Qatar Navigation Q.P.S.C. (“Milaha”) announced its financial results for the six months ended June 30, 2025.
Key financial highlights:
- Operating revenues of QR 1.593 billion for the six months ended Jun 30, 2025, compared to QR 1.434 billion for the same period in 2024
- Operating profit of QR 354 million for the six months ended Jun 30, 2025, compared to QR 316 million for the same period in 2024
- Net profit of QR 672 million for the six months ended Jun 30, 2025, compared to QR 628 million for the same period in 2024
- Earnings per share of QR 0.59 for the six months ended Jun 30, 2025, compared to QR 0.55 for the same period in 2024
- Milaha Maritime & Logistics reported a net profit increase of QR 54 million compared to the same period in 2024, driven by a stronger performance in our port operations joint arrangement and logistics unit.
Milaha Gas & Petrochem’s net profit increased by QR 8 million compared to the same period in 2024, led by improved results from our very large gas carriers (VLGC’s) and associate companies.
Milaha Offshore’s net profit increased by QR 16 million compared to the same period in 2024, driven by an increase in the volume of projects and the acquisition of additional vessels in the second half of 2024. Milaha Capital net profit decreased by QR 34 million compared to the same period in 2024, resulting from lower dividend income in our investment unit due to a one off non-recurring additional mid-year dividends payout made in 2024 in our local equities portfolio.
Milaha Trading’s bottom line remained flat compared to the same period in 2024.
