UAE Equity Research - ADNOC Logistics and Services PLC (ADNOCLS) 3Q25 - Earnings Call Insight
Revenue rose 36.3% YOY to USD 1,266 Mn in 3Q25, attributed to strong growth across all segments. Revenue from Integrated Logistics grew 8.7% YOY to USD 662 Mn in 3Q25, due to growth of higher Jack-Up Barges (JUB) utilization and earnings from three new strategic acquisitions of JUBs,