Adani Ports and Special Economic Zone Limited (APSEZ) has posted robust financial and operational results for the quarter and half-year ended 30 September 2025.
Consolidated EBITDA for Q2 FY26 reached ₹5,550 crore ($668 million), up 27 per cent year-on-year (YoY), while H1 FY26 EBITDA rose 20 per cent to ₹11,046 crore ($1.33 billion).
Domestic ports achieved a record H1 EBITDA margin of 74.2 per cent, and international operations reported lifetime-high revenue and EBITDA of ₹2,050 crore ($247 million) and ₹466 crore ($56 million), respectively, driven by strong performance in Haifa, Colombo, and Dar Es Salaam.
The logistics segment continues its rapid growth, with H1 FY26 revenue rising 92 per cent YoY to ₹2,224 crore ($268 million), and return on capital employed improving to 9 per cent.
Marine operations saw revenue of ₹1,182 crore ($142 million), up 213 per cent, reflecting fleet expansion and strategic vessel acquisitions.
Ashwani Gupta, Whole-Time Director and CEO of Adani Ports and Special Economic Zone Ltd, said: “The strong growth across our integrated transport ecosystem highlights the success of our port-to-customer value proposition. Operational efficiency, capital optimisation, and the expansion of Logistics and Marine businesses have driven record domestic port margins and improved logistics returns.”
Operational highlights include Mundra Port handling 898 double-stacked container rakes in July, and Colombo West International Terminal crossing 350,000 TEUs since its April 2025 opening.
The company also approved the acquisition of Australia’s NQXT Port, enhancing its global footprint. Sustainability remains a priority, with APSEZ scoring 66/100 in the S&P Global Corporate Sustainability Assessment and committing to Net Zero by 2040.
Financially, APSEZ maintained strong liquidity, with H1 FY26 operating cash flow of ₹9,503 crore ($1.15 billion), net debt/EBITDA of 1.8x, and a cash balance of ₹13,063 crore ($1.57 billion).
Fitch and S&P Global have reaffirmed or upgraded its ratings, reflecting solid financial health.
With ongoing expansions in logistics parks, inland container depots, and marine fleet operations—including new deployments in West Africa — APSEZ continues to evolve from a port operator into a fully integrated transport utility.
APSEZ’s H1 FY26 results highlight its ongoing focus on operational efficiency, expansion of international operations, and initiatives in sustainability.
Last month, Adani Enterprises and Google announced a partnership to develop India’s largest AI data centre campus and green energy infrastructure in Visakhapatnam, Andhra Pradesh.
