QAMCO posts net profit of QR276m for nine-month period

Qatar Aluminium Manufacturing Company (QAMCO), a 50% joint venture partner in Qatar Aluminium Company (Qatalum), reported a net profit of QR276m for the nine months to September 30, 2026. This profit figure represents an earnings per share (EPS) of QR0.050.

The first nine months of 2026 were marked by global commodity market challenges, with the aluminium sector not immune to the effects of the regional conflict. Persistent disruptions resulted in heightened market volatility. Despite these conditions, aluminium demand persisted, driven by activity in key end-use sectors like infrastructure, construction, automotive, manufacturing, and energy transition projects.

In response to the market environment, industry participants underlined the importance of operational efficiency, prudent cost management, and commercial flexibility. This adaptation allowed them to navigate the extended period of evolving market dynamics. For the nine-month period ending September 30, 2026, the joint venture recorded lower production and sales volumes compared to the same period in 2025. This decline was primarily due to reduced operational activity stemming from shipping constraints.

Consequently, QAMCO's share of revenue, EBITDA, and net profit experienced a year-on-year decline. In Q3 2026, the company's net profit surged compared to Q2 2026, primarily due to higher sales volumes, though this increase was partially tempered by lower selling prices. QAMCO plans to host an investor relations (IR) earnings call to discuss its results for the nine months of 2026, its business outlook, and other matters, scheduled for October 27, 2026, at 1:30 p.m. Doha time.