Aamal revenue up 6.8 percent to QR580.3m in Q1

Doha, Qatar: The Board of Directors of Aamal Company, one of the region s leading diversified companies, yesterday announced its financial results for...

Doha, Qatar: The Board of Directors of Aamal Company, one of the region’s leading diversified companies, yesterday announced its financial results for the first quarter ended March 31, 2025. The company reported total revenue of QR580.3m up by  by 6.8% (Q1 2024: QR 543.3m).

The gross profit was down1.3% to QR128.7m (Q1 2024: QR130.4m) and the net profit attributable to Aamal equity holders up 8.3% to QR101.8m (Q1 2024: QR94.0m). Meanwhile the reported earnings per share increased 8.3% to QR0.016 (Q1 2024: QR0.015). 

The net capital expenditure declined 35.7% to QR6.6m (Q1 2024: QR10.3m). The gearing decreased to 0.9% (Q1 2024: 1.2%).

Rashid bin Ali Al Mansoori, Chief Executive Officer of Aamal, commented: “I am pleased to reporta strong start to 2025 for Aamal with the Company achieving solid year-on-year revenue growth of 6.8% and an 8.3% rise in net profit. These results underscore the Company’s sustained strategic delivery as it continues to adapt to changing market conditions and pursues promising growth avenues across its diversified and well positioned portfolio. 

“The Trading and Distribution segment successfully carried its positive performance into 2025, with this being driven largely by strong organic growth at Ebn Sina Medical following the business module change. Aamal Trading was also successful in growing its market share and revenues on the back of sell out promotions and price increases on renewed service contacts.