Agility Global reported revenue of $1.51 billion in the second quarter of 2026, up 26% from $1.20 billion in the same period last year.
The Abu Dhabi-listed company also recorded a 25% increase in EBIT, which reached $121 million. EBITDA rose 12% year on year to $202 million.
For the first half of 2026, Agility generated revenue of $2.92 billion. This represents an increase of 25% from $2.34 billion a year earlier.
First-half EBITDA increased 10% to $388 million, while EBIT climbed 19% to $225 million.
“Agility delivered a strong first half of 2026, continuing to build on the momentum generated last year despite an increasingly uncertain global operating environment,” said Tarek Sultan, Chairman, Agility.
He noted that geopolitical developments caused disruption in some markets. However, the overall impact on the group remained contained.
Menzies Aviation revenue jumps 31%
Menzies Aviation delivered strong growth during the second quarter.
Revenue increased 31% year on year to $908 million. The company attributed the increase to its G2 business, new contract wins and improved yields.
Operational activity also increased despite disruption in parts of the Middle East.
Menzies serviced more than 1.2 million aircraft turns during the period, an increase of around 8% year on year. Meanwhile, cargo volumes rose approximately 7% to 620,000 tonnes.
EBIT increased 5% compared with the same quarter last year.
During the quarter, Menzies completed the acquisition of the remaining 49.9% stake in its Portugal business. It also started ground-handling operations in Bengaluru, India.
After the end of the quarter, Menzies launched cargo operations at Western Sydney International Airport. The company handled the airport’s first cargo flights on 27 July 2026.
Tristar records higher revenue and EBIT
Agility’s fuel logistics business, Tristar, also reported growth during the second quarter.
Revenue increased 22% year on year, supported by the performance of its fuel operations. EBIT rose 15%.
Agility said Tristar benefited from continued optimisation of its maritime fleet. Reduced reliance on chartered vessels also supported profitability.
The company continued operating amid geopolitical developments and supply chain disruption across the Middle East.
Tristar also completed an $800 million syndicated financing during the period. The transaction includes a term loan facility and a revolving credit facility.
The financing will refinance existing debt while providing additional liquidity and financial flexibility.
Agility Logistics Parks expands in Saudi Arabia
Agility Logistics Parks (ALP) recorded double-digit growth during the second quarter.
Revenue increased 47% year on year, while EBIT jumped 69%.
Growth was mainly driven by Saudi Arabia, where newly completed logistics facilities started generating income. Higher occupancy also supported performance across ALP’s African portfolio.
ALP expanded its Saudi Arabian footprint with the acquisition of another land parcel.
Following the transaction, its owned and leased land bank reached approximately 4.5 million square metres.
Including land held through joint ventures with ROSHN, Ardco and Hassan Allam, ALP’s total land bank stands at approximately 6.1 million square metres.
Development of the ROSHN joint venture is expected to begin towards the end of the fourth quarter of 2026. The project remains subject to the completion of legal requirements.
Agility said demand for logistics and warehousing facilities in Saudi Arabia remained healthy despite geopolitical developments in the wider region.
Agility investment portfolio valued at $5.7 billion
Agility’s investment portfolio had a carrying value of approximately $5.7 billion at the end of June.
Its investment in DSV remains the largest asset in the portfolio.
Agility holds 19.3 million DSV shares, representing an 8.2% ownership stake. The investment had a gross carrying value of $4.6 billion as of 30 June 2026.
Reem Mall represents Agility’s second core investment asset. The company reported double-digit year-on-year growth in both footfall and tenant sales during the second quarter. Occupancy is now approaching 90%.
Net debt increases to $4.8 billion
Agility reported total assets of $13.43 billion at the end of June, up 6% year on year.
Shareholders’ equity stood at $5.65 billion, down 3% from $5.82 billion a year earlier.
Meanwhile, net debt including lease liabilities increased 24% to $4.83 billion, compared with $3.91 billion in the previous year.
Agility attributed the increase mainly to funding for its new land acquisition in Saudi Arabia.
The company said it will continue to focus its investments on growth opportunities across its operating businesses while maintaining balance-sheet flexibility.
