Qatar Navigation Q.P.S.C. (“Milaha”) today announced its financial results for the three months ended March 31, 2025.  

Key financial highlights:

• Operating revenues of QR 759 million for the three months ended March 31, 2025, compared to QR 747 million for the same period in 2024

• Operating profit of QR 212 million for the three months ended March 31, 2025, compared to QR 208 million for the same period in 2024

• Net profit of QR 374 million for the three months ended March 31, 2025, compared to QR 365 million for the same period in 2024

• Earnings per share of QR 0.33 for the three months ended March 31, 2025, compared to QR 0.32 for the same period in 2024

Milaha Maritime & Logistics’ reported a net profit increase ofQR 30 million compared to the same period in 2024, driven by improved performance from our port operations joint arrangement, as well as our logistics unit.

Milaha Gas & Petrochem’s net profit increased by QR 1 millioncompared to the same period in 2024, with improved results from our joint venture and associate companies, offsetting the unfavorable impact of a change in the useful life of our two wholly owned LNG vessels in Q4 2024.

Milaha Offshore’s net profit increased by QR 8 million compared to the same period in 2024, due to revenue growth attributable tothe addition of vessels in mid-2024.

Milaha Capital recorded a net profit decrease of QR 29 million compared to the same period in 2024, resulting from lower dividend income in our investment unit.  

Milaha Trading’s bottom line remained flat compared to the same period in 2024.

The company will conduct an investor conference call on Thursday May 1, 2025, at 14:00 Doha time, to further discuss its results. The conference call may be accessed by telephone by dialing Qatar Toll Free Number: 00 800 101 734 and entering the Conference ID: 3154131.  Further information can be found on our website www.milaha.com.