Milaha posts nine-month net profit of QR958mn
Regional maritime and logistics solutions provider Milaha reported a net profit of QR958mn for the first nine months of 2026.Earnings per share was QR0.84 for the nine months ended September 30, compa...
Milaha reported a nine-month net profit of QR958mn for the period ending September 30, 2026, marking an increase of QR175mn compared to the same period in 2025. Earnings per share declined slightly to QR0.84 from QR0.93 for the same period in 2025. The company's operating revenues rose to QR2.61bn, up from QR2.45bn in the previous year.
The improvement in Milaha's bottom line was primarily driven by strategic vessel redeployment and favorable industry-wide freight rates in its container shipping unit. Additionally, increased project cargo moves and the establishment of landbridge corridors in the logistics unit more than compensated for weaker performance from the port operations joint arrangement.
In contrast, Milaha Gas & Petrochem saw a QR142mn decline in net profit, largely due to the divestment and one-time gains from selling two large gas carriers and weaker performance from its fleet amid the regional conflict. Milaha Offshore and Marine & Technical Services also experienced declines in net profit, attributed to the impact of the conflict on operations and reduced engineering project activity.
Milaha Capital, however, reported a QR1mn increase in net profit, despite lower dividend income from its local investment portfolio. The real estate unit's net income rose, partially due to avoiding an impairment loss recorded in 2025. The company is scheduled to hold an investor conference call on October 28, 2026, at 2pm Doha time to discuss these results in more detail.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
