Q1 2025 Qatar Electricity and Water Company QPSC Earnings Call Transcript
Key Points
- Qatar Electricity & Water Co (DSMD:QEWS) maintains a strong market share in power and water within Qatar.
- The company has a well-diversified portfolio of renewables and thermal assets across 10 countries.
- Long-term off-take contracts and fuel supply agreements are in place, ensuring stability.
- Plant availability has improved compared to last year, indicating operational efficiency.
- Share of profit from joint ventures and associates increased by QAR8 million compared to the previous year.
- Revenue for Q1 2025 was QAR681 million, a 1% decrease compared to the same period last year.
- EBITDA decreased by 8% to QAR442 million compared to Q1 2024.
- Net profit for Q1 2025 was QAR288 million, which is 10% lower than the previous year.
- Interest and other income decreased significantly from QAR136 million to QAR99 million.
- Total equity of the company decreased by 2%, largely due to dividends paid in Q1 2025.
Hello and welcome to the Qatar Electricity and Water Results Call. I would like to advise all participants that this call is being recorded. Thank you. I'd now like to welcome Bobby Sarkar from QNBFS to begin the conference. Bobby, over to you.
Thank you, [Ellie]. Hi, hello, everyone. This is Bobby Sarkar, Head of Research at QNB Financial Services. I wanted to welcome everyone to Qatar Electricity and Water Company's first quarter 2025 results conference call and webinar. On this call we have Shahzad Gill, who is the Chief Finance and Planning Officer, and Dan Sabitov, who is a Corporate Planning Performance and IR Manager.
So we will conduct this conference with the management first reviewing the company's results followed by a Q&A. Please note that we will only accept questions in an audio format for this webinar. I would now like to turn the call over to Shahzad. Shahzad, please go ahead.
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