Qatar Fuel Company Q.P.S.C. (QFLS) investor relations material

Executive summary

• 9M revenue was QR 17,790,910 thousand, down from QR 19,189,258 thousand; 9M net profit attributable to equity holders reached QR 851,662 thousand, up from QR 751,598 thousand.

• A QR 209m fuel stock price variance supported reported profit; excluding it, normalized 9M net income declined QR 109m YoY.

• The network had 129 petrol stations and 13 Fahes vehicle inspection centers at September 2026; three stations opened during 9M and four more were under construction.

• Distribution services continued uninterrupted, with precautions in place for business continuity and employee safety amid geopolitical conditions.

Financial highlights

• 9M consolidated net profit was QR 866,823 thousand versus QR 783,859 thousand; net profit attributable to equity holders was QR 851,662 thousand versus QR 751,598 thousand.

• Q3 revenue was QR 7,585,182 thousand versus QR 6,715,977 thousand; consolidated net profit was QR 461,668 thousand versus QR 302,057 thousand.

• 9M gross profit was QR 725,722 thousand versus QR 619,383 thousand; Q3 gross profit was QR 404,375 thousand versus QR 265,827 thousand.

• The QR 209m fuel stock price variance was mainly driven by higher jet fuel prices; fuel operating margin fell QR 69m.

• 9M other comprehensive loss was QR 115,567 thousand, mainly reflecting fair-value changes in equity investments at FVOCI.

Outlook and guidance

• Fuel stock price gains may reverse if oil prices return to normal; timing depends on market dynamics.

• Diesel volumes may improve once macroeconomic and geopolitical conditions settle, though timing and extent remain uncertain.

• Four additional petrol stations were expected to be completed by year-end 2026; further stations are planned as immediate needs require.

• Strategic priorities include efficiency, operational effectiveness, asset sustainability, reliability and safety, while maintaining uninterrupted petroleum product and gas supply.

• No interim dividend is planned for 2026; the final dividend decision awaits year-end results and board review.