Qatar Navigation Q.P.S.C. (Milaha), has announced today its financial results for the nine months ended September 30, 2025. Key financial highlights:
- Operating revenues of QAR 2.46 billion for the nine months ended September 30, 2025, compared to QR 2.13 billion for the same period in 2024
- Operating profit of QAR 516 million for the nine months ended September 30, 2025, compared to QAR 445 million for the same period in 2024
- Net profit of QAR 1.058 billion for the nine months ended September 30, 2025, compared to QAR 917 million for the same period in 2024
- Earnings per share increased to QAR 0.93 for the nine months ended September 30, 2025, compared to QAR 0.81 for the same period in 2024
Milaha Maritime & Logistics’ net profit increased by QAR 6 million compared to the same period in 2024, driven by improved results in our port operations joint arrangement.
Milaha Gas & Petrochem’s net profit increased by QAR 115 million compared to the same period in 2024, boosted by an QAR 84 million one-time gain on the sale of our two very large gas carriers (VLGC’s) in the third quarter of 2025, and strong results from our associate companies.
Milaha Offshore’s net profit increased by QAR 61 million compared to the same period in 2024, driven by increased project activity and new vessel capacity.
Milaha Capital’s net profit decreased by QAR 41 million compared to the same period in 2024, mainly resulting from reduced dividend income in our investment unit, stemming from a one-time additional mid-year payout in 2024 within our local equities portfolio.
Milaha Trading’s bottom line decreased by QAR 1 million compared to the same period in 2024, due to decreased sales and repairs of heavy equipment.
