• Aramex reported strong performance in Q4 and full-year 2024, with a revenue increase of 11% year-on-year, reaching $1.715 billion. Gross profit for Q4 rose 3% to 399 million AED, and for the full year, it grew 6% to 1.5 billion AED, maintaining a 24% margin. However, Q4 net profit declined to 66 million AED, down from 77 million AED last year, largely due to currency devaluation, particularly the Egyptian Pound's significant drop. Despite this, Aramex benefitted from the growth in demand for its domestic and regional cross-border express services, as well as warehousing and fulfillment solutions, driven by nearshoring trends.

• The company experienced broad-based growth across all product lines, particularly in the GCC, MENAT, and Oceania regions, where both revenue and profitability saw double-digit increases. Aramex's focus on cost control and operational efficiency helped offset rising costs, with SG&A expenses rising by 4%. EBIT for Q4 was 89 million AED, down 16% from the prior year, while the full-year EBIT grew by 11%. CEO Othman Aljeda highlighted Aramex's competitive advantage in the accelerating nearshoring trend, positioning itself to benefit from businesses repositioning inventories closer to consumer markets.