ADNOC L&S posts record Q2 net profit of $951 million

ADNOC Logistics and Services plc (ADNOC L&S) announced record-breaking financial results for the second quarter and first half of 2026, showcasing significant growth and operational strength. The company's performance highlights its crucial role in delivering energy from the UAE to the global market.

In the second quarter, ADNOC L&S achieved revenue of $2.58 billion, a 98 percent increase year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 176 percent to $1.11 billion. Net profit saw a remarkable surge of 303 percent, reaching $951 million.

For the first half of 2026, revenue grew 46 percent year-on-year to $3.67 billion. EBITDA increased by 98 percent to $1.48 billion, with a 40 percent margin, an 11 percentage point increase from the previous year, driven by exceptional shipping performance. Net profit for the first half rose 179 percent to $1.17 billion.

Reflecting its robust earnings, ADNOC L&S has raised its 2026 financial guidance for the third time this year. The company's consistent strong performance underscores its strategic importance and operational efficiency in the global energy logistics sector.