AD Ports logs 16% higher net profits in Q1-25; revenues hit AED 4.5bn - Mubasher Info
AD Ports Group
ADPORTS -1.25% 3.95 -0.05
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) generated total net profits amounting to AED 463.50 million in the first quarter (Q1) of 2025, up 16% from AED 400.13 million in Q1-24.
Revenue hit AED 4.59 billion as of 31 March 2025, higher by 18% year-on-year (YoY) than AED 3.88 billion, according to the financial results.
Basic and diluted earnings per share (EPS) went up to AED 0.07 in Q1-25 from AED 0.06 a year earlier.
Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports, said: “The Q1 solid growth was driven by our Ports, Economic Cities & Free Zones, and Maritime & Shipping clusters, which continue to benefit from our agile response to ongoing geopolitical crises and our ongoing investments in core infrastructure amidst our international expansion.”
Last year, AD Ports logged higher net profits after tax at AED 1.77 billion, compared to AED 1.36 billion in 2023.
Source: Mubasher Source: {{details.article.source}}