Latest news with #DPWorldGroup
Gulf Today
2 days ago
- Business
- Gulf Today
DP World reports strong H1 2025 results: revenue up 20.4%, container volumes rise 6.7%
DP World on Thursday announced strong financial and operational results for the first half of 2025, underlining the resilience of its integrated global trade platform amid ongoing geopolitical and economic uncertainty. Revenue grew by 20.4% year-on-year to $11,244 million, driven by strong performance across Ports & Terminals and recent acquisitions. Adjusted EBITDA rose 21.4% to $3,033 million, while container volumes increased 5.6% on a like-for-like basis, reaching 45.4 million TEU (twenty-foot equivalent units) across the global portfolio. Commenting on the results, DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said, 'We are pleased to report strong first-half results, with both revenue and EBITDA growing by over 20%. Ongoing geopolitical tensions, the continued closure of the Red Sea route, and rising uncertainty around global trade tariffs have caused significant disruption across the industry. Despite these challenges, our strategy of delivering integrated end-to-end solutions and operating critical infrastructure in key markets has allowed us to continue supporting cargo owners to move their freight and to deliver a strong set of results.' DP World continues to invest in strategic growth markets, with $1.08 billion in capital expenditure during the first half of the year. The full-year capex target of $2.5 billion will support expansion in Jebel Ali Port, Drydocks World, Tuna Tekra (India), London Gateway (UK), and Dakar (Senegal), along with DP World Logistics and P&O Maritime Logistics. These investments are focused on enhancing terminal capacity, supply chain integration, and digital capabilities to support long-term trade resilience. Across terminals where DP World has operational control, the company handled 27.4 million TEU, an increase of 7.5% year-on-year. Through Unifeeder, DP World offers efficient and sustainable multimodal transport solutions that ensure connectivity for global shipping lines and cargo owners. This has been particularly important amid recent disruptions to global supply chains, where our extensive network has played a crucial role in helping customers maintain cargo flows and delivery reliability. DP World's freight forwarding platform now spans approximately 300 locations and covers more than 90% of global trade lanes. WAM
Hi Dubai
2 days ago
- Business
- Hi Dubai
DP World Reports 20.4% Revenue Growth in H1 2025, Container Volumes Up 6.7%
DP World posted strong financial and operational results for the first half of 2025, with revenue climbing 20.4% year-on-year to $11.24 billion, supported by robust performances in its Ports & Terminals segment and recent acquisitions. Adjusted EBITDA rose 21.4% to $3.03 billion, while container volumes reached 45.4 million TEU across its global portfolio, up 5.6% on a like-for-like basis. Across terminals where DP World has operational control, volumes increased 7.5% to 27.4 million TEU. The company's integrated global trade platform and critical infrastructure footprint helped mitigate the impact of ongoing geopolitical tensions, Red Sea route closures, and uncertainty around global trade tariffs. We are pleased to report strong first-half results, with both revenue and EBITDA growing by over 20%, said DP World Group Chairman and CEO Sultan Ahmed bin Sulayem. Despite significant disruption across the industry, our strategy of delivering integrated end-to-end solutions and operating in key markets has allowed us to continue supporting cargo owners and delivering results. Capital expenditure during the first half of 2025 totaled $1.08 billion, with a full-year target of $2.5 billion. Investments are focused on expansion projects at Jebel Ali Port, Drydocks World, Tuna Tekra in India, London Gateway in the UK, and Dakar in Senegal, alongside growth in DP World Logistics and P&O Maritime Logistics. These initiatives aim to boost terminal capacity, supply chain integration, and digital capabilities for long-term resilience. DP World's Unifeeder network continues to strengthen its position in multimodal transport solutions, providing reliable connectivity for global shipping lines and cargo owners amid supply chain disruptions. The company's freight forwarding platform now operates across approximately 300 locations, covering over 90% of global trade lanes. News Source: Emirates News Agency
Trade Arabia
13-04-2025
- Business
- Trade Arabia
DP World launches new free trade warehousing zone in Mumbai
DP World, a global leader in logistics and supply chain solutions, has announced the opening of its free trade warehousing zone - Nhava Sheva Business Park (NSBP) - in India's commercial capital Mumbai. The Nhava Sheva Business Park offers 1 million sq ft of warehousing space with another one million in the planning stage. With this, DP World has developed three world-leading free trade warehousing zones in India at an investment of over $200 million. The other two are in the south of the country - Integrated Chennai Business Park in Tamil Nadu and the Cochin Economic Zone at Kochi, Kerala. Strategically located close to India's coasts, they offer advanced infrastructure, flexible warehousing, ease of regulations, and seamless value-added services, making operations simpler. The NSBP offers 1 million sq ft of warehousing space, with another one million in the planning stage. It offers specialised and temperature-controlled spaces, catering to diverse industry needs. As part of DP World's global network of 12 free trade warehousing zones, the NSBP enhances India-UAE trade by cutting costs, improving efficiency, and boosting supply chain competitiveness. These three Indian free trade warehousing zones are well integrated with DP World's Jebel Ali Free Zone (Jafza) facilitating seamless cargo movement and strengthening global trade connectivity for India and the UAE. The new zone was inaugurated by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE during his official visit to the country. He later toured the facility accompanied by DP World Group Chairman and CEO Sultan Ahmed bin Sulayem where he was briefed on the various operations, value added services, and customised services deployed to enhance the efficiency of the free trade warehousing zone. Speaking on the occasion, Sheikh Hamdan said: "The UAE and India share a long-standing and deep-rooted economic partnership. The establishment of world-class logistics infrastructure, such as the NSBP not only strengthens the trade connectivity between our nations but also reinforces our shared vision for growth, innovation, and sustainability." Bin Sulayem said DP World was committed to building infrastructure that powers global trade. "Our investment in NSBP further strengthens our infrastructure network in India and will enable us to meet the evolving needs of our large and growing customer base in the country and in the region," he stated. "The Comprehensive Economic Partnership Agreement (Cepa) between the UAE and India is already accelerating bilateral trade, and the Free Trade Warehousing Zones network will ensure greater efficiency, sustainability, and scale," he added. During the facility's inauguration, 35 women recruited from local communities worked the shift -reflecting DP World's efforts to generate employment in the regions where it operates. This initiative aligns with the company's broader diversity, equity, and inclusion (DEI) objectives in India, aimed at increasing female representation and fostering a more inclusive work environment within the logistics sector. It also supports DP World's strategic vision for the SCO region, promoting women-staffed warehouses across its operations.
Hi Dubai
11-04-2025
- Business
- Hi Dubai
DP World Breaks Ground on Bharat Mart in Dubai to Boost India's Global Trade Reach
Dubai has officially commenced construction of Bharat Mart, a landmark global marketplace by DP World aimed at transforming trade between India and the world. Unveiled in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, India's Commerce Minister Piyush Goyal, and DP World Group Chairman Sultan Ahmed bin Sulayem, the project marks a major milestone in UAE-India trade relations. Set to open by the end of 2026 in the Jebel Ali Free Zone (JAFZA), Bharat Mart will serve as a central hub for Indian micro, small, and medium enterprises (MSMEs), spanning 2.7 million square feet—with its first phase covering 1.3 million square feet. The facility will house 1,500 showrooms, over 700,000 square feet of warehousing and light industrial units, along with office and meeting spaces, including dedicated zones for women-led businesses. 'Dubai's infrastructure and connectivity make it a vital trade partner as India expands globally,' said H.H. Sheikh Hamdan. 'Bharat Mart will accelerate access for Indian goods to international markets.' Piyush Goyal hailed the project as 'transformative,' and praised DP World's Virtual Trade Corridor initiative under the India-UAE CEPA framework, which aims to scale bilateral trade to new heights. With direct access to Jebel Ali Port, Al Maktoum International Airport, and Etihad Rail, Bharat Mart will offer seamless multimodal logistics to Indian exporters. The hub connects to 150 maritime destinations and over 300 cities via air, significantly boosting market reach. Sultan Ahmed bin Sulayem emphasized the goal of achieving $100 billion in non-oil trade by 2030, highlighting Bharat Mart's role in unlocking new markets and driving sustainable growth. Currently, JAFZA hosts over 2,300 Indian companies—up 15% year-on-year—cementing Dubai's status as a gateway for global commerce. News Source: Emirates News Agency
Khaleej Times
13-03-2025
- Business
- Khaleej Times
DP World reports record revenue of $20 billion for 2024
DP World on Thursday announced a record revenue of $20 billion for 2024, marking a 9.7 per cent increase from the previous year. The company's adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) also reached a record high of $5.5 billion, reflecting a 6.7 per cent growth and an adjusted Ebitda margin of 27.2 per cent. The 9.7 per cent revenue increase was driven primarily by improved performance in ports and terminals, alongside contributions from recent acquisitions and concessions, DP World said in a statement. Revenue per twenty-foot equivalent unit (TEU) rose by 13.9 per cent on a like-for-like basis, with significant growth reported in the Middle East and the Americas. DP World reported a profit of $1.5 billion for the year, a 2.0 per cent decline attributed to higher finance costs. Sultan Ahmed bin Sulayem, DP World Group chairman and CEO, said the record revenue and Ebitda for 2024 is a significant achievement in a complex geopolitical landscape. 'Our strategic focus on high-margin cargo and integrated supply chain solutions positions us for sustained growth and value creation,' he added. Sulayem emphasised the importance of enhancing efficiency and deepening partnerships to build a resilient business capable of seizing new opportunities as global trade evolves. He noted that the demand for integrated logistics solutions underscores the value DP World provides to its customers, helping them navigate complexities in supply chains. A DP World statement noted that the company's total capacity exceeded 100 million TEUs, supported by ongoing investments in key growth markets. In 2024, DP World allocated $2.2 billion in capital expenditure, an increase from $2.1 billion in 2023. The 2025 capital expenditure budget is projected at approximately $2.5 billion, focusing on facilities in the UAE, India, the UK, Senegal, and Saudi Arabia. DP World is enhancing its logistics portfolio to provide value-added services in fast-growing markets. The firm aims to leverage its infrastructure to deliver comprehensive supply chain solutions, capitalising on the rising demand for customised logistics services. Operating cash flow increased by 18.9 per cent to $5.5 billion. The company's net leverage ratio saw a decrease to 3.4x on a pre-IFRS16 basis, compared to 3.7x in FY2023, indicating improved financial health. DP World issued a $100 million blue bond, marking a significant step in its commitment to sustainability. The company also became the first logistics firm in the region to have its carbon reduction targets validated by the Science Based Targets initiative, surpassing its 10.5 per cent carbon emissions reduction goal and sourcing nearly 65 per cent of its electricity from renewable energy. Despite a strong performance in 2024, DP World faces uncertainties due to geopolitical risks and fluctuations in global trade. However, the company remains optimistic about its long-term growth prospects, supported by its integrated supply chain solutions and strategic investments.
