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AD Ports Group delivers record Q2 performance
AD Ports Group recently reported its strongest quarterly results on record for the second quarter of 2026, demonstrating the resilience of its diversified and integrated business model against the backdrop of a challenging and volatile geopolitical and macroeconomic situation, marked by conflict in and around the Strait of Hormuz.
Revenues generated in this quarter rose 47% year-on-year to AED 7.08 billion, driven in particular by the strong operational and financial performance of the Maritime & Shipping, Economic Cities & Free Zones (EC&FZ) and Logistics Clusters. The Group’s total net profit in the second quarter jumped 88% year-on-year to AED 836 million.
Over the course of the second quarter of this year, AD Ports Group continued to develop alternative multimodal trade routes and operations across the United Arab Emirates, minimising the impact of Strait of Hormuz traffic disruptions for its customers and the wider UAE and GCC economy. Continuity measures implemented since March include the rerouting of cargo operations and feeder services to Fujairah Terminals and Khor Fakkan port, both located outside the Strait of Hormuz on the Gulf of Oman; the deployment of new land and air bridges; and the establishment of additional warehousing and storage facilities.
AD Ports Group also reinforced its regional feeder shipping services redeploying and scaling up its containership and bulk cargo vessel fleets. These services connect with ports in India, Pakistan, and Oman, as well as Red Sea and Upper Arabian Gulf ports. In total, a fleet of 27 of the Group’s containerships and five bulk carriers have served alternative shipping corridors to ensure the uninterrupted movement of cargo and supply chain continuity.
During the period, the Group furthermore established alternative overland trade corridors from Fujairah Terminals and Khor Fakkan port through bonded customs transit across the UAE to Khalifa Port, Jebel Ali Port and Sharjah.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “We delivered a record financial performance in Quarter 2, despite operating through perhaps the most significant challenge in our 20-year history. Drawing on our predominantly landlord port business model, the diversification of trade routes through the UAE East Coast, and our growing international port footprint in Spain, Pakistan, Egypt, and Angola, we successfully mitigated regional disruptions whilst sustaining our profit-enhancing global expansion.”
A notable shareholder change may be on the way, Recently AD Ports Group confirmed that it has received a notification from L’IMAD Holding Company PJSC, a sovereign investor of the Government of Abu Dhabi, of its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of the issued and paid-up share capital of Abu Dhabi Ports Company not already held by ADQ. L’IMAD, through ADQ, currently owns 75.42% of AD Ports Group and intends to offer AED 6.25 per share, which represents a 23% premium compared to the last share price of AED 5.10 per share as of the close of business on August 14th, 2026. This offer will be presented to the Group’s Board of Directors and decisions will be taken in line with standard regulatory procedures.
