Major Estimate Revision • Jul 09
Consensus EPS estimates increase by 33% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$0.133 to US$0.177. Revenue forecast unchanged at US$5.19b. Net income forecast to grow 43% next year vs 30% growth forecast for Oil and Gas industry in United Arab Emirates. Consensus price target of د.إ7.08 unchanged from last update. Share price rose 2.2% to د.إ6.03 over the past week. Duyuru • Jun 29
ADNOC Logistics & Services plc to Report Q2, 2026 Results on Aug 11, 2026 ADNOC Logistics & Services plc announced that they will report Q2, 2026 results on Aug 11, 2026 Buy Or Sell Opportunity • Jun 10
Now 21% undervalued Over the last 90 days, the stock has risen 13% to د.إ5.66. The fair value is estimated to be د.إ7.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Reported Earnings • May 16
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$0.027 (up from US$0.024 in 1Q 2025). Revenue: US$1.08b (down 8.4% from 1Q 2025). Net income: US$202.7m (up 12% from 1Q 2025). Profit margin: 19% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 2.0%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Asia. Duyuru • Mar 02
ADNOC Logistics & Services plc, Annual General Meeting, Mar 24, 2026 ADNOC Logistics & Services plc, Annual General Meeting, Mar 24, 2026, at 15:00 Arabian Standard Time. Location: abu dhabi United Arab Emirates Declared Dividend • Feb 13
Dividend of د.إ0.04 announced Shareholders will receive a dividend of د.إ0.04. Ex-date: 2nd April 2026 Payment date: 1st January 1970 Dividend yield will be 2.8%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 92%. Reported Earnings • Feb 12
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$0.11 (up from US$0.10 in FY 2024). Revenue: US$5.02b (up 41% from FY 2024). Net income: US$838.5m (up 11% from FY 2024). Profit margin: 17% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Oil and Gas industry in Asia. Duyuru • Feb 05
ADNOC Logistics & Services plc to Report Fiscal Year 2025 Results on Feb 10, 2026 ADNOC Logistics & Services plc announced that they will report fiscal year 2025 results on Feb 10, 2026 Duyuru • Jan 05
ADNOC Logistics & Services plc Announces Chief Financial Officer Changes, Effective January 5, 2026 ADNOC Logistics & Services Plc announced the appointment of Hugh Baker as Chief Financial Officer, effective January 5, 2026. Hugh Baker is an experienced financial professional with an extensive career in maritime finance and capital markets. He brings over three decades of expertise in corporate and asset finance, investor relations, mergers and acquisitions, and public company governance. Baker joins ADNOC L&S from Ellsworth Maritime, where he served as Principal, providing debt advisory services to global shipping companies and representing DekaBank Girozentrale for North American maritime lending. Prior to that, Baker spent ten years as Chief Financial Officer of Eneti Inc., a NYSE-listed company, where he led financial strategy, capital raising, and investor engagement. During his tenure, he successfully executed over 100 financial and commercial transactions, raising more than $15 billion in debt and equity capital. His earlier experience includes senior leadership roles at Scorpio Tankers Inc., Evercore Partners, HSH Nordbank, and ING Bank, specializing in maritime asset finance and strategic advisory. Baker holds an MSc in Shipping, Trade & Finance from Bayes Business School and a BA in Geography from the London School of Economics. He is a Fellow of the Institute of Chartered Shipbrokers (FICS). Rahoof Khaleel Rahman served as Acting CFO before Hugh Baker's appointment, ensuring a smooth transition and continued financial stewardship. Buy Or Sell Opportunity • Jan 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to د.إ5.75. The fair value is estimated to be د.إ7.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Buy Or Sell Opportunity • Dec 17
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at د.إ5.74. The fair value is estimated to be د.إ7.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Duyuru • Nov 12
ADNOC Logistics & Services plc Approves Interim Cash Dividend for the Third quarter of 2025, Payable Within 30 Days from Date 10 November 2025 ADNOC Logistics & Services plc announced that the Board of Directors on 10 November 2025 approved the distribution of an interim cash dividend to shareholders for the third quarter of the financial year 2025 in the total amount of USD 81.25 million (equivalent to AED 298.39 million amounting to approximately 4.03 fils per share). Last entitlement date: 18 November 2025. Ex-dividend date: 19 November 2025. Shareholders' registry closing date: 20 November 2025. Payment date: Within 30 days from date 10 November 2025. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.03 (up from US$0.024 in 3Q 2024). Revenue: US$1.27b (up 36% from 3Q 2024). Net income: US$205.4m (up 17% from 3Q 2024). Profit margin: 16% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. Duyuru • Nov 05
ADNOC Logistics & Services plc to Report Q3, 2025 Results on Nov 10, 2025 ADNOC Logistics & Services plc announced that they will report Q3, 2025 results on Nov 10, 2025 Buy Or Sell Opportunity • Oct 09
Now 21% undervalued Over the last 90 days, the stock has risen 24% to د.إ5.85. The fair value is estimated to be د.إ7.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 7.0%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.031 (up from US$0.028 in 2Q 2024). Revenue: US$1.26b (up 40% from 2Q 2024). Net income: US$228.8m (up 10% from 2Q 2024). Profit margin: 18% (down from 23% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. Duyuru • Aug 07
ADNOC Logistics & Services plc to Report Q2, 2025 Results on Aug 11, 2025 ADNOC Logistics & Services plc announced that they will report Q2, 2025 results on Aug 11, 2025 Buy Or Sell Opportunity • Jul 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.5% to د.إ4.62. The fair value is estimated to be د.إ3.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Jul 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.9% to د.إ4.66. The fair value is estimated to be د.إ3.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • May 13
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.02 (down from US$0.026 in 1Q 2024). Revenue: US$1.18b (up 41% from 1Q 2024). Net income: US$180.5m (down 6.8% from 1Q 2024). Profit margin: 15% (down from 23% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat. Duyuru • May 07
ADNOC Logistics & Services plc to Report Q1, 2025 Results on May 09, 2025 ADNOC Logistics & Services plc announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ4.08, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Oil and Gas industry in Asia. Total returns to shareholders of 6.2% over the past year. Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: US$0.10 (vs US$0.084 in FY 2023) Full year 2024 results: EPS: US$0.10 (up from US$0.084 in FY 2023). Revenue: US$3.55b (up 29% from FY 2023). Net income: US$756.2m (up 22% from FY 2023). Profit margin: 21% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Oil and Gas industry in Asia. Price Target Changed • Feb 07
Price target increased by 7.2% to د.إ6.62 Up from د.إ6.18, the current price target is an average from 10 analysts. New target price is 23% above last closing price of د.إ5.37. Stock is up 37% over the past year. The company is forecast to post earnings per share of US$0.10 for next year compared to US$0.084 last year. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: US$0.024 (vs US$0.02 in 3Q 2023) Third quarter 2024 results: EPS: US$0.024 (up from US$0.02 in 3Q 2023). Revenue: US$928.4m (up 32% from 3Q 2023). Net income: US$175.0m (up 19% from 3Q 2023). Profit margin: 19% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Oil and Gas industry in Asia. Duyuru • Nov 08
ADNOC Logistics & Services plc to Report Q3, 2024 Results on Nov 13, 2024 ADNOC Logistics & Services plc announced that they will report Q3, 2024 results on Nov 13, 2024 Declared Dividend • Oct 09
First half dividend of د.إ0.068 announced Shareholders will receive a dividend of د.إ0.068. Ex-date: 16th October 2024 Payment date: 1st January 1970 Dividend yield will be 2.4%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 40%. Duyuru • Oct 08
Adnoc Logistics & Services plc Approves Interim Cash Dividend for First Half of Financial Year 2024, Payable Within 30 Days from Date 7 October, 2024 ADNOC Logistics & Services plc notified that the Board of Directors of the Company passed a written resolution by circulation 7 October 2024, and approved the Company's interim cash dividends distribution to the shareholders for the first half of the current financial year 2024 in the total amount of USD 136.5 million (equivalent to AED 501.29 million amounting to approximately 6.78 fils per share). Buy Or Sell Opportunity • Aug 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to د.إ4.86. The fair value is estimated to be د.إ4.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 6.0% per annum over the same time period. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.028 (vs US$0.022 in 2Q 2023) Second quarter 2024 results: EPS: US$0.028 (up from US$0.022 in 2Q 2023). Revenue: US$899.3m (up 42% from 2Q 2023). Net income: US$207.7m (up 28% from 2Q 2023). Profit margin: 23% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Oil and Gas industry in Asia. Duyuru • Aug 01
ADNOC Logistics & Services plc to Report Q2, 2024 Results on Aug 06, 2024 ADNOC Logistics & Services plc announced that they will report Q2, 2024 results on Aug 06, 2024 Buy Or Sell Opportunity • Jul 01
Now 34% undervalued Over the last 90 days, the stock has risen 3.7% to د.إ4.19. The fair value is estimated to be د.إ6.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 116%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 5.9% per annum over the same time period. Buy Or Sell Opportunity • Jun 20
Now 20% undervalued Over the last 90 days, the stock has risen 1.8% to د.إ4.07. The fair value is estimated to be د.إ5.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 116%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 5.9% per annum over the same time period. Duyuru • Jun 05
ADNOC Logistics & Services plc (ADX:ADNOCLS) agreed to acquire Navig8 Topco Holdings Inc from Navig8 Limited for $1.49 billion. ADNOC Logistics & Services plc (ADX:ADNOCLS) agreed to acquire Navig8 Topco Holdings Inc from Navig8 Limited for $1.49 billion on June 3, 2024. Under the terms of the agreement, ADNOC L&S will acquire 80% of Navig8 for $1.04 billion with economic ownership transfer effective from January 1, 2024, and further acquire the remaining 20% ownership in 2027 for a deferred consideration of $335 million to $450 million. Navig8 delivered over $400 million EBITDA in 2023. The agreement is subject to customary regulatory approvals. Major Estimate Revision • May 17
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$3.39b to US$3.56b. EPS estimate increased from US$0.091 to US$0.101 per share. Net income forecast to grow 11% next year vs 8.3% growth forecast for Oil and Gas industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ5.02. Share price was steady at د.إ3.99 over the past week. Major Estimate Revision • May 10
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$3.39b to US$3.66b. EPS estimate increased from US$0.091 to US$0.101 per share. Net income forecast to grow 8.1% next year vs 8.1% growth forecast for Oil and Gas industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ4.95. Share price was steady at د.إ3.92 over the past week. Duyuru • May 10
ADNOC Logistics & Services plc Provides Earnings Guidance for the Year 2024 ADNOC Logistics & Services plc provided earnings guidance for the year 2024. For the period, The company expects revenue growth upwards to low 30% range in 2024 (previously high teens percentage). Over the medium term, the company expects high single-digit percentage growth year-on-year (previously mid-to-high single-digit percentage growth). Net income growth in the low 20%s range in 2024. Over the medium term, the company target average annual net income growth in the low percentage teens. Duyuru • May 09
Adnoc Logistics & Services plc Provides Dividend Guidance ADNOC Logistics & Services plc announced that in line with the Board-approved progressive dividend policy, the Company aims to increase annual dividends by at least 5% over the medium term, taking the 2023 annualized dividend($260 million, AED955 million) as a base. Duyuru • May 03
ADNOC Logistics & Services plc to Report Q1, 2024 Results on May 07, 2024 ADNOC Logistics & Services plc announced that they will report Q1, 2024 results on May 07, 2024 Duyuru • Apr 30
ADNOC Logistics & Services plc Approves Cash Dividend for the Second Half of the 2023 ADNOC Logistics & Services plc announced that at its AGM held on 29 April 2024, the company approved a cash dividend distribution of $130 million (AED 477 million), equivalent to 6.45 fils per share, for the second half of 2023. The final dividend will be paid to shareholders who own ADNOC L&S shares on the record date of 9 May 2024. Dividend Payment is 30 days from shareholders' approval. Reported Earnings • Feb 19
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: US$0.084. Revenue: US$2.76b (up 41% from FY 2022). Net income: US$620.2m (up 138% from FY 2022). Profit margin: 23% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Oil and Gas industry in Asia. Major Estimate Revision • Feb 16
Consensus EPS estimates increase by 13%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$3.07b to US$3.01b. EPS estimate rose from US$0.079 to US$0.089. Net income forecast to grow 21% next year vs 7.9% growth forecast for Oil and Gas industry in United Arab Emirates. Consensus price target up from د.إ4.36 to د.إ4.45. Share price rose 4.1% to د.إ4.09 over the past week. Duyuru • Feb 10
ADNOC Logistics & Services plc to Report Fiscal Year 2023 Results on Feb 14, 2024 ADNOC Logistics & Services plc announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 17
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: US$0.02. Net income: US$147.7m (up US$147.7m from 3Q 2022). Revenue exceeded analyst estimates by 10.0%. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Oil and Gas industry in Asia. Duyuru • Nov 08
ADNOC Logistics & Services plc to Report Q3, 2023 Results on Nov 10, 2023 ADNOC Logistics & Services plc announced that they will report Q3, 2023 results on Nov 10, 2023 Duyuru • Oct 10
ADNOC Logistics & Services plc Approves Interim Cash Dividend ADNOC Logistics & Services plc announced that its Board of Directors has approved the distribution of an interim cash dividend of $65 million (AED239 million) for Second Quarter 2023, equivalent to 3.2 fils per share. The interim dividend will be paid to shareholders who own ADNOC L&S shares on the record date of 19 October 2023. The dividend, in relation to second half 2023 is anticipated to be paid in second half 2024. At the time of listing the Company indicated a second half 2023 dividend of $130 million (AED 477 million). Board of Directors Approval is 09 October 2023, Last Entitlement Date (last day to purchase) is 17 October 2023, Record Date is 19 October 2023, Dividend Payment is 30 days from Board of Directors approval. Board Change • Oct 06
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Mashal Saoud Mohamed Alseiari is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Aug 01
ADNOC Logistics & Services plc to Report Q2, 2023 Results on Aug 03, 2023 ADNOC Logistics & Services plc announced that they will report Q2, 2023 results on Aug 03, 2023 