Qatar · Delayed Price · Currency is QAR Baladna Q.P.S.C. Earnings Call Transcripts
Fiscal Year 2026
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9M revenue rose 4%, while gross profit increased 18% and underlying net profit grew 20%. Q3 portfolio volatility reduced reported profit, but the loss was unrealized and non-cash; growth projects are supported by stronger cash and a fully subscribed rights issue.
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1H revenue reached QAR 660m, with higher gross profit, EBITDA and net profit. Domestic retail momentum, product launches and international project execution continued; a QAR 541m rights issue is planned to fund growth.
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Q1 revenue was broadly steady, while gross profit and net profit grew on higher yields and cost discipline. Operations and domestic supply remained stable amid regional tensions; management expects tender revenue from Q2 and Ministry reimbursement of added costs.
Fiscal Year 2025
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FY2025 revenue rose 11% to QAR 1.217bn, while net profit increased 192% to QAR 540m. International project execution advanced in Algeria, and a one-time write-off closed costs from past project-development efforts.
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Q1 2025 saw 6% revenue growth and 21% net profit increase, driven by evaporated milk sales, operational efficiency, and new SKUs. Strong cash flow was supported by a government subsidy, while the Algeria project advanced with groundwork and a 20-year offtake agreement.
Fiscal Year 2024
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Record revenue and profit growth were driven by higher sales volumes, cost efficiency, and innovation. Market share expanded in Qatar, with strong performance across HORECA and retail channels, and strategic international initiatives set to drive future growth.
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Revenue grew 11% year-over-year to QAR 859 million, with net profit up 118% and EBITDA up 24%. Market share rose to 54.4%, driven by innovation and strong channel performance. Strategic expansion in Algeria and a major government contract support future growth.
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Revenue and net profit doubled year-over-year in 1H 2024, driven by volume growth, margin expansion, and cost controls. Market share in core categories exceeded 90%, with new products and the Algeria project supporting future growth.