QAR 333 Million Net Profit Achieved
Estithmar Holding Q.P.S.C. has reported a significant 97% year-on-year increase in net profit, reaching QAR 333 million for the first quarter of 2026. This remarkable performance underscores the effectiveness of the company's operating model and its successful expansion strategy.
With revenues climbing to QAR 1.455 billion, up from QAR 1.309 billion in the first quarter of 2025, Estithmar Holding has demonstrated substantial growth in its financial performance. The company's ability to enhance profitability is evident in its gross profit, which rose by 35% to QAR 561 million.
The EBITDA also showed robust growth, increasing by 73% to reach QAR 473 million. Earnings per share benefited from these positive developments, rising by 90% to QAR 0.089. These results highlight comprehensive growth across key financial indicators, driven by clear investment vision and strategic execution.
International Expansion and Digital Initiatives
Estithmar Holding's strategic focus on international expansion and operational efficiency has been pivotal. Recent international investments have started to deliver tangible results, contributing significantly to revenue growth and enhanced profitability. The strong growth in net profit is attributed to the company’s disciplined approach to operational efficiency and value creation.
In parallel, digital transformation initiatives, particularly in automation and artificial intelligence, have been crucial in boosting productivity, optimizing costs, and strengthening governance. These technological advancements are core to the company's strategy, ensuring that operations remain efficient and competitive.
Juan Leon, CEO of Estithmar Holding, stated, "The Q1 results reflect the strength of our business model and our ability to deliver accelerated and sustainable growth simultaneously. This performance goes beyond achieving record figures; it demonstrates the quality of our investment decisions and disciplined execution across markets and sectors."
The company has achieved balanced contributions from its diverse business groups: healthcare, services, tourism, real estate development, and industries & specialised contracting. Each group has successfully executed its growth strategy within an integrated strategic framework, showcasing the synergy across Estithmar Holding's operations.
Looking forward, Estithmar Holding aims to continue leveraging its strengths in international expansion and digital transformation to sustain its upward momentum. The company's clear investment vision and prudent capital management are expected to drive future growth and shareholder value.
Last updated: 30 April 2026, 6:49 am
