ADNOC LOGISTICS & SERVICES PLC

ADNOC Logistics & Services plc

ADNOCLSStocksAbu Dhabi Securities ExchangeTransportation

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	5.02B	3.55B	2.76B	1.95B	1.19B
Cost of Revenue	3.91B	2.61B	2.00B	1.54B	0.96B
Gross Profit	1.11B	0.94B	0.75B	0.42B	0.23B
SG&A	206.69M	144.20M	149.03M	108.08M	174.96M
Operating Expenses	197.99M	127.64M	142.79M	116.88M	168.13M
Operating Income	909.89M	812.91M	609.14M	298.23M	58.44M
Interest Income	18.96M	15.59M	9.79M	3.72M	1.64M
Interest Expense	-74.15M	-9.83M	-7.89M	-35.99M	-7.32M
Other Income/Expense	-11.29M	-5.53M	-4.61M	-0.01M	—
Pretax Income	921.63M	829.02M	622.44M	262.14M	54.80M
Income Tax	58.78M	72.85M	2.28M	1.35M	—
Net Income	838.54M	756.17M	620.16M	260.79M	54.80M
EBITDA	1.32B	1.09B	0.84B	0.45B	0.16B
EBIT	909.89M	812.91M	609.14M	298.23M	58.44M
EPS (Basic)	0.11	0.10	0.08	0.26	0.05
EPS (Diluted)	0.11	0.10	0.08	0.26	0.05
DPS	0.03	0.04	0.03	—	—
Margins & Efficiency
Gross Margin %	+22.1%	+26.5%	+27.3%	+21.3%	+19.0%
EBITDA Margin %	+26.3%	+30.7%	+30.4%	+22.9%	+13.1%
Net Margin %	+16.7%	+21.3%	+22.5%	+13.4%	+4.6%
Revenue & Income
Revenue	5.02B	3.55B	2.76B	1.95B	1.19B
Revenue Growth (YoY)	+41.3%	+28.8%	+41.1%	+64.0%	+17.2%
Interest & Investment Income	18.96M	15.59M	9.79M	3.72M	1.64M
Earnings From Equity Investments	37.39M	14.20M	14.07M	2.03M	1.06M
Gain (Loss) on Sale of Assets	11.38M	1.68M	1.96M	0.13M	0.97M
Gain (Loss) on Sale of Investments	-475.00K	—	—	—	—
Expenses & Provisions
Cost of Revenue	3.91B	2.61B	2.00B	1.54B	0.96B
Selling, General & Admin	206.69M	144.20M	149.03M	108.08M	174.96M
Operating Expenses	197.99M	127.64M	142.79M	116.88M	168.13M
Other Operating Expenses	-18.29M	-13.91M	-8.91M	2.92M	-1.27M
Interest Expense	-74.15M	-9.83M	-7.89M	-35.99M	-7.32M
Other Non Operating Income (Expenses)	-11.29M	-5.53M	-4.61M	-0.01M	—
D&A For EBITDA	407.71M	278.28M	228.88M	147.99M	97.75M
Profitability & Returns
Gross Profit	1.11B	0.94B	0.75B	0.42B	0.23B
Gross Margin	+22.1%	+26.5%	+27.3%	+21.3%	+19.0%
EBIT	909.89M	812.91M	609.14M	298.23M	58.44M
EBIT Margin	+18.1%	+22.9%	+22.1%	+15.3%	+4.9%
EBITDA	1.32B	1.09B	0.84B	0.45B	0.16B
EBITDA Margin	+26.3%	+30.7%	+30.4%	+22.9%	+13.1%
EBT Excluding Unusual Items	880.80M	827.34M	620.49M	267.97M	53.82M
Pretax Income	921.63M	829.02M	622.44M	262.14M	54.80M
Operating Income	909.89M	812.91M	609.14M	298.23M	58.44M
Operating Margin	+18.1%	+22.9%	+22.1%	+15.3%	+4.9%
Profit Margin	+16.7%	+21.3%	+22.5%	+13.4%	+4.6%
Net Income	838.54M	756.17M	620.16M	260.79M	54.80M
Net Income to Common	838.54M	756.17M	620.16M	260.79M	54.80M
Net Income Growth	+10.9%	+21.9%	+137.8%	+375.9%	-67.2%
Earnings From Continuing Ops.	862.85M	756.17M	620.16M	260.79M	54.80M
Minority Interest in Earnings	-24.31M	—	—	—	—
Income Tax Expense	58.78M	72.85M	2.28M	1.35M	—
Effective Tax Rate	+6.4%	+8.8%	+0.4%	+0.5%	—
Per Share & Capital
EPS (Basic)	0.11	0.10	0.08	0.26	0.05
EPS (Diluted)	0.11	0.10	0.08	0.26	0.05
EPS Growth	+11.0%	+21.9%	-67.9%	+375.9%	-67.2%
Dividend Per Share	0.03	0.04	0.03	—	—
Shares Change (YoY)	-0	—	6.4	—	—
Shares Outstanding (Basic)	7.39B	7.40B	7.40B	1.00B	1.00B
Shares Outstanding (Diluted)	7.39B	7.40B	7.40B	1.00B	1.00B
Dividend Growth	-10.8%	+40.5%	—	—	—
Free Cash Flow	264.20M	258.01M	48.63M	-140.27M	-262.91M
Free Cash Flow Margin	+5.3%	+7.3%	+1.8%	-7.2%	-22.1%
Free Cash Flow Per Share	0.04	0.04	0.01	-0.14	-0.26
Payout Ratio	+45.3%	+35.2%	+10.5%	—	—
Supplemental
Other Unusual Items	29.92M	—	—	-5.96M	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	5.02B	3.55B	2.76B	1.95B	1.19B
Cost of Revenue	3.91B	2.61B	2.00B	1.54B	0.96B
Gross Profit	1.11B	0.94B	0.75B	0.42B	0.23B
SG&A	206.69M	144.20M	149.03M	108.08M	174.96M
Operating Expenses	197.99M	127.64M	142.79M	116.88M	168.13M
Operating Income	909.89M	812.91M	609.14M	298.23M	58.44M
Interest Income	18.96M	15.59M	9.79M	3.72M	1.64M
Interest Expense	-74.15M	-9.83M	-7.89M	-35.99M	-7.32M
Other Income/Expense	-11.29M	-5.53M	-4.61M	-0.01M	—
Pretax Income	921.63M	829.02M	622.44M	262.14M	54.80M
Income Tax	58.78M	72.85M	2.28M	1.35M	—
Net Income	838.54M	756.17M	620.16M	260.79M	54.80M
EBITDA	1.32B	1.09B	0.84B	0.45B	0.16B
EBIT	909.89M	812.91M	609.14M	298.23M	58.44M
EPS (Basic)	0.11	0.10	0.08	0.26	0.05
EPS (Diluted)	0.11	0.10	0.08	0.26	0.05
DPS	0.03	0.04	0.03	—	—
Margins & Efficiency
Gross Margin %	+22.1%	+26.5%	+27.3%	+21.3%	+19.0%
EBITDA Margin %	+26.3%	+30.7%	+30.4%	+22.9%	+13.1%
Net Margin %	+16.7%	+21.3%	+22.5%	+13.4%	+4.6%
Revenue & Income
Revenue	5.02B	3.55B	2.76B	1.95B	1.19B
Revenue Growth (YoY)	+41.3%	+28.8%	+41.1%	+64.0%	+17.2%
Interest & Investment Income	18.96M	15.59M	9.79M	3.72M	1.64M
Earnings From Equity Investments	37.39M	14.20M	14.07M	2.03M	1.06M
Gain (Loss) on Sale of Assets	11.38M	1.68M	1.96M	0.13M	0.97M
Gain (Loss) on Sale of Investments	-475.00K	—	—	—	—
Expenses & Provisions
Cost of Revenue	3.91B	2.61B	2.00B	1.54B	0.96B
Selling, General & Admin	206.69M	144.20M	149.03M	108.08M	174.96M
Operating Expenses	197.99M	127.64M	142.79M	116.88M	168.13M
Other Operating Expenses	-18.29M	-13.91M	-8.91M	2.92M	-1.27M
Interest Expense	-74.15M	-9.83M	-7.89M	-35.99M	-7.32M
Other Non Operating Income (Expenses)	-11.29M	-5.53M	-4.61M	-0.01M	—
D&A For EBITDA	407.71M	278.28M	228.88M	147.99M	97.75M
Profitability & Returns
Gross Profit	1.11B	0.94B	0.75B	0.42B	0.23B
Gross Margin	+22.1%	+26.5%	+27.3%	+21.3%	+19.0%
EBIT	909.89M	812.91M	609.14M	298.23M	58.44M
EBIT Margin	+18.1%	+22.9%	+22.1%	+15.3%	+4.9%
EBITDA	1.32B	1.09B	0.84B	0.45B	0.16B
EBITDA Margin	+26.3%	+30.7%	+30.4%	+22.9%	+13.1%
EBT Excluding Unusual Items	880.80M	827.34M	620.49M	267.97M	53.82M
Pretax Income	921.63M	829.02M	622.44M	262.14M	54.80M
Operating Income	909.89M	812.91M	609.14M	298.23M	58.44M
Operating Margin	+18.1%	+22.9%	+22.1%	+15.3%	+4.9%
Profit Margin	+16.7%	+21.3%	+22.5%	+13.4%	+4.6%
Net Income	838.54M	756.17M	620.16M	260.79M	54.80M
Net Income to Common	838.54M	756.17M	620.16M	260.79M	54.80M
Net Income Growth	+10.9%	+21.9%	+137.8%	+375.9%	-67.2%
Earnings From Continuing Ops.	862.85M	756.17M	620.16M	260.79M	54.80M
Minority Interest in Earnings	-24.31M	—	—	—	—
Income Tax Expense	58.78M	72.85M	2.28M	1.35M	—
Effective Tax Rate	+6.4%	+8.8%	+0.4%	+0.5%	—
Per Share & Capital
EPS (Basic)	0.11	0.10	0.08	0.26	0.05
EPS (Diluted)	0.11	0.10	0.08	0.26	0.05
EPS Growth	+11.0%	+21.9%	-67.9%	+375.9%	-67.2%
Dividend Per Share	0.03	0.04	0.03	—	—
Shares Change (YoY)	-0	—	6.4	—	—
Shares Outstanding (Basic)	7.39B	7.40B	7.40B	1.00B	1.00B
Shares Outstanding (Diluted)	7.39B	7.40B	7.40B	1.00B	1.00B
Dividend Growth	-10.8%	+40.5%	—	—	—
Free Cash Flow	264.20M	258.01M	48.63M	-140.27M	-262.91M
Free Cash Flow Margin	+5.3%	+7.3%	+1.8%	-7.2%	-22.1%
Free Cash Flow Per Share	0.04	0.04	0.01	-0.14	-0.26
Payout Ratio	+45.3%	+35.2%	+10.5%	—	—
Supplemental
Other Unusual Items	29.92M	—	—	-5.96M	—