Recent Research

• 

  FIRST LOOK NOTES

  02 Mar 2026

  Abu Dhabi Ports

  BUY

  Last Closing Price

  4.75

  Target Price

  7.35

  Upside (%)

  +54.74%

  UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 4Q25 - First Look Note

  ADPORTS expects global container volumes to grow by 3-5% in 2026, with bulk and commodity segments projected to expand at a slightly faster pace.

  Download
• 

  EARNINGS CALL INSIGHT

  17 Feb 2026

  Abu Dhabi Ports

  BUY

  Last Closing Price

  5.20

  Target Price

  7.00

  Upside (%)

  +34.62%

  UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 4Q25 - Earnings Call Insight

  ADPORTS total revenue increased 30.4% YOY to AED 5,946 Mn in 4Q25, owing to solid growth across the Ports, EC&FZ and Maritime & Shipping clusters partially offset by decline in revenue from Logistics segment in 4Q25. On a like-for-like (LFL basis), excluding the impact of M&A contribution, ADPORTS revenue grew 13% YOY in 2025.

  Download
• 

  FIRST LOOK NOTES

  20 Nov 2025

  Abu Dhabi Ports

  BUY

  Last Closing Price

  4.51

  Target Price

  7.00

  Upside (%)

  +55.21%

  UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 3Q25 - First Look Note

  ADPORTS simplified its structure by shifting its Digital cluster to a federated model, streamlined into four clusters, which include Ports, EC&FZ, Maritime & Shipping and Logistics during 3Q25. The Company plans to continue selling stabilized warehouse assets and reinvesting the proceeds into new developments.

  Download
• 

  EARNINGS CALL INSIGHT

  18 Nov 2025

  Abu Dhabi Ports

  BUY

  Last Closing Price

  4.50

  Target Price

  7.00

  Upside (%)

  +55.56%

  UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 3Q25 - Earnings Call Insight

  ADPORTS revenue increased 15.7% YOY to AED 5,388 Mn in 3Q25, owing to solid growth across the Ports, EC&FZ and Maritime & Shipping clusters. On a like-for-like (LFL basis), excluding the impact of M&A contribution, ADPORTS revenue grew 10% YOY in 3Q25.

  Download
• 

  FIRST LOOK NOTES

  15 Aug 2025

  Abu Dhabi Ports

  BUY

  Last Closing Price

  4.30

  Target Price

  7.00

  Upside (%)

  +62.79%

  UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 2Q25 - First Look Note

  ADPORTS advanced two spots to rank as the 19th largest global port operator and is projected to reach 18th by end-2025. ADPORTS's total debt grew from AED 18.0 Bn in 1Q25 to AED 18.6 Bn in 2Q25. The Capex declined 21% YOY to AED 928 Mn in 2Q25, bringing the YTD spend to AED 1.9 Bn in 1H25, with c. half of YTD 2025 capex invested in infrastructure.

  Download
• 

  EARNINGS CALL INSIGHT

  14 Aug 2025

  Abu Dhabi Ports

  BUY

  Last Closing Price

  4.20

  Target Price

  7.00

  Upside (%)

  +66.67%

  UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 2Q25 - Earnings Call Insight

  ADPORTS revenue increased 15.4% YOY to AED 4,826 Mn in 2Q25, primarily driven by robust double-digit growth across the Ports, Digital, EC&FZ and Maritime & Shipping clusters. On an LFL basis, excluding the impact of M&A contribution, ADPORTS revenue grew 10% YOY in 2Q25.

  Download

Load more reports