Abu Dhabi Ports Company (ADPORTS) investor relations material

Executive summary

• Achieved record quarterly net profit of AED 653 million in Q1 2026, up 41% year-over-year, with revenue rising 25% to AED 5.75 billion, driven by organic growth in Maritime & Shipping and Economic Cities & Free Zones clusters.

• EBITDA rose 33% to AED 1.52 billion (margin 26.4%), and EPS increased 43% year-on-year to AED 0.10.

• Demonstrated operational resilience and agility amid regional geopolitical challenges, maintaining uninterrupted services and activating business continuity protocols.

• Business and geographic diversification, asset monetization, and strategic agility were key to resilience.

• Maintained guidance for growth, profitability, CapEx, cash flow, and leverage for 2026 and medium term.

Financial highlights

• Revenue up 25% year-on-year to AED 5.75 billion; EBITDA up 33% to AED 1.52 billion; net profit up 41% to AED 653 million.

• Adjusted for one-off items, bottom line still grew over 25% year-on-year.

• Operating cash flow at AED 943 million, up 30% year-on-year; free cash flow slightly negative due to elevated CapEx.

• Net debt to EBITDA improved to 3.9x, with strong liquidity: AED 4.6 billion cash and AED 2.8 billion undrawn facilities.

• Capital gain of around AED 150 million recorded; insurance income offset by related costs.

Outlook and guidance

• Maintains medium-term EBITDA margin guidance of 25%-30%, with over 60% of EBITDA targeted from infrastructure.

• Guidance for growth, profitability, CapEx (AED 4.5–5 billion annually for 2026–2027), and leverage reaffirmed.

• Free cash flow expected to turn positive for the year, subject to regional developments.

• Management confirms sufficient resources for continued operations for at least 12 months, maintaining a going concern basis.

• Strategic focus on scaling up through both organic and inorganic means, especially in logistics.