Baladna reports strong Q1 2025 with 6% revenue growth, 21% profit surge

QATAR – Baladna, Qatar’s leading dairy and juice company, announced robust financial results for the first quarter of 2025, showcasing a 6% increase in revenue and a 21% rise in net profit for the period ending March 31, 2025. 

According to the company, this performance underscores its strategic focus on operational efficiency and market expansion, reinforcing its role in Qatar’s food security initiatives.

The company reported revenue of US$86.3 million for Q1 2025, up from US$81.4 million in the same period last year, driven by strong sales across retail and HORECA channels. 

Net profit reached US$13.2 million, compared to US$10.9 million in Q1 2024, reflecting improved margins and cost controls. 

Baladna’s Chief Financial Officer, Saifullah Khan, highlighted the achievement, stating, “Our focus on innovation and efficiency has delivered another quarter of solid growth, positioning us well for sustained success.” 

The company attributed the gains to new product launches, including high-protein milk and expanded Greek yogurt offerings, alongside successful marketing campaigns that boosted market share.

Baladna’s international ventures also contributed to its strong performance. The company made significant progress on its US$3.5 billion dairy project in Algeria, with the incorporation of Baladna Algeria in January 2025. 

This initiative, in partnership with the Algerian National Investment Fund, aims to produce 1.7 billion liters of milk annually, meeting 50% of Algeria’s powdered milk demand. 

Additionally, a memorandum of understanding signed in September 2024 with the Algerian Ministry of Industry explores infant milk production, further expanding Baladna’s regional footprint. 

In Egypt, Baladna’s 15% stake in Juhayna Food Industries continues to yield dividends, strengthening its financial position.

Domestically, Baladna secured a US$27.5 million government contract in November 2024 to supply evaporated milk in 2025, produced at its state-of-the-art facility. 

This contract supports Qatar’s goal of reducing import reliance. 

“We are proud to contribute to Qatar’s self-sufficiency while delivering value to our shareholders,” said Malcolm Jordan, Baladna’s CEO. 

The company also achieved a perfect quality record in 2024, earning the FSSC 22000 version 6 certification for food safety.

Baladna’s focus on product innovation included relaunched juice flavors and revitalized Awafi products under the “Every Day Value, Every Day Quality” proposition. 

With a 60% share of Qatar’s dairy market, Baladna remains committed to sustainable growth, leveraging operational excellence and strategic investments to drive future profitability.

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