Dubai port operator DP World grows 2024 revenues to $20b

Dubai: Dubai’s DP World revenues closed 2024 at $20 billion, after gaining an impressive 9.7% , while the adjusted EBITDA rose 6.7% to $5.5 billion.

The net profit for 2024, however, came in lower at $1.5 billion, down 2%, due to higher finance costs.
On the top-line numbers, the Dubai ports and free zone operator’s growth came in through ‘improved performance’ across its operations, and ‘contributions from new acquisitions and concessions’.
The ports and terminals revenue per TEU was higher by 13.9% on a like-for-like basis, with ‘strong growth’ from the Middle East and Americas.