Business

Agility Global PLC Reports Strong Q3 2025 Performance With 21% EBIT Growth

Agility Global PLC reported a robust third quarter for 2025, posting an EBIT of $126.7 million, a 21.1% increase compared to the same period last year. Revenue rose 6.7% to $1.3 billion, while EBITDA grew 19% to $214.7 million. Net earnings for the quarter stood at $52 million, or 0.55 cent per share.

For the first nine months of 2025, Agility recorded earnings of $97 million, with EBIT climbing 8% to $316 million. Revenue reached $3.7 billion, marking a 10.2% increase compared to the corresponding period in 2024. As of September 30, 2025, the company’s investment segment held a carrying value of approximately $5 billion, contributing to a total asset base of $12.2 billion.

Tarek Sultan, Chairman of Agility Global, highlighted the company’s continued growth momentum:
“Agility Global delivered another quarter of solid performance. The completion of Menzies’ U.S. acquisition marks a significant milestone that strengthens our global leadership in aviation services. Our businesses continue to gain traction across regions, reflecting our ability to scale effectively and create long-term value.”

Interim Dividends

Agility Global’s Board approved interim cash dividends of $65 million for Q3 2025. Shareholders registered as of the settlement date on 20 November 2025 are eligible to receive the payout.

Controlled Segment Performance

Aviation Services – Menzies Aviation

Menzies Aviation finalized its acquisition of U.S.-based G2 Secure Staff during Q3 2025, expanding its operations significantly across the United States. The transaction, valued at $305 million plus a deferred contingent amount of $10 million, reinforces Menzies’ position as the world’s largest aviation services provider, now operating across 350 airports in 65 countries.

The segment reported $800.2 million in revenue for the quarter, a 13.6% increase year-on-year, supported by higher volumes, stronger yields, and contributions from the newly acquired G2 operations. Menzies serviced nearly 1.4 million flights in the quarter and posted an 11.3% rise in EBITDA. Despite upcoming contract completion in Kuwait in January 2026, the company remains confident in its medium-term growth targets.

Fuel Logistics – Tristar

Tristar delivered a resilient performance, with Q3 EBITDA growing 2% to $60.3 million. Its Maritime segment performed well despite industry challenges, while its Retail Fuel business in Sri Lanka—launched in Q3 2024—continued its upward trajectory. Tristar maintained steady revenues and strong operating margins through disciplined cost control and efficiency-focused initiatives.

Industrial Real Estate – Agility Logistics Parks (ALP)

Agility Logistics Parks generated $14.3 million in Q3 revenue, up 8.2% from last year. EBITDA rose 14.2% to $11 million. Saudi Arabia remained the major driver of growth, with warehousing occupancy levels exceeding 90% amid rising demand. ALP’s development pipeline of 226,000 sqm of new warehouse capacity is progressing as planned, with half already delivered.

The GCC logistics sector continues to benefit from e-commerce expansion, 3PL network development and national industrial diversification. ALP is also exploring new opportunities in East Africa’s high-growth logistics corridors.

Investment Segment

Agility Global’s investment segment, valued at $5 billion as of September 2025, remains anchored by a strategic stake in DSV, the world’s largest freight forwarder. DSV delivered stable results in Q3 despite market headwinds and advanced synergy realization efforts.

Agility is also the lead investor in Reem Mall, a major retail destination on Abu Dhabi’s Reem Island. By September 2025, roughly 70% of the mall’s 183,400 sqm of Gross Leasable Area was open, with an additional 14% under fit-out. The mall recorded its highest-ever footfall in Q3, up 23% year-on-year.

Balance Sheet and Financial Position

As of September 30, 2025, Agility Global reported total assets of $12.2 billion and equity of $5 billion. Net debt, excluding lease liabilities, stood at approximately $3.6 billion, primarily linked to the DSV-funded collar facility.

Operating cash flow for the first nine months reached $320.1 million, while net CAPEX and investments totaled $317 million, reflecting the company’s continued expansion activities.

Outlook

Agility Global enters the final quarter of 2025 with strong momentum, supported by the full integration of the G2 acquisition, Tristar’s efficiency programs, and additional warehouse deliveries from ALP. With its diversified portfolio, strong balance sheet and expanding global footprint, the company remains well-positioned to achieve sustained growth and long-term value creation.