Nakilat achieved a net profit of QR439mn in the first quarter (Q1) compared to QR433mn the previous year.
"Despite the geopolitical challenges faced by Nakilat during Q1 2026, the company was able to maintain its operational performance and take immediate and effective measures to rationalise expenses and reduce negative impact across its various business sectors, especially in dry dock facilities, agency services, and towing services, which witnessed a noticeable decline in their operating rates," said Nakilat chief executive officer Abdullah al-Sulaiti.
The company also continued to work around the clock to ensure high levels of reliability for its fleet, establish a culture of safety, and focus on providing services to customers at all times and under all conditions, he said.
Nakilat incurred total expenses of QR766mn in the first three months of this year.
The company’s fleet size stood at 72, including 69 liquefied natural gas carriers, two liquefied petroleum gases carriers and one FSRU (floating storage and regasification unit) at the end of three month ended March 2026.
