Q3 2025 Qatar Electricity and Water Company QPSC Earnings Call Transcript
Key Points
- Qatar Electricity & Water Co (DSMD:QEWS) reported a 1% increase in revenue for the nine months ending September 2025 compared to the same period last year.
- The company maintains a strong market share in power and water within Qatar and has a well-diversified portfolio internationally.
- Gross power capacity is 20 gigawatts, with 4.2 gigawatts being renewable, indicating a significant commitment to renewable energy.
- Long-term contracts and fuel supply agreements are in place, reducing fuel risk and providing stability.
- Total assets increased by nearly 3% compared to the previous year, driven by drawdown from the corporate credit facility.
- EBITDA decreased to QAR1.5 billion from QAR1.66 billion in the same period last year, largely due to one-off items and lower profits from joint ventures.
- Net profit decreased to QAR1.027 billion from QAR1.189 billion last year, impacted by one-off items and higher tax impacts.
- Interest and other income decreased significantly from QAR389 million to QAR276 million, attributed to lower interest income on deposits and one-off items.
- The company's net debt increased by nearly QAR800 million compared to 2024, mainly due to capital expenditures.
- Total equity of the group decreased by 1%, largely driven by dividend payments and changes in the fair value of interest swaps in joint ventures and associates.
Hello, and welcome to the Qatar Electricity and Water conference call. Please note that this call is being recorded. I would now like to turn the call over to our moderator, Bobby. Please go ahead.
Thank you, Dustin. Hi, hello everyone. This is Bobby Sarkar, head of research at Q&B Financial Services. I wanted to welcome everyone to Qatar Electricity and Water Company's Third quarter and nine months 2025 results conference call. So on this call we have Shahzad Gill, who is the chief finance and planning officer, and then Dan Sabitov, who's the corporate planning performance and IR manager.
So as usual 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 and not through the chat for this webinar. So I would like to now turn the call over to Shahzad. Shahzad, please go ahead.
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