ADNOC Logistics and Services has reported record second quarter and first-half 2026 financial results, surpassing market expectations and demonstrating exceptional operational strength underpinned by strong shipping market performance. Second quarter 2026 revenue reached US$ 2,584 million, a 98% increase year-on-year, while EBITDA rose 176% to US$ 1,106 million and net profit surged 303% to US$ 951 million, representing a record quarterly result for the company. For the first half of 2026, revenue increased 46 percent year-on-year to US$ 3,667 million, EBITDA rose 98% to US$ 1,475 million with a margin of 40% , up 11 percentage points year-on-year, and net profit grew 179% to US$ 1,173 million. The EBITDA margin expansion was driven by record shipping performance across the company’s diversified business model and elevated market rates. The company has raised its full-year 2026 earnings guidance for the third time, reflecting continued strong performance. The improved outlook is supported by favourable shipping market fundamentals and the company’s role in supporting ADNOC Group’s growing global operations, while remaining grounded in prudent assumptions about market rates for the remainder of the year. Offshore contracting guidance remains conservative. ADNOC L&S is executing a significant fleet expansion programme, with total vessel acquisitions and newbuild commitments year-to-date valued at approximately US$ 2.3 billion as part of US$ 5.7 billion in total capital expenditure commitments. Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, attributed the record results to strong shipping market fundamentals, disciplined execution and the company’s ability to respond quickly to volatile market conditions, framing the fleet expansion programme as a means of accelerating global growth and creating long-term shareholder value. The post ADNOC reports record Q2 net profit appeared first on Container News .