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

Executive summary

• Net profit for H1 2026 was QR 398 million, down 14% year-over-year, mainly due to lower sales volume and regional geopolitical challenges.

• Total revenue for H1 2026 was QR 10.2 billion, an 18% decrease year-over-year, primarily from a 17% drop in overall fuel sales volume.

• Retail market share in Qatar reached approximately 84% in H1 2026.

• Four new stations are planned for H2 2026, with one in Q3 and three in Q4, and additional stations in the tendering process.

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

Financial highlights

• Revenue from petroleum products accounted for over 95% of total revenue.

• Q2 2026 revenue increased 5% sequentially, driven by a 1% rise in sales volume and 8% higher average sales price.

• Gross profit was QR 321.3 million, down from QR 353.6 million in the prior year, but gross margin improved due to cost control and inventory-related price variances.

• Basic and diluted EPS was QR 0.40, compared to QR 0.46 for the same period last year.

• Cash and cash equivalents at 30 June 2026 stood at QR 1.82 billion, down from QR 2.08 billion at year-end 2025.

Outlook and guidance

• CapEx for the full year is expected between QR 200 million and QR 300 million, including reliability projects and new stations.

• Non-jet fuel volumes normalized by end of July; jet fuel at 80%-85% of normal levels, with recovery dependent on market conditions.

• G&A optimization expected to sustain Q2 levels for the rest of the year.

• Dividend policy unchanged, but declaration deferred until year-end due to current circumstances.

• Results for the six-month period are not necessarily indicative of the full year ending 31 December 2026.