Ahmedabad, May 22 (Reporter) Adani Portfolio announced robust financial results for the fourth quarter and full fiscal year 2025 on Thursday, showcasing strong operational execution and strategic growth across its diversified infrastructure businesses. For Q4 FY25, the group reported an EBITDA of Rs 22,741 crore, marking a 14.9% increase over Rs 19,793 crore in the same quarter last year. This momentum helped the portfolio achieve an all-time high full-year EBITDA of Rs 89,806 crore, up 8.2% from Rs 82,976 crore in FY24. Excluding non-recurring prior period income, EBITDA growth stands at an even stronger 18% year-on-year. Jugeshinder ‘Robbie’ Singh, Group Chief Financial Officer of Adani Group, attributed the stellar performance to the portfolio’s resilient core infrastructure businesses, superior asset quality, and strong governance practices. "FY25 saw a Return on Assets (ROA) of 16.5%, one of the highest globally in the infrastructure sector, reflecting the strength and operational capabilities of our asset base," he said. Singh also underscored the company’s ongoing commitment to Environmental, Social and Governance (ESG) excellence, noting that all portfolio companies published Tax Transparency reports and achieved industry-best ESG ratings from global agencies. The utility segment, which includes Adani Power, Adani Green Energy, Adani Total Gas, and Adani Energy Solutions, reported a mixed performance. Despite a slight 2.5% decline in full-year EBITDA to Rs 43,375 crore due to reduced prior period incomes, Q4 saw an 8.3% growth with Rs 10,439 crore earned compared to Rs 9,638 crore a year ago. Transport, led by Adani Ports & SEZ, recorded a strong 19% growth in full-year EBITDA at Rs 20,471 crore, with Q4 EBITDA surging 26.5% to Rs 5,456 crore. This was driven by a 7% year-on-year increase in cargo volumes and a 20% rise in container traffic, highlighting strong operational leverage. Adani Enterprises’ infrastructure businesses posted impressive results, nearly doubling full-year EBITDA to Rs 10,085 crore, a 69.6% increase from the previous year. Q4 EBITDA climbed 48.1% to Rs 2,359 crore, reflecting rapid scaling of emerging infrastructure projects. The cement adjacency business also delivered healthy growth, with EBITDA rising 13.9% to Rs 8,644 crore for FY25 and a 26.5% increase in Q4 to Rs 2,451 crore. The group’s fund flow from operations (FFO) grew 13.6% to Rs 66,527 crore, bolstered by strong operating efficiencies across segments. Profit after tax (PAT) hit a record Rs 40,565 crore, underscoring the group’s robust bottom-line growth. Adani Portfolio added Rs 1.26 lakh crore in assets during FY25—the highest in its history—taking total gross assets to Rs 6.1 lakh crore. Notably, nearly 75% of these assets were acquired over the past six years, reflecting the group’s aggressive expansion strategy. The portfolio’s leverage profile improved considerably, with net debt to EBITDA declining from 3.8 times in FY19 to 2.6 times in FY25. The weighted average cost of debt dropped to 7.9% in FY25 from 9% in FY24 and 10.3% in FY19. Cash balances stood at Rs 53,843 crore at the end of March 2025, covering 21 months of debt servicing requirements—well above the group’s stated policy of 12 months plus one day. Adani Portfolio’s key companies showed strong growth in FY25. Adani Enterprises increased solar module sales by 59%. It also expanded its airport and road operations. Adani Green Energy grew its renewable energy capacity by 30% and Adani Energy Solutions tripled its transmission order book. Adani Power raised power generation by 20% to 102 billion units, and Adani Ports & SEZ increased cargo volumes by 7% and reached an important milestone at Vizhinjam port. Ambuja Cement surpassed 100 million tonnes in annual capacity and opened a fully automated terminal in Colombo. With its strong Q4 and full-year performance, Adani Portfolio reaffirmed its position as a leading global infrastructure conglomerate. Its disciplined capital allocation, operational efficiency, and ESG focus position the group well to sustain growth and deliver long-term value to stakeholders...////...