DP World has reported strong financial results, achieving record revenue of $20 billion in 2024, up 9.7% from the previous year.
The company’s adjusted earnings before interest, taxation, depreciation and amortisation (Ebidta) rose by 6.7% to $5.5 billion on the back of the strong performance of its ports and terminals operations as well as contributions from its recent acquisitions.
According to the company its revenue growth of 9.7% was driven by improved port and terminal operations and a 13.9% increase in revenue per Twenty-foot Equivalent Unit (TEU) handled.
However, net profit for the year was down 2% to $1.5 billion due to higher finance costs.
DP World invested in its infrastructure, leading to it exceeding 100 million TEUs in capacity in 2024, with capital expenditure of $2.2 billion mainly in Jebel Ali (UAE), London Gateway (UK), and Ndayane (Senegal).
DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said the company’s record $20 billion in revenue and $5.5 billion in Ebitda was a “remarkable achievement given the complex geopolitical landscape”.
“These results demonstrate the benefits of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions and disciplined cost optimisation.
“This strategy is positioning DP World for sustained long-term growth and value creation. By enhancing efficiency, expanding our capabilities and deepening partnerships, we are building a resilient business, well-equipped to capitalise on new opportunities as global trade evolves.”
He said the company was continuing to strengthen its logistics platform with end-to-end solutions that drive efficiency and improve the flow of trade.
“Our asset-appropriate strategy, combined with critical infrastructure in key markets, ensures that we scale efficiently while delivering specialised capabilities where they are needed most.
“Strategic investments in high-growth sectors and emerging trade corridors are expanding our expertise, enabling us to provide value-added solutions. By enhancing connectivity and streamlining supply chains, we are reinforcing DP World’s role as a leading trade enabler, helping cargo owners navigate complexity, go to market quicker and build greater supply chain resilience.”
The company has planned a $2.5 billion budget for 2025 to further expand its portfolio.
