Marine Port & Services company Adani Ports & Special Economic Zone announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue: Rs 8,488 crore compared to Rs 6,897 crore during Q4FY24, change 23%. EBITDA: Rs 5,006 crore compared to Rs 4,044 crore during Q4FY24, change 24% PAT: Rs 3,023 crore compared to Rs 2,015 crore during Q4FY24, change 50%. Cargo (MMT): 118 MMT compared to 109 MMT during Q4FY24, change 8% FY25 Financial Highlights: Operating revenue grew by 16% YoY to Rs 31,079 crore. Domestic ports revenue increased 12% YoY to Rs 22,740 crore; Logistics revenue increased 39% to Rs 2,881 crore. Marine revenue increased 82% to Rs 1,144 crore. EBITDA (excluding forex) increased 20% to Rs 19,025 crore. EBITDA margin stood at 61% (59% in FY24). APSEZ continues to maintain excellent financial discipline - net debt to TTM EBITDA stood at 1.9x (vs 2.3x in FY24). For FY25, the APSEZ Board has recommended a dividend of Rs 7 per share. This implies a payout of Rs 1,500 crore. S&P; Global Ratings revised the outlook on APSEZ to “Negative” from “Positive” and reaffirmed the rating at “BBB-“. Moody’s Ratings revised its outlook to negative and reaffirmed its investment grade rating “Baa3”. Fitch Ratings affirmed long-term foreign currency issuer default rating at “BBB-“ and removed from Rating Watch Negative (RWN) and assigned a negative outlook. ICRA reaffirmed the credit rating of long-term fund based / non-fund based limit and nonconvertible debentures of APSEZ at AAA; Stable and commercial paper of APSEZ as [ICRA] A1+. India Ratings & Research reaffirmed the credit rating of non-convertible debentures and bank loans (long-term) of APSEZ as IND AAA / Stable and commercial paper and bank loans (short term) as IND A1+. Ashwani Gupta, Whole-time Director & CEO, APSEZ., said: “Our record-breaking performance in FY25—crossing Rs 11,000 crore in PAT and handling 450 MMT cargo—is a testament to the power of integrated thinking and flawless execution.” “We have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth. From Mundra crossing 200 MMT, to Vizhinjam rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshore—every milestone reflects our long-term vision to become the world’s largest ports and logistics platform. With robust fundamentals, industry-leading ESG ratings and an unwavering commitment to excellence, we are well-positioned for even greater strides in FY26.” Result PDF