AD PORTS GROUP-<\/p>\n
AD <\/strong>Ports sees strongest income since IPO:<\/strong> UAE-based port operator AD Ports Group saw its net income rise 34% y-o-y to AED 596 mn in 3Q 2025 \u2014 a record high since its 2022 public listing \u2014 driven by high cargo volumes and container throughput, rising warehouse utilization rates, and a surge in new industrial land leases, according to an earnings release (pdf)<\/a> published on Friday. The company\u2019s top line surged 16% y-o-y to AED 5.39 bn for the same period, driven by improved activity in maritime and shipping, ports, and economic cities and freezones clusters.<\/p>\n 3Q by the segment:<\/strong><\/p>\n In 9M terms: <\/strong>The company\u2019s net income rose 17% y-o-y to AED 1.1 bn in 9M 2025, while its top line surged 16% y-o-y to around AED 14.8 bn for the same period.<\/p>\n Heading into 2026: <\/strong>AD Ports Group is anticipating a softening in container freight rates across its service network, while predicting that demand will remain strong in its operating regions. The container shipping market outlook for 2026 remains highly uncertain as opposing market forces with unpredictable outcomes are at play, including the Red Sea conflict, US tariffs and trade wars, new regulations, and incoming supply and demand shifts.<\/p>\n \n ETIHAD<\/strong> AIRWAYS-<\/p>\n Etihad<\/strong> Airways reported a 26% y-o-y increase in its net income to AED 1.7 bn (USD 463 <\/strong>mn) in <\/strong>9M<\/strong> 2025<\/strong>, according to an earnings release<\/a> published on Friday. The firm\u2019s top line rose 18% y-o-y to AED 21.7 bn (USD 5.9 bn), driven by a robust performance across both passenger and cargo operations.<\/p>\n In cargo terms:<\/strong> Cargo revenues rose 8% to AED 3.2 bn (USD 875 mn) \u2014 attributable to enhanced capacity and increased volume. The carrier conveyed 509k tons of cargo, marking a 6% y-o-y increase.<\/p>\n Fleet updates:<\/strong> The airline\u2019s operating fleet reached 115 aircraft \u2014 marking a 19% y-o-y increase from last year\u2019s figures<\/a>. Nearly half of the boost from came from 3Q deliveries \u2014 which included A321LRs, B787s, and A350s.<\/p>\n Right on cue?<\/strong> Etihad Airways was looking to onboard 18 new aircraft by year-end<\/a>, aiming to grow its fleet to some 115-120 aircraft to accommodate 21.5 mn passengers \u2014 assuming there are no delays from the manufacturer.<\/p>\n A solid year for the carrier: <\/strong>The airline reported a 32% y-o-y increase in its net income to AED 1.1 bn (USD 306 mn) in 1H 2025,<\/a> while its top line also rose 16% y-o-y to AED 13.5 bn due to strong performance across both passenger and cargo operations.<\/p>\n \n ABU DHABI AVIATION-<\/p>\n Abu<\/strong> Dhabi Aviation (Ada) reported a 24.1<\/strong>%<\/strong> y-o-y decrease in its net income to <\/strong>AED 698.5 mn in 9M 2025<\/strong>, according to an earnings release<\/a> <\/a><\/strong>(<\/a>pdf<\/a>)<\/a>. The firm\u2019s top line rose by 9.2% y-o-y to AED 5.5 bn. <\/p>\n Behind the numbers: <\/strong>The firm\u2019s reported net income came in lower than the prior year\u2019s AED 920.6 mn, largely due to a one-off gain of AED 596.8 mn that trickled from a reverse acquisition<\/a> in 2024. Adjusting for this transaction, Ada\u2019s 9M bottom line increased 116% y-o-y. <\/p>\n Segment highlights: <\/strong>Ada\u2019s cargo operations reported revenue of AED 168.9 mn for the same period, up more than 122% y-o-y. Meanwhile, the group\u2019s maintenance, repair, and overhaul business division saw its bottom line surge 280.4% y-o-y to AED 511.2 mn, whereas its revenues were at AED 4.8 bn, up 4.4% y-o-y. <\/p>\n \n GULF NAVIGATION HOLDING-<\/p>\n GulfNav<\/strong> returned to black in 3Q:<\/strong> DFM-listed maritime player Gulf Navigation Holding (GulfNav) saw its net income reach AED 4.6 mn (c. USD 1.3 mn) in 3Q 2025 \u2014 reversing an AED 23.6 mn loss in 3Q 2024, according to an earnings release (pdf)<\/a> published on Friday. The firm saw its top line increase 35% y-o-y to AED 81.6 mn for the same period, on the back of increased fleet utilization and improved activity in vessel chartering.<\/p>\n An upswing in 2025: <\/strong>GulfNav\u2019s 2Q figures saw<\/a> the company\u2019s bottom line reach AED 7.4 mn (USD 2 mn) in 2Q 2025, reversing a AED 13.2 mn loss in 2Q 2024. Meanwhile, revenues for 2Q grew 110% y-o-y to hit AED 28.5 mn. In 1H terms, the firm posted a net income of AED 463k in the six-month period, also recovering from 2024\u2019s loss in the same period.<\/p>\n \n ADNOC GAS- <\/p>\n Adnoc Gas reported net income of USD 1.3 bn in 3Q 2025<\/strong>, up 8% y-o-y, marking its highest 3Q earnings to date, according to its financials (pdf)<\/a>, management discussion and analysis report (pdf)<\/a> published on Thursday, and a separate earnings release (pdf)<\/a> published on Thursday. Revenues stood at USD 5.9 bn, down 6% y-o-y and almost flat q-o-q, while gas sales volumes rose 4% y-o-y.<\/p>\n Adnoc Gas\u2019 record earnings came despite a 14% y-o-y decline in Brent crude pr<\/strong>ices during the period<\/strong>, CFO Peter Van Driel said during an earnings call. He attributed margin expansion largely to strong demand in the domestic UAE market, as well as contract renegotiations with major power customers seeking greater flexibility, allowing Adnoc Gas to capture incremental pricing gains.<\/p>\n On a 9M basis<\/strong>, net income rose 10% y-o-y to USD 4 bn. Revenues reached USD 18 bn, down 2% from the same period in 2024. <\/p>\n \n SALIK- <\/p>\n Dubai\u2019s toll gate operator Salik reported a 34.5% y-o-y rise in net income to AED 372.9 mn <\/strong>in 3Q 2025<\/strong>, while revenues were up 36.9% y-o-y to AED 747.7 mn, according to its financials (pdf)<\/a> released last week. Salik\u2019s quarterly performance was supported by expanded infrastructure, with the addition of two new gates introduced in November 2024, along with the launch of variable pricing in January, continued tourism inflows, and a favorable macroeconomic environment sustaining higher traffic volumes across Dubai\u2019s road network, according to a separate earnings release (pdf)<\/a> published on Thursday. <\/p>\n The company\u2019s net income rose 39.1% y-o-y in 9M 2025 to AED 1.1 bn<\/strong>, with revenues growing 38.6% y-o-y to AED 2.3 bn. The tolling business saw chargeable trips reach 470.5 mn in 9M, of which 152.2 mn were recorded during 3Q. Toll usage fees increased 41.5% y-o-y to AED 2 bn during 9M, and rose 39.9% y-o-y to AED 655.2 mn during 3Q. <\/p>\n","protected":false},"excerpt":{"rendered":" AD Ports and Etihad Group saw robust growth in their earnings<\/p>\n","protected":false},"author":1,"featured_media":90332,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175],"tags":[168,183,145,174,157,191,234,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-ad-ports","tag-adnoc","tag-aviation","tag-earnings-watch","tag-etihad-airways","tag-gulf-navigation","tag-gulfnav","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"d2f3c410-f4b7-4f51-9402-a3a292653527","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1687.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A heap of 3Q, 9M earnings from UAE\u2019s logistics giants","related_issue":[90318],"teaser":"AD Ports and Etihad Group saw robust growth in their earnings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.6b5250d8-c6d8-4298-88e8-82d197e94aaf.mp3"},"yoast_head":"\n\n