Aamal Company Reports 17.5% Net Profit Increase in H1 2025

DOHA: Aamal Company, a prominent diversified firm in the region, announced a notable financial performance for the first half of 2025. The company reported a net profit of QR221.3 million, reflecting a substantial increase of 17.5% compared to QR188.4 million in the same period last year. Total revenue for the first half reached QR1.07 billion, up from QR1.045 billion in H1 2024.

The gross profit saw a slight increase of 0.2%, amounting to QR261.8 million, compared to QR261.3 million in the previous year. There were no fair value gains on investment properties reported for either period. Earnings per share rose to QR0.035, an increase from QR0.030 in H1 2024. Additionally, net capital expenditure decreased by QR6.2 million to QR13.8 million, while the company’s gearing ratio increased to 2.93%.

Strategic Growth and Future Prospects

Sheikh Mohamed bin Faisal bin Qassim Al Thani, Vice Chairman and Managing Director of Aamal, expressed confidence in the company’s performance, stating, “Aamal’s first-half performance is a strong endorsement of the Group’s strategic direction and the capable leadership across all its business units.” He emphasized the company’s ability to deliver consistent value through a diversified business model and a clear focus on long-term growth.

Highlighting Aamal’s ongoing projects, Sheikh Mohamed noted a significant QR3 billion order backlog and plans to establish a new infrastructure and construction services company in Saudi Arabia. This move is expected to enhance Aamal’s presence in emerging markets and create new opportunities for growth.

Rashid bin Ali Al Mansoori, Chief Executive Officer of Aamal, also commented on the results, reinforcing the strength of the company’s diversified business model. He remarked, “These results reflect our confidence in the Company’s strategic direction and its ability to capture long-term value across various markets, not only in Qatar but in the wider region.”

Continued Focus on Growth and Operational Performance

Aamal’s industrial manufacturing sector has shown robust performance, contributing significantly to the company’s revenue and profit growth. The sector is actively engaged in major infrastructure and energy projects, with a recent contract worth QR1 billion signed with Kahramaa, further bolstering its order backlog.

Looking ahead, Al Mansoori expressed optimism about maintaining the momentum generated in the first half, stating, “This set of results highlights the benefits of Aamal’s value creation strategy and investments.” He reiterated the company’s commitment to unlocking new growth avenues while enhancing its positive impact across key sectors in Qatar and the Gulf Cooperation Council (GCC) region, aligning with Qatar National Vision 2030.

Aamal’s recent performance underscores its strategic focus on expansion and operational excellence, positioning the company to capitalize on emerging opportunities in a dynamic economic landscape.