ADNOC Logistics Reports 2024 Financial Results with 22% Profit Increase
The company sees a 29% rise in revenue, driven by strong performance across all business sectors.
ADNOC Logistics and Services PLC has announced its financial results for the year 2024, reporting revenues of 13.03 billion AED, an increase of 29% compared to 2023. The net profit for the year reached 2.77 billion AED, equivalent to 0.38 AED per share, marking a 22% annual increase.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 31%, reaching 4.21 billion AED, supported by robust performance across all business sectors.
Despite market fluctuations, the company maintained EBITDA margins at 32%.
Additionally, revenues for the fourth quarter of 2024 grew by 6% year-on-year, amounting to 3.23 billion AED.
The financial results underscore the company’s solid profitability and operational effectiveness within the logistics and services sector.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 31%, reaching 4.21 billion AED, supported by robust performance across all business sectors.
Despite market fluctuations, the company maintained EBITDA margins at 32%.
Additionally, revenues for the fourth quarter of 2024 grew by 6% year-on-year, amounting to 3.23 billion AED.
The financial results underscore the company’s solid profitability and operational effectiveness within the logistics and services sector.
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