Latest news with #Accelerate28
Al Etihad
4 days ago
- Business
- Al Etihad
Aramex maintains stable revenue in H1 2025 amid plans for transformation
7 Aug 2025 21:14 REDDY (ALETIHAD) Aramex reported stable revenues of Dh3.06 billion for the first half of 2025, marking a slight 1% year-on-year increase, as the company continues to navigate a strategic shift in product mix and evolving logistics flows. For the second quarter, revenue held steady at Dh1.50 billion compared to the same period last pressures on profitability, the company highlighted consistent execution and an adaptive approach to regional demand. Nicolas Sibuet, Acting Group CEO, said, 'Our H1 2025 results reflect consistent execution and a clear alignment with shifting customer needs. While we face margin pressures and a changing product mix, we have taken decisive actions through our Accelerate28 strategy to realign our operations, enhancing our ability to better serve our customers across key markets, and lay the groundwork for sustainable, long-term value creation.'Gross profit for H1 stood at Dh694 million, down 6% year-on-year, with the margin softening to 22.7% from 24.4%. In Q2, gross profit came in at Dh329 million, with a margin of 22%, compared to Dh345 million and a 23.1% margin in the same period of 2024. The company attributed this to higher direct costs and a greater contribution from domestic and logistics segments with thinner margins than international for the half-year was Dh252 million, a 20% decline from last year, while Q2 EBITDA stood at Dh105 million, down from Dh135 million. EBIT totalled Dh77 million in H1 and Dh16 million in Q2, reflecting year-on-year drops of 45% and 66%, respectively. Excluding one-off items related to restructuring and acquisition costs, normalised EBIT for H1 was Dh95 reported a net profit of Dh7.9 million for H1 2025, sharply lower than the Dh49.5 million posted in H1 2024. Q2 posted a net loss of Dh9.3 million, versus a profit of Dh2.9 million last year. However, normalised net profit reached Dh33 million in H1, and Dh5.4 million in Q2, highlighting the underlying operational strength despite transitional company's Accelerate28 programme, introduced in Q1, is underway with more than 300 initiatives aimed at long-term margin improvement. ADQ, the Abu Dhabi-based sovereign investor focused on critical infrastructure and global supply chains, has acquired a 63.16% stake in Aramex, which is listed on the Dubai Financial Market (DFM). Following the market close on Thursday, Aramex had a market capitalisation of Dh4 the time of launching its takeover bid, ADQ acknowledged that Aramex's transformation would be complex and capital-intensive, likely requiring time to materialise and potentially limiting returns for shareholders in the short to medium term. Commenting on the acquisition, Mansour AlMulla, Deputy Group Chief Executive Officer at ADQ, had said, 'As the majority shareholder in Aramex, we plan to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders.'
Zawya
08-05-2025
- Business
- Zawya
Aramex sees higher revenues in Q1-25; profits exceed $4.63mln
Dubai – Aramex generated net profits attributable to the shareholders valued at AED 17.12 million in the first quarter (Q1) of 2025. The recorded earnings were lower by 63% than AED 46.56 million in Q1-24, according to the financial results. Revenues grew by 1% year-on-year (YoY) to AED 1.56 billion in Q1-25 from AED 1.54 billion. Basic and diluted earnings per share (EPS) attributable to the owners amounted to AED 0.012 as of 31 March 2025, versus AED 0.032 in the year-ago period. Nicolas Sibuet, Acting Group CEO of Aramex, said: 'This quarter reflects both continuity and change — stable revenues, healthy volumes, and a clear shift in customer behavior.' 'As supply chains become more regional and service expectations evolve, Aramex is well placed to deliver agile, integrated solutions that meet the moment,' Sibuet added. He noted: 'To accelerate our journey, we have launched a company-wide transformation initiative under our strategy Accelerate28 to help us adapt with purpose, focusing on efficiency and performance.' In 2024, the profits attributable to the owners of Aramex jumped by 10% YoY to AED 141.81 million. Source: Mubasher
