Global ports and logistics giant DP World has closed 2024 with record-breaking revenues of $20 billion, marking a 9.7% year-on-year growth, while adjusted EBITDA rose 6.7% to $5.5 billion, the company announced in its annual report.
Despite the impressive top-line figures, net profit declined by 2% to $1.5 billion, largely attributed to higher finance costs incurred during the year. However, strong operational momentum across regions, particularly in the Middle East and the Americas, helped offset global economic and geopolitical challenges.
“We are proud to report record revenue and record EBITDA of $5.5 billion for 2024—a remarkable achievement given the complex geopolitical landscape,” said Sultan Ahmed bin Sulayem, Chairman and CEO of DP World.
- Revenue per TEU rose 13.9% on a like-for-like basis
- Ports and terminals showed robust volume growth and yield improvements
- New acquisitions and concession agreements further boosted overall revenues
- Significant growth contributions from logistics and freight services across international markets
DP World cited “improved performance across operations” and strategic global expansions as key reasons for the revenue surge. The company continues to strengthen its position as a global trade enabler, managing more than 80 ports and terminals worldwide.
- Revenue: $20 billion (+9.7%)
- EBITDA: $5.5 billion (+6.7%)
- Net Profit: $1.5 billion (−2%)
- Top Contributors: Middle East, Americas, new acquisitions
With continued investment in smart logistics, sustainable infrastructure, and digital trade corridors, DP World remains focused on long-term growth despite macroeconomic headwinds.
