Estithmar Holding Achieves 97% Year-on-Year Surge in Q1 2026 Net Profit to QAR 333 Million
Doha – Estithmar Holding Q.P.S.C. has reported a remarkable financial performance for the first quarter of 2026, achieving a net profit of QAR 333 million. This figure represents a substantial 97% increase compared to the same period last year, highlighting the effectiveness of the company’s operational model and its strategic expansion efforts.
Strong Revenue Growth
The company’s revenues reached QAR 1.455 billion, a rise from QAR 1.309 billion in Q1 2025. Gross profit also saw a significant increase, climbing to QAR 561 million from QAR 416 million, which translates to a year-on-year growth of 35%. Furthermore, EBITDA surged by 73% to QAR 473 million, while earnings per share rose by 90% to QAR 0.089.
These results reflect a comprehensive improvement across all major financial metrics, driven by a clear investment vision and the company’s adeptness in balancing geographic expansion, portfolio diversification, and operational efficiency. Previous international investments have begun to yield tangible benefits, contributing to revenue growth and enhanced profitability.
Digital Transformation and Operational Efficiency
The substantial increase in net profit is attributed to the company’s disciplined approach to operational efficiency and value creation. Prudent capital management and effective risk management practices have also played crucial roles. Digital transformation initiatives, particularly in automation and artificial intelligence, have significantly improved productivity, governance, and cost optimization.
Diverse Business Contributions
The financial results indicate a balanced contribution from various business groups, including healthcare, services, tourism and real estate development, and industries & specialized contracting. Each group has successfully executed its growth strategy within an integrated framework, showcasing the company’s overall strength.
Juan Leon, CEO of Estithmar Holding, emphasized the significance of these results, stating that they reflect the robustness of the company’s business model and its capacity for sustainable growth. He noted that the performance not only achieves record figures but also underscores the quality of investment decisions and disciplined execution across markets.
Leon highlighted that international expansion has become a core driver of growth, enhancing the company’s presence in high-potential markets while facilitating income diversification and risk mitigation. He reiterated the commitment to investing in digital transformation and advanced technologies to further enhance operational efficiency.
Launch of Estithmar Capital
In a strategic move, Estithmar Holding launched its new subsidiary, Estithmar Capital, during the first quarter of 2026. This marks the company’s fifth business platform, focusing on financial investment management, corporate governance enhancement, and the establishment of robust compliance and risk management frameworks. This initiative reinforces the company’s dedication to sustainable and responsible growth.
Sector-Specific Performance
The healthcare group has shown strong growth, driven by the performance of its international facilities, particularly in Iraq and Libya, which have emerged as key revenue contributors. This growth reflects increasing regional confidence in Apex Health, the company’s healthcare division.
The services group has solidified its leading position in the Qatari market, particularly in facilities management and catering solutions. Regional expansions into Saudi Arabia, Iraq, and Jordan have further bolstered profitability and opened new revenue streams.
In the tourism and real estate development sector, the group has maintained steady progress despite regional challenges. Key projects, including the Rixos Baghdad Hotel & Residences and the Rosewood Maldives Resort, continue to advance, alongside the successful performance of Al Maha Island and a fruitful season for Lusail Winter Wonderland.
The industries & specialized contracting segment has experienced exceptional profitability growth of 376% compared to Q1 2025. This surge is attributed to enhanced operational efficiency, effective cost optimization measures, and ongoing regional expansion, including new projects in Syria, Algeria, the Maldives, and Rwanda.
Appointment of External Auditor
Additionally, Estithmar Holding has appointed PricewaterhouseCoopers (PwC) as its external auditor effective early 2026. This decision follows approval from the Board of Directors and the General Assembly, marking a significant step in the company’s commitment to transparency and accountability.
For further details, visit the source: Zawya.
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Published on 2026-04-29 20:15:00 • By the Editorial Desk
