Global logistics giant DP World Limited announced its financial results for the year ended 31 December 2024, according to the company’s release. Revenue grew by 9.7% to $20.0bn and adjusted EBITDA rose by 6.7% to $5.5bn with an adjusted EBITDA margin of 27.2%.
Revenue growth of 9.7% was mainly due to improved performance from Ports and terminals and contributions from new acquisitions and concessions, DP World Limited said.
Furthermore, profit for the year decreased by 2.0% mainly “due to higher finance costs.”
Ports and terminals revenue per TEU increased 13.9% on a like-for-like basis with strong growth from the Middle East and Americas.
Adjusted EBITDA grew by 6.7% and EBITDA margin for the year stood at 27.2% as well as like-for-like adjusted EBITDA margin.
DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.
The company’s capital expenditure budget for 2025 is approximately $2.5bn to be invested mainly in Jebel Ali (UAE), Drydocks World and Jebel Ali Freezone (UAE), Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal) and Jeddah (Saudi Arabia).
The company reported strong financial performance in 2024 but, as it says, the outlook remains uncertain due to geopolitical risks and changing global trade landscape.
