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Annual Report

Explore our Integrated Annual Report & Accounts 2023

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Leading Global Trade

AD Ports Group is driving global trade through an integrated ecosystem of world-class ports, economic cities and free zones, logistics, maritime and digital services.

AD Ports Group delivered remarkable financial and operational results with record revenue, driven by strategic investments that have positioned the Group at the forefront of innovation and growth.

Explore more in the AD Ports Group 2023 Annual Report below.

Captain Mohamed Juma Al Shamisi - Managing Director & AD Ports Group CEO

2023 was one of the most dynamic periods of growth in the history of AD Ports Group. We expanded our maritime, shipping and ports footprint into Jordan, Egypt, Pakistan, the Republic of the Congo, Uzbekistan, and Kazakhstan, and in addition we transformed our logistics business by acquiring Spain-based Noatum, an integrated provider active in 27 countries and a leader in serving the automotive sector in Europe.

Captain Mohamed Juma Al Shamisi Managing Director and Group CEO, AD Ports Group
AD Port Group

Through prudent financial management and strategic capital allocation, we have ensured that AD Ports Group remains resilient in the face of global economic fluctuations. Our latest financial results reflect our rigorous focus on synergistic growth, cost optimisation and revenue diversification. By maintaining a solid balance sheet and prudent investment principles, we continue positioning AD Ports Group for creating sustainable growth and long-term shareholder value.

Martin Aarup Group Chief Financial Officer, AD Ports Group
Mr. Ross Thompson

The cornerstone of our growth strategy lies in identifying and capitalising on emerging opportunities that align with our core competencies. Our recent expansions and partnerships and resulting strong financial results, are a direct reflection of this forward-thinking approach, aimed at accelerating our entry into new markets and segments. By staying ahead of industry trends and adapting swiftly to the dynamic needs of our stakeholders, AD Ports Group is not just growing; we are shaping the future of the maritime and logistics industries.

Ross Thompson Group Chief Strategy and Growth Officer, AD Ports Group

Financial Highlights 2023

After a successful year that included the integration of Spain-based Noatum, a global logistics platform with a presence in 27 countries, AD Ports Group further expanded its global footprint and service offering, in addition to signing significant strategic agreements aimed at enhancing global trade connectivity.

The Group reported strong operational and record financial performance, with revenue growth of 112% year-on-year to AED 11.7 billion.

READ OUR PRESS RELEASE

AED 11.7 billion

+112%
Revenue

AED 2.7 billion

+23%
EBITDA

AED 1.4 billion

+6%
Net profit

AED 55.6 billion

+65.9%
Total Assets

Investor Relations

We, at AD Ports Group are committed to maximising shareholder value as we leverage our unique business ecosystem to bring about one of the world’s leading integrated ports and logistics trade hubs, driven to set the standard for excellence at the forefront of a changing industry.

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