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Mannai Corporation reported a net profit of QR156 million for the nine months ended September 30, 2026, a 54 percent rise from QR101 million in the corresponding period last year, according to the company’s filing with the Qatar Stock Exchange. The group achieved consolidated revenue of QR4.03 billion during the period, reflecting a 16 percent increase over the QR3.4 billion posted previously. This latest disclosure highlights sustained demand in the group’s core operations following its earlier releases on half-year performance.
Gross profit for the nine months climbed 16 percent to QR654 million from QR565 million while EBITDA advanced 11 percent to QR352 million, the company reported in its financial statements. EBIT rose 16 percent to QR268 million and net profit before tax jumped 71 percent to QR173 million as financing expenses declined from year-earlier levels. The filing shows the improvements flowed through to earnings per share, which increased 54 percent to QR0.34.
Mannai Corporation attributed the revenue expansion primarily to its ICT and automotive segments, with the latter gaining from expanded distribution of BYD vehicles that drove higher sales volumes across the period. The ICT business maintained upward momentum on the back of a solid order pipeline and successful project deliveries, according to the company’s statement. Lower financing costs across the group provided an additional lift to profitability beyond the contribution from higher gross margins.
The nine-month results follow the 44 percent net profit increase to QR101 million that Mannai Corporation announced for the first half of 2026 on revenue of QR2.7 billion, the company reported in August. Full-year 2025 figures released by the group in February showed revenue climbing to QR5.18 billion while net profit rose 56 percent to QR267 million, establishing a platform for the continued gains recorded this year. The Qatar-based group has expanded its automotive offerings and technology services in line with broader market trends in the region.
Strong performances from the ICT group and automotive division remained central to the group’s results through the third quarter, Mannai Corporation said in the filing. The company indicated that these contributions, combined with disciplined cost management, have reinforced its positive outlook for the balance of the year. Operations in logistics, medical equipment and energy markets continue to complement the two leading segments and provide resilience to overall group performance.
