War hits profit and revenue at APM Terminals Bahrain
Profit at APM Terminals Bahrain, majority owned by Danish shipper Maersk Group, fell by more than half in the first quarter of 2026, as revenue dropped due to the US-Israeli war with Iran.
Net profit fell 56 percent year on year to BHD1.1 million ($2.9 million) for the quarter ended March 31, as revenues declined 20 percent annually to BHD8.1 million, the port operator said in a statement.
Container terminal revenue fell 13 percent, general cargo revenue was down 32 percent and marine revenue lost 16 percent.
The company has had an exclusive concession from the Bahraini government to manage and operate Khalifa Bin Salman Port since 2009.
In a note, Sico Bank said. “While revenue came in line with our expectations, weaker-than-expected margins led to the miss on our estimates.”
The stock of APM Terminals Bahrain closed flat at BHD0.920 on Tuesday.
Further reading:
- Bahrain offers fee deferral for hotels and restaurants
- Tabreed appoints contractor to expand district cooling in Manama
- Bahrain tackles war fallout with $19bn economic support
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