DFM ---ADX ---
5dAviation Sector Faces 2026 Headwinds After Record-Breaking 2025Business
5dDubai Rental Market Shifts as Tenants Prioritize Savings Over RenewalsBusiness
5dSamsung’s Approach to Perfecting the Galaxy Z Flip 8Business
5dUAE Launches Second Retail Sukuk Offering with 5.06% ReturnBusiness
5dUAE Carriers Confirm Normal Operations Following Major US Air Traffic DisruptionBusiness
5dGlobal Investors Turn to MENA Markets Amid Economic UncertaintyBusiness
5dIndia’s UPI Fee Shift: A New Chapter for Digital PaymentsBusiness
5dIndia's Corporate Succession Crisis: Why Governance Is FailingBusiness
5dTravel Disruptions Hit UAE Flights Amid Regional TensionsBusiness
5dUAE Remains a Top Global Investment Destination Despite Regional TensionsBusiness
5dGold Price Outlook: Market Experts Predict Continued ConsolidationBusiness
5dNew US Aviation Sanctions Disrupt Iran’s International Flight NetworkBusiness
5dPhonePe Gears Up for UAE Expansion With Preliminary Regulatory Green LightBusiness
5dDubai’s Appeal as a Budget-Friendly Property HubBusiness
5dTravel Disruptions Impacting UAE Airports on September 23Business
6dMiddle East Transforms into a Global Hub for Private InvestmentBusiness
6dADQ Secures Majority Stake in AD Ports Group Following Successful OfferBusiness
6dUAE Private Credit Market Set for Major Growth as Funding Gap Hits $250 BillionBusiness
6dDubai’s Luxury Rental Market Sees Surge in High-Value ContractsBusiness
6dUK and Gulf Leaders to Convene in London for Strategic DialogueBusiness
6dNew Air Arabia-Led Saudi Carrier Launches Domestic Flights From DammamBusiness
6dOman and Angola Forge Strategic Energy PartnershipBusiness
6dFreight Costs Surge in UAE and GCC Amidst Hormuz DisruptionsBusiness
6dUAE Set for Strong Economic ReboundBusiness
7dSharjah-Oman Trade Corridor Sees Massive 66% Growth in Early MonthsBusiness

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

Tue, Jun 30, 2026(90d 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.

Comments0
No comments yet. Be the first to share your thoughts.