ADNOC Logistics & Services reports Q3 2026 net profit of US$887 mn

Detailed summary

In Q3 2026, ADNOC L&S delivered revenue of US$3,291 million (AED 12,085 million), up 149% year-on-year (YoY). EBITDA increased 187% YoY to US$1,088 million (AED 3,996 million),…

ADNOC Logistics and Services plc (ADNOC L&S) today reported its third quarter (Q3) and nine months (9M) 2026 results, reflecting earnings resilience and operational strength. The company maintained the reliable delivery of energy to markets worldwide, from the UAE and across its international maritime operations, supported by a commercial presence in 19 cities.

In Q3 2026, ADNOC L&S delivered revenue of US$3,291 million (AED 12,085 million), up 149% year-on-year (YoY). EBITDA increased 187% YoY to US$1,088 million (AED 3,996 million), and net profit rose 321% YoY to US$887 million (AED 3,258 million).

For the nine months ended 30 September 2026, revenue increased 82% year-on-year (YoY) to US$6,957 million (AED 25,551 million). EBITDA rose 128% YoY to US$2,563 million (AED 9,413 million), supported by strong demand across shipping markets and the company’s agile commercial response. Net profit increased 227% YoY to US$2,060 million (AED 7,566 million).

As of 12 November 2026, ADNOC L&S has committed US$7.0 billion in capital expenditure up to 2030, positioning the company to capture future growth opportunities.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “Resilience has defined our performance this year, reflecting the strength of our people and our businesses. Our seafarers and employees continue to deliver energy from the UAE to the world, while our global platform and long-term contracts are generating significant value and returns for our shareholders.”

ADNOC L&S has raised its full-year 2026 earnings guidance for the fourth time, reflecting favourable international shipping market fundamentals and strong earnings contributions from maritime logistics services provided across ADNOC Group. Its diversified business model and global reach supported earnings resilience, profitability and strong operating free cash flow in the first nine months, reinforcing its role as a critical enabler of ADNOC’s global operations.

Shipping: Revenue increased 217% YoY to…

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