DP World reports improved financial results for 2024
DP World Limited recorded revenue of US$20 billion in 2024, marking a 10% growth compared with the previous year, while adjusted EBITDA rose by 7% to US$5.5 billion, with an adjusted EBITDA margin of 27.2%.
At the same time, the profit of the UAE-based port operator climbed by 2% to US$1.5 billion.
“These results demonstrate the benefits of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions and disciplined cost optimization,” said DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem.
“In 2024, we delivered a strong performance, further reinforcing our financial position by reducing net leverage and strengthening the balance sheet,” he added.
| 2024 | 2023 | % change | Like-for-like at constant currency % change |
| Revenue | 20,023 | 18,250 | 9.7% | 6.9% |
| Share of profit from equity-accounted investees (net of tax) | 155 | 164 | 5.1% | 1.3% |
| Adjusted EBITDA | 5,450 | 5,108 | 6.7% | 2.9% |
| Adjusted EBITDA margin | 27.2% | 28.0% | 0.8% | 27.2% |
| EBIT | 3,357 | 3,046 | 10.2% | 5.1% |
| Profit for the year | 1,483 | 1,514 | 2.0% | 9.5% |
| Profit for the year attributable to owners of the Company before separately disclosed items | 751 | 1,032 | 27.2% | – |
| Profit for the year attributable to owners of the Company after separately disclosed items | 591 | 820 | 27.9% | – |
Meanwhile, DP World’s capacity has exceeded 100 million TEUs with continued investment in key growth markets. The company said its capital expenditure of US$2.2 billion was invested across the existing portfolio.
Additionally, the capital expenditure budget for 2025 is approximately US$2.5 billion and is expected to be invested mainly in Jebel Ali (UAE), Drydocks World and Jebel Ali Freezone (UAE), Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal) and Jeddah (Saudi Arabia).
“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,” stated Sultan Ahmed bin Sulayem.
DP World’s boss continued: “Our asset-appropriate strategy, combined with critical infrastructure in key markets, ensures that we scale efficiently while delivering specialized 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.”
For the current year, Ahmed bin Sulayem remains cautious despite the strong start of DP World. “As part of our long-term strategy, we continue to invest in our portfolio through targeted bolt-on acquisitions, expand into new locations and add high-value capabilities that align with our clients’ evolving needs. We maintain a positive medium-term outlook, supported by strong industry fundamentals and DP World’s ability to deliver sustainable, long-term returns,” he concluded.
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