DP World H1 2026: Jebel Ali volume down 59.5%, the rest of the network up 5.4%

By Aisha Al Mansoori · 23 October 2026

Editorial

DP World's first-half 2026 revenue rose 13.1%, but adjusted EBITDA fell 5.6% because traffic at Jebel Ali, its biggest port, fell sharply.

$12.7bnRevenue, H1 2026+13.1% (4.1% like-for-like)

$2.86bnAdjusted EBITDA (from $3.03bn)-5.6%

22.5%EBITDA margin, from 27.0%-4.5 points

42.8m TEUGross throughput (from 45.4m)-5.7%

$585mProfit for the period (one outlet)-39.1%

Change versus the first half of 2025, %

Jebel Ali volume, Q2-90.1%

Jebel Ali volume, H1-59.5%

Group throughput-5.7%

Adjusted EBITDA-5.6%

Throughput excluding Jebel Ali+5.4%

Adjusted EBITDA excluding Jebel Ali+9.7%

Source: World Cargo News on DP World's 13 August 2026 results.

Jebel Ali against the rest of the network, million TEU

Jebel Ali, H1 2025 (implied)about 7.7m

Jebel Ali, H1 20263.1m

Rest of network, H1 202639.7m

Jebel Ali H1 2025 is implied by the 59.5% fall (our calculation). The rest-of-network figure is 39.6m or 39.7m depending on the outlet.

What happened

Feb 2026 Regional conflict begins; DP World and the cited outlets describe missile and drone attacks across the Gulf.
March Debris from an intercepted missile or drone starts a fire at a Jebel Ali berth; operations are paused briefly as a precaution.
Q2 Vessel traffic through the Strait of Hormuz falls; Jebel Ali handles 374,000 TEU, down 90.1%.
July Agreement in principle with the Fujairah Ports Authority for two east-coast terminals on a 50-year concession.
13 Aug H1 results: capex of $1.5bn, about $3bn expected for 2026.