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Update: Adnoc Logistics & Services Posts Higher Q1 Profit; Revenue Declines

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(Updates to add dividend information)

ADNOC Logistics & Services (ADX:ADNOCLS) said Thursday that attributable profit for the first quarter increased, while revenue decreased year over year.

Profit attributable to equity holders for the three months ended March 31 was $202.7 million, compared with $180.5 million earlier. EPS moved to $0.03 from $0.02.

The Abu Dhabi-listed energy maritime logistics company's revenue was $1.08 billion, compared with $1.18 billion a year ago.

Meanwhile, the board resolved to distribute a dividend of 0.0423 dirham per share for the quarter, payable within 30 days from May 13 to shareholders as of May 21.

The group raised its guidance for full-year 2026 and now expects mid-to-high-teen growth in net profit and a low-to-mid single-digit decline in revenue, compared with earlier projections for low-to-mid single-digit improvement in net profit and a mid-single-digit dip in revenue.

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Adnoc Logistics & Services Posts Higher Q1 Profit; Revenue Declines

ADNOC Logistics & Services (ADX:ADNOCLS) said Thursday that attributable profit for the first quarter increased, while revenue decreased year over year.Profit attributable to equity holders for the three months ended March 31 was $202.7 million, compared with $180.5 million earlier. EPS moved to $0.03 from $0.02.The Abu Dhabi-listed energy maritime logistics company's revenue was $1.08 billion, compared with $1.18 billion a year ago.The group raised its guidance for full-year 2026 and now expects mid-to-high-teen growth in net profit and a low-to-mid single-digit decline in revenue, compared with earlier projections for low-to-mid single-digit improvement in net profit and a mid-single-digit dip in revenue.

$ADX:ADNOCLS