Qatar Navigation QSC (DSMD:QNNS)

Q4 2025 Qatar Navigation QPSC Earnings Call Transcript

Jan 28, 2026 / 11:00AM GMT

Release Date Price: ر.ق11.14 (-1.42%)

Transcript

Key Points

Positve

Qatar Navigation QSC (DSMD:QNNS) reported a record-breaking year in 2025 with significant growth across most segments.
The offshore segment experienced over 50% net income growth, driven by increased project work and new vessel additions.
Operating revenues increased by 17% year-over-year, reaching QAR3.3 billion in 2025.
The company strategically divested from the volatile VLGC business, enhancing its strategic focus.
Net profit for the full year increased by 13%, reaching QAR1.27 billion.

Negative

The Maritime and Logistics segment faced challenges due to low container shipping rates and geopolitical issues.
Logistics margins remain under pressure due to intense competition.
Operating expenses increased significantly, impacting overall profitability.
The Gas and Petchem segment saw a decrease in profits due to lower joint venture results and impairments.
The company faces volatility in container shipping rates, impacting revenue predictability.

Operator

Hello everyone and welcome to Milaha Qatar Navigation Conference call. Please note that this call is being recorded. I'd now like to hand the call over to Bobby Sarkar. Please go ahead.

Bobby Sarkar

QNB Financial Services SPC

Thank you, operator. Hi, hello everyone. This is Bobby Sarkar, head of research at QNB Financial Services, and I wanted to welcome everyone to Milaha's fourth quarter and fiscal year 2025 results conference call.

So on this call we have Akram Iswaisi, who is the EVP of Finance and Investments, and Sami Shtayyeh, VP of Financial Planning and Analysis, and so we will conduct this conference with the management first, going over the company's results, followed by a Q&A.

I would now like to turn the call over to Akram, and Akram, please go ahead.

Akram Bashir Iswaisi

Qatar Navigation QPSC - Executive Vice President of Finance & Investments

Thank you so much, Bobby.

Thank you everyone for joining the Milahaâs full year 2025 earnings call and your interest in

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