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

Executive summary

• Achieved total revenue of QAR 26 billion in 2025, down 8% year-over-year due to lower average sales prices despite a 1% increase in fuel sales volume.

• Net income for 2025 was QAR 1.04 billion, a 1% decrease from 2024, mainly due to lower other income and non-fuel segment performance.

• Consolidated financial statements for the year ended 31 December 2025 were audited and present a true and fair view in accordance with IFRS standards.

• The Group operates mainly in Qatar, focusing on sale, marketing, and distribution of oil, gas, and refined petroleum products, with additional services in vehicle inspection, marine, bitumen, and real estate.

• Retail fuel sales volume rose 3% year-over-year, with market share in Qatar's petroleum retail market reaching 84%.

Financial highlights

• Revenue for 2025 was QR 25,943 million, down from QR 28,048 million in 2024.

• Net profit for 2025 was QR 1,081.8 million, slightly down from QR 1,092.6 million in 2024.

• Gross profit increased to QR 869.5 million from QR 809.9 million year-over-year.

• Basic and diluted EPS was QR 1.05, compared to QR 1.06 in the prior year.

• Dividend per share decreased from QAR 1 to QAR 0.9 for the full year.

Outlook and guidance

• Retail fuel sales volume expected to grow at a similar 3% rate in coming years.

• CapEx for 2026 projected at QAR 200–300 million, driven by new stations and reliability projects.

• Management intends to maintain a healthy dividend payout, subject to annual results.

• The Group continues to monitor regulatory changes, including the implementation of the global minimum corporate tax (Pillar Two), with no top-up tax applicable for 2025.

• Non-fuel income expected to improve as market conditions recover and new initiatives are implemented.