AD PORTS GROUP-

UAE-based port operator AD Ports Group saw its top line jump 15% y-o-y to AED 4.8 bn in 2Q 2025, driven by robust performance across all its segments, according to an earnings release (pdf). The company’s income before tax gained 5% to reach AED 519 mn, while its net income after tax was almost unchanged, gaining just 1% y-o-y to AED 445 mn, largely due to higher income taxes.

2Q by the segment:

  • Maritime and shipping revenue soared 20% y-o-y to AED 2.4 bn in the last quarter, some 48% of the company’s total 2Q revenue. Despite Red Sea disruptions undermining the region’s contributions, the segment boosted its container feeder volumes by 34% y-o-y on the back of expanded fleets and volume growth in the Far East and Europe;
  • The company’s ports recorded a top line surge of 31% y-o-y to AED 736 mn, the segment’s largest annual increase. Container throughput increased by 17% y-o-y, while general cargo volumes leaped up 13% y-o-y;
  • Revenues from the economic cities and freezones sector increased 18% y-o-y to AED 555 mn, driven by a robust 51% growth in revenue from warehouse leases;
  • The logistics segment’s top line also rose 5% y-o-y AED 1.3 bn, with air freight and growing operations in the Netherlands, Spain, and the US driving the growth.

The company also reported a solid 1H overall, with its top line surging 17% y-o-y to AED 9.4 bn and its bottom line rising 8% y-o-y to AED 908 mn.

Steady despite tensions: AD Ports believes it is well-positioned to resist uncertainties in the container shipping industry — such as escalating geopolitical and trade tensions — thanks to its mitigation strategy and resilient demand and spot rates, the company said. That being said, AD Ports still expects geopolitical conflict in the Red Sea to continue into 2026, making the return to the maritime route doubtful.

PORT OF SALALAH-

Oman’s Port of Salalah saw its net income climb 58.0% y-o-y in 1H 2025 — based on our own calculations — to OMR 2.48 mn, according to an earnings release (pdf). The port’s revenues climbed 21.1% y-o-y, reaching OMR 42.4 mn in the same period. The port’s container terminal processed around 2 mn TEUs, a 21% y-o-y increase. Its general cargo terminal handled 12.9 mn metric tons, an increase of 11% y-o-y.

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