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DP World on Thursday announced record financial results for 2025, with revenue up 22 per cent to $24.4 billion, and adjusted EBITDA up 18 per cent to $6.4 billion (margin 26.3 per cent), driven by strong performance across Ports & Terminals and Logistics.
Total Group gross throughput increased 5.8 per cent to 93.4 million twenty-foot equivalent units (TEU).
Profits for the year increased 32.2 per cent to $1.96 billion, reflecting operating leverage and disciplined cost management. Operating cash flow rose 14 per cent to $6.3 billion.
“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,” said Essa Kazim, Chairman of the Board of Directors of DP World. “These results reflect the strength of our integrated platform and our ability to adapt as supply chains reconfigure.”
Yuvraj Narayan, Group CEO of DP World, stated, “Ports & Terminals performed strongly, supported by healthy volumes, improved yield and disciplined cost management, with like-for-like revenue per TEU increasing by 8.5 per cent.
In 2025, we unified our Marine Services business under a single DP World brand, strengthening our position as a fully integrated global logistics provider.
“Across Logistics and our broader trade platform, we continued to scale capabilities and deepen collaboration through our ‘One DP World’ operating model. We remain focused on disciplined capital allocation, operational excellence and customer-centric execution-supporting customers through near-term uncertainty while investing selectively to deliver sustainable long-term growth.”
Return on Capital Employed (ROCE) increased from 8.9 per cent in 2024 to 9.9 per cent, reflecting stronger earnings despite continued geopolitical and trade uncertainty.
DP World invested $3.1 billion in capital expenditure in 2025 (up from $2.2 billion in 2024) to support capacity expansion and productivity enhancements globally. Port capacity increased to 109 million TEU.
For 2026, the Group’s 2026 capex budget is approximately $3 billion, focused on priority projects including Jebel Ali, Drydocks World, Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal) and Jeddah (Saudi Arabia).
DP World reduced Scope 1 and 2 emissions by 14 per cent against a 2022 baseline, while approximately 67 per cent of global electricity is now sourced from renewables.
GCC operations contributed strongly to the group’s performance. Jebel Ali port recorded around 9 per cent year-on-year growth in Origin & Destination (O&D) volumes, reflecting stronger trade flows through Dubai and the UAE.
In the UAE, DP World also saw strong growth in non-containerised cargo, with a record 1.5 million vehicles handled across its Dubai terminals (up over 18 per cent) and breakbulk volumes at Jebel Ali Port reaching 5.67 million tonnes (up 6 per cent), the highest level in nearly two decades.
In Saudi Arabia, DP World inaugurated the modernised $800 million South Container Terminal in Jeddah, more than doubling capacity to 4 million TEU.
In Oman, DP World signed a landmark agreement to develop the cross-border Al Rawdah Special Economic Zone, laying the foundation for a new industrial, trade and manufacturing hub in the Sultanate.
WAM
