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.