ADNOC Logistics & Services plc (ADNOCLS)

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News

12 February 2025 05:38 PM ADNOC L&S registers $756m profits in 2024; revenues hike 29%

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) generated 22% year-on-year (YoY) higher net profits at $756 million in 2024, compared to $620 million. The revenues increased by 29% to $3.54 billion last year from $2.75 billion in …

Financial Results

8 January 2025 05:20 PM ADNOC L&S’ earnings expected to hike following $1bn stake acquisition in Navig8

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has acquired an 80% stake in Navig8 TopCo Holdings for $1.04 billion (AED 3.80 billion), according to a press release. The UAE-based group has committed to own the remaining 20% in …

Companies Investments

22 December 2024 05:32 PM ADNOC L&S boosts regional expansion via 20 offshore assets in 2024

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has expanded its integrated logistics business segment in 2024 after acquiring 20 offshore assets and securing 19 jack-up barge (JUB) deployments, according to a press release. The …

Global Economy

25 November 2024 01:34 PM ADNOC Logistics receives 1st new-build LNG carrier from China

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) welcomed Al Shelila, the first of six new-build liquified natural gas (LNG) carriers from Jiangnan Shipyard in China. The vessel has been delivered two months ahead of schedule, …

Companies Investments

14 November 2024 09:00 AM ADNOC L&S registers 27% higher profits in 9M-24

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) posted 27% higher net profits at $576.35 million in the first nine months (9M) of 2024, compared to $454.99 million in 9M-23. The revenues amounted to $2.66 billion as of 30 September …

Financial Results

13 October 2024 03:43 PM ADNOC L&S unveils $250m project award with China

Abu Dhabi – Mubasher: AW Shipping, a joint venture (JV) with Wanhua Chemical Group and ADNOC Logistics & Services (ADNOC L&S), has awarded contracts worth $250 million (AED 918 million) to China’s Jiangnan Shipyard for two additional Very Large …

Companies Investments

8 October 2024 01:04 PM ADNOC L&S to pay $136.5m cash dividends for H1-24

Abu Dhabi – Mubasher: The board of ADNOC Logistics & Services (ADNOC L&S) approved the distribution of a cash dividend of $136.5 million (AED 501.30 million) for the first half (H1) of 2024. ADNOC L&S will disburse a dividend of 6.78 fils per …

Cash Dividends

7 August 2024 10:50 AM ADNOC L&S posts $401m profits in H1-24; revenues leap 42%

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) generated net profits valued at $401 million in the first half (H1) of 2024, higher by 31% than $307 million in H1-23. The revenues hiked by 42% year-on-year (YoY) to $1.74 billion in …

Financial Results

23 July 2024 00:49 PM ADNOC L&S’ JV awards $1.9bn shipbuilding contracts to China’s Jiangnan Shipyard

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S), a global energy maritime logistics company, has announced that its joint venture (JV) with Wanhua Chemical Group, AW Shipping, has awarded shipbuilding contracts to Jiangnan Shipyard in …

Companies Investments

1 July 2024 01:12 PM ADNOC L&S awards up to $2.5bn shipbuilding contracts

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has awarded South Korean shipyards Samsung Heavy Industries and Hanwha Ocean up to $2.50 billion (AED 9.20 billion) shipbuilding contracts. The deals cover the construction of new …

Companies Investments

3 June 2024 09:26 AM ADNOC L&S fuels global expansion plans via new acquisition

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) penned a deal to acquire Navig8 TopCo Holdings Incorporation to boost its global expansion strategy, according to a press release. ADNOC L&S will acquire an 80% stake in Navig8 for $1.04 …

Mergers and Acquisitions

8 May 2024 10:28 AM ADNOC L&S logs 34% YoY profit hike in Q1-24

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) reported a 34% year-on-year (YoY) leap in net profit to $194 million (AED 712 million) in the first quarter (Q1) of 2024 from $145 million (AED 533 million). Revenues soared 42% YoY to …

Financial Results

30 April 2024 03:10 PM ADNOC L&S to disburse $130m final dividends for 2023

Abu Dhabi – Mubasher: The shareholders of ADNOC Logistics & Services (ADNOC L&S) approved the final 2023 dividend of $130 million (AED 477 million), equivalent to 6.45 fils per share. The cash dividend will be paid to shareholders who own ADNOC …

Cash Dividends

15 February 2024 01:45 PM ADNOC L&S records 138% higher profits in 2023; dividends unveiled

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) registered $620.15 million in net profit during 2023, marking an annual surge of 138% from $260.79 million. The revenues hiked by 41% to $2.75 billion as of 31 December 2023 from $1.95 …

Financial Results

13 November 2023 02:58 PM ADNOC L&S registers $454m profits in 9M-23; revenues jump 49%

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) generated net profits valued at $454.99 million in the first nine months (9M) of 2023, an annual surge of 162% from $173.35 million. Revenues increased by 49% to $1.92 billion as of 30 …

Financial Results

10 October 2023 11:37 AM ADNOC L&S to pay $65m cash dividends for Q2-23

Abu Dhabi – Mubasher: The board of ADNOC Logistics & Services (ADNOC L&S) greenlighted an interim cash dividend of $65 million (AED 239 million) for the second quarter (Q2) of 2023, according to a press release. The ADX-listed company will pay out …

Cash Dividends

23 August 2023 09:39 AM ADNOC L&S secures delivery of 3rd large crude carrier

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has taken the delivery of the Arzanah vessel, which is the third of four dual-fuel engine very large crude carriers (VLCCs) this year. Two VLCCs were delivered in June and July, while …

Companies Investments

7 August 2023 10:30 AM ADNOC L&S posts 327% leap in H1-23 net profits

Abu Dhabi – Mubasher: The net profits of ADNOC Logistics & Services (ADNOC L&S) hit $307 million during the first half (H1) of 2023, up 327% year-on-year (YoY) from $72 million. The revenues surged by 62% to $1.22 billion in January-June 2023 from …

Financial Results

17 July 2023 11:37 AM ADNOC L&S takes delivery of 2nd LNG dual-fuel VLCC

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has secured a new build very large crude carrier (VLCC) Habshan in line with its growth strategy, according to a press release. This marks the second vessel of four dual-fuel engine …

Companies Investments

8 June 2023 01:47 PM ADNOC L&S secures 1st major project award after ADX listing

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has been awarded an artificial island ‘G’ construction contract by ADNOC Offshore at a value of $975 million, according to a press release. This marks the company’s first major award …

Companies Investments

4 June 2023 00:32 PM NMDC unveils project deal, investment with ANDOC L&S

Abu Dhabi – Mubasher: National Petroleum Construction Company, a wholly-owned unit of National Marine Dredging Company (NMDC), was awarded a $162.31 million contract by Abu Dhabi National Oil Company (ADNOC). The deal covers the engineering, …

Companies Investments

31 May 2023 00:00 PM ADNOC L&S registers $145m net profits in Q1-23

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S), the maritime logistics arm of ADNOC Group, posted net profits after tax amounting to $144.92 million in the first quarter (Q1) of 2023. The generated net profits were higher than $16.23 …

Financial Results