Money and business in the Middle East.

Companies

ADNOC Logistics & Services (ADNOC L&S)

United Arab Emirates · Shipping, logistics and marine services · State-controlled, listed · ADX: ADNOCLS · Abu Dhabi

ADNOC Logistics & Services is a public company incorporated in Abu Dhabi Global Market on 19 April 2023 and listed on the Abu Dhabi Securities Exchange. Its audited 2025 consolidated statements report revenues of USD 5,016,112 thousand and profit attributable to equity holders of USD 838,541 thousand, against USD 3,549,330 thousand and USD 756,170 thousand in 2024. Note 1 names ADNOC as ultimate parent, says ADNOC transferred its majority shareholding to XRG on 11 September 2025, and gives ADNOC's holding at the reporting date as 78% of the issued share capital, with 22% held by the public. The company's November 2025 results release names Captain Abdulkareem Al Masabi as chief executive.

adnocls.ae ↗

Verified · updated 24 Oct 2026

Key facts

Ownership and relationships

Key people

  • Abdulkareem Al Masabi · Chief Executive Officer, ADNOC Logistics & Services

History

Key indicatorsPeriodValueSource
RevenueFY2025$5.02 bn

ADNOC Logistics & Services plc — audited consolidated financial statements, 31 December 2025 (ADX)·FY2025·source dated 10 Feb 2026·updated 24 Oct 2026

RevenueFY2024$3.55 bn

ADNOC Logistics & Services plc — audited consolidated financial statements, 31 December 2025 (ADX)·FY2024·source dated 10 Feb 2026·updated 24 Oct 2026

Net incomeFY2025$838.5 mn

ADNOC Logistics & Services plc — audited consolidated financial statements, 31 December 2025 (ADX)·FY2025·source dated 10 Feb 2026·updated 24 Oct 2026

Net incomeFY2024$756.2 mn

ADNOC Logistics & Services plc — audited consolidated financial statements, 31 December 2025 (ADX)·FY2024·source dated 10 Feb 2026·updated 24 Oct 2026

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Sources

  1. ADNOC Logistics & Services plc — audited consolidated financial statements, 31 December 2025 (ADX) · apigateway.adx.ae