DP World reveals “remarkable” record revenue of £15.4bn in 2024

On a reported basis, revenue grew by 9.7% and adjusted EBITDA rose by 6.7% to  £4.24bn ($5.5bn) with an adjusted EBITDA margin of 27.2%.

Commenting on the results, Sultan Ahmed bin Sulayem, DP World Group chairman and chief executive, said: “We are proud to report record revenue of $20bn and record EBITDA of $5.5bn for 2024, a remarkable achievement given the complex geopolitical landscape.

“These results demonstrate the benefits of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions and disciplined cost optimization.

“This strategy is positioning DP World for sustained long-term growth and value creation.

“By enhancing efficiency, expanding our capabilities and deepening partnerships, we are building a resilient business, well-equipped to capitalise on new opportunities as global trade evolves.

“We continue to strengthen our logistics platform, attracting more cargo owners with end-to-end, tailored solutions that drive efficiency and improve the flow of trade. The increased demand for our integrated offerings highlights the value we bring to customers seeking optimized, high-performance supply chain solutions.

“Our asset-appropriate strategy, combined with critical infrastructure in key markets, ensures that we scale efficiently while delivering specialized capabilities where they are needed most.

“Strategic investments in high-growth sectors and emerging trade corridors are expanding our expertise, enabling us to provide value-added solutions.

“By enhancing connectivity and streamlining supply chains, we are reinforcing DP World’s role as a leading trade enabler—helping cargo owners navigate complexity, go to market quicker and build greater supply chain resilience.

“In 2024, we delivered a strong performance, further reinforcing our financial position by reducing net leverage and strengthening the balance sheet. While the year has started on a positive note, global trade remains in flux due to ongoing geopolitical challenges. We remain confident in the strength of our portfolio, which we expect to continue delivering robust performance.

“As part of our long-term strategy, we continue to invest in our portfolio through targeted bolt-on acquisitions, expand into new locations and add high-value capabilities that align with our clients’ evolving needs. We maintain a positive medium-term outlook, supported by strong industry fundamentals and DP World’s ability to deliver sustainable, long-term returns.”

In other news, the company has announced that Thurrock Council has approved a new 10-year Local Development Order (LDO) to enable continued expansion and job creation at DP World’s London Gateway Logistics Park.

The LDO supports the Park’s customers by streamlining planning processes for new construction projects, which are all built to a BREEAM ‘Outstanding’ classification as standard.

Under the LDO, new builds at the Park are granted final approval within 28 days, enabling rapid progression from agreeing a lease to construction and establishment of new facilities, and making London Gateway attractive for fresh investment.

The Park is the largest facility of its type in the UK, with extensive connections to key markets, and has now developed half of its nine million sq. ft site, with the 10-year extension expected to support the utilisation of the Park’s remaining space.

This year, the Park’s first two manufacturing tenants, Destiny Entertainments and Ranson, moved into new facilities at the beginning of 2025.

Alan Holland, DP World London Gateway Logistics Park chief executive, said: “Our new 10-year Local Development Order, combined with our fantastic access to transport connections and important markets, makes London Gateway Logistics Park well placed to continue our rapid growth.

“I am delighted to continue our strong partnership with Thurrock Council ensuring we can support the creation of hundreds of new jobs by DP World and our customers, boost prosperity across the local area, and enable us to offer market leading levels of sustainability and innovation.This planning milestone reinforces London Gateway as a world-class logistics and technology hub.

“We look forward to continuing our close collaboration with the local authority, which sees public and private sectors working together to unlock the full potential of this site to support customers, key UK markets and the local community in Thurrock.”

The Park also sits within the government-backed Thames Freeport, which was established in 2021, providing tenants of the site with wide-ranging financial benefits, including business rate, stamp duty and national insurance contributions relief.

A previous 10-year LDO was agreed in 2013 and resulted in the construction of 17 for 16 occupiers, totalling more than 4 million sq ft and creating 1,500 permanent jobs onsite.