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Estithmar Holding Q.P.S.C. announced its financial results for the nine months ended September 30, reporting a 5.9 percent increase in net profit to QAR 744 million from QAR 703 million in the year-earlier period. The company said EBITDA climbed 15.4 percent to QAR 1.248 billion from QAR 1.082 billion, with the margin widening to 28 percent from 22 percent as operational efficiencies took hold across its diversified portfolio. Revenue for the period reached QAR 4.526 billion, a 7.6 percent decline from QAR 4.900 billion, according to the statement issued on October 28.
The announcement showed that net profit margins rose to 16 percent from 14 percent while earnings per share edged up to QAR 0.165 from QAR 0.162 on a restated basis to account for bonus shares. Shareholders’ equity grew 16.3 percent to QAR 5.557 billion during the period even as total liabilities fell 2.5 percent, reinforcing the balance sheet. Cash and bank balances also increased to QAR 414 million from QAR 338 million a year earlier.
Tourism investments and real estate development delivered the strongest segmental performance, the company reported, with revenue surging 94 percent to QAR 294 million and net profit advancing to QAR 71 million from QAR 21 million. Progress at the Rixos Baghdad Hotel and Residences project, which will feature 497 hotel and residential units, contributed materially to the improvement. The segment forms part of Estithmar Holding’s broader push into international markets that now span 10 countries.
During the nine-month period the group invested QAR 1.374 billion through investing activities to advance its growth pipeline. The deployment included QAR 647 million at the Rosewood Maldives private-island resort, QAR 294 million at Rixos Baghdad, and QAR 190 million for the Algerian Qatari German Hospital. Additional outlays covered QAR 83 million across other projects and QAR 160 million in Shahba Bank, the statement detailed.
The results follow solid H1 2026 performance in which the company lifted net profit 21 percent to QAR 561 million and EBITDA 20 percent to QAR 880 million on revenue of QAR 3.159 billion, according to an earlier announcement on its website. Estithmar Holding has maintained alignment with Qatar Vision 2030 priorities in healthcare, infrastructure, tourism and financial services while expanding regionally. Its market capitalisation stood at approximately QAR 20 billion at the end of June when the share price had appreciated 31 percent year to date.
The company continues to execute on marquee developments that include luxury hospitality assets in the Maldives and integrated destinations in Iraq. These projects are expected to diversify revenue further and support long-term earnings visibility as international operations gain scale. The announcement underscored sustained focus on operational efficiency, portfolio optimisation and disciplined capital allocation across its five business platforms.
