Agility Global reports revenue growth as logistics businesses expand

Agility Global reported a 22% increase in revenue for the third quarter of 2026, supported by growth across its aviation services, fuel logistics and industrial real estate operations.

The Abu Dhabi-listed logistics group generated revenue of US$1.60 billion, compared with US$1.31 billion in the same period last year. However, EBITDA declined 3% to US$208 million, while EBIT decreased slightly to US$125 million.

Earnings from the group’s controlled businesses performed more strongly, with EBIT increasing 21% to US$128 million.

For the first nine months of 2026, Agility recorded revenue of US$4.52 billion, up 24% year on year. EBIT increased 11% to US$350 million.

Logistics parks and operating businesses support growth

Agility Logistics Parks reported a 49% increase in quarterly revenue to US$21 million, while EBIT rose 58% to US$17 million.

Saudi Arabia remained the primary driver of growth as newly completed logistics facilities began generating income. Higher occupancy levels in Africa also contributed to the improvement.

The company is progressing with approximately 82,000 square metres of new facilities scheduled for delivery during 2026 and early 2027, including projects already completed.

Its owned and leased land bank reached approximately 4.5 million square metres, increasing to 6.1 million square metres when joint venture holdings are included.

Meanwhile, Tristar, Agility’s fuel logistics business, recorded revenue growth of 24% to US$419 million. Its quarterly EBIT increased 23% to US$36 million.

Menzies Aviation, the group’s largest operating business, generated US$974 million in revenue, representing a 22% annual increase. Air cargo handling volumes rose 13% to 657,000 tonnes.

Tarek Sultan, Chairman of Agility, said the group’s operating businesses continued to recover from challenges encountered earlier in the year.

He highlighted improved earnings at Menzies, Tristar and Agility Logistics Parks as important contributors to the group’s performance.

Agility advances portfolio restructuring and investment strategy

Agility is also progressing with changes to its investment portfolio following the agreement announced on 13 October to sell its 65.12% stake in Tristar to India’s Aegis Logistics.

The transaction values Tristar at an enterprise value of US$1.5 billion and is expected to close by the end of March 2027, subject to regulatory approvals and other conditions.

Agility expects to receive consideration of up to US$581 million from the transaction, including deferred and performance-dependent payments.

The group also maintains a substantial investment in global freight forwarder DSV. As of 30 September 2026, Agility held approximately 19.3 million DSV shares, representing an ownership stake of around 8.2%.

The carrying value of this investment stood at approximately US$3.5 billion, including the collar value.

Agility’s Board also approved an interim dividend of US$75 million.

The company said its financial position and future capital allocation decisions will reflect its investment priorities, debt reduction objectives and the expected proceeds from the Tristar transaction.

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