Qatar · Delayed Price · Currency is QAR Qatar Gas Transport Company Limited (Nakilat) (QPSC) Earnings Call Transcripts
Fiscal Year 2025
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Net profit rose 3% year-over-year to QAR 1.31 billion, driven by higher LNG and LPG vessel utilization and the consolidation of Qatar Shipyard Technology Solutions. The 40-vessel new build program is on track, with strong liquidity and prudent financing supporting future growth.
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Net profit rose 3.7% year-over-year to QAR 860 million, with revenue up 1.3% and EBITDA at QAR 1.82 billion. Interim dividend of QAR 7.2 per share approved, and the new build program remains on track, funded mainly by project finance.
Fiscal Year 2024
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Reported record net profit of QAR 1.64 billion for FY2024, with strong operational efficiency and a major fleet expansion underway. Cash balance declined due to newbuild investments, but leverage and liquidity remain well managed. LNG shipping market outlook is robust through 2030.