Qatar · Delayed Price · Currency is QAR Industries Qatar Q.P.S.C. Earnings Call Transcripts
Fiscal Year 2026
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Net profit for H1 2026 fell 89% year-over-year to QAR 216 million, driven by a 46% drop in sales volumes despite a 24% rise in average selling prices. The steel segment outperformed with a 39% profit increase, while petrochemical and fertilizer segments posted losses.
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Net profit fell 26% year-over-year to QAR 0.7 billion as lower sales volumes and higher costs offset higher prices. Steel segment profit surged 70% year-over-year, while petrochemicals and fertilizers saw declines. Cash position remains strong at QAR 8.5 billion.
Fiscal Year 2025
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Net profit declined 8% to QAR 4.3 billion despite 11% revenue growth, with stable EBITDA and a 100% dividend payout. Fertilizer and steel segments outperformed, while petrochemicals faced margin pressure. Major CapEx and new projects are set to drive growth in 2026.
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Net profit for the nine months fell 12% year-over-year to QAR 3.4 billion, but Q3 was the strongest quarter, driven by robust fertilizer performance and higher prices. The group remains financially strong with no debt and high cash reserves.
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Net profit for H1 2025 declined 27% year-over-year to QAR 2 billion, while revenue rose 5% to QAR 8.7 billion, driven by strong fertilizer prices. Interim dividend payout remains robust at 80% of net profit, and the group maintains a strong cash position with no long-term debt.
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Net profit for Q1 2025 fell 22% year-over-year to QAR 1 billion, with revenue down 3% and EBITDA margin at 36%. Fertilizer and steel segments saw lower profits due to reduced volumes and higher costs, while a share buyback program up to QAR 1 billion was announced.
Fiscal Year 2024
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Net profit for 2024 was QAR 4.5 billion with a 1% revenue decline, while EBITDA margin improved to 38%. Dividend payout matched net earnings, and the blue ammonia project is set to launch in 2026, positioning the group as a market pioneer.
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Net profit rose 7% year-over-year to QAR 3.5 billion, with EBITDA margin improving to 39%. All segments posted higher profits, driven by cost optimization and stable operations, despite a 2% revenue decline due to lower prices. Cash position remains strong, with no long-term debt.
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Net profit rose 12% year-over-year to QAR 2.3 billion in H1 2024, with strong cash flow and the first-ever interim dividend payout at 80% of net profit. Segment results were mixed: fertilizer and steel profits grew, while petrochemicals declined.