Qatar Navigation Q.P.S.C. (“Milaha”), the industry-leading provider of maritime and logistics solutions in the region, announced its financial results for the six months ended June 30, 2026.
Key financial highlights:
- Operating revenues of QR 1.683 billion for the six months ended June 30, 2026, compared to QR 1.593 billion for the same period in 2025
- Operating profit of QR 265 million for the six months ended June 30, 2026, compared to QR 354 million for the same period in 2025
- Net profit of QR 542 million for the six months ended June 30, 2026, compared to QR 672 million for the same period in 2025
- Earnings per share of QR 0.48 for the six months ended June 30, 2026, compared to QR 0.59 for the same period in 2025
Milaha Maritime & Logistics’ bottom line decreased by QR 16 million compared to the same period in 2025, driven by lower container volumes handled under our port operations joint arrangement due to the regional conflict.
Milaha Gas & Petrochem reported a QR 12 million decline in net profit compared to the same period in 2025, mainly due to the divestment of two very large gas carriers (VLGCs) in 2025 and lower income from our partially owned LNG associate companies.
Milaha Offshore’s net profit decreased by QR 85 million compared to the same period in 2025, primarily due to the impact of the regional conflict, which adversely affected revenue and increased operating costs.
Milaha Marine & Technical Servicesreported a QR 16 million decline in net profit compared to the same period in 2025, mainly due to higher bad debt provisions at our shipyard unit, and lower income due to disruptions linked to the regional conflict.
Milaha Capital recorded a QR 2 million decline in net profit compared to the same period in 2025, driven by the internal transfer of warehouses to the Maritime & Logistics segment.
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