Qatar · Delayed Price · Currency is QAR Qatar Gas Transport Company Limited (Nakilat) (QPSC) Earnings Call Transcripts
Fiscal Year 2026
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Net profit rose 1.3% year-over-year to QAR 439 million, with stable EPS and higher total income, despite geopolitical headwinds impacting shipyard and marine segments. LNG shipping market fundamentals remain strong, supporting a positive long-term outlook.
Fiscal Year 2025
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Net profit rose 3.1% to QAR 1.69 billion in 2025, with higher revenues from LNG and LPG segments and disciplined cost management. Major fleet expansion is set for 2027, with EBITDA and net income expected to rise as new vessels are delivered.
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Net profit rose 3% year-over-year to QAR 1.31 billion, with revenue up to QAR 3.5 billion, driven by strong vessel utilization and the consolidation of Qatar Shipyard Technology Solutions. The 40-vessel new build program remains on track, and long-term contracts provide stability amid short-term market softness.
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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.
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Net profit rose 3.2% year-over-year to QAR 433 million in Q1 2025, driven by stable long-term charters, cost management, and strong operational performance. Revenue and cash flow improved, while CapEx and JV income are expected to remain stable through 2025.
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.
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Q3 2024 profit rose 7.2% year-over-year to QAR 1.28 billion, with stable EBITDA and a slight revenue dip. A 40-vessel new build program and interim dividend were key highlights, while robust LNG market growth and prudent risk management support a positive outlook.
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Net profit rose 7% year-over-year to QAR 829 million, with stable revenue and a proposed interim dividend. Major fleet expansion is underway, and robust long-term contracts support earnings visibility. LNG market fundamentals remain strong.