Marine Port & Services company Adani Ports & Special Economic Zone announced Q1FY26 results Q1FY26 Financial Highlights: Domestic ports revenue increased by 14% YoY to Rs 6,137 crore. Domestic ports EBITDA margin stood at 74.6% (vs 72.5% in Q1FY25). International ports revenue increased 22% YoY to Rs 973 crore. EBITDA margin stood at 21% vs 13% in Q1FY25. Logistics revenue grew 2x YoY to Rs 1,169 crore. Marine revenue grew 2.9x YoY to Rs 541 crore. EBITDA increased 13% to Rs 5,495 crore (60% EBITDA margin in Q1FY26 vs 64% in Q1FY25). S&P; Global revised ratings outlook to Positive from Negative. S&P; Global has reaffirmed BBB- rating. Tenor increase and yield reduction achieved through: Issuance of Rs 5,000 crore NCDs for 15 years to LIC. The transaction highlights access to domestic markets for its longest tenure issuance. Launch of tender offer to buy back up to USD 450 million of outstanding USD Bonds. As of 29 July 2025, received USD 384 million of tenders (tender offer will expire on 13 August, 2025). Reduced yield across all bond issuances by up to 116 bps. Q1FY26 cash balance - Rs 16,921 crore; Gross debt - Rs 53,089 crore. Q1FY26 Net debt / EBITDA - 1.8x. Operational Highlights: Handled 121 MMT (+11% YoY) cargo volume in Q1FY26, driven by containers (+19% YoY). All-India cargo market share increased to 27.8% (27.2% in Q1FY25). Container market share stood at 45.2% (45.9% in Q1FY25). Haifa port operated unhindered throughout and reported 25% YoY growth in container volume and 38% YoY growth in other cargo volume during the quarter, leading to overall volume growth of 29% YoY. This led to the highest quarterly revenue and operating EBITDA for Haifa port since acquisition by APSEZ. Krishnapatnam port handled its highest ever cargo volume (5.85 MMT) in June 2025. Handled 179,479 TEUs of container rail volume (+15% YoY) and 6.05 MMT GPWIS volume (+9% YoY). Received approval to commence EXIM operations at Virochannagar (Gujarat), Kishangarh (Rajasthan) and Malur (Karnataka) ICDs. Launched double stack container rake movement between ICD Tumb and ICD Patli. In June 2025, Mundra Port handled the highest ever TEUs by any Indian port in one day (3,234). The port also set a record by loading 23 double-stack container rakes in a single day. Ocean Sparkle integrated cloud-based vessel management system (SeaFlux) across its fleet Ashwani Gupta, Whole-time Director & CEO, APSEZ, said: This quarter’s 21% revenue growth is anchored by extraordinary momentum in our Logistics and Marine businesses, which grew 2x and 2.9x respectively.” “These are no longer ancillary verticals - they are reshaping the contours of our future-ready ports ecosystem. With expanding Trucking and International Freight Network services and fast growing, diversified marine fleet in the MEASA region, we are deepening our integrated transport utility approach and extending our value chain from port gate to customer gate. Coupled with cargo growth and market share gains in the domestic ports business, and higher revenue and improving EBITDA in international ports, we remain firmly on track to meet our FY26 guidance”. Result PDF