Hello, and welcome to Qatari Investors Group. Please note that this call is being recorded. You will have the opportunity to ask questions to our speakers later on during the Q&A session. If you would like to ask a question by that time, please press star followed by the number one on your telephone keypad. I'd like to hand over the call to our moderator, Dana Al-Sowaidi. Please go ahead.
Thank you. Hello, everyone, and salaam alaikum to you all. This is Dana Al-Sowaidi from QNB Financial Services. I would like to welcome everyone to Qatari Investors Group's second quarter 2025 financial results conference call. On this call from management, we have Houssam El Kurdi, Chief Executive Officer, and Muhammad Shiraz, Group Financial Controller. We will conduct this conference call with the management first reviewing the company's results, followed by a Q&A session. I will turn the call now over to Houssam. Please go ahead.
Thank you. Hello, ladies and gentlemen. I will go over a review in English first, followed by the same review in Arabic, and then we will move on to questions and answers. Ladies and gentlemen, it's my pleasure to welcome you to the Qatari Investors Group (QIG) IR call. My name is Houssam El Kurdi, Chief Executive Officer, and here with me is Mr. Mohammed Shirazi, the Group Financial Controller. We are pleased to present to you the first half year results of QIG Group for 2025. In this call, we will highlight the financial performance of the Group and the progress achieved during the reported period. The Group recorded a total revenue of QAR 297 million for the period, which representing a 20% increase compared to the same period last year.
This increase was primarily driven by an increase in cement exports under industrial sector and increase in contracting activities under security sector. Other factors, such as marine services, are showing a decline in revenue as shipping volume has dropped in the country, and it shall continue on the next quarter as well. Overall, there is slowdown in the local industrial sector, particularly due to the reduced activities in the construction market. On a positive note, we have seen a modest improvement in revenue from cement export as we have commenced export operations. The group's net profit for the period amounted to QAR 71 million, a 1% increase as compared to the same period last year. EBITDA reached QAR 131 million for the period, 3% lower than last year.
Finally, we focus our effort to implement a strategy of diversification in investments to make more achievements that benefit the group and enable us to play an active role in supporting Qatar's economic vision. Thank you, and I will move to the Arabic part.
... Okay, operator, we can open the floor for questions, please.
At this time, I would like to remind everyone that in order to ask a question, please press star, then the number one on your telephone keypad. We will pause for just a moment to compile the Q&A roster. Once again, if you would like to ask a question, please press star followed by the number one on your telephone keypad. Okay, so your first question comes from the line of Wei Chao with Al Rayan Investment. Your line is open.
Hello. Hi, good afternoon. Thank you for the call. Just maybe a question on the industrial segment. Could you just give us some color on what drove the performance in the first half? Maybe a bit more color on that. And also, how do you see the second half outlook?
Okay. Thank you very much for your question. So this industrial sector, as we have said, that it shows around 20% over the last period. So major increase in this AKCC revenue, so which is driven by export activities. So this first six-month period, we have export volume, which is increased, and in the same pattern and the same way we are expecting to have in second half of the year.
Okay. So we can assume same momentum for the second half?
Inshallah.
Okay. And, what about the Marine segment? You know, what was, why the decline in the first half, and how should we think about the second half?
So,
The Marine Services,
Yeah.
Okay.
The issue with the Marine YML, they reduced the number of vessels to Doha due to the low business in Doha. We are expecting by August to again get a little bit better than the beginning of this year.
Okay. Thank you for that.
Once again, if there are questions you would like to ask, please press star followed by the number one on your telephone keypad. All right. Since there are no further questions at this time, I would like to turn the call back over to our moderator, Dana Al-Sowaidi. Please go ahead.
If there are no more questions, we would like to thank Qatari Investors Group's management for the results update, and for taking the time to answer all queries. We look forward to speaking to you all for the third quarter results. Thank you.
Thank you.
Thank you.
Thank you.
Thank you.
Thank you, everyone. That concludes today's call. You may now disconnect. Have a nice day ahead. Thank you.