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ADNOC Logistics & Services said in a statement that it achieved a record net profit of $951 million in the second quarter, reflecting substantial improvement over earlier quarters. The Abu Dhabi-based provider of maritime and energy logistics services attributed the performance to higher activity levels across its core operations and contributions from recent fleet expansions. The company, which supports ADNOC Group activities as well as third-party clients, noted that the results underscore the benefits of its strategic initiatives in a growing sector.
According to an earlier earnings release from the company, ADNOC L&S posted net profit of $222 million in the first quarter of 2026, a 20 percent increase from the same period a year earlier, with EBITDA rising 7 percent to $368 million. The firm subsequently raised its full-year 2026 guidance, now projecting net profit growth in the high-60 percent range compared with an earlier forecast of mid-to-high teens growth. This revision incorporates actual performance through April and an improved outlook on shipping market fundamentals, the company stated.
ADNOC L&S operates a diversified fleet that includes vessels for shipping, offshore support and integrated logistics, positioning it as a key player in the UAE energy supply chain. The company said its balance sheet remains healthy with capacity to fund further accretive opportunities in line with its long-term growth plan. Industry data from sources such as the International Energy Agency indicate sustained demand for such logistics services amid rising global energy trade volumes.
A Gulf News report on the guidance upgrade highlighted stronger second-quarter performance as the main driver behind the revised expectations for the full year. The company has expanded its LNG carrier fleet through strategic investments expected to support long-term contracts with ADNOC Group subsidiaries, according to separate announcements from ADNOC L&S. These additions are scheduled for delivery beginning in 2028 and will be time-chartered for periods of up to 20 years.
Public filings from ADNOC L&S show the firm has maintained a track record of revenue and earnings growth through a combination of organic expansion, acquisitions and operational efficiencies. The latest results arrive as the UAE continues to develop its role in international maritime logistics, building on established infrastructure and trade networks. Company statements have consistently emphasised a focus on sustainability and digital tools to optimise service delivery across its portfolio.
The announcement was distributed by the Emirates News Agency, which carries official updates on UAE corporate and economic developments. ADNOC L&S is listed on the Abu Dhabi Securities Exchange and forms part of the broader ADNOC Group ecosystem that contributes significantly to national economic output. No additional financial breakdowns for revenue or specific segment margins were included in the initial Q2 disclosure.
