Mannai Corporation posts 44% jump in H1 net profit to QR101mn
Mannai Corporation reported strong results in H1 2026 with a 44% net profit growth to QR101mn.Revenue for the period stood at QR2.7bn, representing a 29% year-on-year increase from QR2.1bn. Gross prof...
Mannai Corporation disclosed impressive financial performance for the first half of 2026, with net profit soaring by 44% to QR101mn. The company's revenue surged by 29% year-on-year, reaching QR2.7bn from QR2.1bn in the same period last year. Gross profit expanded by 19% to QR422mn, up from QR354mn in H1 2025. EBITDA climbed by 17% to QR226mn, while EBIT amounted to QR172mn.
Profit before tax skyrocketed by 51% to QR114mn, indicating a notable uptick from the previous year. The ICT Group and the Automotive Division played pivotal roles in driving the company's success. The ICT Group's growth was fueled by a robust order book and efficient execution, while the Automotive Division's expansion of the BYD franchise contributed significantly to volume growth and revenue generation.
Lower financing costs further bolstered the group's earnings, reinforcing confidence in its future outlook.
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