Aramex Net Profit Jumps 817% on Record AED1.98 Billion Quarter

Summary

• Aramex posted record quarterly revenue of AED1.98 billion in Q3 2026, up 24% year-on-year.
• Net profit surged 817% to AED48 million as freight forwarding led growth across all business lines.
• The results mark a second consecutive record quarter for the Dubai-listed logistics group.

The latest

Aramex booked AED1.98 billion in third-quarter revenue, a 24% year-on-year rise and its highest quarterly figure ever, surpassing the AED1.83 billion record set only three months earlier. Net profit climbed 817% to AED48 million. Group CEO Amadou Diallo said freight forwarding continued to lead growth while profitability gains reflected disciplined execution and operational efficiency.

Details

• The headline number: Third-quarter revenue reached AED1.98 billion, up 24% from the same period of 2025, according to the Dubai Financial Market-listed company. The figure beat the AED1.83 billion recorded in the second quarter of 2026, making it the second consecutive quarter in which Aramex set a revenue record.
• Nine-month revenue: Revenue for the first nine months of 2026 totalled AED5.41 billion, a 16% increase on the corresponding period of 2025. The slower nine-month pace against the 24% quarterly rise points to acceleration concentrated in the second half of the year.
• Operating profit: Earnings before interest and taxes rose 46% year-on-year to AED94 million in the third quarter. For the nine-month period, EBIT reached AED233 million, up 65%. Aramex attributed the improvement to revenue growth combined with management of operating costs and overheads.
• The profit swing: Net profit jumped 817% to AED48 million in the quarter and 759% to AED112 million over nine months. The scale of those percentages reflects an unusually low comparison base in 2025 rather than proportional growth in the underlying business.
• Freight forwarding: The freight forwarding unit remained the main driver of group revenue growth and posted another record quarter. Aramex credited sustained customer demand, pricing discipline and its diversified multimodal offering, which spans air, sea and land transport options for corporate clients.
• Other segments: Revenue also rose year-on-year in Domestic Express, International Express, and Logistics and Supply Chain Solutions, giving the group growth across every reported business line. Aramex did not break out individual segment revenue figures or margins for the quarter.
• CEO framing: Group CEO Amadou Diallo called the back-to-back record quarters "another important milestone" and said profitability gains reflected a focus on disciplined execution, operational efficiency and stronger financial performance across the group.
• Transformation programme: Diallo said Aramex remains focused on advancing its Accelerate28 transformation programme, improving profitability and strengthening capabilities to support sustainable long-term growth. The company did not detail the programme's cost, targets or completion timeline in its results announcement.

Background

Aramex is the largest listed logistics and express delivery operator in the UAE, trading on the Dubai Financial Market. Its freight forwarding arm handles multimodal cargo for corporate clients, a segment more exposed to global trade pricing cycles than its parcel delivery business.

Between the lines

The gap between a 24% revenue rise and an 817% profit jump is the story's real signal: the earnings base in 2025 was thin enough that modest operating gains translate into outsized percentage moves. EBIT growth of 46% is the cleaner measure of operational improvement. With growth recorded across all four business lines and freight forwarding setting records, the recovery appears broad rather than driven by a single contract or route.

What's next

Full-year 2026 results will show whether the second-half acceleration holds and how close nine-month EBIT of AED233 million lands to a full-year run rate. Investors will also watch for disclosure of Accelerate28 targets and segment-level margins.

Source: WAM (Emirates News Agency)