{
  "id": 19651999,
  "title": "ADNOC L&S profit triples to Dh7.6 billion as global shipping rates surge",
  "url": "https://urgent.news/2026/11/12/adnoc-l-s-profit-triples-to-dh7-6-billion-as-global-shipping-rates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T11:53:04.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/markets/adnoc-ls-profit-triples-to-dh76-billion-as-global-shipping-rates-surge-1.500744966"
  },
  "original_language": "en",
  "account": "Abu Dhabi-based ADNOC Logistics and Services (ADNOC L&S) saw its first nine-month profit more than triple to Dh7.57 billion in 2026, as global shipping rates surged, the company reported. Revenue climbed 82% to Dh25.55 billion, and EBITDA rose 128% to Dh9.41 billion. Shipping drove most of the earnings growth, with nine-month revenue jumping 217% to Dh18.70 billion. Net profit from the segment surged 846% to Dh6.50 billion, supported by higher charter rates and additional vessels entering the fleet. However, offshore operations faced pressure due to regional disruptions, with Integrated Logistics revenue falling 19% to Dh5.82 billion and net profit dropping 46% to Dh843 million. The company has committed $7 billion, or approximately Dh25.7 billion, in capital expenditure through 2030 to expand its fleet and international operations.",
  "summary": "Dubai: Higher global shipping rates have helped ADNOC Logistics and Services (ADNOC L&S) more than triple its profit in the first nine months of 2026, even as regional disruptions weighed on parts of its offshore operations. The Abu Dhabi-listed company's net profit surged 227% to Dh7.57 billion during the nine months ended September 30, while revenue climbed 82% to Dh25.55 billion. Earnings…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}