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DP World Revenue Rises 13.1 Percent to USD12.7 Billion as Global Portfolio Navigates Trade Disruption

DP World reported revenue of USD12.7 billion for the first half of this year, up 13.1 percent year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East. 

Growth across Logistics, Marine Services and DP World’s international Ports and Terminals portfolio helped offset lower activity at Jebel Ali. Excluding Jebel Ali, container volumes increased 6.5 percent on a like-for-like basis, with growth across Africa, Asia Pacific, Europe and the Americas. 

Jebel Ali remains fully operational with no physical damage, although the regional conflict has temporarily reduced vessel traffic. DP World has implemented mitigation measures across its regional network, including expanded inland connectivity, to support the continued movement of critical cargo. 

Yuvraj Narayan, CEO, DP World, said, “Excluding Jebel Ali, Container volumes increased by 6.5 percent on a like-for-like basis, and adjusted EBITDA increased by 9.7 percent, with growth across Africa, Americas, Asia Pacific, and Europe. This performance reflects the strength of our global network and our ability to provide cargo owners with efficient end-to-end supply chain solutions.  We continue to maintain a disciplined focus on capital allocation, cost management and operational efficiency. Combined with a strong balance sheet and liquidity position, this provides the flexibility to navigate uncertainty and continue creating long-term value for all our stakeholders.” 

DP World plans to develop two new terminals in Fujairah under a 50-year concession, extending the Jebel Ali ecosystem and strengthening the resilience and flexibility of the UAE’s trade infrastructure. 

The company invested USD1.5 billion across its global portfolio during the first half and expects to invest approximately USD3 billion this year, supporting new capacity and trade infrastructure in key growth markets including the UAE, UK, India, Saudi Arabia and the Democratic Republic of Congo. 

Despite continued near-term uncertainty, DP World remains positive about the medium- to long-term outlook for global trade, supported by its diversified global network and growing integrated logistics business.