Latest news with #EconomicCities
Trade Arabia
10-05-2025
- Business
- Trade Arabia
AD Ports Group reports double-digit growth in Q1
AD Ports Group has announced has reported an impressive double-digit growth in the first quarter of 2025, from top-line to bottom-line, driven by the Ports, Economic Cities and Free Zones (EC&FZ), and Maritime and Shipping clusters. In Q1, AD Ports Group recorded revenue of AED4.60 billion ($1.23 billion), marking an 18 percent year-on-year increase, driven by strong performance in Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters. Group EBITDA amounted to AED1.14 billion in Q1 2025, translating into a 9 percent YoY growth, driven by a 17 percent YoY increase in Ports, 10 percent YoY in Maritime and Shipping, and 7 percent YoY in Economic Cities and Free Zones (Group EBITDA Margin stood at 24.7 percent in Q1 2025). Total net profit soared 16 percent YoY to AED464 million, mainly driven by the operating performance. Earnings Per Share (EPS) for the quarter stood at AED0.07, implying a 14% YoY increase. Capital expenditures (CapEx) for the first quarter of the year reached AED954 million, with majority of cash outlays going into Economic Cities and Free Zones, Ports (including AED182 million going into new and renewal of ports concessions), and Maritime and Shipping assets. Capex intensity continued to decline, reaching 21 percent of Group revenue in Q1 2025, vs. 33 percent in Q1 2024. Operating Cash Flow, which amounted to AED725 million in Q1 2025 compared with AED781 million in the same period in 2024, was primarily impacted by the timing of collections, and thus unfavourable working capital changes. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, said: 'The positive momentum from our record 2024 financial results continued into the first quarter of 2025, as our resilient and value-adding business ecosystem of interrelated trade, transport, and logistics businesses weathered prevailing macroeconomic and geopolitical uncertainties to drive strong, double-digit growth in revenue and net profit. "The Q1 solid growth was driven by our Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters, which continue to benefit from our agile response to ongoing geopolitical crises and our ongoing investments in core infrastructure amidst our international expansion.' He added: 'In line with the vision of our wise leadership in the UAE, we will continue to follow this prudent, profit-enhancing 'intelligent internationalisation' strategy this year as we carefully navigate the turbulence around us to maintain course and position of AD Ports Group, and Abu Dhabi, as world leaders in sustainable trade, transport, logistics, and economic development, drawing on the latest AI and technology innovations.'
Gulf Today
09-05-2025
- Business
- Gulf Today
AD Ports Group announces first quarter revenue of Dhs4.6 billion
AD Ports Group on Friday announced its financial results for the first quarter ending March 31st, 2025. Building on the momentum of 2024's record financial performance, the Group started 2025 with impressive double-digit growth from top-line to bottom-line, driven by the Ports, Economic Cities and Free Zones (EC&FZ), and Maritime and Shipping clusters. In the first quarter of 2025, AD Ports Group recorded revenue of Dhs4.60 billion, marking an 18 per cent year-on-year increase, driven by strong performance in Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters. Group Ebitda amounted to Dhs1.14 billion in Q1, 2025, translating into a 9 per cent YoY growth, driven by a 17 per cent YoY increase in Ports, 10 per cent YoY in Maritime and Shipping, and 7 per cent YoY in Economic Cities and Free Zones (Group Ebitda Margin stood at 24.7 per cent in Q1 2025). Moreover, total net profit soared 16 per cent YoY to Dhs464 million, mainly driven by the operating performance. Earnings Per Share (EPS) for the quarter stood at Dhs0.07, implying a 14 per cent YoY increase. Capital expenditures (CapEx) for the first quarter of the year reached Dhs954 million, with majority of cash outlays going into Economic Cities and Free Zones, Ports (including Dhs182 million going into new and renewal of ports concessions), and Maritime and Shipping assets. Capex intensity continued to decline, reaching 21 per cent of Group revenue in Q1 2025, vs. 33 per cent in Q1 2024. Operating Cash Flow, which amounted to Dhs725 million in Q1 2025 compared with Dhs781 million in the same period in 2024, was primarily impacted by the timing of collections, and thus unfavourable working capital changes. As a result, Free Cash Flow to the Firm (FCFF) was slightly negative for the quarter at Dhs -173 million. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, said, 'The positive momentum from our record 2024 financial results continued into the first quarter of 2025, as our resilient and value-adding business ecosystem of interrelated trade, transport, and logistics businesses weathered prevailing macroeconomic and geopolitical uncertainties to drive strong, double-digit growth in revenue and net profit. The Q1 solid growth was driven by our Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters, which continue to benefit from our agile response to ongoing geopolitical crises and our ongoing investments in core infrastructure amidst our international expansion.' He added, 'In line with the vision of our wise leadership in the UAE, we will continue to follow this prudent, profit-enhancing 'intelligent internationalisation' strategy this year as we carefully navigate the turbulence around us to maintain course and position of AD Ports Group, and Abu Dhabi, as world leaders in sustainable trade, transport, logistics, and economic development, drawing on the latest AI and technology innovations.' Earlier AD Ports Group announced its preliminary unaudited financial results for the fourth quarter and full year ending Dec.31st, 2024. The year was characterised by solid organic growth operationally and financially, fuelled by inorganic growth primarily coming from Noatum and GFS, a strengthened balance sheet with lower leverage and a stronger liquidity position, and significantly improved cash flow generation with the Group reaching positive Free Cash Flow to the Firm (FCFF) two quarters in a row in Q3 and Q4 2024. Revenue increased 48 per cent YoY to Dhs17.29 billion fuelled by M&A contribution with healthy double-digit organic growth across the Group's five business clusters ecosystem. Ebitda recorded an impressive 69 per cent YoY growth to Dhs4.51 billion, implying an Ebitda margin of 26.1 per cent (vs. 22.8 per cent in 2023, +320 bps YoY). Strong operating performance was driven by the Maritime & Shipping, Ports, and Logistics Clusters. Profit Before Tax and Minorities grew 45 per cent YoY to Dhs2.04 billion in 2024, whereas Group Total Net Profit increased 31 per cent YoY to Dhs1.78 billion, implying a Net Profit margin of 10.3 per cent. AD Ports Group's bottom-line performance was strong despite the introduction of corporate income tax of 9 per cent in the UAE in 2024. Net Profit Attributable to Owners grew 24 per cent YoY to Dhs1.33 billion led by strong operating performance. Total Assets grew by 15 per cent YoY to Dhs63.70 billion in 2024 while Total Equity increased 15 per cent YoY to Dhs27.83 billion. Significant growth in operating profits together with plateauing debt levels led to a 110bps reduction in Net Debt/Ebitda ratio to 3.3x as of December 2024, down from 4.4x in 2023. AD Ports Group strengthened its liquidity position with a cash & equivalents balance of Dhs2.83 billion at end of 2024 driven by earnings growth and an additional liquidity booster through the refinancing and upsizing of its bank facilities.
Al Etihad
09-05-2025
- Business
- Al Etihad
AD Ports Group announces Dh4.6 billion revenue in Q1
9 May 2025 11:29 ABU DHABI (WAM) AD Ports Group today announced its financial results for the first quarter ending 31st March 2025. Building on the momentum of 2024's record financial performance, the Group started 2025 with impressive double-digit growth from top-line to bottom-line, driven by the Ports, Economic Cities and Free Zones (EC&FZ), and Maritime and Shipping the first quarter of 2025, AD Ports Group recorded revenue of Dh4.60 billion, marking an 18 percent year-on-year increase, driven by strong performance in Ports, Economic Cities and Free Zones, and Maritime and Shipping EBITDA amounted to Dh1.14 billion in Q1 2025, translating into a 9 percent YoY growth, driven by a 17 percent YoY increase in Ports, 10 percent YoY in Maritime and Shipping, and 7 percent YoY in Economic Cities and Free Zones (Group EBITDA Margin stood at 24.7 percent in Q1 2025).Moreover, total net profit soared 16 percent YoY to Dh464 million, mainly driven by the operating performance. Earnings Per Share (EPS) for the quarter stood at Dh0.07, implying a 14% YoY expenditures (CapEx) for the first quarter of the year reached Dh954 million, with majority of cash outlays going into Economic Cities and Free Zones, Ports (including Dh182 million going into new and renewal of ports concessions), and Maritime and Shipping assets. Capex intensity continued to decline, reaching 21 percent of Group revenue in Q1 2025, vs. 33 percent in Q1 Cash Flow, which amounted to Dh725 million in Q1 2025 compared with Dh781 million in the same period in 2024, was primarily impacted by the timing of collections, and thus unfavourable working capital changes. As a result, Free Cash Flow to the Firm (FCFF) was slightly negative for the quarter at Dh -173 Mohamed Juma Al Shamisi, Managing Director and Group CEO, said, 'The positive momentum from our record 2024 financial results continued into the first quarter of 2025, as our resilient and value-adding business ecosystem of interrelated trade, transport, and logistics businesses weathered prevailing macroeconomic and geopolitical uncertainties to drive strong, double-digit growth in revenue and net Q1 solid growth was driven by our Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters, which continue to benefit from our agile response to ongoing geopolitical crises and our ongoing investments in core infrastructure amidst our international expansion.' He added, 'In line with the vision of our wise leadership in the UAE, we will continue to follow this prudent, profit-enhancing 'intelligent internationalisation' strategy this year as we carefully navigate the turbulence around us to maintain course and position of AD Ports Group, and Abu Dhabi, as world leaders in sustainable trade, transport, logistics, and economic development, drawing on the latest AI and technology innovations.'
Arabian Business
09-05-2025
- Business
- Arabian Business
AD Ports Group's Q1 revenue grows 18% and total net profit 16%
Driven by the continuing success of its Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters, AD Ports Group reported impressive double-digit growth from top-line to bottom-line in its financial results for the first quarter (Q1) of 2025. AD Ports Group reported an 18 per cent year-on-year (YoY) increase in revenue, reaching AED4.6 billion (US$1.25 billion), while total net profit grew 16 per cent to AED464 million (US$126.4 million). Strong Q1 growth reported EBITDA was up 9 per cent YoY to AED1.14 billion (US$310.6 million). This included a 17 per cent increase in Ports, a 10 per cent increase in Maritime & Shipping, and a 7 per cent increase in Economic Cities & Free Zones. Group EBITDA margin stood at 24.7 per cent for the reported quarter. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, commented: 'The positive momentum from our record 2024 financial results continued into the first quarter of 2025, as our resilient and value-adding business ecosystem of interrelated trade, transport, and logistics businesses weathered prevailing macroeconomic and geopolitical uncertainties to drive strong, double-digit growth in revenue and net profit. 'The Q1 solid growth was driven by our Ports, Economic Cities & Free Zones, and Maritime & Shipping clusters, which continue to benefit from our agile response to ongoing geopolitical crises and our ongoing investments in core infrastructure amidst our international expansion. 'In line with the vision of our wise leadership in the UAE, we will continue to follow this prudent, profit-enhancing 'intelligent internationalisation' strategy this year as we carefully navigate the turbulence around us to maintain course and position of AD Ports Group, and Abu Dhabi, as world leaders in sustainable trade, transport, logistics, and economic development, drawing on the latest AI and technology innovations.' There was a marginal increase in total debt, but AD Ports maintained a strong liquidity position, with net debt/EBITDA at a stable 3.4x, compared to 3.3x at the end of 2024. Operating cash flow was slightly down, impacted by the timing of collections, which led to unfavourable working capital changes. It was at AED725 million (US$197.5 million) in Q1 2025, compared with AED781 million (US$212.8) in the same period in 2024. While visibility on the global macroeconomic front continues to be challenging (Red Sea/US tariffs), AD Ports Group said it was 'well positioned geographically and through its holistic five-cluster integrated business ecosystem, and its asset base and service offering, to deal with the ongoing unpredictable environment. 'The Red Sea disruptions continue to impact positively the Group's container shipping business while the evolving US tariff policies have had (and are expected to have) an immaterial effect based on the announcements that have been made so far,' the company said in its filing with Abu Dhabi Securities Exchange (ADX).
