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AD Ports Group Delivers an Impressive 56% YoY Increase in EBITDA and 42% Growth in Total Net Profit in Q2 2024
Powerful top-down story driven by Abu Dhabi’s economic diversification and industrial strategy
Triple-play growth: Operational ramp-up of existing assets, AED 15 billion organic CapEx programme for next five years, and M&A activity
Stable and highly predictable revenue derived from unique business model of long-term partnerships and agreements across our five clusters
Robust Balance Sheet with well-managed debt maturity
Investment in digitalisation and automation to unlock further value
Highly experienced and established management team
As we continue along this exciting journey, we remain inspired and guided by our wise leaders’ vision of a future marked by global connectivity, sustainability and innovative thinking to guide us through the current geopolitical headwinds.
The Group recorded EBITDA of AED 1.07 billion in Q2 2024, up 56% year-on-year, and 8% on a like-for-like basis excl. the base effect of M&A. As our group expands and grows more international, we are committed to steering AD Ports Group profitably through macroeconomic turbulence whilst leveraging future growth opportunities as they arise.
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