ADX listed logistics firm Agility Global saw its net income attributable to equity holders rise 152.8% y-o-y to USD 128 mn in FY 2024, according to the company’s audited financials (pdf). The Kuwait-based Agility also posted a 14.5% increase y-o-y in its topline to USD 4.5 bn.

What they said: “Our three largest operating businesses – Menzies Aviation, Tristar Group and Agility Logistics Parks – took important steps to strengthen their market-leading positions by expanding their footprint and acquiring new customers,” Agility Global Chairman Tarek Sultan said in a separate earnings release (pdf).

The expansions in numbers: Menzies Aviation saw a 20% y-o-y boost to USD 2.6 bn in 2024 on the back of new operations. The notable expansions include moves in Europe by purchasing a stake in Groundforce Portugal and Bulgaria’s Sofia International Airport, and expanding handling at India’s Bangalore Airport. Agility’s fuel logistics arm Tristar raised revenues by 11.8 y-o-y in FY 2024 driven by expansions in Sri Lanka, whereas Agility Logistics Parks saw topline growth of 13.2% y-o-y attributed partly to the expansion of its Jeddah complex.

3Q performance: Agility Global’s net income attributable to shareholders rose USD 37.1 mny-o-y in 3Q 2024, while its revenues increased 16% y-o-y to USD 1.2 bn in the same period.

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