Latest news with #L&S
Al Etihad
4 days ago
- Business
- Al Etihad
ADNOC L&S Q2 revenue up 40% YoY to $1,258 million
12 Aug 2025 11:01 ABU DHABI (WAM) ADNOC Logistics and Services plc (ADNOC L&S) on Tuesday reported record-breaking second-quarter (Q2) and first-half (H1) results for 2025, surpassing market expectations and demonstrating resilience and operational strength in a volatile L&S's Q2 revenue increased by 40 percent year-on-year (YoY) to US$1,258 million (Dh4,618 million) with EBITDA growing 31 percent YoY to $400 million (Dh1,470 million).Net profit for the quarter grew 14 percent YoY to $236 million (Dh866 million).In H1 2025, the company's revenue was $2,439 million (Dh8,957 million), a 40 percent YoY increase. EBITDA rose by 26 percent YoY to $744 million (Dh2,732 million), driven by robust performance across all business segments, sustaining EBITDA margin at 30 profit for H1 2025 was $420 million (Dh1,544 million), up 5 percent YoY, and up 18 percent compared to H2 L&S's diverse and resilient business model enabled the company to deliver strong net profit and operating cash flow despite challenging shipping charter rate environments in Gas, Tankers, and Dry by strong performance in its core business segments and improving margins, ADNOC L&S has upgraded its full-year guidance, expecting faster growth due to continued momentum and enhanced operational efficiency across key company continues to enhance value and streamline operations across its diverse asset portfolio, while advancing integration and innovation through its shipping and logistics subsidiaries, Navig8 and Zakher Marine International (ZMI).CEO of ADNOC L&S, Captain Abdulkareem Al Masabi, said, 'We are proud to report our highest-ever quarterly results, underscoring the strength of our growth strategy and our ability to capitalise on diversified opportunities across our Integrated Logistics, Shipping, and Services segments."He added that this record-breaking performance reflects ADNOC L&S's continued outperformance of market expectations, driven by robust cash flows, strategic partnerships, and operational Masabi said the integrated logistics segment delivered a solid performance, with revenues rising 22 percent YoY to $1,293 million (Dh4,748 million), reflecting strong demand and strategic growth in key areas. As a result, EBITDA rose by 27 percent YoY to $420 million (Dh1,542 million), highlighting the segment's significant contribution to the company's overall strong, profitable growth was mainly driven by continued strong utilisation and rates on Jack-up Barges (JUBs), improved profitability on the Integrated Logistics Solution Platform, and increased chartering activity beyond the ILSP. Additionally, Engineering, Procurement and Construction (EPC) projects, including the G-Island and Hail & Ghasha, contributed to strong revenue the shipping segment, it demonstrated exceptional growth, with revenues surging 89 percent YoY to $981 million (Dh3,602 million). This performance was primarily driven by the consolidation of revenue from the Navig8 tanker fleet, marking a key milestone in the company's strategic EBITDA increased by 25 percent YoY to $290 million (Dh1,067 million), despite substantially weaker market conditions than H1 2024, reflecting strong operational execution. A robust EBITDA margin of 30 percent reinforces ADNOC L&S's ability to generate strong value even in less buoyant services segment continues to extend ADNOC L&S's diversified business model, with revenues rising 4 percent YoY to $165 million (Dh607 million). EBITDA grew 22 percent YoY to $33 million (Dh121 million), primarily driven by higher volumes at the Borouge Container Terminal and the share of profit from Navig8's bunkering business (Integr8).
17-06-2025
- Entertainment
'Lilo & Stitch' actor David Hekili Kenui Bell dies at 46
"Lilo & Stitch" actor David Hekili Kenui Bell has died, according to a Facebook post from his sister Jalene Kanani Bell. Bell was 46 years old. "It is with a heavy heart I share that my sweet, generous, talented, funny, brilliant and handsome little brother David H. K. Bell will spend today in the company of our Heavenly Father," Jalene Kanani Bell wrote in the post, which was shared Sunday. "I've been waiting for the words and mindset to properly express the joy of a human, and Prince of a Man he was, but fate pushed my hand this morning by a pre-scheduled Father's Day newsletter honoring the men in our lives." The Hawai'i Police Department confirmed in a statement to People on Monday that Bell died June 12. "We have launched a coroner's inquest investigation (as is standard practice) and an autopsy is being scheduled to determine the exact cause of death," a police spokesperson said, according to People. "The investigation is ongoing at this time. No foul play is suspected." Bell's representative Lashauna Downie also told People in a statement, "I am learning like you through social media. This is heartbreaking & sad, if true." "He was one of my best talent & embodied the true meaning of aloha…a gentle giant," Downie added. Bell most recently appeared as "Big Hawaiian Dude" in the new live-action "Lilo & Stitch" movie, where he made a lasting impression as the man holding a shave ice near the end of the movie trailer. He was also a guest on the shows "Hawaii Five-0" and "Magnum P.I." "David loved being an actor, doing voiceovers," his sister wrote in her Facebook post Sunday, adding, "The film industry and entertainment was so exciting to him and I loved that he enjoyed the arts." Describing him as "a diamond in the rough" and "a bright and shining star," she said her brother "recently made it on to the big screen with an iconic Lilo & Stich [moment]." "He planned ahead and purchased the best seats in the house for us all to go together to opening night in Kapolei just two short weeks ago," she wrote. "We talked about and were so energized by the fans dressed in L&S gear head to toe, t-shirts, onezees, hats, mask, and the merch galore flying off the shelf as we stood in line for pop-corn." "Hug your loved ones today…our last time together after returning home from the movie was just sitting on my living room couch talking story about life, having a seltzer and doing a little genealogy," she added. "Blessed by this and all the big and small moments, I will keep our memories alive."
Perth Now
17-06-2025
- Entertainment
- Perth Now
Lilo & Stitch actor dies weeks after film premiere
Actor David Hekili Kenui Bell, who appeared in the live-action remake of Lilo & Stitch, has died. Mr Bell's sister Jalene Kanani Bell shared the devastating news in a touching statement posted to Facebook on Sunday. 'It is with a heavy heart I share that my sweet, generous, talented, funny, brilliant and handsome little brother David H. K. Bell will spend today in the company of our Heavenly Father,' she wrote. 'He was and will remain a bright and shining star. He recently made it onto the big screen with an iconic Lilo & Stitch moment.' The Disney live-action remake premiered on May 23. Ms Bell said her brother proudly took their family to the opening night in Kapolei, Hawaii. 'He planned ahead and purchased the best seats in the house for us all to go together to opening night in Kapolei just two short weeks ago,' she added. Lilo & Stitch premiered on May 23. Credit: Disney 'We talked about and were so energised by the fans dressed in L&S gear head to toe.' Mr Bell's cause of death was not shared. He also appeared in episodes of the Hawaii-set shows Hawaii Five-0 and Magnum P.I. , in addition to commercials for Kona Brewing. Alongside acting, Ms Bell said he loved doing voice-overs. 'You can hear him over the PA system on arrival at Kona Airport where he loved working to create an awesome and safe customer experience.' Ending her statement, Ms Bell vowed to keep the memories with her brother alive. 'Hug your loved ones today ... our last time together after returning home from the movie was just sitting on my living room couch talking about life, having a seltzer and doing a little genealogy. 'Blessed by this and all the big and small moments. I will keep our memories alive.'
Arabian Business
20-05-2025
- Business
- Arabian Business
ADNOC Logistics & Services
Will acquire remaining 20% stake in mid-2027 for up to $450 million; Navig8 set to ADNOC L&S earnings per share by at least 20% in 2025
