Qatar · Delayed Price · Currency is QAR Ezdan Holding Group Q.P.S.C. Earnings Call Transcripts
Fiscal Year 2026
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Q3 net profit rose to QAR 644m, with lower finance costs offsetting sharply reduced property-sale gains. Rental income edged higher, while segment results varied: malls improved and hotels weakened.
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Net profit rose to QAR 442 million in Q2 2026, driven by lower finance costs and higher rental income. Residential and mall segments showed improved occupancy and margins, while asset sales and finance costs are expected to remain favorable for the rest of 2026.
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Net profit rose to QAR 225 million in Q1 2026, driven by lower finance costs and higher rental income. All segments saw improved occupancy, with malls benefiting from higher rents and occupancy rates. Management noted significant uncertainty in the outlook.
Fiscal Year 2025
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Net profit rose to QAR 114 million, driven by higher rental income and lower finance costs, despite a significant QAR 660 million revaluation loss on investment properties due to a lower terminal growth rate. Operating margins and segment performance improved year-over-year.
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Net profit for Q1 2025 dropped sharply year-over-year, despite higher rental income and improved margins. Residential segment led growth, while hotel and mall segments saw declines. Finance costs and operating expenses decreased, and cash balances improved.
Fiscal Year 2024
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Net profit rose to QAR 105 million in 2024, with improved margins and lower expenses despite a slight drop in rental income. Hotel segment performance strengthened, while residential revenue declined. Cash balances fell due to liability settlements.
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Net profit for Q3 2024 was QAR 204 million, down year-over-year, with rental income declining but hotel segment performance improving. Operating margins remained strong, and cash was used primarily for liability settlement.
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Net profit rose to QAR 177 million for H1 2024, despite a 5% drop in rental income and lower residential rental rates post-World Cup. Occupancy improved across all segments, with no new residential supply expected in the near term.