Hello and welcome to Qatari Investors Group conference call. 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'd like to ask a question by that time, please press star one on your telephone keypad. Thank you. Now, I would like to hand the call over to Shahan. You may begin.
Thank you, and hello, everyone. I want to welcome you to QIG's first quarter 2026 financial results conference call. On this call from management, we have Houssam El Kurdi, the company's Chief Executive Officer, and Fady El Khoury, Chief Financial Officer. As usual, we will conduct this call with first management reviewing the company's results, followed by a Q&A session. I will turn the call over now to Houssam. Please go ahead.
Thank you. Hello, ladies and gentlemen. I will go over a review in English, followed by the same review in Arabic, and then we will move on the questions and answers. Ladies and gentlemen, it is my pleasure to welcome you to the Qatari Investors Group IR Call.
I am Houssam El Kurdi, the Group CEO, and with me is Mr. Fady ElKhoury, the Group Chief Financial Officer. We are pleased to present to you the financial result of Qatari Investors Group for the first quarter of 2026.
We will highlight the group's financial performance and the progress achieved during this period. The group recorded total revenue of QAR 116 million during the period, representing 15% decrease compared to the last year's same period.
This decline is primarily due to the current conditions that have affected all sectors, and we hope for improvement and to go across or to close this situation in the coming period. On a positive note, we expect commercial and economic activities to resume in the near future. The group's net profit for the period ending March 31st, 2026 amounted to QAR 40 million, a decrease of 4% compared to the same period last year.
EBITDA, which means earnings before interest, tax, depreciation, and amortization, reached QAR 64 million for the period, reflecting an 11% decrease compared to the same period last year.
Finally, we are focusing our effort on implementing our investment diversification strategy to achieve further accomplishment that will benefit the group and enable us to play an active role in supporting Qatar's economic vision. Thank you. Now I will move to the Arabic slides.
We can go to Q&A now, please.
Thank you. We will now begin the question and answer session. If you have dialed in and would like to ask a question, please press star one in your telephone keypad to raise your hand and join the queue. If you would like to withdraw your question, simply press star one again. Thank you. There are no questions. I will now turn the call back over to Shahan for any closing remarks.
Okay. If there are no more questions, we can wrap up this call. I would like to thank management for giving us an update on the financial results, and we will pick this up again in the coming quarter. Thank you.
Thank you. Thank you very much.
Thank you.
Thank you. Bye-bye.
Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.