Net Profit soared 77% YoY to reach AED 334 million in Q3 2022 (+58% YoY growth to AED 941 million for 9M 2022). Earnings per share increased 27% YoY to 0.19 for 9M 2022. AD Ports Group continued to press ahead with its ambitious organic revenue generating CapEx programme, with spending of AED 1.6 billion in Q3 2022 and AED 4.2 billion for 9M 2022. Operating Cash Flow amounted to AED 1.3 billion for 9M 2022, implying a cash conversion of 76% while Free Cash Flow remained negative at AED -2.6 billion due to the large ongoing revenue generating growth CapEx investments. AD Ports Group maintains a solid financial position and robust balance sheet, with significant capital resources available for both organic and inorganic growth. Operationally, Ports Cluster container volumes grew 31% YoY in Q3 2022 (+28% YoY for 9M 2022), driven by increased capacity after the expansion of ADT and CSP Abu Dhabi Terminals in 2021.