ADNOC L&S shareholders approve $325 million dividend

ADNOC Logistics & Services Plc (ADNOC L&S) shareholders approved the final 2025 dividend of $81.25 million (AED 298.4 million). The full-year dividend totals $325 million (AED 1,193.6 million), up 19% from 2024. The company targets 5% annual dividend growth through 2030, paid quarterly.

ADNOC L&S remained fully operational across all divisions despite regional challenges. The company integrates safety, business continuity, and regulatory coordination into its operations.

2025 Financial Performance

• Revenue rose 41% to $5.02 billion (AED 18.4 billion).
• EBITDA grew 32% year-on-year.
• Net profit increased 14% to $863 million (AED 3.17 billion).
• Share price rose 195% since IPO.

CEO Captain Abdulkareem Al Masabi said growth came from service excellence, smart operations, and the Navig8 acquisition. The Value Efficiency Initiative delivered $119 million (AED 437 million), exceeding targets by 19%. AI and technology improvements increased cargo capacity by 40% and reduced vessel turnaround time by 90%.

Key 2025 Milestones

• Acquired 80% of Navig8 for $999 million, adding 32 vessels and global commercial capabilities.
• Expanded fleet with LNG and VLEC carriers for long-term contracted revenue.
• Secured strategic partnerships: a 50-year TA’ZIZ chemicals export port ($1.3 billion revenue over 27 years) and a 15-year Borouge petrochemical agreement ($531 million).

Health, Safety & Environment

• Total Recordable Incident Rate (TRIR) improved 50% to 0.09 per million manhours.
• Reduced carbon intensity ~58% versus 2019 baseline.

Dividend Schedule

• Shareholder Approval: March 24, 2026
• Last Entitlement Date: April 1, 2026
• Record Date: April 3, 2026
• Payment: 30 days from approval

ADNOC L&S maintains a resilient, diversified business model and continues monitoring the operating environment to ensure safe, reliable operations.

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