According to Amac News: Based on the company's announcement, its revenue for the first nine months of 2024 reached $2.668 billion (AED 9.798 billion), marking a 38% increase compared to the same period in 2023. EBITDA also rose by 37% to $867 million (AED 3.184 billion), while net profit for the first nine months of 2024 amounted to $576 million (AED 2.117 billion), reflecting a 27% increase year-on-year.
In the third quarter of 2024, the company's revenue increased by 32% year-on-year to $928 million (AED 3.410 billion), with EBITDA growing by 26% to $275 million (AED 1.011 billion). Net profit for this period also saw an 18% increase, reaching $175 million (AED 643 million).
The revenue from the Shipping segment rose to $745 million (AED 2.737 billion), representing a 23% increase, while EBITDA for this segment increased by 32% to $316 million (AED 1.159 billion).
ADNOC L&S, or ADNOC Logistics and Services plc, is one of the subsidiaries of the Abu Dhabi National Oil Company (ADNOC) and provides logistics and support services in the oil and gas industry.