Adnoc L&S Quarterly Profit Surges to $917 Million

Adnoc Logistics and Services (Adnoc L&S) said in a filing to the Abu Dhabi Securities Exchange on Tuesday, August 11, 2026, that its second quarter net profit, for the three months to the end of June 2026, jumped nearly fourfold to about 917 million dollars, up from 229 million dollars in the same period last year. Quarterly revenue rose to 2.58 billion dollars. The company, which draws most of its revenue from shipping, attributed the jump mainly to a global rise in vessel charter rates and increased chartering activity, even amid the uncertain geopolitical situation caused by the Iran war. The board approved an interim cash dividend of 85.3 million dollars for shareholders and raised its 2026 financial guidance for the third time, targeting revenue growth in the mid 20 percent range and net profit growth above 110 percent.