ADNOC Logistics & Services (ADNOC L&S) shareholders has approved all agenda items at its Annual General Meeting, including the Company’s final dividend of $81.25 million (AED 298.39 million), bringing the 2025 full-year dividend to $325 million (AED 1,193.56 million).
Recent regional developments have not materially affected ADNOC L&S’ global operations. The company remains financially strong and fully operational across all divisions. ADNOC L&S continues to monitor the operating environment closely, working with relevant authorities and stakeholders to ensure the safety of its people and uninterrupted operations.
Dividends for the first nine months of 2025 totaled $243.75 million (AED 859.3 million), or 12.1 fils per share, with the third-quarter dividend paid in December 2025. Subject to approvals, dividends are expected to grow by 5 percent annually from 2026 to 2030 and will be distributed quarterly.
ADNOC L&S delivered record results in 2025, with EBITDA rising 32 percent and net profit increasing 14 percent year-on-year. Growth was driven by strong market demand, operational execution, and expansion across core and growth segments. The integration of Navig8 marked a key milestone, strengthening the company’s capabilities across its logistics value chain.
The company has built a global platform supported by a resilient, contract-backed business model. Its diversified logistics capabilities and disciplined capital framework position it to perform across cycles while supporting ADNOC’s global growth ambitions.
Revenue rose 41 percent year-on-year to over $5.02 billion (AED 18.4 billion), while EBITDA increased 32 percent and net profit reached $863 million (AED 3.17 billion), reflecting ADNOC L&S’ continued transformation into a global market leader. As of December 31, 2025, the share price had risen 195 percent since the IPO, reinforcing investor confidence in its long-term strategy.
Dr. Sultan Al Jaber, Chairman of ADNOC L&S, said that the performance delivered tangible returns to shareholders, with financial discipline remaining central to the company’s strategy, enabling value-accretive growth while sustaining attractive and predictable returns.
Captain Abdulkareem Al Masabi CEO – ADNOC L&S
“ADNOC L&S continued to deliver its growth strategy built around service excellence and a safe and smart operational execution. Driven by organic growth and our acquisition of an 80% stake in Navig8, our robust balance sheet, prudent leverage policy and strong operating cash flows anchor our resilience. Our Value Efficiency Initiative, introduced in early 2025, delivered $119 million (AED 437 million) over the year, surpassing its original target by 19%. Our ongoing technology and AI-driven innovation, beyond increasing process efficiency across the business, is also delivering tangible service enhancements, creating additional value for the firm and our customers.”
Strategic expansion of ADNOC L&S
The $999 million (AED 3.7 billion) acquisition of an 80 percent stake in Navig8 in January 2025, followed by the swift integration of its 32-vessel fleet and advanced commercial and digital capabilities, expanded ADNOC L&S’ global footprint to 19 cities. The deal enhanced commercial scale, strengthened revenue streams, and improved access to global energy and commodities markets.
Navig8 provides a broader international platform to support the company’s next growth phase. In 2025, the company also expanded its fleet with the first two of nine Very Large Ethane Carriers (VLECs) and four additional LNG carriers, supporting long-term contracted revenue. On March 23, 2025, the company took delivery of its fifth of six new-build LNG carriers from Jiangnan Shipyard in China.
Major long-term partnerships
ADNOC L&S secured key long-term partnerships, including a 50-year agreement with TA’ZIZ to develop the UAE’s first dedicated chemicals export port, expected to generate over $1.3 billion (AED 4.8 billion) in revenue in its first 27 years. A 15-year agreement with Borouge further strengthened its petrochemicals export business, with an estimated value of $531 million (AED 1.95 billion).
The company continues to advance digitalization across core operations, leveraging AI, big data, and advanced platforms to enhance performance, efficiency, and safety. Its AI-enabled Smart Port Solution reduced vessel turnaround time by up to 90 percent and cut service sourcing from three hours to 45 seconds. Enhancements to its logistics systems increased cargo capacity by up to 40 percent and improved vessel utilization.
