Aramex Third-Quarter Profit Rises 817% on Record $539.5M Revenue

Aramex earned $13 million (AED 47.8 million) in net profit in the third quarter, 817% more than in the same period a year earlier, as revenue reached a record $539.5 million (AED 1.98 billion). The Dubai-listed logistics company reported the results on Monday. Revenue climbed 24% year on year.

Quarterly EBITDA came to $51.7 million (AED 189.8 million), up 16%, and EBIT rose 46% to $25.5 million (AED 93.8 million). Gross profit grew 12% to $113 million (AED 415.1 million). The gross margin narrowed to 21% from 23.2%.

Freight Forwarding was the main engine of growth and posted its second consecutive quarterly revenue record. Sales increased in all four of Aramex's divisions: Domestic Express, International Express, Freight Forwarding, and Logistics & Supply Chain Solutions. The company attributed the performance to customer demand, pricing discipline and its multimodal network, which pairs land routes connecting Europe and the Middle East with air and sea charter capacity.

That shift has a cost attached. As Freight Forwarding takes a larger share of the top line, the gross margin compresses. It stood at 21.2% for the first nine months, against 22.8% a year earlier.

For the nine months to September 30, net profit was $30.6 million (AED 112.2 million), compared with $3.6 million (AED 13.1 million) in 2025, an increase of 759%. Revenue rose 16% to $1.5 billion (AED 5.41 billion). EBITDA was $140 million (AED 514.2 million), up 24%, and EBIT reached $63.4 million (AED 232.9 million), up 65%. The net profit margin improved to 2.1% from 0.3%.

Aramex held $121.2 million (AED 445 million) in cash at the end of the period, with a debt-to-EBITDA ratio of 2.7 times, including IFRS 16 lease liabilities. The company said tighter cost and overhead management under its Accelerate28 transformation program contributed to the improvement in operating profitability.

Group CEO Amadou Diallo said the company remains focused on lifting efficiency and accountability across its operations while advancing Accelerate28. He placed sixth in the Transport & Logistics category of a 2026 sustainability leaders ranking, which highlighted Aramex's solar energy operations, its expanding electric vehicle fleet and a $222 million sustainability-linked debt refinancing completed during the year.

Those percentage gains rest on a thin base: nine months of profit at $3.6 million makes a large jump arithmetically easy. The sturdier signal sits in operating leverage, where EBIT grew 65% on 16% revenue growth — the point at which cost discipline becomes visible in the accounts.

Aramex traded at $0.52 (AED 1.9) as of 11:05 AM Arabia Standard Time on Tuesday, valuing the company at $691.6 million (AED 2.54 billion).