Aamal Company, one of Qatar’s leading diversified businesses, reported solid growth in the first quarter of 2025. The company announced a 6.8 percent increase in revenue, reaching QR580.3 million compared to QR543.3 million in Q1 2024.
Despite the higher revenue, gross profit dipped slightly by 1.3 percent to QR128.7 million. However, Aamal delivered an 8.3 percent rise in net profit attributable to shareholders, which climbed to QR101.8 million from QR94 million a year earlier. Earnings per share also increased by 8.3 percent to QR0.016.
A key factor behind the company’s strong start to the year was the continued growth of its Trading and Distribution segment. According to CEO Rashid Al Mansoori, Aamal’s strong Q1 performance stems from the segment’s solid momentum.
“Ebn Sina Medical showed strong organic growth following a change in its business model,” Al Mansoori said. “Aamal Trading also expanded its market share through strategic promotions and adjusted service prices.”
On the other hand, the Industrial Manufacturing segment delivered mixed results. Weak construction activity kept demand low for Aamal Readymix and Aamal Cement. As a result, revenue and profits in this area remained nearly unchanged.
Still, Aamal’s strong Q1 performance was boosted by other sectors. Senyar’s profitability improved thanks to ongoing work on Kahramaa and North Field projects. Meanwhile, Aamal Maritime benefited from stable occupancy and higher shipping rates.
Net capital expenditure dropped 35.7 percent to QR6.6 million, and the company’s gearing ratio fell to 0.9 percent.
Vice Chairman Sheikh Mohamed bin Faisal Al Thani said, “These results reflect the solid foundation we built in 2024. As we move forward, we aim to build on Aamal’s strong Q1 performance and seize new growth opportunities in Qatar and beyond.”
With a diversified portfolio and a clear strategy, Aamal’s strong Q1 performance sets the tone for a promising year ahead.
