DP WORLD-

Dubai-based port operator DP World’s net income rose 68.5% y-o-y to USD 960 mn in 1H 2025, according to its financials (pdf) released on Thursday. The firm’s top line surged 20.4% to USD 11.2 bn for the same period, which management attributed to new logistics segment acquisitions and strong returns from the ports and terminals division.

Segment breakdown:

  • The logistics, parks, and economic zones division contributed the most to the top line, recording a 23.1% y-o-y revenue boost to USD 4.7 bn. However, ongoing investments to expand logistics capabilities are currently holding back the segment’s short-term profitability, management said. The company invested USD 301 mn in this segment, targeting expansions in Sub-Saharan Africa, Europe, India, and the GCC.
  • Revenues from ports and terminals rose 22.2% y-o-y to around USD 4.4 bn. The growth was driven by a 6.7% y-o-y surge in handled volumes (45.5 mn TEUs) and rising rates for cargo handling, up by 11.1% per TEU. The company invested USD 539 mn in locations including UAE’s Jebel Ali, London Gateway, Sub-Saharan Africa, Canada’s Fraser Surrey Docks, Ecuador’s Posorja, and Saudi’s Jeddah.
  • The marine services segment saw its top line rise by 11.9% to reach USD 2.2 bn, largely driven by contributions from subsidiaries Unifeeder and Drydock Worlds. DP World invested USD 221 mn in P&O Maritime Logistics and Drydocks World.

An upward trajectory: DP World’s financials in FY 2024 dropped 2% y-o-y to USD 1.48 bn, largely due to high financing costs. Revenues climbed 9.7% y-o-y during the same period to USD 20 bn, which the company attributed at the time to new concessions and acquisitions as well as stronger performance from ports and terminals.

AIR ARABIA-

Air Arabia net income dips in 2Q: Air Arabia posted a net income after tax of AED 349.9 mn in 2Q 2025, down 10.3% y-o-y, according to its financials (pdf). Meanwhile, revenues rose 2.2% y-o-y to AED 1.7 bn as passenger numbers increased 15% to 5.1 mn across its hubs, the carrier said in a separate earnings release (pdf).

In 1H 2025, net income after tax inched up 3.7% y-o-y to AED 655.0 mn, revenues rose 7.8% to AED 3.4 bn, and passenger traffic climbed 13% to 10.1 mn with an average seat load factor of 84%. The airline added two aircraft to its fleet, bringing the total to 83, and launched 13 new routes across the UAE, Morocco, Egypt, and Pakistan.

Second wind: The carrier recorded a 26.5% y-o-y jump in net income after tax to AED 305.1 mn back in 1Q 2025, while revenues rose 14% y-o-y to AED 1.8 bn, driven by increased passenger demand and network expansion.

ABU DHABI SHIP BUILDING-

ADSB posts a rough 2Q: Abu Dhabi Ship Building (ADSB) recorded a 38% y-o-y drop in contract revenues to AED 265 mn in 2Q 2025, down from AED 428 mn the previous year, according to an ADX statement (pdf) released on Thursday. ADSB’s bottom line was in the red during the quarter, falling to an AED 821k loss from earnings of AED 11 mn in 2Q 2024.

On a 6M basis, the company saw its bottom line fall to AED 217k, down from AED 24 mn the year prior. Total revenues also took a dip, falling 26% y-o-y to AED 518 mn.

REMEMBER- The firm’s bottom line declined 91.8% y-o-y to AED 1 mn in 1Q2025, whereas its top line slipped 8.3% y-o-y to AED 253.1 mn during the same period. The firm’s bottom line decline was attributable to delays in revenue recognition and accumulated accounts receivable of AED 20 mn.

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