Asyad Group, Oman’s state-owned integrated logistics provider, reported an increase in net profit for the year 2025 despite facing operational challenges and market pressures. The group posted a net profit of 60.64 million Omani rials (RO) for the year ending December 31, 2025, up from RO 52.87 million in 2024, according to its Board of Directors’ report.

While net profit improved, operating profit declined to RO 45.59 million from RO 55.20 million the previous year. The reduction reflected weaker revenues from the shipping segment, alongside higher depreciation expenses related to new vessel acquisitions and costs associated with the initial public offering (IPO) of one of its subsidiaries.

Wholly owned by the Oman Investment Authority, Asyad Group maintains a broad logistics portfolio spanning maritime transport, ports and free zones, freight forwarding, express and postal services, and ship repair. The company’s subsidiaries, including Asyad Shipping Company (ASC), Asyad Drydock Company (ADC), Asyad Logistics (AL), Oman National Transport Company (ONTC), National Ferries Company (NFC), Oman Rail Company (ORC), and Asyad Ports & Freezone (APFZ), recorded mixed financial results during the year.

The restructuring efforts within the group led to the consolidation of Oman Logistics Company and Salalah Free Zone under APFZ, streamlining port and free zone operations. Furthermore, Asyad Group transferred key associate and joint venture holdings—including stakes in the Port of Duqm Company, Sohar Industrial Port Company, and Sohar International Development Company—into APFZ as part of this internal reorganisation. These joint ventures and associate investments are strategically positioned in Oman’s main industrial and port hubs, supporting the group’s logistics network.

Total revenues across Asyad’s subsidiaries edged higher, reaching RO 496.6 million in 2025 compared with RO 493.0 million in 2024. Net profit from subsidiaries rose markedly to RO 62.0 million, up from RO 45.2 million a year earlier. Asyad Shipping remained the dominant contributor with revenues of RO 337.2 million and profits of RO 56.4 million, reporting improved profitability despite a slight revenue decline.

Other units showed varied performance: Asyad Drydock recorded increased revenue at RO 65.4 million and profit of RO 6.1 million, while Asyad Logistics reported revenue growth to RO 66.6 million but posted a loss of RO 3.9 million. Oman National Transport Company maintained steady results with RO 8.4 million in revenue and RO 1.1 million in profits. The National Ferries Company remained modestly profitable, whereas Oman Rail Company continued to report a small loss. APFZ reversed a previous year’s loss to post RO 16.8 million in revenue and RO 2.3 million profit.

Looking ahead, Asyad Group plans to strengthen its integrated logistics services to maximize cross-selling opportunities and operational efficiencies. The group also intends to pursue international growth through mergers and acquisitions within its various logistics sectors, aiming to diversify operations and enhance long-term shareholder value.