Latest news with #Noatum
Trade Arabia
02-04-2025
- Business
- Trade Arabia
AD Ports Group records $4.7bn in revenue for 2024
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisation), reaching AED4.51 billion ($1.2 billion), thus marking a growth of 48% and 69% respectively when compared to 2023. The Group's 2024 Annual Report highlighted a year of exceptional performance, during which it successfully integrated two major acquisitions and accelerated its international expansion strategy, boosting profitability. The report shed light on AD Ports Group's continued expansion, including the integration of Noatum, a global logistics leader, and Global Feeder Shipping (GFS), a Dubai-based regional container shipping company. Additionally, the Emirati group secured multi-purpose terminal concessions and intermodal logistics facilities in some of the world's fastest-growing trade corridors, including Egypt, Pakistan, Angola, Tanzania, and Georgia. All of the Group's business segments - Ports, Economic Cities and Free Zones, Maritime and Shipping, Logistics, and Digital - contributed to the record-breaking revenue. Mohamed Hassan Alsuwaidi, Minister of Investment and Chairman of AD Ports Group, said the Group achieved exceptional results, navigating challenges skillfully while leveraging opportunities to drive its comprehensive international expansion strategy. AD Ports Group emerged as a key global player in 2024, achieving new levels of geographic reach, international recognition, and financial strength, all driven by the vision of the UAE's wise leadership, he stated. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said that 2024 was defined by success, as the Group pursued its mission to enable trade and support national leadership's vision. "Through a flexible business strategy and expanding customer-centric solutions, AD Ports Group achieved organic growth and expanded internationally by adding new port terminals and maritime, digital, and logistics assets — opening new horizons for value-driven global expansion," he added. The Group broadened its global footprint in 2024 through strategic acquisitions in Africa, Europe, and Central Asia, while enhancing its global network of ports and terminals through new concessions in Egypt, Pakistan, and Angola. Its international operations were restructured under three new core brands: Noatum Ports, Noatum Maritime, and Noatum Logistics. Highlighting the Group's growing global stature, Khalifa Port was ranked 19th among the world's top 20 container ports for the first time, according to Drewry Maritime Research. The Group also received multiple international awards, recognising its financial strength, investment performance, investor relations, ESG programmes, workplace environment, and more. AD Ports Group follows a targeted inorganic expansion strategy, acquiring logistics, maritime, and port assets that enhance its integrated business model, boost customer value, expand trade routes and logistics coverage, and reinforce connectivity — all anchored in Abu Dhabi's core assets.
Al Etihad
02-04-2025
- Business
- Al Etihad
AD Ports Group records Dh17.29 billion in revenue for 2024
2 Apr 2025 15:08 ABU DHABI (WAM) AD Ports Group achieved record-breaking results in 2024, with revenues reaching Dh17.29 billion and EBITDA (earnings before interest, taxes, depreciation and amortisation), reaching Dh4.51 billion, marking growth of 48 and 69 percent, respectively compared to Group's 2024 Annual Report highlighted a year of exceptional performance, during which it successfully integrated two major acquisitions and accelerated its international expansion strategy, boosting report shed light on AD Ports Group's continued expansion, including the integration of Noatum, a global logistics leader, and Global Feeder Shipping (GFS), a Dubai-based regional container shipping the Group secured multi-purpose terminal concessions and intermodal logistics facilities in some of the world's fastest-growing trade corridors, including Egypt, Pakistan, Angola, Tanzania, and of the Group's business segments — Ports, Economic Cities and Free Zones, Maritime and Shipping, Logistics, and Digital — contributed to the record-breaking of Investment and Chairman of AD Ports Group, Mohamed Hassan Alsuwaidi, stated that the Group achieved exceptional results, navigating challenges skillfully while leveraging opportunities to drive its comprehensive international expansion added that AD Ports Group emerged as a key global player in 2024, achieving new levels of geographic reach, international recognition, and financial strength, all driven by the vision of the UAE's wise Director and Group CEO of AD Ports Group, Captain Mohamed Juma Al Shamisi, said that 2024 was defined by success, as the Group pursued its mission to enable trade and support national leadership's vision. Through a flexible business strategy and expanding customer-centric solutions, AD Ports Group achieved organic growth and expanded internationally by adding new port terminals and maritime, digital, and logistics assets — opening new horizons for value-driven global Group broadened its global footprint in 2024 through strategic acquisitions in Africa, Europe, and Central Asia, while enhancing its global network of ports and terminals through new concessions in Egypt, Pakistan, and Angola. Its international operations were restructured under three new core brands: Noatum Ports, Noatum Maritime, and Noatum the Group's growing global stature, Khalifa Port was ranked 19th among the world's top 20 container ports for the first time, according to Drewry Maritime Group also received multiple international awards, recognising its financial strength, investment performance, investor relations, ESG programmes, workplace environment, and Ports Group follows a targeted inorganic expansion strategy, acquiring logistics, maritime, and port assets that enhance its integrated business model, boost customer value, expand trade routes and logistics coverage, and reinforce connectivity — all anchored in Abu Dhabi's core assets. The Group's growth in 2024 was not limited to international expansion but also became more profitable, thanks to synergies across its five business segments.
Gulf Today
02-04-2025
- Business
- Gulf Today
AD Ports Group registers record Dhs17.29b in revenue for 2024
AD Ports Group achieved record-breaking results in 2024, with revenues reaching Dhs17.29 billion and EBITDA (earnings before interest, taxes, depreciation and amortisation), reaching Dhs4.51 billion, marking growth of 48 and 69 per cent respectively compared to 2023. The Group's 2024 Annual Report highlighted a year of exceptional performance, during which it successfully integrated two major acquisitions and accelerated its international expansion strategy, boosting profitability. The report shed light on AD Ports Group's continued expansion, including the integration of Noatum, a global logistics leader, and Global Feeder Shipping (GFS), a Dubai-based regional container shipping company. Additionally, the Group secured multi-purpose terminal concessions and intermodal logistics facilities in some of the world's fastest-growing trade corridors, including Egypt, Pakistan, Angola, Tanzania, and Georgia. All of the Group's business segments - Ports, Economic Cities and Free Zones, Maritime and Shipping, Logistics, and Digital - contributed to the record-breaking revenue. Mohamed Hassan Alsuwaidi, Minister of Investment and Chairman of AD Ports Group, stated that the Group achieved exceptional results, navigating challenges skillfully while leveraging opportunities to drive its comprehensive international expansion strategy. He added that AD Ports Group emerged as a key global player in 2024, achieving new levels of geographic reach, international recognition, and financial strength, all driven by the vision of the UAE's wise leadership. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said that 2024 was defined by success, as the Group pursued its mission to enable trade and support national leadership's vision. Through a flexible business strategy and expanding customer-centric solutions, AD Ports Group achieved organic growth and expanded internationally by adding new port terminals and maritime, digital, and logistics assets - opening new horizons for value-driven global expansion. The Group broadened its global footprint in 2024 through strategic acquisitions in Africa, Europe, and Central Asia, while enhancing its global network of ports and terminals through new concessions in Egypt, Pakistan, and Angola. Its international operations were restructured under three new core brands: Noatum Ports, Noatum Maritime, and Noatum Logistics. Highlighting the Group's growing global stature, Khalifa Port was ranked 19th among the world's top 20 container ports for the first time, according to Drewry Maritime Research. The Group also received multiple international awards, recognising its financial strength, investment performance, investor relations, ESG programmes, workplace environment, and more. AD Ports Group follows a targeted inorganic expansion strategy, acquiring logistics, maritime, and port assets that enhance its integrated business model, boost customer value, expand trade routes and logistics coverage, and reinforce connectivity - all anchored in Abu Dhabi's core assets. The Group's growth in 2024 was not limited to international expansion but also became more profitable, thanks to synergies across its five business segments. Last week, AD Ports Group announced the signing of a 50-year agreement with Oylz Terminals, a UAE-based oil supply and distribution provider, to develop a world-class clean petroleum storage facility in Khalifa Port. The agreement will see Olyz Terminals develop a state-of-the-art 600,000 cbm tank storage facility at Khalifa Port Logistics Hub in two phases, further enhancing the port's capabilities and reinforcing its position as a key energy storage and trading hub in the region. The first phase of the facility is expected to commence operations in mid-2027. A day earlier, AD Ports Group and Columbia Group, a leading global integrated maritime, logistics, leisure and energy platform, have formed a joint venture (JV) to optimise third party vessel operations, and that of AD Ports Group's state-of-the-art fleet management systems. The newly formed entity, Noatum — CSM Limited, combines Columbia Group's expertise in advanced fleet management systems and AI-driven performance analytics, with AD Ports Group's diverse fleet and extensive ship management experience, both globally and regionally. Also, by integrating ship management into AD Ports Group's Maritime and Shipping Cluster service portfolio, this strategic alliance offers the benefits of a world-class ship management system and team to third parties. The JV will benefit from immediate access to Columbia Group's Performance Optimisation Control Room (POCR), an advanced digital platform designed to catalyse fleet performance enhancement, predictive maintenance, and regulatory compliance. This platform provides continuous live monitoring and comprehensive decision support tools to optimise voyages, speed, bunker usage, and emissions. WAM
Zawya
02-04-2025
- Business
- Zawya
AD Ports Group records $4.7bln in revenue for 2024
AD Ports Group achieved record-breaking results in 2024, with revenues reaching AED17.29 billion and EBITDA (earnings before interest, taxes, depreciation and amortisation), reaching AED4.51 billion, marking growth of 48 and 69 percent respectively compared to 2023. The Group's 2024 Annual Report highlighted a year of exceptional performance, during which it successfully integrated two major acquisitions and accelerated its international expansion strategy, boosting profitability. The report shed light on AD Ports Group's continued expansion, including the integration of Noatum, a global logistics leader, and Global Feeder Shipping (GFS), a Dubai-based regional container shipping company. Additionally, the Group secured multi-purpose terminal concessions and intermodal logistics facilities in some of the world's fastest-growing trade corridors, including Egypt, Pakistan, Angola, Tanzania, and Georgia. All of the Group's business segments — Ports, Economic Cities and Free Zones, Maritime and Shipping, Logistics, and Digital — contributed to the record-breaking revenue. Mohamed Hassan Alsuwaidi, Minister of Investment and Chairman of AD Ports Group, stated that the Group achieved exceptional results, navigating challenges skillfully while leveraging opportunities to drive its comprehensive international expansion strategy. He added that AD Ports Group emerged as a key global player in 2024, achieving new levels of geographic reach, international recognition, and financial strength, all driven by the vision of the UAE's wise leadership. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said that 2024 was defined by success, as the Group pursued its mission to enable trade and support national leadership's vision. Through a flexible business strategy and expanding customer-centric solutions, AD Ports Group achieved organic growth and expanded internationally by adding new port terminals and maritime, digital, and logistics assets — opening new horizons for value-driven global expansion. The Group broadened its global footprint in 2024 through strategic acquisitions in Africa, Europe, and Central Asia, while enhancing its global network of ports and terminals through new concessions in Egypt, Pakistan, and Angola. Its international operations were restructured under three new core brands: Noatum Ports, Noatum Maritime, and Noatum Logistics. Highlighting the Group's growing global stature, Khalifa Port was ranked 19th among the world's top 20 container ports for the first time, according to Drewry Maritime Research. The Group also received multiple international awards, recognising its financial strength, investment performance, investor relations, ESG programmes, workplace environment, and more. AD Ports Group follows a targeted inorganic expansion strategy, acquiring logistics, maritime, and port assets that enhance its integrated business model, boost customer value, expand trade routes and logistics coverage, and reinforce connectivity — all anchored in Abu Dhabi's core assets. The Group's growth in 2024 was not limited to international expansion but also became more profitable, thanks to synergies across its five business segments.
Trade Arabia
16-02-2025
- Business
- Trade Arabia
AD Ports Group net profit up 31% to $484.6m
AD Ports Group, an enabler of integrated trade, transport and logistics solutions, said its profit before tax and minorities grew 45% YoY to AED2.04 billion ($555.4 million) in 2024, whereas group total net profit increased 31% YoY to AED1.78 billion ($484.62 million), implying a net profit margin of 10.3%. Revenue increased 48% YoY to AED17.29 billion fuelled by M&A contribution with healthy double-digit organic growth across the group's five business clusters ecosystem. AD Ports Group's bottom-line performance was strong despite the introduction of corporate income tax of 9% in the UAE in 2024, the group said. 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, it said. Financial performance highlights for FY 2024 * EBITDA recorded an impressive 69% YoY growth to AED4.51 billion, implying an EBITDA margin of 26.1% (vs. 22.8% in 2023, +320 bps YoY). Strong operating performance was driven by the Maritime & Shipping, Ports, and Logistics Clusters. * Net profit attributable to owners grew 24% YoY to AED1.33 billion led by strong operating performance. * Balance Sheet: Total assets grew by 15% YoY to AED63.70 billion in 2024 while total equity increased 15% YoY to AED27.83 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 AED2.83 billion at end of 2024 driven by earnings growth and an additional liquidity booster through the refinancing and upsizing of its bank facilities. * Capital Expenditures: The group's organic Capital Expenditures (CapEx) declined for the third consecutive year, reaching AED4.1 billion in 2024, AED605 million or 13% lower than in 2023. * Cash Flow Statement: AD Ports Group was Free Cash Flow positive on a quarterly basis for the second time in a row in Q4 2024 on the back of strong EBITDA growth, high cash conversion and lower capital spending. Annual Cash Flow from Operations grew almost three-fold to AED3.91 billion in 2024, vs. AED1.47 billion in 2023. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, said: '2024 marked another year of record revenue and earnings with the Group delivering on its primary mission to enable trade. Not only did we deploy an agile, effective business strategy that translated geopolitical uncertainty in some regions into record revenue and profit, but we also leveraged the integration of our recent acquisitions to attain a new level of efficiency, international significance, and to maximise the financial synergies from the consolidation of the acquired entities. "Our Group, in line with the vision of our wise leadership, grew more global and became more cohesive and profitable as we expanded our reach to more than 50 countries on five continents, while continued making large investments in our core infrastructure in Abu Dhabi, positioning it at the forefront of global trade and advancing the UAE's economic diversification and the growth of a green, sustainable economy. AD Ports Group enters 2025 with strong momentum, despite ongoing regional macroeconomic and geopolitical disruptions, as we continue our expansion and extract further value from the synergies of our group.' -
