Qatar Gas Transport Company (QGTS) investor relations material

Executive summary

• 9M 2026 total income rose to QR3,610,002 thousand from QR3,488,934 thousand, while profit declined to QR1,292,383 thousand from QR1,313,905 thousand.

• Q3 profit was QR435,461 thousand versus QR453,929 thousand YoY; total income was QR1,218,242 thousand versus QR1,221,644 thousand.

• 9M total comprehensive income increased to QR2,544,049 thousand from QR855,645 thousand, including favorable swap fair-value changes.

• Basic and diluted EPS was QR0.23; annualized ROE was 12.7% and the current ratio was 1.83.

Financial highlights

• 9M vessel income was QR2,785,883 thousand versus QR2,798,019 thousand; shipyard services income rose to QR239,944 thousand from QR86,829 thousand.

• Interest, dividend and other income rose 117.3% to QAR207M; LPG vessel-sale gains contributed to other income.

• 9M finance charges fell to QR670,161 thousand from QR757,592 thousand; tax expense rose to QR34,098 thousand from QR18,682 thousand.

• Operating cash flow was QR1,616,135 thousand versus QR2,083,017 thousand; investing cash outflow was QR3,461,502 thousand, partly offset by QR2,405,166 thousand financing inflow.

• Depreciation and amortization totaled QR698.7M versus QR664.9M; operating costs rose 21.4% to QAR811M and G&A increased 59.3% to QAR110M.

Outlook and guidance

• Fleet expansion includes 36 LNG carriers and 3 LPG/ammonia carriers on order; the fleet is expected to reach 107 vessels after newbuild deliveries.

• Shipbuilding commitment is ~US$9.7B, with deliveries and payments scheduled across 2026–2031.