and Ro-Ro vessels expanded to 63 ships, compared to 41 vessels a year earlier.

Within KEZAD, the company signed 843,000 square metres of new industrial land leases in Abu Dhabi.

The group also completed the sale of warehouses to MAIR Group for AED 295 million and sold a one square kilometre mixed-use plot to Danube Properties for AED 840 million.

International expansion continued during the quarter. AD Ports secured a 30-year concession for Aqaba Multipurpose Port in Jordan and another 30-year concession for a new dry bulk terminal at Douala Port in Cameroon.

The company maintained its 2026 guidance for growth, profitability, capital expenditure and leverage, while noting ongoing geopolitical uncertainty in the region.