Industries Qatar (IQCD) investor relations material

Executive summary

• Net profit for Q1 2026 was QR 734 million, down 26% year-over-year due to lower sales volumes, higher operating costs, and reduced other income, despite higher selling prices.

• Revenue for Q1 2026 was QR 4,166 million, stable year-over-year as higher selling prices offset lower sales volumes.

• The group is a major regional player in petrochemicals, fertilizers, and steel, with production facilities in Qatar and a diversified revenue base.

• Market leader in steel and the world's largest single-site urea producer, supported by strong financials and robust governance.

• Earnings per share for Q1 2026 was QR 0.12, compared to QR 0.16 in Q1 2025.

Financial highlights

• Gross profit increased to QR 848 million from QR 819 million year-over-year.

• Cash and bank balances at March 31, 2026 were QR 8.4 billion; no long-term debt.

• Positive operating cash flow of QR 1.1 billion; free cash flow of QR 0.7 billion after capex and dividends.

• Dividend payout of QR 2.7 billion for FY 2025.

• Net cash used in financing activities was QR 2,753 million, mainly due to dividend payments.

Outlook and guidance

• Ongoing regional conflict and closure of the Strait of Hormuz have disrupted supply chains, impacting production, logistics, and sales volumes.

• Supply-side constraints and shipping bottlenecks likely to support higher selling prices in the near term.

• Demand-supply dynamics are expected to continue influencing prices, especially in steel and fertilizers.