Aamal Company has posted a first-quarter net profit of QR101.8mn, up 8.3% on the same period last year.

Total revenue rose 6.8% to QR580.3mn while reported earnings per share increased 8.3% to QR0.016 in the first quarter of the year, Aamal announced Monday.

Aamal Chief Executive Officer Rashid bin Ali al-Mansoori said: “I am pleased to report a strong start to 2025 for Aamal with the company achieving solid year-on-year revenue growth of 6.8% and an 8.3% rise in net profit.

“These results underscore the company’s sustained strategic delivery as it continues to adapt to changing market conditions and pursues promising growth avenues across its diversified and well positioned portfolio.

“The Trading and Distribution segment successfully carried its positive performance into 2025, with this being driven largely by strong organic growth at Ebn Sina Medical following the business module change.

“Aamal Trading was also successful in growing its market share and revenues on the back of sell out promotions and price increases on renewed service contacts.”

He said the performance of the Industrial Manufacturing segment continued to be mixed, with low levels of new construction activity resulting in subdued demand for Aamal Readymix and Aamal Cement, where revenue and net profit remained relatively flat year on year.

Nevertheless, Senyar once again benefited from the demand stemming from the Kaharama and North Field projects to further improve its healthy profitability while profitability at Aamal Maritime’s was bolstered by improving shipping rates and stable occupancy.

“Our Property segment reported solid growth in revenue and net profit for the quarter highlighting the continued strong positioning of Aamal’s commercial and residential property portfolio. At City Center Doha, recent investment to enhance the shopping experience was rewarded with the signing of several new tenants and the signing of new lease agreements on more favourable financial terms.

“Our Managed Services reported a marginal decline in revenue for the period coupled with flat year-on-year net profit. In particular, Maintenance Management Solutions recorded flat net profits and a slight weakening in year-on-year revenue. This was largely attributable to the challenging comparables' generated by the completion of several ad hoc projects in Q1-2024.”

Aamal Vice-Chairman and Managing Director Sheikh Mohamed bin Faisal al-Thani added: “Overall, these are a positive set of first quarter results for Aamal, placing the Company on a strong footing as it looks to replicate the strong performance and successful strategic progress delivered in 2024.

“Looking ahead to the rest of the year I am confident in Aamal’s continued ability leverage our resilient and diversified business model to capture the abundant growth opportunities in both Qatar and the wider region. I would like to thank all Aamal employees for their efforts and contribution and look forward to driving continued value for all the company’s stakeholders.”