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AD Ports reports revenue gains from Red Sea crisis

By Pramod Kumar
AD Ports' portfolio comprises 34 terminals, operates in 50 countries and has more than 550 sq km of economic zones within Kezad free zone Wam
AD Ports' portfolio comprises 34 terminals, operates in 50 countries and has more than 550 sq km of economic zones within Kezad free zone

Abu Dhabi-listed AD Ports Group said first-quarter 2025 revenue jumped as Red Sea disruptions positively impacted its container shipping business.

The top line was up 18 percent year on year to AED4.6 billion ($1.3 billion), supported by revenues from ports, economic cities and free zones, as well as maritime and shipping clusters, the company said in a statement to the Abu Dhabi securities Exchange (ADX) on Friday.

Net profit increased 16 percent annually to AED464 million. Capital expenditure for the quarter reached AED954 million.

Danish shipping major Maersk said on Thursday it expects disruption in the Red Sea to persist through 2025.

AD Ports’ portfolio comprises 34 terminals, operates in 50 countries and has more than 550 square kilometres of economic zones within Kezad free zone in Abu Dhabi.

Earlier this month, the company and an Egyptian government-backed economic zone operator signed a 50-year deal to develop and operate a 20 square kilometre logistics park near Port Said on the Mediterranean.

The company’s share closed 0.3 percent lower at AED3.95 on Thursday.

AD Ports has a free float of nearly 25 percent, while ADQ, the sovereign wealth fund, owns a 75 percent stake.

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