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Techno Q has reported net profit of QR9.8mn on revenues of QR103mn in the first half (H1) of 2025.The majority of the revenue (70.27%) was generated by the company’s core activities relating to the audiovisual systems, hospitality solutions, business solutions and lighting systems.The subsidiary, Techno Q Security Systems accounted for 29.38% of the revenue, primarily from ELV (extra low voltage) and security systems services. A minor contribution came from operations in Saudi Arabia.The H1-2025 performance translated into a gross profit of QR33.6mn."Our H1 performance reflects disciplined execution, margin expansion, and a stronger balance sheet... With a healthy secured backlog and a robust pipeline of Qatar-hosted events, we are confident in our ability to capture additional opportunities across ICT (information, communication and technology), security systems, hospitality solutions, and systems integration," said Zeyad al-Jaidah, co-founder and managing director of Techno Q.However, net earnings declined from QR12.9mn in H1-2024, resulting in a net margin to ease to 9.5% in H1-2025 against 11.7% the year-ago period.Techno Q continues to be in a strong financial position with its total equity at QR120.8mn.The company significantly reduced its bank financing by 60.33% year-on-year to QR0.4mn in H1-2025.The group strengthened its liquidity with cash rising from QR56.1mn in H1-2024 to QR73.4mn in H1-2025, while borrowings decreased from QR1.1mn to QR0.4mn and despite 2024 dividend payments of QR12mn.As a result, total net cash improved from QR43.2mn in H1- 2024 to QR61mn in H1-2025, reflecting enhanced financial flexibility and lower leverage.

Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while US-Iran talks to resolve the Middle East conflict stalled. Five commodity vessels transited the strait on Saturday, with none registered for Sunday, shiptracking data from Kpler showed, versus 31 in the prior weekend. Ships entering the strait on Saturday included an empty Very Large Crude Carrier with its Automatic Identification System switched off and an Indian-flagged Very Large Gas Carrier that used the Iranian route, Kpler data showed. A small tanker laden with Iranian fuel oil exited, it showed. Shipping appeared to grind to a near standstill after the United Arab Emirates said three vessels operated by the Abu Dhabi National Oil Company were attacked in transit last week. The US said it could maintain a naval blockade of Iran indefinitely. Some ships may pass through undetected with transponders off, but the figures are far from the more than 130 ships a day that traversed the Strait of Hormuz before the war launched by the US and Israel on Iran in February. Washington must meet Iran's conditions regarding the strait in order for shipping to resume, Foreign Minister Abbas Araqchi said in an interview with local media on Saturday. The waterway handled a fifth of the world's shipments of crude oil and liquefied natural gas before the war. At the Bab el-Mandeb strait, where Yemeni Houthis declared a naval blockade on Saudi Arabia on July 20, Kpler data showed 49 weekend transits by commodity vessels, down from 55 in the prior week. There were no tracked Saudi oil shipments.