DFM ---ADX ---
2hUAE-Ukraine Trade Deal to Drive Multi-Billion Dirham Economic GrowthBusiness
2hInnovation City Launches Pioneering Internship Program to Bridge UAE’s Talent GapBusiness
3hUAE Fuel Prices Drop for July 2026: What Motorists Need to KnowBusiness
3hAdani Group Strikes $1.4 Billion Deal with MSC for Vizhinjam PortBusiness
3hUAE Petrol Prices See Significant Drop for JulyBusiness
3hUAE Expats Face Major Financial Risks Due to Life Insurance GapsBusiness
3hMoIAT Partners with NYU Abu Dhabi to Boost Industrial InnovationBusiness
3hOman Air to Resume Khasab Airport Operations Following Safety ReviewBusiness
3hWhatsApp Brings Liquid Glass Design to iPadBusiness
3hSupreme Court Blocks Trump’s Attempt to Oust Federal Reserve GovernorBusiness
3hThe Evolution of the AI Workforce: Preparing for the Agentic EraBusiness
3hAdnoc L&S Boosts 2026 Forecast Amid Strong Shipping and Offshore PerformanceBusiness
3hDubai’s Hospitality Sector Poised for Rebound in Coming MonthsBusiness
13hGCC Asset Management Hits $2.7 Trillion Milestone Amid Digital TransformationBusiness
18hSharjah Police Unveil Major 50% Fee Cuts and Fine ReductionsBusiness
1dGTA 6 Pricing Discrepancy: Why Indian Gamers Are Paying LessBusiness
1dUAE gold prices decline as market faces persistent pressureBusiness
1dApple’s Recent Price Hikes Signal Major Costs Ahead for iPhone 18 ProBusiness
1dXbox Console Prices Set to Increase Globally: What UAE Gamers Need to KnowBusiness
1dAI Resistance Emerges as Top Workforce Challenge for UAE BusinessesBusiness
1dAD Ports Group and Emirates Global Aluminum (EGA) Expand Khalifa Port CapabilitiesBusiness
1dLeveraging Global Standards to Revolutionize Hospital OperationsBusiness
3dUtah Governor Warns That Tariffs Harm Consumers and Deter InvestmentBusiness
3dUtah Looks to Gulf Sovereign Wealth for Strategic Economic GrowthBusiness
4dAbu Dhabi Chamber Launches "Procurement Connect" to Empower SMEsBusiness

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

Tue, Jun 30, 2026(3h 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.