Added two retail stores with a total store count of 256 stores in 2Q25. Also added 9k square meter (SQM) of selling area with a total selling area of 1.35 Mn SQM. Revenue grew 4.6% YOY to USD 2,017 Mn in 2Q25, primarily supported by growth in LFL sales, strong e-commerce performance, robust demand for fresh food and electrical goods, private label contribution, and new store openings.

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.

Maintains debt-free balance sheet with healthy cash balance of AED 2.0 Bn during 2Q25, providing financial support for future organic and inorganic growth. Revenue backlog stood at AED 3.7 Bn in 2Q25 compared to 3.9 Bn in 1Q25.

Net funded income grew 9.3% YOY to AED 95 Mn in 2Q25, while the NIMs marginally grew 10 bps YOY and fell 3 bps QOQ to 2.1% in 2Q25. Total assets grew 3.0% YOY and remained flat on QOQ basis to AED 20.6 Bn in 2Q25, while the Customer deposits grew 6.7% YOY, but declined marginally 1.0% QOQ to AED 15.2 Bn in 2Q25.

Revenue grew 8.3% YOY to USD 1,200 Mn in 2Q25 driven by healthy growth across all segments except Other Activities. Retail fuel margins are expected to improve in 2026 with efficiency gains and network growth, while the maritime segment continues to face headwinds but retains long-term potential.

The Company’s gross margins declined from 23.1% in 2Q24 to 22.0% in 2Q25, driven by a change in product mix and increased direct costs. Free cash flow grew significantly from AED 2 Mn in 2Q24 to AED 19 Mn in 2Q25, mainly attributable to lower lease payments.