Nakilat, which has 72 vessels in its fast-growing fleet, Tuesday reported net profit of QR860mn in the first half (H1) of 2025, showing an increase of 3.7% on annualised basis and underlining its operational resilience and strategic discipline.
The board of directors has approved an interim cash dividend of 7.2 Qatari riyals per share for H1-2025.
“Nakilat’s strong performance in H1-2025 reflects the dedication of our team and the flexibility we adopt in maintaining and sustaining our operations. We remain committed to delivering value to our shareholders, partners, and the global energy market through safe, efficient, and sustainable transportation of LNG (liquefied natural gas). Nakilat remains focused on long-term growth and supporting the evolving global market and business environment," said Abdullah al-Sulaiti, Nakilat’s chief executive officer.
Indicating the financial discipline, the company's incurred total expenses amounted to QR1.4bn in the review period, reflecting a decrease of 4.5% year-on-year.
Beyond maintaining resilient vessel operations, Nakilat is actively pursuing an innovative financing strategy to further strengthen its financial position, he said, adding this includes exploring creative structures and cost-effective solutions to reduce overall funding costs.
"These initiatives enhance our financial flexibility and resilience, positioning us to deliver greater long-term value. By reinforcing the stability of our cash flows, we reaffirm our commitment to generating sustainable, growing returns for our shareholders, a commitment clearly reflected in our latest financial results," he said.
At present, Nakilat's fleet consist 69 LNG carriers, two LPG carriers and one FSRU or floating storage and regasification unit.
This year, Nakilat made substantial progress across its operations and strategic growth initiatives, celebrating significant milestone with the steel cutting ceremony to mark the commencement of construction of 25 LNG vessels at various shipyards in South Korea.
The vessels are part of QatarEnergy’s historic LNG fleet expansion project, which caters for future LNG fleet requirements for its LNG expansion projects. Owned by Nakilat, and built with a capacity of 174,000 cubic meters, the new vessels will be chartered to QatarEnergy affiliates under long-term agreements.
The company has also commenced the construction of six new vessels at the Hyundai Samho Heavy Industries shipyard in South Korea, including two LNG vessels and four LPG or liquefied petroleum gas/ammonia vessels. These vessels will be fully owned by Nakilat.
