DP World announced remarkable financial results for 2025, reporting a revenue increase of 22%, reaching $24.4 billion (89.6 billion Dirhams). The adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 18% to $6.4 billion (24.5 billion Dirhams), reflecting a margin of 26.3%. This growth was driven by strong performance in both the ports and terminals sector as well as logistics services.
In terms of container throughput, the total volume handled by the group increased by 5.8%, amounting to 93.4 million twenty-foot equivalent units.
Annual profits surged by 32.2% to $1.96 billion (7.2 billion Dirhams), a direct result of operational efficiency and disciplined cost management. Operating cash flow also rose by 14%, totaling $6.3 billion (23.2 billion Dirhams), while the debt ratio (net debt to adjusted EBITDA) remained stable at 3.4 times prior to the adoption of the International Financial Reporting Standard (IFRS 16).
Trade Dynamics
Issa Kazim, Chairman of DP World, commented on the results: “In an increasingly uncertain global economic landscape where trade dynamics are shifting, our diverse portfolio, capital allocation discipline, and focus on higher revenue-generating shipments compared to standard cargo have been crucial in enabling us to achieve resilient profits and strong cash flows. These results vividly illustrate the robustness of our integrated platform and our ability to adapt to the ongoing transformations in global supply chains.”
Strategic Management
Urvraj Narayan, CEO of DP World, noted the exceptional and robust performance of the ports and terminals sector, supported by growth in throughput, improved returns, and stringent cost management, with revenue per twenty-foot equivalent unit increasing by 8.5% year-over-year.
In a strategic move during 2025, we unified our marine services under the DP World brand umbrella, reinforcing our position as a comprehensive global logistics service provider. Throughout our logistics services sector and broader commercial platform, we continued to expand our capabilities and strengthen collaboration via the “DP World One” operating model.
Our primary objective remains focused on capital allocation discipline, operational excellence, and an execution strategy centered around customer priorities. We aim to support our clients as they navigate current challenges while also identifying high-quality investment opportunities that ensure long-term sustainable growth.
Reflecting the success of our strategy to enhance returns, the return on invested capital rose to 9.9%, up from 8.9% in 2024, marking a significant achievement amid ongoing geopolitical and trade uncertainties.
Investment Momentum
DP World has made significant efforts in capital investment, with expenditures in 2025 rising to $3.1 billion (11.4 billion Dirhams), compared to $2.2 billion (8 billion Dirhams) in 2024, reinforcing our global ambition to enhance capacity and productivity across our operations.
Thanks to this investment momentum, the capacity of the group’s ports reached a record high of 109 million twenty-foot equivalent units.
Continuing on this upward trajectory, the group has allocated an ambitious capital budget of approximately $3 billion (11 billion Dirhams) for 2026, intended for strategically prioritized projects in locations including Jebel Ali, Drydocks World, Tuna Tetra (India), London Gateway (UK), Ndian (Senegal), and Jeddah (Saudi Arabia).
In its efforts to reduce its carbon footprint, the group has managed to cut emissions from scope one and two by 14% compared to 2022, currently relying on renewable energy sources to supply nearly 67% of its global electricity needs.
Jebel Ali Port
On another note, DP World announced that Jebel Ali Port continues to operate at full capacity without any infrastructure damages, despite escalating geopolitical tensions in the region. However, there has been a decline in ship arrivals indicated by ongoing repercussions from the conflict with Iran.
The Dubai-based group highlighted that the port can continue to function efficiently. However, the recent conflict, which has seen strikes by the United States and Israel on Iran, has created disruptions in the global energy and transport sectors and led to the closure of the Strait of Hormuz, a critical waterway for oil trade and maritime shipping worldwide.
Urvraj Narayan stated that the port’s infrastructure is fully operational, and the company is implementing measures to reroute some operations in the region to mitigate operational impacts and ensure supply chain continuity.
This comes as shipping companies and port operators face heightened logistical and security challenges. The UK Marine Trade Operations authority reported that an unspecified projectile struck a container ship approximately 35 nautical miles north of Jebel Ali, resulting in a minor fire onboard.
DP World is among the largest port and logistics service providers globally, operating in various countries including Canada, Peru, India, and Angola.
Financially, the group reported a 43% increase in profits attributable to shareholders last year, reaching $1.07 billion, driven by strong performance in its ports and terminals alongside growth in logistics operations.
Narayan noted that the ports and terminals segment enjoyed solid performance bolstered by increased throughput and improved returns, with revenue per standard container (20 feet) rising by 8.5% year-over-year. He also mentioned that in 2025, the group consolidated its marine services under the unified branding of DP World to strengthen its position as a comprehensive global logistics service provider.
The firm is continually expanding its operational capabilities and enhancing integration between its commercial platform and logistics services through the “DP World One” operating model, focusing on capital allocation discipline, operational excellence, and supporting customers amidst current challenges, while seizing investment opportunities that promote sustainable long-term growth.
Cargo Volumes
Jebel Ali Port recorded an annual growth rate of approximately 9% in cargo volumes from origin to destination, which reflects increasing trade flows via Dubai and the UAE. DP World achieved a strong performance in bulk cargo, handling a record 1.5 million vehicles through its terminals in Dubai (an 18% increase), and the volume of bulk break cargo at Jebel Ali Port reached 5.67 million tons (a 6% increase), the highest level in nearly two decades.
In Saudi Arabia, DP World has opened the upgraded southern container terminal in Jeddah with investments totaling $800 million, effectively doubling its capacity to over 4 million twenty-foot equivalent units.
In Oman, DP World signed a landmark agreement to develop the special economic zone at Al-Ruwais, laying the foundation for a new hub for industry, trade, and manufacturing in the Sultanate.
Ahmad Yusuf Al-Hassan, CEO of DP World GCC, stated, “Periods of volatility in global trade emphasize the importance of resilient and efficiently interconnected supply chains.”
Throughout the GCC, our focus is on expanding our integrated network across all stages of the supply chain, enhancing multimodal connectivity, and providing customers with greater flexibility in how shipments move throughout the region. These investments enable businesses to maintain smooth and reliable goods movements, even as trade routes evolve and market conditions change.