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Visual21 Nov 2025
Data center suppliers
Milaha (QNNS) investor relations material
Milaha Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary27 Oct, 2025
Executive summary
Operating revenues for the nine months ended 30 September 2025 increased to QR 2,457,959 thousand, up from QR 2,131,019 thousand year-over-year.
Net profit attributable to equity holders rose to QR 1,057,860 thousand from QR 917,384 thousand in the prior year period.
Total comprehensive income attributable to equity holders reached QR 997,225 thousand, compared to QR 597,647 thousand year-over-year.
Financial highlights
Operating profit before impairments was QR 515,675 thousand, up from QR 445,378 thousand year-over-year.
Basic and diluted earnings per share increased to QR 0.93 from QR 0.81 year-over-year.
Cash and cash equivalents at period end were QR 343,135 thousand, up from QR 290,455 thousand a year earlier.
Net cash flows from operating activities were QR 926,996 thousand, compared to QR 605,575 thousand in the prior year period.
Outlook and guidance
The results for the nine-month period are not necessarily indicative of the full year ending 31 December 2025.
Management is assessing the impact of new accounting standards to be adopted in future periods.
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Frequently asked questions
Qatar Navigation Q.P.S.C., also known as Milaha, is a diversified maritime and logistics company based in Qatar. The company operates through several segments, including Maritime & Logistics, Gas & Petrochem, Offshore, Trading, and Capital. Its Maritime & Logistics segment provides container shipping, ship management, and port services. The Gas & Petrochem division focuses on transporting and handling gas and petrochemical products. The Offshore segment supports offshore oil and gas operations, while the Trading segment involves the distribution of heavy equipment and other related services. Additionally, the Capital segment manages the company’s investments in financial and real estate assets. The company is headquartered in Doha, Qatar, and its shares are listed on the Qatar Stock Exchange.
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