• Rising Demand for Local and Regional Solutions: Aramex continues to witness a significant shift in shipment traffic, with brands increasingly focusing on being closer to consumers, gradually shifting activities from long-haul international routes to regional and domestic channels. Shipment volumes during the first half of the year clearly reflect this trend toward bringing inventory closer to key markets, with strong growth in the Domestic Express, Logistics, and Freight Forwarding segments partially offsetting the decline in International Express shipment volumes.
• Revenue Turnaround : Aramex reported relatively stable group-wide revenues of AED 3.06 billion during the first half of 2025, a 1% year-on-year increase. The Domestic Express segment achieved double-digit growth, with revenues increasing by 13%, while the Logistics segment grew by 22% year-on-year during the same period. The Freight Forwarding segment also recorded an 8% year-on-year revenue improvement. In contrast, International Express segment revenues declined by 15% during the first half of 2025.
• Business Sector Contribution: As expected, the contribution of the high-margin international express segment to the group's revenues and profits declined during the first half of 2025, resulting in a significant shift in the segments' contribution to the group's performance and profit structure. The decline in the gross profit of the international express segment amounted to AED 83 million, offset by the growth in the gross profit of the domestic express services segments (up AED 8 million), freight services (up AED 9 million), and logistics services (up AED 22 million).
• Pressure on Profitability : Aramex's profitability has adapted to the shift in the contribution ratios of various segments to the group's performance, which has impacted margins and led to a change in the group's profit structure. Gross profit margin stabilized at 23% during the first half of 2025, while gross profit declined by 6% year-on-year to AED 694 million, in parallel with a decline in net profit levels . During the first half, the group recorded non-recurring expenses of AED 26 million related to the costs of the acquisition of the company by Q-Logistics, the restructuring of the company's regional business, and the transformation program, which placed additional pressure on EBIT and net profit. Excluding the impact of these non-recurring items, the company recorded an adjusted EBIT of AED 95 million during the first half, while adjusted net profit reached AED 33 million, reflecting a significant decline in profitability of 32% and 34%, respectively .
• Accelerate28 : The Group's Accelerate28 transformation program, launched during the first quarter of 2025 , is still in its early stages and is witnessing significant progress. With the implementation of the new four-regional business structure and the implementation of value-enhancing initiatives, the company continues to focus on maintaining profit margins, while continuing to invest in strategic areas in response to the rapidly changing sector .
• Acquisition by ADQ : On July 25, 2025, Aramex announced that it had become a subsidiary of ADQ , following the completion of regulatory approvals for ADQ 's successful acquisition of a 63% stake in the company, executed through Q Logistics and Abu Dhabi Ports. This partnership underscores the distinct value and strong position Aramex has built to date and opens new horizons for innovation, expansion, and growth .

Dubai, United Arab Emirates: Aramex, a leading global provider of comprehensive logistics and transportation solutions listed on the Dubai Financial Market (DFM) under the trading symbol (ARMX) , today announced its financial results for the second quarter and first half ending June 30, 2025.

Commenting on the financial results for the first half of 2025, the company’s CEO said:   Nicolas Sebouih, Acting Group Chief Executive Officer, Aramex : “The results for the first half of 2025 reflect our unwavering commitment to the effective execution of our strategies and thoughtful responses to evolving customer needs. Despite pressure on profit margins and a shift in the contribution of various sectors to performance, we have taken decisive steps through our Accelerate 28 strategy to restructure our operations, enhance our ability to serve customers more efficiently in key markets, and lay the foundations for sustainable, long-term value creation. The partnership with ADQ represents a significant strategic milestone that will contribute to accelerating the Group’s transformation program.”

The group's most prominent financial results

The financial results for the first half reflect stable revenues, continued adjustment in profit margins, and a broad-based transformation in the business structure, as Aramex continues to keep pace with rapid changes in the sector and enhance its readiness for future growth .

The group's revenues stabilized at AED 1.50 billion during the second quarter of 2025, remaining largely unchanged compared to the same quarter last year. Revenues for the first half of the year reached AED 3.06 billion, a 1% year-on-year increase .

Regionally, Aramex recorded double-digit revenue and gross profit growth in the GCC during the second quarter of 2025, and single-digit growth in the Asia-Pacific region, offsetting slower performance in other markets around the world, a pattern also reflected in the first-half results .

As global supply chains continue to shift toward regionalization, Aramex continues to evolve its service portfolio to accommodate the shift in freight flows as customers move their inventory closer to key consumer markets, in line with supply chain localization and enhanced regional integration. The company is addressing this strategic shift by focusing on operational efficiency, data-driven performance management, and innovation focused on improving customer service .

The domestic express and logistics sectors performed strongly, with domestic express revenues growing by 12% in Q2 and 13% in H1, while logistics revenues grew by 23% in Q2 and 22% in H1, reflecting increased demand for local and regional solutions. In contrast, international express revenues declined by 16% in Q2 and 15% in H1, as freight flows shifted from long-haul routes to local and regional solutions, in line with supply chains moving closer to key consumer markets. The freight services sector grew by 7% in Q2 and 8% in H1, supported by significant improvements in total shipment volumes across air, ocean, and land freight services .

Aramex achieved this growth in shipment volumes despite market challenges, including declining oil prices and the subsequent slowdown in energy sector activity, geopolitical tensions, the closure of some airspace, and fewer working days due to the Eid al-Fitr and Eid al-Adha holidays during the second quarter of 2025 .

The group's selling, general, and administrative expenses increased by 3% year-on-year during the second quarter, representing 21% of total revenue. However, excluding non-recurring expenses related to the regional business restructuring and transformation program, adjusted expenses decreased by 2%, in line with Aramex's cost control approach and strategic focus on enhancing performance. First-half expenses followed a similar trend, reflecting the group's continued cost control approach .

Gross profit reached AED 694 million during the first half of 2025, with a gross profit margin of 23%, compared to 24% during the same period last year. In the second quarter, the gross profit margin reached 22%, reflecting a steady trend during the first half. The margin decline is due to the ongoing shift in the contribution of sectors to the group's performance, the increase in direct costs resulting from capacity expansion in key markets, and the continuation of pricing pressures and the increase in inflationary pressures .

Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached AED 252 million during the first half (down 20% year-on-year), while EBITDA reached AED 77 million (down 45%) due to a decline in overall profitability. During the second quarter, EBITDA reached AED 105 million, while EBITDA reached AED 16 million .

Amidst the transitional phase that Aramex is undergoing, and with its continued investment in developing regional capabilities and long-term transformation initiatives, the group recorded net profits of AED 8 million in the first half of 2025, while net losses in the second quarter amounted to AED 9 million .

The decrease in EBIT and net profit was primarily due to a shift in the contribution of segments to the group's performance, a decline in overall profitability, and the recording of one-off expenses, including those related to the acquisition by ADQ , the transformation program, and the restructuring of the regional business. Excluding these one-off expenses, adjusted EBIT for the second quarter was AED 31 million, a 33% decrease year-on-year, and adjusted net profit was AED 5 million, an 87% increase. For the first half, adjusted EBIT was AED 95 million, and adjusted net profit was AED 33 million .

Balance Sheet: Aramex maintained a strong financial position, with a cash balance of AED 542 million and a debt-to-EBITDA ratio of 3.4 times as of June 30, 2025 (with IAS 16 implementation), providing a solid foundation to support the Group’s future investments and transformation initiatives.

Accelerate 28

The Accelerate 28 transformation program was launched during the first quarter of 2025 and is still in its early stages, progressing well. The comprehensive and complex transformation program consists of nine work streams covering key regions, business sectors, and units within the group. Aramex plans to implement more than 300 initiatives within the program, with the full impact on EBIT expected to be realized by 2028 .

As we begin implementing these value-adding initiatives, complete the restructuring of operations into four operating regions, and identify strategic growth priorities, Aramex continues to focus on protecting profitability while investing in strategic areas in response to the rapidly changing industry .

Key financial results by business sector

Aramex's Express segment includes international express and domestic express shipping services, which are managed within a single, integrated division.

The sector recorded a 3% year-on-year growth in shipment volume during the first half and second quarter of 2025, reaching 68 million shipments in the first half and 33 million in the second quarter. This growth was driven entirely by the performance of the domestic express freight services sector, which added 3 million shipments during the second quarter, while international express shipment volumes declined by 1 million during the same period. The first half saw similar trends .

Express segment revenues reached AED 1.91 billion during the first half of 2025, a 4% year-on-year decline, while second-quarter revenues reached AED 916 million, a 5% decrease. Gross profit for the segment reached AED 508 million during the first half, with a gross profit margin of 27%. The segment's profitability was impacted by a decline in the number of long-haul shipments, along with higher costs resulting from several factors, most notably: first, managing the increase in the number of domestic express shipments; and second, higher variable costs resulting from hiring additional staff to meet increased demand during the extended holiday period without any change to core operational capabilities.

Total shipments in the freight services sector

The freight services sector generated revenues of AED 871 million during the first half of 2025 and AED 438 million in the second quarter of the same year, representing growth of 8% and 7%, respectively, compared to the same period last year. The sector benefited from significant growth in total shipments across air, sea, and land freight services, despite ongoing geopolitical tensions in the region, which impacted cross-border cargo movement in both land and air freight .

During the first half, total air freight shipments increased by 8%, ocean freight (full container load) by 13%, and ocean freight (less than container load) by 35%, while total land freight (less than truckload) shipments grew by 22%. Trends witnessed in the second quarter reinforced the growth trajectory, reflecting Aramex’s ability to support trade across various sectors and geographies. This performance was supported by an unprecedented operational achievement in Aramex’s second quarter of 2025, represented by the largest air freight charter operation in the company’s history, on both the US-Middle East and Dubai-Middle East trade routes .

Gross profit for the sector reached AED 117 million in the first half and AED 57 million in the second quarter, with the gross profit margin remaining stable at 13% across both periods. Operational efficiency, disciplined pricing, and improved networks contributed to mitigating inflationary and competitive pressures. However, the outlook remains uncertain due to US tariffs, which are causing volatility in some key trade routes, in addition to the decline in oil prices, which is impacting shipping activity .

Summary of financial results for the Logistics and Supply Chain Management Solutions sector

The Logistics and Supply Chain Management (SCM) segment recorded revenue growth of 22% in the first half of 2025 and 23% in the second quarter of the same year, reflecting strong demand for warehousing, order processing, and delivery services. Aramex continued to operate its warehouses and logistics centers at near-full occupancy rates throughout the first half, driven by inventory relocation closer to key consumer markets and the signing of new customer contracts .

Gross profit for this segment jumped 75% year-on-year in the first half to AED 50 million, while gross profit more than doubled in the second quarter to AED 27 million, driven by improved revenue quality and higher revenue per square meter in key facilities .

Gross profit margin improved significantly to 21% in the second quarter of 2025, reflecting the sector's growing contribution to the group's profitability, while the gross profit margin for the first half of the year reached 19 % .

About Aramex:  

Since its founding in 1982, Aramex has grown rapidly to become a leading brand in the logistics and transportation sector, distinguished by its specialized services and innovative global solutions that meet the needs of businesses and individuals worldwide. Listed on the Dubai Financial Market (since 2005), Aramex is headquartered in the United Arab Emirates, benefiting from the country's location as a bridge between East and West.

Today, our operations span more than 600 cities in over 70 countries worldwide, employing over 16,000 experts in the field of transportation and freight. Aramex's operations are concentrated within four main business sectors, ensuring a broad and diverse scope of operations and providing comprehensive service offerings that meet the needs of all customer segments, from businesses to individuals. These services include:

• International express shipping services including Aramex package consolidation and shipping services (“Shop & Ship and MyUS”).
• Express local shipping services
• Shipping services
• Logistics and Supply Chain Solutions

Sustainability is a fundamental pillar in achieving our vision and mission. We are fully aware that developing our business and maintaining its true sustainability requires us to leverage our core competencies to make a positive impact, as part of our commitment to applying the concepts of good corporate citizenship in all the communities in which we operate. Therefore, we continue to collaborate with local and international organizations focused on achieving the same goals, with the aim of reaching more beneficiaries each year through carefully targeted and thoughtful initiatives and programs, ensuring a positive long-term impact and contributing to the development and growth of communities. We are committed to contributing to building a better and more sustainable future, so we seek to achieve net-zero emissions by 2050, and we are keen to align our efforts with global climate action targets and integrate sustainable practices across all our operations.

For more information, please visit www.aramex.com .

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