Milaha reports H1 net profit of QR542mn

05/08/2026 04:13 AST

Maritime and logistics solutions provider Milaha posted a net profit of QR542mn in the first six months of 2026.

During H1 2026, Milaha reported operating revenues of QR1.68bn, compared to QR1.59bn for the same period in 2025. Operating profit stood at QR265mn, compared to QR354mn for the same period in 2025.

Milaha's H1 2026 net profit decreased compared to QR672mn recorded in the same period last year. Earnings per share during the period was QR0.48, compared to QR0.59 in H1 2025.

Milaha Maritime & Logistics' bottom line decreased by QR16mn compared to the same period in 2025, driven by lower container volumes handled under its port operations joint arrangement due to the regional conflict.

Milaha Gas & Petrochem reported a QR12mn decline in H1 net profit compared to the same period in 2025, mainly due to the divestment of two very large gas carriers (VLGCs) last year and lower income from our partially owned LNG associate companies.

Milaha Offshore's net profit decreased by QR85mn compared to the same period in 2025, primarily due to the impact of the regional conflict, which adversely affected revenue and increased operating costs.

Milaha Marine & Technical Services reported a QR16mn decline in net profit compared to H1 2025, mainly due to higher bad debt provisions at its shipyard unit and lower income due to disruptions linked to the regional conflict.

Milaha Capital recorded a QR2mn decline in net profit compared to H1 2025, driven by the internal transfer of warehouses to the Maritime & Logistics segment.

The company will conduct an investor conference call Tuesday (August 4) at 2pm Doha time, to further discuss its results.

Gulf Times