Q1 2026 Aamal Company QPSC Earnings Call Transcript
Key Points
- Despite challenging conditions, Aamal Co QSC (DSMD:AHCS) demonstrated resilience with positive revenue growth in property, managed services, and industrial manufacturing segments.
- The acquisition of Aamal Tower supported growth in the property segment, contributing to a 4.6% increase in revenue.
- Aamal Cement saw significant profitability increases due to changes in raw material specifications and supplier rebates.
- Managed services segment showed stable performance with a 4% increase in revenue, supported by strong contributions from Maintenance and Management Solution (MMS).
- The company's diversified structure and balanced exposure across multiple sectors in Qatar and the wider GCC economy provided stability amid market challenges.
- Overall group revenue declined by 19.9%, with net profit attributable to Aamal equity holders down by 11%.
- The trading and distribution segment faced significant challenges, with revenue and net profit declining by 28.3% and 21.5%, respectively.
- Ebn Sina Medical's performance was adversely affected by a shift towards generic medicines and a competitive market, leading to a decline in demand.
- The property segment's net profit decreased by 7% due to higher maintenance costs and financing costs linked to the Aamal Tower acquisition.
- Aamal Maritime reported weaker performance due to temporary dry docking of vessels and lower global shipping rates.
Good day, ladies and gentlemen, and welcome to Aamal QPSC investors conference call, first quarter 2026 financial results presentation. (Operator Instructions) I'd like to remind all participants that this call is being recorded. Questions will follow after the presentation.
I'll now hand over to Zaid Shelleh, Investor Relations Manager, to start the presentation.
Thank you. Good afternoon, everyone; and thank you for joining us for Aamal Company's presentation for the three months ended March 31, 2026. My name is Zaid Shelleh, Investor Relations Manager at Aamal; and I am joined today by our Finance Controller, Corporate, Mr. Mohammad Arif.
We will be walking you through the key highlights of the financial performance for the period, and we will be happy to take your questions at the end of the presentation. You can also follow using the slides available on Aamal website, which is also available for download.
Let's begin with the highlights on slide 2. The first quarter
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