# Agility Global revenue rises as aviation and logistics businesses expand - **Source:** https://pelavox.com/agility-global-revenue-rises-as-aviation-and-logistics-businesses-expand/ - **Publisher:** pelavox. (The voice of shipping) - **Author:** Helena Pierce - **Published:** 2026-11-12T14:00:00+00:00 - **Updated:** 2026-11-12T14:00:00+00:00 - **Section:** Business / Company Results - **Type:** News - **Topics:** Aegis Logistics, Agility Global, Agility Logistics Parks, Air Cargo, Aviation Services, DSV, Financial Results, Logistics, Menzies Aviation, Saudi Arabia, Supply Chain, Tristar Agility Global reported a 22% increase in quarterly revenue for the three months ended 30 September 2026, supported by stronger performance across its aviation services, fuel logistics and industrial real estate operations. The Abu Dhabi-listed group generated revenue of $1.60 billion, compared with $1.31 billion in the corresponding period of 2025. Group earnings before interest and taxes (EBIT) edged down by 1% to $125 million, while EBITDA declined by 3% to $208 million. Profitability improved within the group’s controlled operating businesses, where EBIT increased by 21% to $128 million. For the first nine months of 2026, consolidated revenue rose by 24% to $4.52 billion, while EBIT increased by 11% to $350 million. The company also approved an interim dividend of $75 million, representing the second instalment of cash distributions committed earlier in the year. ## Menzies Aviation leads operating growth Menzies Aviation remained Agility’s largest operating business, generating third-quarter revenue of $974 million, an increase of 22% year on year and approximately 61% of group revenue. Cargo volumes handled by Menzies increased by 13% to 657,000 tonnes, while ground handling turns rose by 7% to approximately 442,000. The aviation services business recorded EBITDA of $139 million, up 15%, and EBIT of $82 million, an increase of 18%. The performance reflected additional commercial contracts, new station openings and the contribution of G2 Secure Staff, acquired in September 2025. These factors were partly offset by contract exits and station closures, including the discontinuation of operations in Kuwait. Agility reported that the direct operational effects of earlier disruptions in the Middle East had eased during the quarter, supporting a recovery in aviation activity. Nevertheless, higher fuel prices continued to place pressure on airline schedules and operating conditions. For the first nine months, Menzies generated revenue of $2.75 billion, up 29%, while EBIT increased by 6% to $175 million. The slower growth in earnings reflected, among other factors, the contribution of lower-margin activities following the G2 acquisition. ## Tristar earnings increase ahead of proposed sale Agility’s fuel logistics business, Tristar, reported revenue of $419 million during the third quarter, representing an increase of 24% compared with the previous year. EBIT rose by 23% to $36 million, while nine-month revenue reached $1.2 billion. The results were reported as Agility progressed with the planned sale of its 65.12% ownership stake in Tristar to India’s Aegis Logistics. The agreement was announced on 13 October 2026 and values Tristar at an enterprise value of $1.5 billion. Agility expects to receive consideration of up to $581 million for its stake, including an initial payment at closing, deferred consideration and a performance-related earn-out. The transaction remains subject to regulatory approvals and other closing conditions, with completion expected by the end of March 2027. Certain fuel storage interests are excluded from the transaction and are expected to be subject to a separate sale process. Agility said the disposal is intended to simplify its investment portfolio and provide additional flexibility for future investment, debt reduction and shareholder distributions. ## Logistics parks expand in Saudi Arabia Agility Logistics Parks also reported improved results, with third-quarter revenue increasing by 49% to $21 million and EBIT rising by 58% to $17 million. Saudi Arabia was the main source of growth as newly developed facilities began contributing rental income. Higher occupancy in African markets also supported the division’s financial performance. The company reported that approximately 82,000 square metres of additional facilities had been delivered or were scheduled for delivery during 2026 and early 2027. The development programme includes a 21,000-square-metre commercial building that has been completed and fully leased. Agility Logistics Parks’ owned and leased land portfolio reached approximately 4.5 million square metres, increasing to 6.1 million square metres when land held through joint ventures is included. The expansion reflects continued investment in industrial and logistics infrastructure across Saudi Arabia and other markets where the group operates. Agility also reported that the carrying value of its investment portfolio stood at approximately $4.7 billion at the end of September. This included a stake of approximately 8.2% in DSV, valued at $3.5 billion, down from $4.6 billion at the end of December 2025. The group’s cash and cash equivalents stood at $1.1 billion, while net debt including lease liabilities reached $4.9 billion, compared with $4.6 billion at the end of 2025. Despite the increase in revenue and improved earnings across its principal operating businesses, Agility’s slightly lower consolidated quarterly EBIT and EBITDA illustrate the difference between growth in its controlled businesses and the performance of the wider group. The ongoing sale of Tristar and continued investment in aviation services and logistics infrastructure are also expected to influence the group’s future business composition. --- Cite as: "Agility Global revenue rises as aviation and logistics businesses expand", pelavox., 12 November 2026, https://pelavox.com/agility-global-revenue-rises-as-aviation-and-logistics-businesses-expand/