Aamal Reports Higher 2025 Profit, Proposes 5% Dividend

Aamal Company, one of Qatar’s leading diversified groups, reported a 2.5 per cent rise in net profit for the year ended December 31, 2025, supported by resilient performance across its industrial, property and managed services segments despite softer overall revenue.

Net profit attributable to shareholders reached QR443.3 million, up from QR432.5 million in 2024. Earnings per share rose to QR0.070 from QR0.069. Total revenue declined 5 per cent to QR1.996 billion, while gross profit remained broadly flat at QR514.7 million.

The company significantly increased capital expenditure to QR518.1 million compared with QR39.5 million a year earlier, reflecting major strategic investments. Gearing rose to 7.41 per cent from 2.52 per cent.

The Board of Directors will recommend a 5 per cent cash dividend, subject to shareholder approval at the Annual General Meeting scheduled for April 21.

Chairman Sheikh Faisal Bin Qassim Al Thani said the results reflected the resilience of Aamal’s diversified model across its four core sectors: Property, Trading & Distribution, Industrial Manufacturing and Managed Services.

He noted that the Property division maintained high occupancy levels and strengthened its portfolio through the acquisition of Aamal Tower, while City Center Doha enhanced its tenant mix.

Across Industrial Manufacturing and Trading & Distribution, subsidiaries expanded partnerships, improved efficiencies and captured opportunities in energy, infrastructure and export markets.

Vice Chairman and Managing Director Sheikh Mohamed bin Faisal Al Thani said Aamal remained focused on disciplined execution, governance and long-term value creation, supported by Qatar’s positive economic outlook and ongoing developmentinitiatives.

Aamal Chief Executive Officer Rashid Bin Ali Al Mansoori said, “The 2025 was a year of focused execution, strategic portfolio optimisation, and disciplined growth for Aamal cross its four sectors.

In Property, the acquisition of Aamal Tower strengthened and diversified our real estate portfolio, complementing sustained high occupancy levels across our assets.”

He said, “Looking ahead, we are confident that we will continue to deliver strong and sustainable results for our shareholders in the year ahead.” Industrial Manufacturing was a key growth driver in 2025, with revenue rising 5.1 per cent to QR198.7 million and net profit jumping 23.1 per cent to QR76 million.

Senyar Industries delivered strong growth, supported by continued involvement in major national projects including Kahramaa and North Field expansion works.

Doha Cables recorded a 296 per cent increase in export revenues, helping offset weaker domestic demand.

The completion of a new production line capable of manufacturing 400 kV cables expanded its capacity to serve transmission network projects across Qatar and the wider region.

Aamal Energy strengthened its market position through active tendering in upstream and offshore services and expanded strategic partnerships under Qatar’s Tawteen localisationprogramme.

In construction materials, Aamal Cement improved profitability through raw material optimisation and launched a new interlock paving range, while Aamal Readymix expanded its fleet with 10 new concrete mixers to enhance delivery capacity.

Frijns posted profit growth despite project delays, supported by investments in advanced manufacturing equipment and expanded facilities in Mesaieed. Aamal Maritime’s vessel Al Rayyan completed major upgrades and regulatory enhancements, securing international operational approval for the next five years.

The Trading and Distribution segment recorded revenue of QR1.36 billion and net profit of QR112.8 million, down 8.4 per cent and 3.4 per cent respectively.

The decline was largely driven by pricing pressure and softer demand affecting Ebn Sina Medical and Aamal Medical.

Ebn Sina faced margin compression due to increased competition from generic medicines and higher financing costs, although it signed 17 new distribution agreements and submitted more than 1,000 regulatory applications during the year.

Aamal Trading delivered stable revenue and profit while adding new brands, upgrading warehouse systems and pursuing tenders across aviation, construction and energy sectors.

The Property segment delivered another year of growth, supported by high occupancy and strong leasing demand. City Center Doha benefited from a 4,000 sqm expansion and tenant mix enhancements, while the acquisition of Golden Tower added 130 commercial and residential units to Aamal’s portfolio.

Managed Services recorded a 5 per cent increase in revenue and a 4.2 per cent rise in net profit. Growth was driven by contract wins, fit-out and refurbishment projects, and the introduction of new technologies such as drone façade-cleaning.

The Family Entertainment Center and Aamal Travel adapted to competitive pressures through targeted marketing and expanded service offerings.

Aamal said its strengthened operational capacity, targeted investments and diversified presence position the group to capture emerging opportunities while maintaining disciplined growth into 2026.