Aamal Company reported a 17.5% year-on-year (y-o-y) increase in net profit from QR188.4mn to QR221.3mn in the first half of 2025.

Total revenue for the period stood at QR1.07bn, reflecting a slight growth from QR1.04bn, while gross profit increased by 0.2% y-o-y to QR261.8mn from QR261.3mn. Earnings per share jumped 17.5% y-o-y to QR0.035 from QR0.030.

Net capital expenditure decreased by QR6.2mn to QR13.8mn from QR19.9mn. There were no fair value gains on investment properties in either H1 2025 or H1 2024. Gearing reached 2.93% compared to 0.69% in H1 2024.

Sheikh Mohamed bin Faisal bin Qassim al-Thani, vice-chairman and managing director of Aamal, said Aamal’s first-half performance is a strong endorsement of the group’s strategic direction and the capable leadership across all its business units.

“The results reflect our ability to consistently deliver value, supported by a diversified business model, disciplined execution, and a clear focus on long-term growth. With a growing project pipeline, including a QR3bn order backlog and plans to expand regionally through a new infrastructure and construction services company in Saudi Arabia, Aamal is well placed to capitalise on emerging opportunities and to continue to deliver strong results for all stakeholders,” he added.

Aamal CEO Rashid bin Ali al-Mansoori said Aamal’s half-year results reflect the strength and resilience of its diversified business model, which continues to unlock opportunities across high-growth sectors.

He added: “Looking ahead, we have good reason to be optimistic about maintaining the momentum generated during the first six months of the year. This set of results highlights the benefits of Aamal’s value creation strategy and investments, both in the last six months and in 2024.

“Going forward, we are confident that these will continue to produce attractive opportunities for the group to continue unlocking new growth avenues while increasing Aamal’s positive value add across key sectors in Qatar and the GCC region in line with Qatar National Vision 2030, to the benefit of both our shareholders and wider stakeholder groups.”

Performance of Aamal’s industrial manufacturing sector continued to improve with a 3.2% increase in revenue and a 23.1% y-o-y increase in net profit. The trading and distribution sector recorded a largely flat performance, with total revenue marginally up by 1.0% and net profit down by 4.8% to QR53.6mn from QR56.3mn in H1 2024.

The property sector was able to achieve an excellent performance in H1 2025 with solid growth in both revenue and net profit. City Center Doha continued to see robust revenue growth with strong leasing and occupancy rates, as well as the addition of new tenants supported by the recent 4,000sq m expansion and strategic initiatives to enhance the attractiveness of the mall for both shoppers and retailers.

Aamal Real Estate recorded a negligible decline in revenue and net profit due to renovation work in the residential properties.

The managed services sector was successful in growing revenue volumes during the first half, but net profit remained flat due to lower GP contributions from certain business units.