Baladna (BLDN) Q4 2025 earnings summary

Executive summary

• Achieved record financial results in FY2025, with revenue rising to QAR 1,268 million, net profit surging 192% to QAR 540 million, and EBITDA reaching QAR 770 million, driven by international expansion, diversified investments, and strong HoReCa performance.

• Maintained #1 market share in six core dairy and beverage categories in Qatar, with ongoing innovation and new product launches.

• Advanced international projects in Algeria, Syria, and Egypt, with Algeria moving to active development and Egypt strengthening regional operations.

• Total assets grew to QAR 6.1 billion, and equity attributable to shareholders reached QAR 3.32 billion.

Financial highlights

• FY2025 revenue reached QAR 1,268 million, up 11% year-over-year; Q4 revenue was QAR 326.5 million, up 14% year-over-year.

• Net profit for FY2025 was QAR 540 million, up 192% year-over-year; Q4 net profit was QAR 158.4 million, up 260% year-over-year.

• EBITDA for FY2025 was QAR 770 million with a margin of 60.7%; Q4 EBITDA was QAR 216 million, up 127% year-over-year.

• Gross profit margin improved to 26% in FY2025 from 22.7% in FY2024.

• Earnings per share increased to QAR 0.252 from QAR 0.086 in 2024.

Outlook and guidance

• Focus on disciplined execution of international projects, especially in Algeria and Syria, and expansion of the diversified investment platform.

• Ongoing capital investments in property, plant, and equipment and expansion projects are expected to support future growth.

• Continued commitment to product quality, innovation, operational excellence, digital transformation, and sustainability initiatives.

• Evaluating additional regional markets for further geographic expansion.