The AD Ports Group has published its financial results for the first quarter ending March 31, 2025.
The AD Ports Group started 2025 with double-digit growth from top-line to bottom-line, driven by the ports, economic cities and free zones, and maritime and shipping clusters.
Group revenue reached AED4.60 billion (US$1.3 billion) in Q1 2025, growing by an impressive 18 per cent year-on-year. Group operating profit amounted to AED1.14 billion (US$310 million) in Q1 2025, translating into a nine per cent YOY growth, driven by a 17 per cent YOY increase in ports, 10 per cent YOY in maritime and shipping, and seven per cent YOY in economic cities and free zones.
Total net profit rose by 16 per cent YOY to AED464 million (US$126 million), mainly driven by operating performance. Earnings per share for the quarter stood at AED0.07 (US$0.02), implying a 14 per cent YOY increase.
Operating cash flow, which amounted to AED725 million (US$197 million) in Q1 2025 compared with AED781 million (US$213 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 was slightly negative for the quarter at negative AED173 million (negative US$47.1 million).
The AD Ports Group said visibility on the global macroeconomic front continues to be challenging given current geopolitical volatility in regions such as the Red Sea, and the disruptive effects of US tariff policies.
However, the company said it is well positioned geographically and through its five-cluster integrated business ecosystem, and its asset base and service offering, to deal with the ongoing uncertain and unpredictable environment.
The company said its business model and agility enable it to adapt to shifting cargo flows and to make best use of arising opportunities in regions of focus, namely, the Middle East, the Red Sea, Europe, Africa, the Indian Subcontinent, Central Asia, Southeast Asia, and Latin America.