Aamal Company nine-month net profit rises 8.2% to QR327.3mn

20/10/2025 04:38 AST

Aamal Company posted a nine-month net profit of QR327.3mn, up 8.2% on the same period in 2024.

Reported earnings per share (EPS) was up 8.2% to QR0.052 at the end of the nine-month period (9M-2024: QR0.048).

Total revenue down 2.1% to QR1,564.3mn (9M-2024: QR1,598.2mn), Aamal said yesterday.

Aamal CEO Rashid bin Ali al-Mansoori commented: "Aamal has delivered solid results for the third quarter of 2025, with net profit increasing by 8.6% year-on-year to QR327.5mn, despite a marginal reduction in revenue and gross profit. This performance reflects the continued strength of our diversified business model, which has enabled us to remain resilient and agile in the face of evolving market conditions.

"Throughout the period strategic progress also continued across Aamal's portfolio. Within the property segment, our flagship asset, City Center Doha, maintained high levels of performance, welcoming new tenants and benefiting from improved lease terms. The purchase of Aamal Tower announced earlier in the year has also further diversified and enhanced our property portfolio.

In the industrial manufacturing segment, we saw robust growth, supported by increased demand through a number of our subsidiaries stemming from the expansion of the North Field project. Notably, Frijns Steel Construction Middle East secured a major contract worth over QR113mn in the oil and gas sector, and we recently announced a new joint venture with a leading Omani group to further strengthen our presence in this space."

"Businesses within the trading and distribution segment, posted strong performances despite Aamal Medical faced some headwinds due to softened market demand. In managed Services, we announced our divestment from ECCO Gulf, streamlining our operations, while other businesses in the segment delivered strong results, supported by new client wins and increased footfall."

"Looking ahead, we remain optimistic about Qatar's economic outlook and confident in our ability to pursue new opportunities that create long-term value for all our stakeholders. Aamal is well-positioned to build on this momentum and continue delivering sustainable growth."

Sheikh Mohamed bin Faisal al-Thani, Vice-Chairman and Managing Director of Aamal, added: "On the whole, Aamal has delivered a solid set of third quarter results, with net profit rising by 8.6% year-on-year. This performance reflects the resilience of our diversified business model and the strength of our operations across nearly all sectors.

"While there were some challenges in the Trading segment, particularly at Aamal Medical, we see these results as encouraging and demonstrative of our ability to navigate market headwinds effectively.

"With Qatar's economic outlook remaining positive and investor confidence stable, I am optimistic about Aamal's continued growth trajectory. I would like to thank all our employees for their dedication and contribution, and I look forward to building on this momentum to deliver further value for all our stakeholders."

Gulf Times