Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) posted net profits after tax amounting to $184.54 million in the first quarter (Q1) of 2025, an annual drop of 5% from $193.72 million.
Revenue surged by 41% to $1.18 billion as of 31 March 2025 from $840.27 million in Q1-24, according to the financial results.
Basic and diluted earnings per share (EPS) declined to $0.02 in Q1-25 from $0.03 a year earlier.
Quarter-on-quarter (QoQ), the Q1-25 net profits increased by 3% from $180 million in Q4-24, while the revenues jumped by 34% from $881 million.
Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “Our recent acquisition of 80% of Navig8, and the integration of their capabilities into our expansive services portfolio, further strengthens our customer offerings and international footprint, unlocking new shareholder value.”
“Moving forward, we will continue to deliver on our transformational growth strategy while leveraging cutting-edge technologies and AI solutions to further enhance operational efficiencies," Al Masabi highlighted.
