Mannai Corporation net profit surges by 44% in H1 2026
<p>Doha, Qatar: Mannai Corporation QPSC reported revenue of QR2.7bn for the first half of 2026, representing a 29% increase compared to QR2.1bn in the same period last year.</p> <p>Gross profit rose by 19% to QR422m, up from QR354m in H1 2025.</p> <p>Group Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) for the period increased by 17% to QR226m, while EBIT stood at…
Mannai Corporation reported a substantial 44% increase in its net profit for the first half of 2026, reaching QR101 million. The company's revenue rose by 29% to QR2.7 billion, compared to QR2.1 billion in the same period last year. Gross profit grew by 19% to QR422 million, while EBITDA increased by 17% to QR226 million. EBIT stood at QR172 million, and profit before tax climbed by 51% to QR114 million.
The significant growth was driven by strong performances from the ICT Group and the Automotive Division. The ICT Group benefited from a solid order book and efficient operations, while the Automotive Division's success with the BYD franchise expansion contributed to volume growth and revenue generation. Lower financing costs further supported the group's earnings growth, reinforcing confidence in its future outlook.
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