Aamal Co QSC (DSMD:AHCS)
ر.ق 0.72 +0.0010 (+0.14%) Market Cap: 4.52 Bil Enterprise Value: 5.41 Bil PE Ratio: 11.03 PB Ratio: 0.55 GF Score: 58/100

Q2 2026 Aamal Company QPSC Earnings Call Transcript

Jul 28, 2026 / 11:00 AM GMT
Release Date Price: ر.ق0.722 (-0.41%)

Key Points

Positve
  • Gross profit remained stable despite a challenging operating environment, showcasing the resilience of Aamal Co QSC (DSMD:AHCS)'s diversified portfolio.
  • The property segment experienced revenue growth, supported by the addition of Amal Tower and continued investments across the portfolio.
  • Amar Cement achieved strong improvement in profitability, aided by changes in raw material specifications and suppliers' rebates.
  • The turnaround at Advanced Piping Casts gained momentum with substantial revenue growth and stronger contributions from the Saudi Arabian business.
  • Maintenance Management Solutions (MMS) delivered strong growth in both revenue and profitability following new contract wins.
Negative
  • Group revenue declined by 1.9% year-on-year, and net profit decreased by 12.9%.
  • The trading and distribution segment saw a revenue decline of 3.9% year-on-year, mainly due to the healthcare sector's shift towards generic medicines.
  • Net profit in the industrial manufacturing segment declined by 23.3%, primarily driven by delays in project deliveries at Senior Industries.
  • The property segment's net profit declined by 6.9%, reflecting softer contributions from City Center Doha and interest costs associated with the acquisition of Amal Tower.
  • The family entertainment center recorded softer performance due to lower footfall and higher depreciation costs.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AHCS.QA - Aamal Company QPSC
Q2 2026 Aamal Company QPSC Earnings Call
Jul 28, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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, Investor Relations Manager at Amal, and I'm joined today with you. I'm joined today by our Corporate Financial Controller, Mr. Muhammad Arif. We will be walking you through the key highlights and financial performance for the first half of the year, and we will be happy to take your questions at the end of the presentation.

You can follow along using the slide deck available on Amman website, which also available to download. Let's begin with the highlights on slide 2.

The first half of 2026 was marked by more challenging operation environment. Group revenue declined by 1.9% year on year and net profit decreased by 12.9%.

Nonetheless. Gross profit remained broadly stable, demonstrating the resilience of Amal
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