Aramex Third-Quarter Profit Rises to Dh48 Million on Record Dh1.98 Billion Revenue

This was the second record revenue quarter in a row, after Dh1.83 billion in the second quarter. The growth came while shipping through the region was badly disrupted, and Aramex said it kept services running by using alternative land routes between Europe and the Middle East and buying extra air and sea charter capacity. Margins are still thin. The company's net margin for the nine months was 2.1 per cent, up from 0.3 per cent a year earlier.

The size of the jump depends on the base. Last year Aramex reported third-quarter normalised net profit of Dh27 million, Gulf News reported at the time, so the Dh48 million figure is a smaller step up on that measure than the reported numbers suggest. Second-quarter 2026 net profit was Dh47 million, according to Khaleej Times.

Operating profit grew faster than revenue. Earnings before interest and taxes rose 46 per cent to Dh94 million in the quarter, and EBITDA rose 16 per cent to Dh190 million. Gross profit rose 12 per cent to Dh415 million, but gross margin narrowed to 21 per cent from 23.2 per cent, which the company put down to the larger share of lower-margin freight forwarding in the mix.

Revenue rose in all four segments: domestic express, international express, freight forwarding, and logistics and supply chain solutions. Aramex said freight forwarding benefited from steady customer demand, pricing discipline and a diversified transport network.

"Delivering our highest quarterly revenue for the second consecutive quarter marks another important milestone for Aramex," said Amadou Diallo, the group's chief executive. He said the improvement in profitability reflected "disciplined execution, operational efficiency and strengthening the Company's financial performance."

For the first nine months of 2026, net profit rose 759 per cent to Dh112 million from Dh13 million, and revenue rose 16 per cent to Dh5.41 billion. Nine-month EBIT rose 65 per cent to Dh233 million and EBITDA rose 24 per cent to Dh514 million.

Aramex had Dh445 million in cash at September 30 and a debt-to-EBITDA ratio of 2.7, including lease obligations under IFRS 16. The company, which operates in more than 600 cities across 70 countries, said it is pressing ahead with Accelerate28, its transformation programme aimed at efficiency and long-term growth.