Qatar LNG shipping company Nakilat reported a 3.7 percent rise in net profit for the first half of the year. Specifically, the company earned QR860 million, up from QR829 million during the same period last year. Consequently, this result confirms Nakilat’s leadership in global Qatar LNG shipping and highlights its strong financial position.
In addition, Nakilat’s board approved an interim cash dividend of 7.2 Qatari Dirhams per share for eligible shareholders. Moreover, investors who hold shares at the close of the upcoming trading session will receive the dividend. Notably, the Qatar Financial Market Authority will manage the distribution through the Edaa platform, thereby reinforcing investor trust in Qatar LNG shipping.
Furthermore, Nakilat also reduced total expenses to QR1,396 million, reflecting a 4.5 percent decrease. As a result, this cost discipline strengthens profit margins and directly supports future Qatar LNG shipping expansion.
Meanwhile, CEO Abdullah Al Sulaiti praised the team’s strong performance and flexible strategies. More importantly, he emphasized financing initiatives that lower funding costs and improve long-term cash flow. Therefore, these initiatives support Nakilat’s strategic vision in the Qatar LNG shipping sector.
At the same time, the company started building 25 LNG carriers in South Korea, each with a capacity of 174,000 cubic meters. Significantly, Nakilat will charter these vessels to QatarEnergy affiliates through long-term agreements. This milestone, in turn, aligns with the company’s broader growth goals in Qatar LNG shipping.
Additionally, Nakilat launched construction on six more vessels at Hyundai Samho Heavy Industries. These include two LNG carriers and four LPG/ammonia vessels. In fact, Nakilat will fully own all six ships, which further boosts its transport capabilities.
Importantly, the company secured a five-star safety rating from the British Safety Council for both health and environmental audits. As a result, this achievement showcases Nakilat’s consistent commitment to safe, sustainable, and efficient Qatar LNG shipping operations.
Finally, Nakilat earned recognition among the Top 100 listed companies in the Middle East. Undoubtedly, this honor reflects its leadership in maritime logistics and energy transport.
To further support investor transparency, Nakilat will host a financial results call. The company will also release a detailed presentation before the session to ensure all stakeholders stay well-informed.
