AD Ports Group Q3 Profit Surges 64% Despite Gulf Shipping Disruptions

Ports operator reports record quarterly revenue of $2.18 billion and net profit of $265 million, as alternative trade routes, expanding international operations and stronger shipping and logistics businesses offset declining UAE cargo volumes. AD Ports Group reported record financial results for the third quarter of 2026, with revenue increasing 48% year-over-year to $2.18 billion and net profit climbing 64% to $265 million, despite significant disruptions to maritime trade in the Arabian Gulf. The Abu Dhabi-based ports, shipping and logistics group said its performance reflected the benefits of a diversified business model, expanded international operations and measures implemented to maintain cargo flows amid ongoing geopolitical tensions and disruptions to shipping through the Strait of Hormuz. Group EBITDA increased 63% to $536 million, with the EBITDA margin improving to 24.6%, compared with 22.3% in the corresponding quarter of 2025. The results were particularly notable given the substantial decline in cargo volumes handled at the group's UAE ports, where regional shipping disruptions continued to affect vessel traffic and terminal operations. Ports Recover from Second-Quarter Lows AD Ports Group's Ports Cluster generated third-quarter revenue of $217 million, an increase of 12% year-over-year, while EBITDA rose 8% to $106 million. The cluster maintained a strong EBITDA margin of 48.7%. However, underlying cargo volumes reflected the continued impact of regional instability. UAE container throughput totaled 751,000 TEUs, down 57% from the corresponding quarter in 2025. Despite that steep annual decline, container volumes rebounded more than 30% compared with the second quarter of 2026. Bulk and general cargo volumes followed a similar pattern, falling 54% year-over-year to…

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