.jpg?20250512')
AD Ports Group has announced an impressive double-digit growth in the first quarter of 2025, from top-line to bottom-line, driven by the Ports, Economic Cities and Free Zones (EC&FZ), and Maritime and Shipping clusters.
In Q1, AD Ports Group recorded revenue of 4.60 billion dirhams ($1.23bn), marking an 18 per cent year-on-year increase, driven by strong performance in Ports, Economic Cities and Free Zones, and Maritime and Shipping clusters.
Group EBITDA amounted to 1.14bn dirhams in Q1 2025, translating into a 9pc YoY growth, driven by a 17pc YoY increase in Ports, 10pc YoY in Maritime and Shipping, and 7pc YoY in Economic Cities and Free Zones (Group EBITDA Margin stood at 24.7pc in Q1 2025).
Total net profit soared 16pc YoY to 464 million dirhams, mainly driven by the operating performance. Earnings Per Share (EPS) for the quarter stood at 0.07 dirham, implying a 14pc YoY increase.
Capital expenditures (CapEx) for the first quarter of the year reached 954m dirhams, with majority of cash outlays going into Economic Cities and Free Zones, Ports (including 182m dirhams going into new and renewal of ports concessions), and Maritime and Shipping assets. Capex intensity continued to decline, reaching 21pc of Group revenue in Q1 2025, against 33pc in Q1 2024.
Operating Cash Flow, which amounted to 725m dirhams in Q1 2025 compared with 781m dirhams in the same period in 2024, was primarily impacted by the timing of collections, and thus unfavourable working capital changes.
&uuid=(email))