Announcement
ADNOC L&S announced on 29 June 2026 that it has raised its fiscal 2026 guidance, reflecting stronger performance delivered in the second quarter. The upward revision is attributed primarily to continued strength in its Shipping segment.
Operational Highlights
The company highlighted ongoing robustness in the Shipping business and reported a gradual improvement in material‑handling volumes within its Integrated Logistics and Services Platform under Offshore Contracting. It confirmed that the assumptions for its Jack‑Up Barge fleet remain unchanged.
Financial Guidance
ADNOC L&S kept its guidance for capital expenditures, leverage ratios and dividend policy unchanged. The firm reiterated that it will publish its second‑quarter results on 11 August 2026.
Analyst Commentary
Goldman Sachs described the announcement as a second and more substantial upward revision to the 2026 earnings outlook, noting that the move to revenue growth is accompanied by an expected 20 % EBITDA growth and a 60 % net‑income growth, indicating a stronger earnings mix and improved conversion below the line compared with prior expectations.