Abu dhabi: ADNOC Logistics and Services plc (ADNOC L and S / the Company), a global energy maritime logistics company, has announced the successful completion of a $317 million institutional placement involving approximately 222 million shares, accounting for 3% of its total share capital, by ADNOC Group. This significant transaction reflects strong investor interest and confidence in the company's strategic direction and long-term growth prospects.
According to Emirates News Agency, the share placement was approximately seven times oversubscribed, marking it as one of the highest levels recorded for a regional secondary offering. This overwhelming response underscores investor confidence in ADNOC L and S's financial resilience and strategic initiatives. The transaction has increased the company's free float from 19% to 22%, enhancing liquidity and broadening access to a wider institutional investor base, thereby reinforcing its visibility on the Abu Dhabi Securities Exchange (ADX).
The expanded shareholder base is expected to position ADNOC L and S for potential inclusion in the MSCI Index during the upcoming quarterly review, elevating its global investor profile. Captain Abdulkareem Al Masabi, CEO of ADNOC L and S, expressed gratitude towards the new shareholders, stating that the placement highlights the strength of the business, the resilience of its operating model, and market confidence in its long-term strategy. As the company celebrates 50 years of maritime excellence, it remains focused on executing its growth strategy and creating sustainable shareholder value.
With over $26 billion in forward-contracted revenues, supported by 960 years of secured contracts across its Integrated Logistics, Shipping, and Services segments, ADNOC L and S is strategically positioned to deliver sustained profitability. This supports ADNOC's global growth ambitions and energy transformation goals. The company's strategic fleet expansion, including new LNG carriers and VLECs, underscores its commitment to operational excellence and enhanced service capabilities.
Following the placement, ADNOC retains a strategic 78% ownership, reaffirming its long-term commitment to ADNOC L and S's success. With a diversified global customer base, 19 offices serving over 100 customers in more than 50 countries, and a robust financial performance track record, ADNOC L and S is strengthening its position as a trusted partner in global energy maritime logistics.
Despite being formally established only a few years ago through the consolidation of ADNOC's maritime and logistics assets, ADNOC L and S builds on a legacy of nearly five decades of operational excellence. This year, marking its 50th anniversary, the company has transformed into a diversified global energy maritime logistics provider.
The company recently reported record-breaking H1 and Q2 2025 results, with Q2 revenue up 40% year-on-year to $1,258 million, EBITDA up 31% to $400 million, and net profit rising 14% to $236 million.