Qatar · Delayed Price · Currency is QAR Industries Qatar Q.P.S.C. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 net profit fell 26% year-over-year to QAR 0.7 billion as lower sales volumes and higher costs offset gains from higher selling prices. Steel segment profit surged 70% year-over-year, while petrochemicals and fertilizers saw declines. Regional conflict and logistics disruptions remain key risks.
Fiscal Year 2025
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Net profit for 2025 declined 8% to QAR 4.3 billion, while revenue rose 11% to QAR 18.6 billion, driven by higher prices and volumes. Fertilizer and steel segments outperformed, offsetting petrochemical weakness. Major projects and robust cash position support future growth.
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Net profit for the nine months fell 12% year-over-year to QAR 3.4 billion, but excluding one-off items, earnings were nearly flat. Fertilizer segment drove strong Q3 results, while petrochemicals and steel faced margin pressures. Robust cash position and no long-term debt.
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Net profit for H1 2025 fell 27% year-over-year to QAR 2 billion, while revenue rose 5% to QAR 8.7 billion, supported by higher fertilizer prices and stable sales volumes. Interim dividend payout remains strong at 80% of net profit, with robust cash and no long-term debt.
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Net profit for Q1 2025 declined 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 QAR 1 billion share buyback was announced.
Fiscal Year 2024
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Net profit for 2024 was QAR 4.5 billion, with EBITDA up slightly and revenue down 1% year-over-year. Dividend payout matched net earnings, while segment performance was mixed amid volatile market conditions and planned shutdowns. Blue ammonia project remains a key future growth driver.
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Net profit for the first nine months of 2024 rose 7% year-over-year to QAR 3.5 billion, with EBITDA margin improving to 39%. Revenue declined 2% due to lower prices, but higher sales volumes and cost efficiencies supported earnings. Strong cash position, no long-term debt, and robust segmental performance highlighted.
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Net profit rose 12% year-over-year to QAR 2.3 billion in H1 2024, with strong cash flow and no long-term debt. Interim dividend of QAR 1.9 billion (80% payout) was distributed, and segment results were mixed amid challenging macro conditions.