Dubai-listed logistics company Aramex delivered a sharp turnaround in the second quarter of 2026, returning to profitability as record freight forwarding revenue and stronger demand lifted group sales to their highest quarterly level in the company’s history.
Aramex generated net profit of AED47.4 million ($12.9 million) during the three months ended June 30, compared with a reported loss of AED9.3 million in the same quarter of 2025. Against normalized Q2 2025 earnings, net profit increased roughly sevenfold.
Quarterly revenue climbed 22% year on year to AED1.83 billion, with both May and June delivering record monthly revenue. The performance pushed first-half revenue to AED3.43 billion, up 12% from AED3.06 billion a year earlier.
The results underline the logistics group’s improving operating performance despite continuing regional disruption that complicated trade routes and increased transportation challenges across parts of the Middle East.
Freight Forwarding Drives Aramex’s Record Quarter
Freight forwarding emerged as the key growth engine during the period.
Aramex said the division generated its highest quarterly revenue on record, supported by stronger customer demand, disciplined pricing and a diversified mix of air, sea and land transportation services.
The performance is particularly significant because the company was operating in an environment where regional instability forced logistics providers to rethink traditional routes.
Instead of relying exclusively on established shipping channels, Aramex activated alternative transportation options to keep customer cargo moving.
Those measures included new land routes linking Europe with the Middle East as well as expanded air and sea charter capacity.
This flexibility helped the company maintain trade flows while responding to customers whose regular transport arrangements had been disrupted.
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Q2 Revenue Reaches an All-Time High
Group revenue of AED1.83 billion marked a new quarterly record for Aramex.
That represented an increase of AED332.6 million from AED1.50 billion in Q2 2025.
The 22% year-on-year increase was considerably stronger than the growth recorded during the first quarter, demonstrating accelerating momentum as the year progressed.
Aramex reported Q1 revenue of AED1.60 billion, up 2% year on year, meaning the second quarter represented a clear step-up in trading activity.
Combined revenue for the first half subsequently reached AED3.43 billion.
Gross Profit Rises 19%
The increase in sales translated into stronger gross earnings.
Second-quarter gross profit rose 19% year on year to approximately AED391.8 million from AED329.3 million.
The gross profit margin stood at 21.4%, slightly below the 22% reported in Q2 2025.
For the first six months, gross profit reached AED734.3 million, representing growth of 6% from AED693.9 million in the corresponding period.
The first-half gross profit margin was also 21.4%, compared with 22.7% a year earlier.
While margins remained under some pressure, stronger revenue volumes provided enough absolute gross profit growth to support a significant earnings recovery.
Operating Profit Improves Sharply
Aramex’s improvement was even more pronounced further down the income statement.
Earnings before interest and tax reached AED87.1 million during Q2, compared with AED16.1 million in the prior-year quarter on a reported basis.
Using normalized 2025 figures, EBIT increased 173% from AED31.9 million.
The EBIT margin expanded to 4.8%, compared with a normalized 2.1% a year earlier.
For the first half, EBIT reached AED139.1 million, with the normalized year-on-year comparison showing growth of 46%. The EBIT margin improved to 4.1% from 3.1%.
The stronger operating result suggests that the company’s revenue growth is increasingly flowing through to profitability.
Aramex Posts AED47.4 Million Q2 Net Profit
The company’s bottom line showed the clearest evidence of the turnaround.
Net profit reached AED47.4 million in Q2 2026, equivalent to roughly $12.9 million.
A year earlier, Aramex reported a quarterly net loss of AED9.3 million. On a normalized basis, Q2 2025 generated net profit of AED5.9 million, meaning the latest result was around seven times higher.
The Q2 net profit margin improved to 2.6%.
For the first six months of the year, net profit reached AED64.4 million, compared with reported earnings of only AED7.9 million in H1 2025. Against normalized first-half 2025 profit of AED33.4 million, the increase was 93%.
Accelerate28 Begins to Show Results
Management attributed part of the improved performance to its Accelerate28 transformation programme.
The initiative focuses on improving operational efficiency, controlling costs and strengthening the company’s long-term competitive position.
Aramex said the programme produced measurable benefits during the first half of 2026, alongside tighter management of operating expenses and overheads.
For a logistics group operating across dozens of countries, even relatively small improvements in routing, fleet utilization, warehousing and administrative efficiency can have a meaningful effect on profitability.
The Q2 numbers suggest those efforts are beginning to become visible in the company’s financial results.
Regional Disruption Tests Logistics Networks
The quarter was not without challenges.
Regional instability disrupted established trade channels, forcing businesses and logistics providers to search for alternative routes.
Aramex responded by using its Middle East gateway network to redirect cargo and expand multimodal transportation options.
The company introduced additional Europe-to-Middle East land transport solutions and increased its use of air and sea project charters.
These measures were designed to maintain service continuity and prevent customers from experiencing prolonged supply-chain interruptions.
Aramex also said commercial measures helped mitigate the impact of elevated fuel prices in several markets.
Domestic Express Continues Growing
Freight forwarding generated the most significant growth, but other parts of the business also provided support.
Domestic Express continued to expand during the second quarter, while International Express shipment volumes were broadly stable after declines in previous periods.
The stabilization of International Express could be important for the group’s future performance.
A more balanced contribution from freight, domestic delivery, international express and logistics services can reduce dependence on any single segment.
Aramex operates through four main business areas: International Express, Domestic Express, Freight Forwarding, and Logistics and Supply Chain Solutions.
Aramex Q2 2026 Financial Highlights
| Metric | Q2 2026 | Year-on-Year Performance |
|---|---|---|
| Group revenue | AED1.83 billion | +22% |
| Gross profit | AED391.8 million | +19% |
| Gross profit margin | 21.4% | Down from 22.0% |
| EBIT | AED87.1 million | Strong increase |
| EBIT margin | 4.8% | Up from 1.1% reported |
| Net profit | AED47.4 million | Turnaround from loss |
| Net profit margin | 2.6% | Up from -0.6% |
| H1 revenue | AED3.43 billion | +12% |
| H1 net profit | AED64.4 million | Strong increase |
Aramex’s official results show that Q2 delivered both its highest quarterly group revenue and its highest Freight Forwarding revenue on record.
H1 Revenue Climbs to AED3.43 Billion
The second-quarter acceleration pushed first-half revenue to AED3.43 billion, compared with AED3.06 billion during the first half of 2025.
That represented growth of approximately 12%.
The first-half numbers are significant because they demonstrate that the Q2 performance was strong enough to materially improve the company’s overall year-to-date trajectory.
H1 EBITDA also increased to AED324.4 million from AED251.7 million, equivalent to growth of 29%.
The EBITDA margin reached 9.5%, up from 8.2%.
Strong Cash Position Supports Transformation
Aramex ended June with a cash balance of approximately AED503 million.
Its debt-to-EBITDA ratio, including IFRS 16 obligations, stood at 2.7 times.
Management described the company’s financial position as robust enough to continue supporting investment in the Accelerate28 programme and other long-term growth priorities.
Maintaining liquidity is particularly important in logistics, where companies often need to invest heavily in warehouses, vehicles, digital platforms and transport capacity.
CEO Points to a More Resilient Aramex
Group Chief Executive Officer Amadou Diallo said the second-quarter performance demonstrated progress in executing the company’s strategy.
Management highlighted record revenue, stronger freight forwarding and significantly improved profitability as evidence that Aramex’s diversified operating model is becoming more resilient.
The company’s ability to switch transportation routes quickly also emerged as an important advantage during the quarter.
Regional logistics networks can become vulnerable when geopolitical events disrupt ports, shipping lanes or aviation routes. Providers with access to multiple modes of transport can respond by moving cargo through alternative gateways.
Why Freight Forwarding Matters to Aramex
Freight forwarding involves organizing the movement of goods through air, sea, land or combinations of those transport methods.
Unlike traditional parcel delivery, freight forwarding often handles larger commercial shipments and complex international supply chains.
Demand can rise sharply when companies need specialized routes or alternative transportation arrangements.
The disruption experienced during Q2 therefore created challenges but also increased demand for logistics companies capable of providing flexible alternatives.
Aramex’s record freight performance suggests it successfully captured part of that opportunity.
A Different Picture From Q2 2025
The latest results represent a notable change from the same period last year.
In Q2 2025, Aramex reported a net loss of AED9 million as the company navigated a transitional period and continued investing in regional capabilities and transformation initiatives.
A year later, quarterly revenue has reached a record and earnings have returned firmly to positive territory.
The comparison suggests that some of the restructuring and efficiency measures implemented over the past year are starting to improve financial performance.
Outlook Focused on Efficiency and Profitability
Aramex said its priorities for the remainder of 2026 include strengthening operational performance, improving execution efficiency and supporting sustainable profitability.
The company also intends to continue investing in capabilities needed for future growth.
The outlook will depend partly on global and regional trade conditions.
Freight rates, fuel costs, consumer demand and geopolitical developments can all influence logistics-sector earnings.
However, Aramex’s ability to generate record revenue during a disrupted quarter demonstrates the value of having a flexible international network.
Final Thoughts
Aramex delivered one of its strongest recent quarters in Q2 2026, combining record revenue of AED1.83 billion with a return to net profitability.
Net profit reached AED47.4 million, compared with a loss in the corresponding quarter last year, while freight forwarding produced the highest quarterly revenue in the company’s history.
The company’s first-half performance also strengthened, with revenue reaching AED3.43 billion and net profit rising to AED64.4 million.
Alternative transport routes, strong freight demand, disciplined costs and benefits from the Accelerate28 programme all contributed to the improvement.
The next test will be whether Aramex can sustain this momentum as regional trade conditions evolve and whether record freight activity can translate into consistently stronger margins over the remainder of 2026.
Frequently Asked Questions
How much profit did Aramex make in Q2 2026?
Aramex reported net profit of AED47.4 million ($12.9 million) for the second quarter of 2026.
How much revenue did Aramex generate?
Q2 group revenue reached a company-record AED1.83 billion, up 22% year on year.
What drove Aramex’s Q2 growth?
Freight Forwarding was the main driver, supported by customer demand, pricing discipline and increased use of land, air and sea transportation options.
How did Aramex perform in the first half of 2026?
H1 revenue increased 12% to AED3.43 billion, while net profit reached AED64.4 million.
What is Accelerate28?
Accelerate28 is Aramex’s transformation programme focused on improving operating efficiency, cost management and long-term profitability. The company says initiatives under the programme contributed to improved H1 2026 performance.
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