Dubai-based DP World posts record $24.4bn revenue in 2025 as profits surge 32pc
Jebel Ali volumes grow as vehicle and breakbulk cargo hit highs
DUBAI – DP World on Thursday announced record financial results for 2025, reporting revenue of $24.4 billion, up 22 percent year on year, as strong performance across its Ports & Terminals and Logistics businesses drove growth.
Adjusted EBITDA rose 18 percent to $6.4 billion, with a margin of 26.3 percent.
The Dubai-based global logistics operator also recorded a significant increase in profitability. Profit for the year climbed 32.2 percent to $1.96 billion, supported by operating leverage and disciplined cost management. Operating cash flow rose 14 percent to $6.3 billion.
Total group gross throughput reached 93.4 million twenty-foot equivalent units (TEU), marking a 5.8 percent increase compared with the previous year, reflecting steady cargo demand across its international network of ports and terminals.
Financial growth
Chairman Essa Kazim said the results highlighted the company’s resilience during a period marked by uncertainty in global trade.
“In an environment defined by heightened uncertainty and changing trade dynamics, our diversified portfolio, disciplined capital allocation and focus on high-yield cargo enabled us to deliver resilient earnings and strong cash flow,” Kazim said.
He added that the performance reflected the strength of the group’s integrated logistics platform and its ability to adapt as supply chains continue to evolve globally.
Operations outlook
Group Chief Executive Officer Yuvraj Narayan said Ports & Terminals delivered a strong performance, supported by healthy cargo volumes, improved yield and efficient cost management.
Like-for-like revenue per TEU increased by 8.5 percent during the year. In 2025, the company also unified its Marine Services operations under a single DP World brand, strengthening its position as an integrated global logistics provider.
Narayan said the company continued to expand capabilities across logistics and its wider trade platform through the “One DP World” operating model, while maintaining a disciplined approach to capital allocation and operational efficiency.
Return on Capital Employed increased to 9.9 percent in 2025, compared with 8.9 percent the previous year, indicating stronger earnings despite ongoing geopolitical and trade challenges.
Capacity expansion
DP World invested $3.1 billion in capital expenditure in 2025, up from $2.2 billion in 2024, to expand capacity and enhance productivity across its global network.
As a result, total port capacity increased to 109 million TEU. For 2026, the group has planned capital expenditure of around $3 billion, focusing on priority projects including Jebel Ali, Drydocks World, Tuna Tekra in India, London Gateway in the UK, Ndayane in Senegal and Jeddah in Saudi Arabia.
The company also reported progress on sustainability targets. Scope 1 and 2 emissions were reduced by 14 percent compared with a 2022 baseline, while approximately 67 percent of global electricity consumption is now sourced from renewable energy.
GCC performance
Operations across the Gulf region played a significant role in the group’s performance during the year. At Jebel Ali, Origin and Destination volumes grew around 9 percent year on year, reflecting stronger trade flows through Dubai and the wider UAE.
The company also recorded robust growth in non-containerised cargo across its UAE operations. A record 1.5 million vehicles were handled across Dubai terminals, representing an increase of more than 18 percent.
Breakbulk cargo volumes at Jebel Ali Port reached 5.67 million tonnes, rising 6 percent and marking the highest level recorded at the port in nearly two decades.
Regional expansion continued elsewhere in the Gulf. In Saudi Arabia, DP World inaugurated the modernised $800 million South Container Terminal in Jeddah, more than doubling its capacity to four million TEU.
In Oman, the company signed an agreement to develop the cross-border Al Rawdah Special Economic Zone, aimed at establishing a new industrial, trade and manufacturing hub in the Sultanate.
Ahmad Yousef Al-Hassan, CEO and Managing Director of DP World GCC, said resilient supply chains remain critical as global trade continues to shift.
He noted that the company’s investments across the region are focused on expanding multimodal connectivity and strengthening end-to-end logistics networks, enabling businesses to move goods more efficiently even as trade routes and market conditions continue to evolve.