IQ posts revenue of QR5.9 bn in H1 2026

Industries Qatar (IQ) reported a revenue of QR5.9 billion for the six months ending June 30, 2026, but its net profit fell to QR216 million due to the ongoing regional conflict, production cuts, and shipping disruptions. The company's EBITDA margin dropped to 24 percent in the first half of 2026, down 52 percent from the same period in 2025.

Reduced production output and weaker utilisation also impacted IQ's performance. Despite these challenges, IQ maintained a strong focus on health, safety, and environmental standards. Higher average selling prices and lower operating costs helped offset some of the negative impact, but overall operating margins remained under pressure.

Revenue was primarily affected by lower sales volumes and decreased production levels, while shipping and logistics disruptions added to the challenges. IQ's cash position remained robust, with QR8.6 billion in consolidated cash and bank balances, and the company maintained a debt-free balance sheet. The petrochemical and fertilizer segments both reported net losses in the first half, while the steel segment delivered growth due to higher average selling prices and lower operating costs.

IQ also distributed dividends relating to the second half of 2025 and continued to invest in its assets and operational reliability.