Gulf Warehousing Company (GWC), a leading logistics provider in the MENA region, has announced its financial results for the first quarter of 2025. They reported revenues of QR367.65 million and a net profit of QR37.69 million. Earnings per share stood at QR0.064.
GWC Chairman Mohammed bin Hamad bin Jassim bin Jaber Al Thani said the company achieved a 54% increase in net profits compared to the fourth quarter of 2024, when profits stood at QR24.87 million. He emphasized that the company remains focused on sustaining profitability. Additionally, they are expanding into new markets and supporting national development strategies, including Qatar National Vision 2030.
“We are continuing our efforts to solidify GWC’s financial position, enhance operational efficiency, and invest in infrastructure and human capital. Our strategic expansion and risk mitigation approach ensures long-term stability and maximizes shareholder value,” he stated.
Managing Director Abdulla bin Fahad bin Jassim bin Jaber Al Thani noted that GWC is actively pursuing a comprehensive expansion strategy to diversify investments. This will strengthen its regional leadership in logistics. “We are expanding our local logistics network to provide top-tier services to clients. We aim to maintain our industry leadership.”
In February, GWC inaugurated a state-of-the-art logistics hub in Ras Laffan Industrial City. It is tailored to support Qatar’s vital oil and gas sector, particularly the North Field Expansion Project. This project is the largest LNG project currently under construction globally.
In March, the company signed a strategic partnership with Huawei to handle delivery services for its e-commerce platform in Qatar. This aims to ensure an enhanced customer experience following the platform’s launch.
Acting Group CEO Matthew Kearns highlighted the company’s focus on innovation. He stated, “We prioritize delivering advanced logistics solutions that adapt to customer needs and future demands. Our commitment to sustainability, governance, and support for SMEs is at the core of our strategy. We aim to expand our client base and form valuable partnerships.”
In April, GWC received long- and short-term credit ratings of ‘qaA-’ and ‘qaA2’, respectively, from Capital Intelligence. These ratings came with a stable outlook. The ratings reflect GWC’s dominant market share, strong financial position, and focus on offering high-value supply chain services backed by a solid capital base.
