AD Ports Group Reports Record Revenue And Profit Growth In 2024

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AD Ports Group (ADPORTS:ADX), a global leader in trade, transport, logistics, and industry, reported record-breaking revenue and profit growth in its 2024 Annual Report. The Group’s strategic acquisitions, international expansion, and operational efficiencies were key drivers of its success.

  • Revenue: AED 17.29 billion (up 48% from 2023)

  • EBITDA: AED 4.51 billion (up 69% from 2023)

  • Revenue growth since 2020: Five-fold increase

  • EBITDA growth since 2020: Nearly three-fold increase

Strategic Acquisitions and Expansion

AD Ports Group consolidated two major acquisitions in 2024:

  1. Noatum: A global logistics company.

  2. Global Feeder Shipping (GFS): A Dubai-based container feeder shipping company.

Additionally, the Group secured multipurpose terminal concessions and intermodal facilities in:

  • Egypt

  • Pakistan

  • Angola

  • Tanzania

  • Georgia

These acquisitions and expansions reinforced the Group’s “intelligent internationalisation” strategy, strengthening Abu Dhabi’s position as a global trade and industrial hub.

Key Achievements and Developments

  • CMA Terminals Khalifa Port Inauguration: In December 2024, AD Ports Group and CMA CGM Group launched an AED 3.1 billion (USD 845 million) container terminal, expanding Khalifa Port’s capacity by 23%.

  • Khalifa Port’s Global Recognition: Ranked 19th among the world’s largest container ports (Drewry International).

  • Business Reorganization: Introduction of three core brands:

    • Noatum Ports

    • Noatum Maritime

    • Noatum Logistics

The Group also received prestigious international awards for:

  • Financial strength and performance

  • Investor relations

  • Workplace environment

  • Environmental, Social, and Governance (ESG) initiatives

Market Trends and Outlook

  • 2024 Market Growth:

    • Global seaborne trade volumes increased by 2.2% (Clarkson’s Research).

    • Container shipping rates rose due to Red Sea disruptions.

    • General cargo volumes grew by 40% YoY, supported by the Karachi Bulk Terminal.

  • 2025 Outlook:

    • UAE GDP growth expected at 4-5% due to higher oil production and FDI expansion.

    • New UAE bilateral trade deals expected to sustain demand.

Strategic Direction and Future Growth

AD Ports Group is focusing on inorganic expansion by acquiring complementary logistics, maritime, and port assets. Investments primarily support:

  • Enhanced customer relationships

  • Strengthened trade routes and connectivity

  • Expansion of logistics infrastructure

Most investments remain anchored in Abu Dhabi, leveraging the Emirate’s position as a global trade hub. The integration of Noatum and GFS is expected to drive further efficiencies, cost savings, and expanded market reach.

2024 was a landmark year for AD Ports Group, marked by record financial performance, strategic global expansions, and strong market positioning. With a multimodal global connectivity approach spanning sea, road, and rail, the Group is well-positioned for continued growth and expansion in 2025 and beyond.

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Source: AD Ports Group