ADNOC Logistics & Services

ADNOCLS ADX Industrials Shariah compliance: iStatus follows DFM's quarterly Shari'a compliant list (Q1 2026), screened under criteria approved by the DFM Fatwa & Shari'a Supervisory Board. Classification may change each quarter.
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Price (AED)6.86 +0.29%Close · 2 Nov 2026

Market Cap50.75B

Enterprise Value52.76B iRoughly what it would cost to buy the whole company.How it is worked out: the value of its shares (market cap) + its debt − the cash it holds.Why it matters: two companies can have the same share value but very different debt and cash. Enterprise value shows the full picture, so you can compare them fairly.Versus market cap: 1.04×, so it has more debt than cash.For this company: 50.75B + 2.94B debt + 1.06B minority interest − 1.99B cash = 52.76B (Q2 2026)Calculated · Q2 2026

P/E16.48

P/B2.77

Dividend Yield–

ROE16.83%

Volume: 5.35M0.70x 30-day average
Avg volume (30D): 7.63M

About the company

ADNOC Logistics & Services plc is the shipping and maritime logistics arm of the ADNOC group, registered in Abu Dhabi Global Market and listed on the Abu Dhabi Securities Exchange in June 2023. It runs three segments: integrated logistics (offshore support vessels, jack-up barges, base and onshore services, EPC projects and petroleum port operations), shipping (crude, product and gas tankers, LNG carriers and dry bulk) and services (ship management, bunkering and other marine services). It acquired 80% of the tanker group Navig8 in January 2025, with the remaining 20% due in 2027. XRG, ADNOC’s international investment company, holds 78% of the shares.

Industry: Industrials

adnocls.ae ↗

Prices from DFM: 1D and 5D from snapshots every 5 minutes during the session, longer ranges from daily closes. Hover to read a price, click and drag to measure the change between two points.

Year-end price history

Income Statement

Values in US dollars (USD) · click any row to chart the metric, click again to collapse

	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Revenue	840.3M	899.3M	928.4M	881.3M	1.2B	1.3B	1.3B	1.3B	1.1B	2.6B
Cost of Revenue	-600.0M	-641.1M	-705.3M	-662.5M	-952.2M	-948.5M	-987.9M	-1.0B	-802.0M	-1.5B
Gross Profit	240.3M	258.3M	223.1M	218.9M	229.2M	309.0M	277.7M	292.0M	280.7M	1.1B
Other Operating Income	3.9M	1.5M	9.0M	5.4M	28.5M	5.2M	2.8M	13.9M	39.1M	-4.6M
Other Operating Expenses	756,000.00	-1.1M	-4.0M	2.6M	-1.7M	-1.3M	-2.7M	-3.9M	-39.8M	-36.3M
Selling, General & Admin	-35.3M	-32.6M	-37.2M	-36.5M	-56.1M	-50.2M	-43.3M	-55.3M	-53.8M	-79.2M
Depreciation & Amortization	72.3M	76.3M	81.5M	87.2M	126.8M	129.9M	133.3M	134.8M	128.2M	134.0M
Operating Income	209.7M	226.2M	190.9M	190.5M	199.9M	262.6M	234.5M	246.7M	226.1M	948.1M
EBITDA	282.0M	302.5M	272.4M	277.6M	326.8M	392.6M	367.8M	381.5M	354.3M	1.1B
Finance Income	4.1M	4.1M	3.8M	3.6M	5.6M	4.7M	5.4M	3.3M	2.5M	3.3M
Finance Costs	-4.1M	-4.1M	-6.3M	-3.6M	-26.2M	-24.1M	-22.3M	-14.5M	-9.7M	-8.9M
Other Income, Net	–	–	–	–	8.7M	–	–	–	–	–
Share of Associates & JVs	3.6M	3.4M	3.0M	4.3M	8.2M	7.7M	11.6M	9.9M	14.1M	24.4M
Pre-Tax Income	213.3M	229.5M	191.4M	194.7M	196.2M	250.9M	229.1M	245.5M	233.0M	966.9M
Income Tax Expense	-19.6M	-21.9M	-16.5M	-14.9M	-11.6M	-15.1M	-18.5M	-13.5M	-10.8M	-16.2M
Net Income	193.7M	207.7M	175.0M	179.8M	184.5M	235.8M	210.5M	231.9M	222.2M	950.7M
Net Income (Owners of Parent)	193.7M	207.7M	175.0M	179.8M	180.5M	228.8M	205.4M	223.8M	202.7M	917.0M
Non-Controlling Interests	–	–	–	–	4.0M	7.1M	5.1M	8.1M	19.5M	33.7M
EPS (USD)	0.03	0.03	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.12

Balance Sheet

Values in US dollars (USD) · click any row to chart the metric, click again to collapse

	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Cash & Equivalents	215.7M	348.0M	340.9M	219.9M	198.9M	535.3M	498.9M	283.7M	337.8M	695.3M	542.7M
Trade & Other Receivables	1.1B	1.2B	1.2B	1.3B	1.3B	1.6B	1.7B	1.6B	1.5B	1.4B	1.9B
Other Assets & Prepayments	40.0M	65.1M	83.8M	265.4M	229.9M	256.3M	235.9M	238.3M	137.6M	128.1M	166.0M
Inventory	120.7M	122.0M	132.4M	135.0M	132.7M	125.3M	145.5M	149.2M	137.1M	139.9M	180.5M
Other Financial Assets	48.6M	43.7M	38.3M	33.8M	29.2M	24.1M	18.6M	18.2M	15.8M	20.5M	15.3M
Investments in Associates & JVs	76.7M	80.3M	95.6M	244.9M	267.8M	476.6M	488.2M	536.6M	577.8M	493.1M	522.8M
Property, Plant & Equipment	3.8B	3.9B	4.0B	4.2B	4.5B	6.2B	6.4B	6.4B	6.9B	7.0B	7.0B
Investment Properties	95.3M	94.2M	92.7M	91.6M	92.5M	91.6M	90.9M	89.8M	89.2M	87.8M	87.2M
Right-of-Use Assets	148.1M	158.8M	153.0M	152.9M	161.7M	294.0M	271.3M	251.3M	225.3M	215.9M	242.9M
Intangible Assets	62.8M	61.8M	60.2M	59.0M	62.4M	84.1M	80.9M	74.7M	70.8M	68.2M	67.6M
Current Assets	1.5B	1.7B	1.7B	1.7B	1.6B	2.3B	2.3B	2.0B	2.0B	2.3B	2.7B
Total Assets	5.7B	6.1B	6.2B	6.6B	7.0B	9.7B	9.9B	9.7B	10.0B	10.3B	10.8B
Trade & Other Payables	980.0M	1.1B	1.1B	1.2B	1.2B	1.7B	1.5B	1.3B	1.3B	1.4B	1.4B
Income Tax Payable	–	–	39.9M	51.6M	65.4M	74.7M	88.0M	42.2M	54.3M	64.6M	73.4M
Deferred Tax Liabilities	35.7M	35.5M	35.3M	35.0M	34.8M	34.6M	34.4M	34.1M	33.9M	33.7M	33.4M
Loans & Borrowings	100.0M	100.0M	100.0M	250.0M	550.0M	1.4B	1.5B	1.2B	808.7M	902.8M	556.4M
Lease Liabilities	189.6M	194.3M	186.1M	183.1M	189.3M	279.5M	259.0M	244.9M	223.2M	212.4M	243.6M
End-of-Service Benefits	32.6M	34.8M	35.4M	38.8M	39.5M	40.1M	41.2M	36.7M	38.8M	38.8M	39.7M
Other Liabilities	1.9M	1.9M	1.9M	2.0M	2.0M	292.2M	295.0M	297.9M	300.8M	318.4M	306.5M
Current Liabilities	1.0B	1.1B	1.2B	1.3B	1.4B	2.5B	2.5B	2.2B	1.9B	1.6B	1.8B
Total Debt	289.6M	294.3M	286.1M	433.1M	739.3M	1.6B	1.8B	1.4B	1.0B	1.1B	800.0M
Total Liabilities	1.3B	1.5B	1.5B	1.8B	2.1B	3.8B	3.7B	3.1B	2.7B	3.0B	2.7B
Share Capital	4.0B	4.0B	4.0B	4.0B	4.0B	4.0B	4.0B	4.0B	4.0B	4.0B	4.0B
Tier 1 Capital Notes	–	–	–	–	–	1.1B	1.1B	1.3B	2.0B	2.0B	2.0B
Reserves	–	–	–	–	–	-287.5M	-289.2M	-304.1M	-307.4M	-311.0M	-308.6M
Retained Earnings	410.8M	604.5M	682.2M	856.0M	899.4M	935.6M	1.1B	1.3B	1.3B	1.4B	2.2B
Equity (Owners of Parent)	4.4B	4.6B	4.7B	4.9B	4.9B	4.6B	4.9B	5.0B	5.0B	5.1B	5.9B
Non-Controlling Interests	–	–	–	–	–	256.0M	263.1M	256.4M	264.5M	272.1M	289.2M
Total Equity	4.4B	4.6B	4.7B	4.9B	4.9B	6.0B	6.2B	6.6B	7.2B	7.3B	8.2B

Cash Flow

Values in US dollars (USD) · click any row to chart the metric, click again to collapse

	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Operating Cash Flow	305.0M	272.1M	192.3M	299.5M	264.8M	346.1M	312.9M	447.0M	395.0M	769.3M
Income Tax Paid	-489,000.00	-353,000.00	-5.0M	-1.4M	-2.5M	-2.1M	-64.5M	-1.7M	-668,000.00	-7.6M
Investing Cash Flow	-154.8M	-134.9M	-444.3M	-467.1M	-895.2M	-285.1M	-305.7M	-452.0M	-177.0M	-329.7M
Capital Expenditure	-158.4M	-127.4M	-301.8M	-453.1M	-98.9M	-289.6M	-312.3M	-431.6M	-278.4M	-328.6M
Financing Cash Flow	-18.0M	-144.3M	131.0M	146.6M	966.8M	-97.4M	-222.3M	59.0M	139.5M	-592.3M
Proceeds from Borrowings	–	–	150.0M	300.0M	1.3B	125.0M	83.0M	175.0M	350.0M	225.0M
Repayment of Borrowings	–	–	–	–	-1.3B	-15.8M	-424.9M	-516.2M	-256.2M	-606.1M
Lease Payments	-16.4M	-14.3M	-15.1M	-16.9M	-37.8M	-32.0M	-27.4M	-25.0M	-27.7M	-23.7M
Finance Costs Paid	-1.6M	–	-3.8M	–	-29.7M	-19.8M	-30.3M	-3.4M	-9.4M	-1.3M
Dividends Paid	–	-130.0M	–	-136.5M	–	-136.5M	–	-243.8M	–	-166.6M
Free Cash Flow	146.6M	144.7M	-109.6M	-153.6M	165.9M	56.4M	564,000.00	15.4M	116.7M	440.7M

Market Information

2026-08-11 Q2 2026 Financial Results PDF ↓
2026-05-14 Q1 2026 Financial Results PDF ↓
2026-02-11 FY 2025 Financial Results PDF ↓
2025-11-11 Q3 2025 Financial Results PDF ↓
2025-08-12 Q2 2025 Financial Results PDF ↓
2025-05-12 Q1 2025 Financial Results PDF ↓
2025-02-12 FY 2024 Financial Results PDF ↓
2024-11-13 Q3 2024 Financial Results PDF ↓
2024-08-07 Q2 2024 Financial Results PDF ↓
2024-05-08 Q1 2024 Financial Results PDF ↓
2024-02-16 FY 2023 Financial Results PDF ↓

ADNOC Logistics & Services

About the company

Year-end price history

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