Mannai Corporation reports 54% increase in net profit to QR156m

Doha, Qatar witnessed a significant surge in Mannai Corporation's net profit, as the company reported a 54% increase in net profit for the nine-month period ending on 30 September 2026. The financial report highlighted a robust growth in the company's revenue, profitability, and earnings per share.

The company's revenue soared by 16%, reaching QR4.03bn, up from QR3.4bn reported in the corresponding period of the previous year. This growth was primarily driven by the ICT and Automotive segments. The gross profit also increased by 16%, amounting to QR654m, compared to QR565m in the previous year.

EBITDA rose by 11% to QR352m, a slight increase from the preceding period's QR318m, while EBIT grew by 16% to QR268m, up from QR231m. Net profit before tax saw an impressive 71% rise, reaching QR173m, up from QR101m in the previous year.

The net profit after tax also experienced a notable surge, increasing by 54% to reach QR156m, compared to QR101m in the same period last year. Consequently, earnings per share climbed by 54% to QR0.34, a significant jump from QR0.22 in the previous year's corresponding period.

These strong performances from the ICT Group and the Automotive Division were key contributors to the Group's year-to-date Q3 2026 results. The impressive growth in revenue, gross profit, EBITDA, and EBIT, coupled with a substantial rise in net profit after tax, has reinforced confidence in Mannai Corporation's future prospects.