Qatar Navigation Q.P.S.C. (“Milaha”) announced its financial results for the year ended December 31, 2025.
Key financial highlights:
- Operating revenues of QAR 3.33 billion for the year ended December 31, 2025, compared to QR 2.84 billion for the same period in 2024
- Operating profit of QAR 669 million for the year ended December 31, 2025, compared to QAR 536 million for the same period in 2024
- Net profit of QAR 1.271 billion for the year ended December 31, 2025, compared to QAR 1.122 billion for the same period in 2024
- Earnings per share increased to QAR 1.12 for the year ended December 31, 2025, compared to QAR 0.99 for the same period in 2024
Milaha Maritime & Logistics’ net profit decreased by QAR 7 million compared to the same period in 2024, as improved performance from our port operations joint arrangement was more than offset by the decline in results in our container shipping unit.
Milaha Gas & Petrochem’s net profit increased by QAR 31 million compared to the same period in 2024, largely driven by the non‑recurrence of an impairment recorded against our two wholly owned LNG vessels in 2024.
Milaha Offshore’s net profit increased by QAR 107 million compared to the same period in 2024, driven by higher income from the full‑year impact of vessels added in mid‑2024 and additional project work.
Milaha Capital’s net profit increased by QAR 7 million compared to the same period in 2024, due to lower impairment charges in our real estate unit more than offsetting reduced dividend income in our investment unit, following a one‑off mid‑year payout in 2024 from our local equities portfolio.
Milaha Trading’s bottom line increased by QAR 10 million compared to the same period in 2024, as higher ship chandlery income and lower inventory provisions outweighed the decline in heavy equipment sales and repairs.
The Board of Directors decided to recommend to the General Assembly to distribute a 45% cash dividend of the par value of a share, equivalent to QAR 0.45 per share, representing a payout ratio of 40% of 2025 net profit.
The Board of Directors invites all Shareholders to the Ordinary Annual General Assembly meeting, that will be held on Tuesday, February 17th, 2026, at the Company’s Head Office, located in Ein Khaled (Industrial Area No. 56, Street no. 10, Zone E). In-person registration will begin one hour before the meeting at 4:00 pm, during which those registered can receive a Zoom link to attend the meeting. The meeting will begin at 5:00 pm after registration is complete.
