QR958 Million: Milaha Nine-Month Profit Falls From QR1.058 Billion

Summary

• Milaha reported QR958.049 million net profit for the nine months ending 30 September 2026.
• The comparable 2025 figure was QR1.058 billion, filed with Qatar Stock Exchange.
• Earnings per share slipped to QR0.84 from QR0.93, a direct shareholder signal.

The latest

Qatar Navigation (Milaha) booked a net profit of QR958.049 million for the nine months ended 30 September 2026, down from QR1.057.86 billion in the same period of 2025. Earnings per share came in at QR0.84 against QR0.93 a year earlier. The listed company published the figures through Qatar Stock Exchange on 26 October 2026 under disclosure number 47248.

Details

• The headline number: Net profit for the nine-month period reached QR958,049,000, according to the disclosure filed with Qatar Stock Exchange. The company presented the figure both in full digits and as QR958.049 million, the standard dual format used in its exchange filings for the reporting period ended 30 September 2026.
• The comparison: The same nine-month window in 2025 produced a net profit of QR1,057,860,000, or QR1.058 billion. The 2026 result therefore sits roughly QR99.8 million below the prior-year figure, based on the two numbers published in the filing itself.
• Per-share impact: Earnings per share fell to QR0.84 for the period from QR0.93 in the corresponding period of 2025, a decline of QR0.09 per share. For holders of the listed stock this is the most immediate readout of the results, independent of the absolute profit line.
• The filing: The disclosure was published on the Qatar Stock Exchange website on 26 October 2026 and carries disclosure number 47248. Qatar Navigation is a Qatari public shareholding company trading on the exchange, and files its periodic results through this channel.
• What the company did not say: The disclosure sets out the profit and per-share figures without attaching any explanation for the year-on-year decline. No commentary on business segments, operating costs or revenue drivers accompanies the numbers in the filing.
• Period covered: The results cover the nine months ending 30 September 2026, a cumulative reporting window rather than a single quarter. The comparative is the matching nine-month span of 2025, which is how the company framed both figures in the announcement.
• Guidance absent: The filing contains no forward-looking statement, no full-year outlook and no dividend indication. Nor does it reference any board meeting, future announcement date or follow-up disclosure tied to these results.

Background

Qatar Navigation, known as Milaha, is a Qatari public shareholding company listed on Qatar Stock Exchange and reports its financial results periodically through the exchange's disclosure platform, where filings carry sequential identification numbers.

Between the lines

Two signals in the filing move in the same direction: absolute net profit is down roughly QR99.8 million year-on-year, and earnings per share is down QR0.09. Because the disclosure offers no segment breakdown and no management commentary, the published numbers themselves are the only basis available for reading the period, and any explanation of the gap remains outside what the company has stated.

What's next

The next trackable signal is Milaha's full-year 2026 results filing on Qatar Stock Exchange, along with any accompanying board statement on dividends or outlook, neither of which has been scheduled in the current disclosure.

Source: Qatar Stock Exchange