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Adnoc L&S Boosts 2026 Forecast Amid Strong Shipping and Offshore Performance

Tue, Jun 30, 2026(45d ago)Business

ADNOC Logistics & Services (ADNOC L&S) has officially raised its financial expectations for 2026, citing a stellar performance during the first half of the year. The company, which is listed in Abu Dhabi, now anticipates low single-digit revenue growth, a notable shift from its earlier projections that suggested a potential decline. Profitability targets have seen an even more significant jump; the firm is now projecting EBITDA growth in the high-20 percent range, while net profit expectations have surged to the high-60 percent bracket. This optimistic revision is largely fueled by resilient demand in the shipping sector and a steady uptick in activity within the company’s offshore logistics operations.

The improved outlook is backed by strong momentum in the firm's Integrated Logistics Services Platform (ILSP) and favorable market conditions that have bolstered shipping earnings. Following a successful first quarter—where net profit climbed by 20 percent to $222 million—management remains confident that their diverse fleet and strategic role in ADNOC’s expansion plans will sustain this growth trajectory. Despite these upward revisions, the company confirmed that its existing dividend policy, capital expenditure plans, and leverage targets remain consistent with its long-term financial strategy. Investors are now turning their attention to the upcoming second-quarter and half-year earnings report on August 11 for further validation of this sustained operational strength.

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