Aamal net profit surges 17.5% to QR221.3 million in H1 2025
Doha
Aamal Company, one of the region's leading diversified companies, has announced its financial results for the first six months of 2025, showcasing steady growth and resilience across its business sectors.
The company reported a total revenue of QR1,070.1 million for the first half of 2025, marking a rise from QR1,045.2 million in the same period last year. Gross profit increased marginally by 0.2 percent to QR261.8 million, compared to QR261.3 million in the first half of 2024.
Net profit attributable to Aamal's equity holders rose significantly by 17.5 percent to QR221.3 million, up from QR188.4 million in the previous year. Earnings per share also climbed by 17.5 percent, reaching QR0.035 as compared to QR0.030 last year.
Net capital expenditure reduced to QR13.8 million, down from QR19.9 million in the first half of 2024, while the company's gearing ratio increased to 2.93 percent from 0.69 percent. There were no fair value gains on investment properties reported in either in the first half of 2025 or in the first half of 2024.
Aamal Vice Chairmanand Managing Director Sheikh Mohamed bin Faisal bin Qassim Al Thani noted that the first-half performance is a strong endorsement of the company's strategic direction and capable leadership across its diverse business units.
He emphasised that Aamal's consistent ability to deliver value is supported by its diversified business model and disciplined execution. He highlighted the company's growing QR3 billion project backlog and strategic plans to expand regionally, including the creation of a new infrastructure and construction services company in Saudi Arabia. These steps, he stated, position Aamal well to capitalise on emerging regional opportunities.
Aamal Chief Executive Officer Rashid bin Ali Al Mansoori added that the half-year results underscore the strength and resilience of Aamal's diversified business model. He said the company is unlocking opportunities across high-growth sectors not only in Qatar but across the wider GCC region. He pointed out that within the industrial manufacturing sector, Aamal delivered robust revenue and profit growth through major involvement in infrastructure and energy projects, including the QR1 billion contract signed by El Sewedy Cables with Kahramaa.
This brings the total project backlog to QR3 billion. The announcement of a new infrastructure and construction solutions company in Saudi Arabia is expected to significantly enhance the company's regional exposure and diversify its revenue streams.
In the trading and distribution sector, a stable performance was recorded with revenue increasing slightly by 1 percent. However, net profit declined by 4.8 percent to QR53.6 million, down from QR56.3 million in the first half of 2024. Ebn Sina Medical continued to grow through strategic product introductions, including a new agreement with Novo Nordisk to bring Wegovy to the Qatari market and a partnership with BeiGene to expand oncology treatment offerings.
Aamal trading and distribution showed slight improvements in both revenue and profit through successful promotional campaigns and price adjustments, while Aamal Medical saw a decline due to reduced demand from key sectors.
The property sector performed strongly in H1 2025, with solid revenue and net profit growth. City Center Doha maintained high occupancy levels and signed new tenants, supported by a 4,000 sqm expansion aimed at enhancing its appeal to shoppers and retailers.
Although Aamal Real Estate experienced a slight dip in revenue and profit due to ongoing renovations in residential properties, the sector received a major boost with the acquisition of Golden Tower, now known as Aamal Tower. This landmark commercial asset in West Bay is expected to strengthen Aamal's portfolio of prime rental properties and attract high-value tenants.
In the Managed Services sector, Aamal experienced growth in revenue volumes, though net profit remained flat due to lower gross profit margins from certain business units. Aamal Services, along with MMS and ECCO Gulf, faced challenges from severe price competition and fewer one-off orders compared to the first quarter of 2024.
Maintenance Management Solutions saw a significant performance gap due to the absence of large-scale ad hoc projects completed during the previous period. On a positive note, the Family Entertainment Center performed well by capitalising on increased footfall during the Eid holidays and school vacation period through targeted marketing efforts and facility upgrades.
Looking ahead, Aamal remains optimistic about sustaining its growth trajectory in the second half of the year. The company's strategic investments, sectoral resilience, and regional expansion plans position it to unlock new growth opportunities while contributing positively to key sectors in Qatar and the broader GCC region.
The board of directors, along with the executive management, reiterated their confidence in Aamal's ability to continue delivering long-term value in line with Qatar National Vision 2030.
The results for the first half of 2025 affirm the strength of Aamal's value creation strategy and highlight the company's commitment to operational excellence, regional leadership, and sustainable growth.
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