Qatar · Delayed Price · Currency is QAR Baladna Q.P.S.C. Earnings Call Transcripts
Fiscal Year 2026
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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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Revenue held steady at QR 330 million, with underlying growth of 8% year-on-year and gross profit up 22%. Margins improved, supported by operational efficiency and government reimbursement of increased costs. Major international projects in Algeria and Syria advanced as planned.
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.