WOQOD achieves net profit of QR852m for nine-month period

Doha, Qatar: Qatar Fuel Company (WOQOD) reported a net profit of QR852 million for the nine-month period ending on 30th September 2026, marking a significant 13% increase from QR752 million achieved in the same period last year. The company's Board of Directors, led by Ahmed Saif Al-Sulaiti, approved the financial results and strategic plans for 2027.

Earnings per share rose to QAR 0.86, up from QAR 0.76 in the previous year. The growth is primarily due to rising inventory prices, particularly in the third quarter of 2026. However, overall sales volume decreased by 14% compared to 2025, mainly due to ongoing geopolitical tensions that impacted aviation fuel sales, the main contributing factor.

WOQOD opened three new petrol stations during the reporting period and plans to complete four more by the end of the year. The company also maintained uninterrupted distribution services across all sectors, despite the challenging conditions. WOQOD has been awarded the RoSPA Gold Award for Occupational Health and Safety Achievement for three consecutive years and another Gold Award for Fleet Safety and Management Systems for two years in a row.

The company's CEO, Saad Rashid Al-Muhannadi, affirmed that WOQOD will continue to strive for value maximization and shareholder returns through efficiency and operational effectiveness improvements. The Group remains committed to advancing the petroleum distribution sector and ensuring uninterrupted supply of petroleum products and gas while adhering to the highest international Health, Safety, Security, and Environment standards.