Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) registered in 2025 net profit after tax worth $862.84 million, higher by 14% than $756.17 million in 2024.
The earnings per share (EPS) rose to $0.11 in 2025 from $0.10 in the previous year, according to the income statement.
ADNOC L&S generated revenue amounting to $5.01 billion in 2025, which reflected a 41% growth from $3.54 billion.
Meanwhile, total assets stood at $9.96 billion as of 31 December 2025, compared to $7 billion at the end of 2024.
Fourth Quarter Financials
In the fourth quarter (Q4) of 2025, the listed ADNOC L&S reported net profit after tax worth $232 million compared to $180 million in Q4-24, signaling a 29% year-on-year (YoY) increase.
The revenue also soared by 35% to $1.18 billion in October-December 2025 from $881 million in the same quarter of 2024.
Cash Dividends
The board of ADNOC L&S proposed a cash dividend distribution of $81.25 million that is equivalent to AED 298.40 million for Q4-25.
The company will disburse approximately 4.03 fils per share for the October-December 2025 period, subject to the shareholders’ approval.
Management Commentary on 2025 Financials
The CEO of ADNOC L&S, Abdulkareem Al Masabi, said: “2025 was a pivotal year for ADNOC L&S. We further enhanced our customer centricity, achieved record financial results and created significant value for our shareholders.”
Al Masabi noted: “ADNOC L&S grew across all segments, diversified into new verticals and accelerated its international expansion. With the acquisition of Navig8 we elevated ADNOC L&S from a regional powerhouse to global sector leadership.”
Outlook
ADNOC L&S said it is intensifying value-efficiency initiatives, leveraging portfolio diversification, and preserving the strength of long-term contracted revenues with high-quality counterparties, in line with increased market volatility.
It added that growth investments remain on track, with capex guidance unchanged.
The company retains the financial capacity to fund an additional $3 billion beyond announced projects.
Meanwhile, the dividend for 2025 is set to increase by 20% YoY to $325 million, paid on a quarterly basis and set to increase by 5% on a yearly basis from 2026 until 2030, subject to approvals.
ADNOC L&S targets a medium-term net debt with EBITDA ratio of 2.0–2.5x.
It is worth noting that in the first nine months (9M) of 2025, the ADX-listed ADNOC L&S recorded net profits after tax of $630.93 million and revenue of $3.70 billion.
