Doha: Qatar Navigation, Milaha, has announced yesterday its financial results for the nine months ended September 30, 2025.
The operating revenues of QR2.46bn were achieved for the nine months compared to QR2.13bn for the same period in 2024. The operating profit reached QR516m for the nine months ended September 30, 2025, compared to QR445m for the same period in 2024
Milaha recorded net profit of QR1.058bn for the nine months ended September 30, 2025, compared to QR917m for the same period in 2024. The earnings per share increased to QR0.93 from January to September compared to QR0.81 for the same period in last year.
Meanwhile Milaha Maritime & Logistics’ net profit increased by QR6m 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 QR115m compared to the same period in 2024, boosted by an QR84m 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.
The net profit of Milaha Offshore increased by QR61m compared to the same period in last year, driven by increased project activity and new vessel capacity.
Milaha Capital’s net profit decreased by QR 41m 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 QR1m compared to the same period in the previous year, due to decreased sales and repairs of heavy equipment.
The company will conduct an investor conference call on Thursday, October 30 at 2:00 pm Doha time, to further discuss its results.
