Aramex Q3 net profit surges 817% as revenue hits record $540M. Nov 10, 2026, 0:34 AM Aramex reported an 817% increase in third-quarter net profit to $13 million, supported by record revenue. Image by Aramex / Facebook Dubai-listed logistics company Aramex reported an 817% year-on-year surge in third-quarter net profit to $13 million (AED 47.8 million) as revenue rose 24% to a record $539.5 million (AED 1.98 billion), according to its financial results released Monday. Aramex financials. * Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 16% year-on-year to $51.7 million (AED 189.8 million) in Q3, while earnings before interest and taxes (EBIT) rose 46% to $25.5 million (AED 93.8 million). * Gross profit increased 12% to $113 million (AED 415.1 million) in Q3, although the gross profit margin narrowed to 21% from 23.2% a year earlier. * For the first nine months of 2026, net profit rose 759% year-on-year to $30.6 million (AED 112.2 million), up from $3.6 million (AED 13.1 million) a year earlier. Revenue rose 16% to $1.5 billion (AED 5.41 billion). * EBITDA rose 24% to $140 million (AED 514.2 million) between January and September, while EBIT increased 65% to $63.4 million (AED 232.9 million). * Aramex reported a cash balance of $121.2 million (AED 445 million) as of September 30, with a debt-to-EBITDA ratio of 2.7 times, including lease liabilities under IFRS 16. * The company's nine-month net profit margin improved to 2.1% from 0.3% in the corresponding period of 2025, reflecting higher operating profitability and cost management. Freight forwarding drives record revenue. Freight Forwarding remained Aramex's main growth driver, achieving its second consecutive quarterly revenue record, according to the company's earnings announcement. Revenue increased across all four business segments, including Domestic Express, International Express, Freight Forwarding, and Logistics & Supply Chain Solutions. The company attributed the performance to customer demand, pricing discipline and its multimodal transportation network, which includes alternative land routes connecting Europe and the Middle East, alongside air and sea charter capacity. However, the growing contribution from Freight Forwarding altered the group's revenue mix, contributing to lower gross profit margins. For the first nine months, the margin narrowed to 21.2% from 22.8% a year earlier. Accelerate28 transformation. Aramex said improved operating profitability was partly due to tighter management of costs and overhead expenses as it continued implementing its Accelerate28 transformation program. Group CEO Amadou Diallo said the company remained focused on improving efficiency and accountability across its operations while advancing the program. Forbes ranking. Aramex Group CEO Amadou Diallo ranked sixth in the Transport & Logistics category of Forbes Middle East's Sustainability Leaders 2026. The ranking highlighted Aramex's solar energy operations, electric vehicle fleet expansion and $222 million sustainability-linked debt refinancing completed in 2026. Aramex had a market capitalization of $691.6 million (AED 2.54 billion) at a share price of $0.52 (AED 1.9) apiece as of 11:05 AM AST Arabia on Tuesday.

Aramex quarterly profit surges 817% as revenue hits record Dh1.98 billion. Freight forwarding drives second quarter of record revenue, but gross margins narrow Last updated: November 10, 2026 | 15:21 Ask Gulf news anything What drove Aramex's freight forwarding growth in Q3 2026? How did Aramex's debt-to-EBITDA ratio affect its financial position? Why did Aramex's gross profit margin narrow in Q3 2026? Full Summary Aramex reported a record quarterly revenue of Dh1.98 billion for the third quarter of 2026, driven largely by strong demand in its freight forwarding division. While the company saw an 817% surge in net profit compared to the third quarter of 2025, its gross profit margins narrowed due to the shifting revenue mix toward freight forwarding. Dubai: Aramex reported an 817% jump in third-quarter net profit to Dh47.8 million, as strong demand for freight forwarding services pushed revenue to a record Dh1.98 billion for the second consecutive quarter. The Dubai-listed logistics company's revenue rose 24% from Dh1.60 billion a year earlier, surpassing the previous quarterly record of Dh1.83 billion set in the April-June period. Net profit increased from Dh5.2 million in the third quarter of 2025, according to financial results released on Monday. The sharp rise in earnings came as Aramex expanded revenue across all four business divisions and tightened operating costs, although a greater contribution from freight forwarding weighed on gross profit margins. Operating profit, measured by earnings before interest and tax (EBIT), increased 46% to Dh93.8 million from Dh64.1 million a year earlier. The operating margin improved to 4.7% from 4%, while the net profit margin widened to 2.4% from 0.3%. Get updated faster and for FREE: Download the Gulf News app now - simply click here. Freight forwarding leads growth. Freight forwarding remained Aramex's biggest growth driver, recording its second consecutive quarter of record revenue after surpassing the previous high achieved in the second quarter. SPONSORED LINKS BY PROJECT AGORA The company attributed the performance to sustained customer demand, pricing discipline and its ability to transport shipments through different modes, including air, sea and land. Aramex said it maintained uninterrupted services during the quarter by using alternative land routes between Europe and the Middle East, alongside air and sea charter capacity. These arrangements provided customers with additional transport options as the company managed operating pressures across its markets. Revenue also increased across its Domestic Express, International Express and Logistics & Supply Chain Solutions divisions, although the company did not provide individual revenue figures or growth rates for those businesses in its earnings statement. "Delivering our highest quarterly revenue for the second consecutive quarter marks another important milestone for Aramex," said Amadou Diallo, Group Chief Executive Officer. "Following the record performance achieved in Q2, we have continued this momentum into Q3, with Freight Forwarding once again leading our growth." Profit margins face pressure. Despite the stronger revenue and earnings performance, Aramex reported a decline in gross profit margins, reflecting changes in the composition of its business. Gross profit rose 12% to Dh415.1 million during the quarter, slower than the 24% increase in revenue. As a result, the gross profit margin narrowed to 21% from 23.2% a year earlier. Aramex attributed the decline to the growing contribution from freight forwarding, which changed the overall revenue mix. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 16% to Dh189.8 million, although the EBITDA margin slipped to 9.6% from 10.2%. The company said revenue growth and tighter management of operating costs and overheads supported its improvement in operating profit and net earnings. Profit rises to Dh112 million. For the first nine months of 2026, Aramex reported revenue of Dh5.41 billion, up 16% from Dh4.66 billion in the corresponding period last year. Net profit surged 759% to Dh112.2 million from Dh13.1 million, while operating profit increased 65% to Dh232.9 million. The nine-month operating margin improved to 4.3% from 3%, reflecting stronger operating profitability and continued cost management. Gross profit increased 8% to Dh1.15 billion, although the gross profit margin narrowed to 21.2% from 22.8% a year earlier. EBITDA rose 24% to Dh514.2 million, with the corresponding margin improving to 9.5% from 8.9%. Advances restructuring programme. Aramex said it continued implementing its Accelerate28 transformation programme, which focuses on improving operational efficiency, accountability and profitability across its businesses. "We remain focused on advancing Accelerate28 and embedding greater efficiency and accountability across our operations," Diallo said. "The progress achieved during the year reinforces our confidence in the direction of our transformation program as we continue strengthening our capabilities, improving profitability and positioning Aramex for sustainable long-term growth." As of September 30, Aramex held Dh445 million in cash and reported a debt-to-EBITDA ratio of 2.7, including lease liabilities accounted for under IFRS 16. The company said its financial position supported continued investment in its transformation programme and long-term growth priorities. Headquartered in the UAE and listed on the Dubai Financial Market, Aramex operates in more than 600 cities across 70 countries and employs over 16,000 people. Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant - helping everyday readers navigate today's economy with confidence. Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions. Get updates on topics you choose. YOU MAY LIKE

How AI and fintech are making the airport baggage carousel obsolete. NEW YORK, NY - November 04, 2026 - The airport baggage carousel is rapidly becoming a monument to a bygone era of travel inefficiency. For decades, the physical burden of hauling suitcases, golf clubs, and ski equipment through crowded terminals was simply accepted as the unavoidable toll of global mobility. But as BriefGlance navigate the travel landscape of 2026, a convergence of artificial intelligence, embedded financial technology, and global logistics is fundamentally rewriting that contract. The latest indicator of this shift comes from the B2B sector, where LuggageToShip.com, an AI-enabled TravelTech platform, announced today that it has been named a 2026 Inc. Power Partner Award winner in the AI, Technology & Development category. Recognized alongside industry heavyweights like Canva and Intuit, the company's platform aggregates shipping rates and orchestrates door-to-door delivery for luggage and sporting equipment across more than 220 countries and territories. This recognition is not merely a corporate milestone; it is a clear signal of how deep-tech integrations are solving analog problems to improve lives. By bypassing the traditional airline checked-baggage system, consumers and enterprise partners are discovering a new paradigm of frictionless mobility - one where your belongings meet you at your destination, rather than dragging you down along the way. Bypassing the baggage carousel: the economics of door-to-door. The strategic rise of luggage courier aggregators is inextricably linked to the increasingly hostile economics of airline baggage policies. Over the past several years, major carriers have transformed checked baggage from a complimentary service into a multi-billion-dollar ancillary revenue stream. The first checked bag on a domestic flight now routinely incurs a fee, while overweight, oversized, and specialty items like snowboards or golf clubs trigger punitive surcharges that can easily exceed the cost of the passenger's ticket. Simultaneously, chronic staffing bottlenecks at airports have made the reliable delivery of checked bags a gamble. It is within this friction that aggregators have found their product-market fit. By partnering with major global logistics couriers - including DHL, FedEx, UPS, USPS, and Aramex - platforms like LuggageToShip.com offer a compelling arbitrage opportunity. "Travelers already compare flights, hotels, and rental cars before they book. We believe shipping luggage should be just as easy," said Mike Ulker, CEO of LuggageToShip.com. "Customers can compare carrier options, book online, track shipments, and travel lighter during some of the busiest travel periods of the year." The cost-benefit analysis is shifting. While international courier transit times may range from two to seven business days, the predictability of a tracked, door-to-door freight network often outweighs the uncertainty of airline handling. For a family relocating overseas, a student moving into a foreign university, or a digital nomad chasing the longevity economy across borders, the ability to ship heavy boxes ahead of time is not just a luxury; it is a strategic logistical choice. The company's reported 100,000-strong customer base and 4.7 Trustpilot rating suggest that consumer trust in this alternative model is solidifying. The TravelTech back-end: automating global relocations. While the consumer value proposition is clear, the truly transformative aspect of this ecosystem lies in its back-end infrastructure. Moving a suitcase from New York to London is relatively straightforward; moving a household's worth of personal effects, navigating international customs, and processing multi-currency payments is a logistical minefield. This is where the intersection of AI and fintech becomes critical. LuggageToShip.com's platform is powered by PayToMe.co, an AI-native commerce and financial infrastructure platform built on AWS, Stripe, and Plaid technologies. This deep integration allows for seamless Text-to-Pay checkouts and automated customer workflow operations, but its most vital function is the automation of customs documentation. Cross-border shipping has traditionally stalled at the customs desk, requiring tedious manual data entry and a deep understanding of localized import regulations. Today, machine learning algorithms can parse shipment details, identify the specific customs forms required for any of the 220+ supported countries, and automatically pre-fill the documentation. As one logistics industry analyst noted recently, "The real bottleneck in global mobility isn't airplanes or delivery trucks; it's paperwork. When you apply AI to regulatory compliance and document generation, you instantly remove days of delay and human error from the supply chain." By automating these pain points, the platform dynamically optimizes carrier rates based on real-time pricing, weight, dimensions, and desired transit times. It is a level of logistical orchestration previously reserved for enterprise supply chains, now democratized for the individual traveler or expatriate. A strategic shift in the travel landscape. The implications of this technology extend far beyond individual leisure travel. The 2026 landscape is defined by fluid mobility: remote work, long-term international assignments, and a booming study-abroad sector. The logistical friction of moving personal belongings has historically been a barrier to this fluidity. LuggageToShip.com's recognition by Inc. highlights the platform's utility as a B2B empowerment tool. The Inc. Power Partner Awards specifically honor companies that excel in helping other businesses operate more efficiently. Beyond its consumer-facing portal, the platform offers white-label capabilities and API integrations for travel agencies, hotels, luxury resorts, universities, and corporate mobility teams. Imagine a luxury resort in the Swiss Alps integrating this shipping API directly into its booking flow. Guests could arrange for their ski equipment to be picked up from their homes in Manhattan and waiting in their chalets upon arrival, all handled seamlessly through the hotel's interface. For universities managing the chaotic influx of international students, offering a partnered, automated shipping solution turns a massive administrative headache into a streamlined digital experience. The future of frictionless mobility. As BriefGlance look toward the remainder of the decade, the concept of a "frictionless digital experience" must increasingly bridge the gap into the physical world. Software that simply books a ticket is no longer sufficient; the market demands solutions that manage the physical reality of the journey. The success of AI-enabled logistics aggregators demonstrates a profound shift in consumer expectations. BriefGlance is moving away from a model where travelers serve the logistical constraints of the airline industry, toward a model where technology serves the specific, personalized needs of the traveler. By leveraging artificial intelligence to untangle the complexities of global shipping, platforms like LuggageToShip.com are doing more than just moving boxes - they are restoring a sense of freedom and dignity to global travel, proving once again that the most valuable technologies are those that quietly remove the barriers to living a more expansive life. Topics & related. Industry Awards Artificial Intelligence Travel & Hospitality Are you a relevant expert who could contribute your opinion or insights to this article? BriefGlance'd love to hear from you. BriefGlance will give you full credit for your contribution. UAID: 53963