Operating cash flow up 14% to $6.3bn; Capital expenditure rose to $3.1 billion in 2025, while Return on Capital Employed rose to 9.9%

DUBAI, UNITED ARAB EMIRATES : DP World today announced record financial results for 2025, with revenue up 22% to $24.4 billion, and adjusted EBITDA up 18% to $6.4 billion (margin 26.3%), driven by strong performance across Ports & Terminals and Logistics.

Total Group gross throughput increased 5.8% to 93.4 million twenty-foot equivalent units (TEU).

Profits for the year increased 32.2% to $1.96 billion, reflecting operating leverage and disciplined cost management. Operating cash flow rose 14% to $6.3 billion.

Commenting on the results, H.E. Essa Kazim, Chairman of the Board of Directors, DP World, said:

“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. These results reflect the strength of our integrated platform and our ability to adapt as supply chains reconfigure.”

Yuvraj Narayan, Group CEO, DP World, added: “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%. 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% in 2024 to 9.9%, 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% against a 2022 baseline, while approximately 67% of global electricity is now sourced from renewables.

DP World’s India operations contributed strongly to Group performance in 2025, delivering its strongest Ports and Terminals performance to date, while its three Economic Zones in India – at Chennai, Mumbai and Kochi are progressing rapidly, with occupancy at over 80%. This is along with significant investments, including:

Rizwan Soomar, CEO and Managing Director – Subcontinent, Central Asia, Levant and Egypt said: “India remains a key growth market for DP World, and our continued investments reflect our confidence in the country’s long-term trade potential. From expanding our ports and logistics infrastructure to further strengthening multimodal connectivity and developing world-class economic zones, we are committed to enhancing an integrated supply chain network that supports both international and domestic trade. These initiatives will enhance efficiency, unlock new opportunities for businesses, and further contribute to India’s economic growth.”

Global Financial Performance

 20252024Change (like-for-like at constant currency)
Revenue24,42220,02313.40%
Adjusted EBITDA6,4305,45016.80%
EBIT4,0663,35722.10%
Profit1,9601,48331.80%
Profit Attributable to Owners1,07275142.70%
ROCE9.90%8.90%–

*Like-for-like at constant currency adjusts for foreign exchange movements and the impact of acquisitions and disposals to aid comparability.