Nakilat profit slips 1.6% to 1.29 billion riyals in nine months
Nakilat posted 1.29 billion riyals in nine-month net profit, down 1.6% year-on-year.
· Last verified: 21 Oct 2026 (Qatar Stock Exchange (Nakilat disclosure))
Summary
- Nakilat posted 1.29 billion riyals in nine-month net profit, down 1.6% year-on-year.
- Earnings per share eased to 0.23 riyals from 0.24 riyals a year earlier.
- The world's largest LNG shipping owner is a core link in Qatar's gas export chain.
The latest
Nakilat's nine-month net profit fell to 1,292,488,000 Qatari riyals from 1,313,325,000 riyals a year earlier, according to a disclosure filed with the Qatar Stock Exchange on Tuesday, 20 October 2026. The statement covers the period ended 30 September 2026 and shows earnings per share of 0.23 riyals against 0.24 riyals in the comparable period.
Details
- The figure: Qatar Gas Transport Company Limited (Nakilat) reported net profit of 1,292,488,000 Qatari riyals for the nine months ended 30 September 2026, according to its Qatar Stock Exchange disclosure. That compares with 1,313,325,000 riyals in the same period of 2025, a gap of roughly 21 million riyals.
- The percentage: The disclosure itself did not publish a rate of change. The 1.6% decline is derived from the two profit figures the company reported, and represents a shallow year-on-year move rather than a sharp reversal in the shipping group's earnings.
- Per-share impact: Earnings per share eased to 0.23 Qatari riyals from 0.24 riyals in the corresponding period a year earlier, according to the same filing. The one-fils difference tracks closely with the headline profit decline.
- In dollar terms: At an exchange rate of 3.64 riyals to the dollar, the nine-month net profit equates to approximately 355 million dollars. Qatar's currency is pegged, which removes foreign-exchange swings as a driver of the year-on-year change.
- The reporting period: The statement covers the nine months to 30 September 2026, meaning the comparison captures three full quarters of operations rather than a single quarter's performance, and smooths out short-term volatility in individual shipping months.
- The filing: The results were published through the Qatar Stock Exchange disclosure platform on 20 October 2026, the mandatory channel for listed Qatari companies. The company did not attach guidance for the remainder of the year in the announcement.
- The company: Nakilat is Qatar's state-linked gas transport company and the owner of the world's largest fleet of liquefied natural gas carriers, placing it directly in the chain that moves Qatari LNG to buyers in Asia and Europe.
- Not disclosed: The filing did not break out revenue, fleet utilisation, joint-venture contributions or a cause for the lower profit, and it named no specific operational factor behind the year-on-year decline.
Background
Nakilat operates and part-owns a fleet of LNG carriers tied to Qatar's export programme, with earnings drawn from long-term charters as well as joint ventures and shipyard operations in Ras Laffan.
Between the lines
A 1.6% move on a nine-month base is marginal, and the per-share drop of a single fils points the same way. With no revenue breakdown or management commentary in the filing, the published figures alone do not identify what changed between the two periods, and the company offered no explanation of its own.
What's next
Watch for Nakilat's full-year 2026 results and any board statement on dividends, plus follow-up disclosures to the Qatar Stock Exchange that would break out revenue or fleet performance behind the nine-month profit figure.