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

Executive summary

• Net profit for Q1 2026 was QR 163 million, down 29% year-over-year, mainly due to a 15% drop in total fuel sales and a sharp decline in jet fuel sales attributed to regional conflict and market conditions.

• Jet fuel sales volume dropped 26% year-over-year and 87% in March 2026, with some recovery noted in April.

• The company maintains a strong market share in Qatar's petroleum retail sector and continues to expand its station network, with new projects awarded and under development.

• Dividends of QR 497.1 million were paid to equity holders during the quarter.

• Total comprehensive income for Q1 2026 was QR 130.8 million, compared to QR 209.4 million in Q1 2025.

Financial highlights

• Total revenue for Q1 2026 was QR 4,976.6 million, down 21% from Q1 2025.

• Net income for Q1 2026 was QR 163 million, a 29% decrease year-over-year.

• Gross profit declined to QR 134.9 million from QR 194.6 million year-over-year.

• Basic and diluted EPS was QR 0.16, down from QR 0.23 in Q1 2025.

• Cash and cash equivalents at 31 March 2026 stood at QR 1,749.1 million, down from QR 2,076.4 million at year-end 2025.

Outlook and guidance

• Management expects continued recovery in fuel volumes, especially jet fuel, as market conditions stabilize.

• Petrol station expansion remains on track, with dynamic plans under periodic review based on demand.

• Jet fuel prices are set by QatarEnergy and may adjust with crude oil trends.

• Dividend payments and lower net profit suggest a cautious outlook for the remainder of 2026.

• Management remains confident in the company's strategic role and resilience despite current challenges.