Latest news with #TarekSultan
Zawya
2 days ago
- Business
- Zawya
Agility Global reports $24mln Q2 earnings
Agility Global, a multi-business owner, operator and long-term investor, has reported Q2 2025 earnings of $24 million, or 0.24 cents per share. EBIT grew 5% to $97 million, EBITDA increased 8% to $181 million, and revenue rose 8% to $1.2 billion. For the first six months period, earnings stood at $45 million, or 0.44 cents per share. EBIT grew 1% to $189 million, EBITDA increased 7% to $354 million, and revenue rose 12% to $2.3 billion. As of June 30, 2025, Agility's investment segment had a total asset value of approximately $5.5 billion, and total assets value was $12.7 billion. Agility Global Chairman, Tarek Sultan, said: 'The group delivered another quarter of healthy operational performance, supported by continued organic growth across our core businesses. We see robust growth in Menzies and Agility Logistics Parks. Tristar delivered steady top-line growth and operational ramp-up; however, the lower-margin profile of this growth, compounded by challenges in its Maritime segment, has limited its EBIT expansion. Nevertheless, our operational momentum and underlying business fundamentals remain strong.' Sultan added: 'Our diversified portfolio, spanning critical logistics infrastructure across high growth markets, enables us to navigate global economic headwinds effectively. We continue to execute on our strategy, focusing on disciplined growth and value creation.' Controlled Segment For Q2 2025, the consolidated EBIT of the controlled businesses was $96 million; EBITDA was $179 million; and revenue reached $1,200 million. For the six months, EBIT of the controlled businesses was $174 million; EBITDA was $339 million; and revenue $2,343 million. Aviation Services: Menzies Menzies Aviation revenue reached $691 million in Q2 2025, representing 9% growth over the same period in 2024. The growth was mainly driven by increased volumes from new operations in Portugal and Spain; ground handling yields improvements; and strong cargo volumes across the regions excluding the impact of the closures of some non-profitable stations. In Q2, Menzies Ground Handling and fueling operations serviced close to 1.5 million flights. Over the same period, EBITDA and EBIT grew 13% and 24% with all divisions and service lines showing growth. Improved EBITDA and EBIT margins indicate the business's ability to leverage its existing platform for growth. In Q2, Menzies expanded its executive lounge presence in Europe, adding a Pearl lounge in Bratislava to the portfolio. Regulatory approval for the acquisition of 100% of US-based G2 Secure Staff is expected in Q3. Fuel Logistics: Tristar Tristar, a fully integrated fuel logistics business, reported Q2 revenue of $346 million, EBITDA of $64 million and EBIT $33 million. The 17.3% revenue growth over Q2 2024 was mainly driven by the new retail fuel business in Sri Lanka, which began operations in the second half of 2024. Although the retail fuel business is a low margin business today, Tristar is gaining a strong market presence and expects profit margins to improve in 2026 as efficiencies are realised, and the network expands. The maritime segment continued to face market headwinds during the quarter, but management remains confident in the long-term potential of this segment. Industrial Real Estate: Agility Logistics Parks (ALP) Agility Logistics Parks recorded Q2 2025 revenue of $14 million, representing a 13% increase from the same period last year. EBIT stood at $10 million. Strong demand for warehousing in Saudi Arabia continues to drive occupancy rates above 90%, particularly Riyadh. ALP's ongoing development of 226K SQM of new warehousing space is progressing and on schedule; some units have already been delivered, and the remainder are scheduled for delivery during the remaining months of 2025. The GCC warehousing sector is experiencing robust demand driven by e-commerce growth, 3PL expansion, and government-led industrial diversification programs. In Africa, ALP continues to evaluate opportunities in high-growth logistics corridors, particularly in East Africa, where demand for modern logistics infrastructure is underserved. Investment Segment As of June 30, 2025, Agility Global's investment segment stood at $5.5 billion in asset value. The segment's key assets include stakes in DSV and Reem Mall. DSV, Agility Global's largest investment holding, delivered solid Q2 2025 performance, underpinned by continued organic operational strength. The DB Schenker integration remains largely on track. While the share price has been volatile over the period, we are managing our equity collar with prudence to protect downside risk and restructure upside potential in line with DSV's intrinsic performance. Agility Global's DSV investment value has increased by 12% YTD. Agility Global is an investor in Reem Mall on Abu Dhabi's Reem Island, Abu Dhabi's latest signature shopping, dining, and entertainment family destination, spanning around 183.4K sq m of Gross Leasable Area (GLA). Anchored by hypermarkets and notable entertainment and home furnishing concepts, the mall will be home to around 400 international and local brands. One of the prominent recent openings was Sharaf DG, an expansive 3,334 sq m electronics retail space with 34 brand experience zones, making it the largest store of its kind in Abu Dhabi. As of June 2025, roughly 66% of GLA was open and trading, with an additional 14% under fit-out, for an effective GLA leased of 80%. As of July 2025, we have signed proposals for an additional 4% of GLA. The mall recorded consecutive record-breaking months for footfall and tenant sales in May and June where key metrics have increased by 30% and 40% respectively. - TradeArabia News Service Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arab Times
3 days ago
- Business
- Arab Times
Agility Global PLC Reports Q2 2025 EBIT of $97 Million
KUWAIT / UAE: Aug 12: Agility Global PLC, a multi-business owner, operator and long-term investor, today reported Q2 2025 earnings of $24 million, or 0.24 cents per share. EBIT grew 5% to $97 million, EBITDA increased 8% to $181 million, and revenue rose 8% to $1.2 billion. For the first six months period, earnings stood at $45 million, or 0.44 cents per share. EBIT grew 1% to $189 million, EBITDA increased 7% to $354 million, and revenue rose 12% to $2.3 billion. As of June 30, 2025, Agility's investment segment had a total asset value of approximately $5.5 billion, and total assets value was $12.7 billion. Agility Global Chairman, Tarek Sultan, said: 'The Group delivered another quarter of healthy operational performance, supported by continued organic growth across our core businesses. We see robust growth in Menzies and Agility Logistics Parks. Tristar delivered steady top-line growth and operational ramp-up; however, the lower-margin profile of this growth, compounded by challenges in its Maritime segment, has limited its EBIT expansion. Nevertheless, our operational momentum and underlying business fundamentals remain strong.' Sultan added: 'Our diversified portfolio, spanning critical logistics infrastructure across high growth markets, enables us to navigate global economic headwinds effectively. We continue to execute on our strategy, focusing on disciplined growth and value creation.' Controlled Segment For Q2 2025, the consolidated EBIT of the controlled businesses was $96 million; EBITDA was $179 million; and revenue reached $1,200 million. For the six months, EBIT of the controlled businesses was $174 million; EBITDA was $339 million; and revenue $2,343 million. Aviation Services: Menzies Menzies Aviation revenue reached $691 million in Q2 2025, representing 9% growth over the same period in 2024. The growth was mainly driven by increased volumes from new operations in Portugal and Spain; ground handling yields improvements; and strong cargo volumes across the regions excluding the impact of the closures of some non-profitable stations. In Q2, Menzies Ground Handling and fueling operations serviced close to 1.5 million flights. Over the same period, EBITDA and EBIT grew 13% and 24% with all divisions and service lines showing growth. Improved EBITDA and EBIT margins indicate the business's ability to leverage its existing platform for growth. In Q2, Menzies expanded its executive lounge presence in Europe, adding a Pearl lounge in Bratislava to the portfolio. Regulatory approval for the acquisition of 100% of US-based G2 Secure Staff is expected in Q3. Fuel Logistics: Tristar Tristar, a fully integrated fuel logistics business, reported Q2 revenue of $346 million, EBITDA of $64 million and EBIT $33 million. The 17.3% revenue growth over Q2 2024 was mainly driven by the new retail fuel business in Sri Lanka, which began operations in the second half of 2024. Although the retail fuel business is a low margin business today, Tristar is gaining a strong market presence and expects profit margins to improve in 2026 as efficiencies are realized, and the network expands. The maritime segment continued to face market headwinds during the quarter, but management remains confident in the long-term potential of this segment. Industrial Real Estate: Agility Logistics Parks (ALP) Agility Logistics Parks recorded Q2 2025 revenue of $14 million, representing a 13% increase from the same period last year. EBIT stood at $10 million. Strong demand for warehousing in Saudi Arabia continues to drive occupancy rates above 90%, particularly Riyadh. ALP's ongoing development of 226K SQM of new warehousing space is progressing and on schedule; some units have already been delivered, and the remainder are scheduled for delivery during the remaining months of 2025. The GCC warehousing sector is experiencing robust demand driven by e-commerce growth, 3PL expansion, and government-led industrial diversification programs. In Africa, ALP continues to evaluate opportunities in high-growth logistics corridors, particularly in East Africa, where demand for modern logistics infrastructure is underserved. As of June 30, 2025, Agility Global's investment segment stood at $5.5 billion in asset value. The segment's key assets include stakes in DSV and Reem Mall. ●tDSV, Agility Global's largest investment holding, delivered solid Q2 2025 performance, underpinned by continued organic operational strength. The DB Schenker integration remains largely on track. While the share price has been volatile over the period, we are managing our equity collar with prudence to protect downside risk and restructure upside potential in line with DSV's intrinsic performance. Agility Global's DSV investment value has increased by 12% YTD. ●tAgility Global is an investor in Reem Mall on Abu Dhabi's Reem Island, Abu Dhabi's latest signature shopping, dining, and entertainment family destination, spanning around 183.4K sqm of Gross Leasable Area (GLA). Anchored by hypermarkets and notable entertainment and home furnishing concepts, the mall will be home to around 400 international and local brands. One of the prominent recent openings was Sharaf DG, an expansive 3,334 sqm electronics retail space with 34 brand experience zones, making it the largest store of its kind in Abu Dhabi. As of June 2025, roughly 66% of GLA was open and trading, with an additional 14% under fit-out, for an effective GLA leased of 80%. As of July 2025, we have signed proposals for an additional 4% of GLA. The mall recorded consecutive record-breaking months for footfall and tenant sales in May and June where key metrics have increased by 30% and 40% respectively.
Al Bawaba
3 days ago
- Business
- Al Bawaba
Agility Global PLC Reports Q2 2025 EBIT of $97 Million
Agility Global PLC, a multi-business owner, operator and long-term investor, today reported Q2 2025 earnings of $24 million, or 0.24 cents per share. EBIT grew 5% to $97 million, EBITDA increased 8% to $181 million, and revenue rose 8% to $1.2 the first six months period, earnings stood at $45 million, or 0.44 cents per share. EBIT grew 1% to $189 million, EBITDA increased 7% to $354 million, and revenue rose 12% to $2.3 of June 30, 2025, Agility's investment segment had a total asset value of approximately $5.5 billion, and total assets value was $12.7 Global Chairman, Tarek Sultan, said: 'The Group delivered another quarter of healthy operational performance, supported by continued organic growth across our core businesses. We see robust growth in Menzies and Agility Logistics Parks. Tristar delivered steady top-line growth and operational ramp-up; however, the lower-margin profile of this growth, compounded by challenges in its Maritime segment, has limited its EBIT expansion. Nevertheless, our operational momentum and underlying business fundamentals remain strong.'Sultan added: 'Our diversified portfolio, spanning critical logistics infrastructure across high growth markets, enables us to navigate global economic headwinds effectively. We continue to execute on our strategy, focusing on disciplined growth and value creation.'Controlled SegmentFor Q2 2025, the consolidated EBIT of the controlled businesses was $96 million; EBITDA was $179 million; and revenue reached $1,200 million. For the six months, EBIT of the controlled businesses was $174 million; EBITDA was $339 million; and revenue $2,343 Services: MenziesMenzies Aviation revenue reached $691 million in Q2 2025, representing 9% growth over the same period in 2024. The growth was mainly driven by increased volumes from new operations in Portugal and Spain; ground handling yields improvements; and strong cargo volumes across the regions excluding the impact of the closures of some non-profitable stations. In Q2, Menzies Ground Handling and fueling operations serviced close to 1.5 million the same period, EBITDA and EBIT grew 13% and 24% with all divisions and service lines showing growth. Improved EBITDA and EBIT margins indicate the business's ability to leverage its existing platform for growth. In Q2, Menzies expanded its executive lounge presence in Europe, adding a Pearl lounge in Bratislava to the portfolio. Regulatory approval for the acquisition of 100% of US-based G2 Secure Staff is expected in Logistics: TristarTristar, a fully integrated fuel logistics business, reported Q2 revenue of $346 million, EBITDA of $64 million and EBIT $33 million. The 17.3% revenue growth over Q2 2024 was mainly driven by the new retail fuel business in Sri Lanka, which began operations in the second half of 2024. Although the retail fuel business is a low margin business today, Tristar is gaining a strong market presence and expects profit margins to improve in 2026 as efficiencies are realized, and the network expands. The maritime segment continued to face market headwinds during the quarter, but management remains confident in the long-term potential of this Real Estate: Agility Logistics Parks (ALP)Agility Logistics Parks recorded Q2 2025 revenue of $14 million, representing a 13% increase from the same period last year. EBIT stood at $10 demand for warehousing in Saudi Arabia continues to drive occupancy rates above 90%, particularly Riyadh. ALP's ongoing development of 226K SQM of new warehousing space is progressing and on schedule; some units have already been delivered, and the remainder are scheduled for delivery during the remaining months of GCC warehousing sector is experiencing robust demand driven by e-commerce growth, 3PL expansion, and government-led industrial diversification programs. In Africa, ALP continues to evaluate opportunities in high-growth logistics corridors, particularly in East Africa, where demand for modern logistics infrastructure is SegmentAs of June 30, 2025, Agility Global's investment segment stood at $5.5 billion in asset segment's key assets include stakes in DSV and Reem Mall.● DSV, Agility Global's largest investment holding, delivered solid Q2 2025 performance, underpinned by continued organic operational strength. The DB Schenker integration remains largely on track. While the share price has been volatile over the period, we are managing our equity collar with prudence to protect downside risk and restructure upside potential in line with DSV's intrinsic performance. Agility Global's DSV investment value has increased by 12% YTD.● Agility Global is an investor in Reem Mall on Abu Dhabi's Reem Island, Abu Dhabi's latest signature shopping, dining, and entertainment family destination, spanning around 183.4K sqm of Gross Leasable Area (GLA). Anchored by hypermarkets and notable entertainment and home furnishing concepts, the mall will be home to around 400 international and local brands. One of the prominent recent openings was Sharaf DG, an expansive 3,334 sqm electronics retail space with 34 brand experience zones, making it the largest store of its kind in Abu Dhabi. As of June 2025, roughly 66% of GLA was open and trading, with an additional 14% under fit-out, for an effective GLA leased of 80%. As of July 2025, we have signed proposals for an additional 4% of GLA. The mall recorded consecutive record-breaking months for footfall and tenant sales in May and June where key metrics have increased by 30% and 40% respectively.
Arab Times
17-07-2025
- Politics
- Arab Times
UNHCR and Agility Global partner to support refugee education in Egypt
CAIRO. July 16: UNHCR, the UN Refugee Agency in Kuwait, signed an agreement with Agility Global to support refugee education in Egypt. With the agreement, Agility Global's contribution will support UNHCR's initiative to enable more than 2,000 refugee students in Egypt to access education during the academic year 2025-2026 by enabling them to cover the costs of enrollment fees and other educational expenses. This support will ultimately enhance the refugees' personal development, community integration, social cohesion, and future opportunities. 'This partnership with Agility Global represents more than just financial support. It is an act of solidarity at a time when global displacement has reached a staggering 122.1 million forcibly displaced people,' said Nisreen Rubaian, UNHCR's Representative in Kuwait. 'The private sector has a vital role to play in transforming lives. Our strategic partnership with Agility Global's is a solid example of how meaningful partnerships can unlock opportunities for the most vulnerable people, especially through education. Together, we are turning the 'whole-of-society' approach into a powerful reality.' On his part, Agility Global Chairman, Tarek Sultan said: 'Agility Global's contribution aims to address the challenges and support the displaced families impacted by conflict and persecution by facilitating the education of their children. We hope that we can help refugee students build a better future and empower them by gaining the knowledge and the skills needed to thrive and become positive contributors in the society that's hosting them. This will also allow them to contribute to rebuilding their home countries when they return in safety and dignity.' Egypt is a transit and destination country for refugees and asylum-seekers. Since the start of the Sudan conflict in April 2023, a large influx of Sudanese refugees has arrived in Egypt seeking safety (more than 1,200,000 according to the Government of Egypt). As of 4 February 2025, some 905,000 individuals (70% Sudanese; 16% Syrians; 5% South Sudanese, 4% Eritreans) are registered with UNHCR in Egypt – more than triple the number registered at the start of the Sudan crisis. Of them, 572,000 are new arrivals from Sudan (three quarters are women and children). Agility has been a long-standing partner of UNHCR, supporting programs in Lebanon, Jordan, Malaysia, Turkey, Ukraine and Uganda over the past 16 years.
Daily Tribune
17-07-2025
- Business
- Daily Tribune
Agility Global and UNHCR Join Forces to Support Refugee Education in Egypt
The UN Refugee Agency (UNHCR) in Kuwait has signed a new agreement with Agility Global to support the education of over 2,000 refugee children in Egypt during the 2025-2026 academic year. Under the partnership, Agility Global's contribution will help refugee families cover school enrollment fees and other essential educational expenses. The initiative aims to give young refugees better access to learning, which in turn supports their personal development, integration into society, and future opportunities. Nisreen Rubaian, UNHCR's Representative in Kuwait, emphasized the importance of the partnership. 'This collaboration with Agility Global is not just about funding—it's a powerful act of solidarity,' she said. 'With more than 122 million people displaced globally, it's essential for the private sector to step up. This partnership shows how businesses can help change lives, especially by investing in education.' Agility Global Chairman Tarek Sultan shared similar sentiments, stating, 'Our goal is to support displaced families and give refugee children the chance to learn and grow. Education equips them with the tools to succeed, whether in their host communities or when they are able to return home safely.' Egypt has become both a transit and destination country for refugees, especially following the conflict in Sudan that erupted in April 2023. Since then, more than 1.2 million Sudanese refugees have fled to Egypt. According to UNHCR, as of February 2025, over 905,000 refugees and asylum-seekers are officially registered in the country—more than triple the number before the crisis began. About 70% of them are Sudanese, and the majority of new arrivals are women and children. The partnership between Agility Global and UNHCR stands as a timely and meaningful response to the growing needs of refugee communities, helping thousands of children continue their education despite the challenges of displacement..
