Press releases, Reports & Disclosures for ADNOC Logistics & Services plc

The text refers to a Management Discussion and Analysis Report on the nine-month earnings of ADNOC for the year 2023, which was published on 13 November 2023. The document is classified as public, meaning it is accessible to anyone interested in the financial performance of ADNOC for the specified period.

ADNOC Logistics and Services (ADNOC L&S) reported a 162% year-on-year increase in net profit for the first nine months of 2023, with a net profit of $455 million. The company also saw a 49% increase in revenue and a 124% increase in EBITDA during the same period. This strong performance was underpinned by the expansion of Integrated Logistics services activities, the acquisition of Zakher Marine International Holdings, and robust charter rates for Tankers and Gas Carriers. The company continues to expand its environmentally efficient fleet and is committed to delivering attractive shareholder returns, with an interim dividend payment of $65 million for Q2 2023.

The document is a review report and interim condensed consolidated financial information for ADNOC Logistics & Services PLC as of 30th September 2023. The information provided in the document is unaudited.

The Board of Directors of ADNOC Logistics & Services PLC held a meeting via video conference on November 10, 2023, where they approved the company's financial results for the third quarter of the current financial year 2023. The Board also discussed recent developments relating to the company's activities and projects. The meeting was chaired by Abdulkareem Mubarak Almessabi, the Chief Executive Officer. A copy of the financial results was attached to the notification sent to the Abu Dhabi Securities Exchange and the Securities and Commodities Authority.

The Board of Directors of ADNOC Logistics & Services PLC will hold a meeting via video conference on 10th November 2023 at 3pm. The meeting will discuss and potentially approve the financial results for the third quarter of the current financial year 2023 and other general matters relating to the company's activities and projects. The notice is signed by the Chief Executive Officer, Abdulkareem Mubarak Almessabi. A copy of the notice has been sent to the Securities and Commodities Authority (SCA).