Baladna reports net profit of 229% in H1 2025

QATQR – Baladna has reported a net profit of 229% compared to the same period last year, attributed to returns from strategic external investments implemented as part of the company’s plan for geographic and sectoral diversification of its investment portfolio.

Baladna reported a revenue of US$176.1 million (QAR 642.5 million), up 8 % YoY, EBITDA of US$121.76 million (QAR 444.2 million) with an increase of 127.5% YoY, and EBITDA margin rising to 69.1 % from 32.8% in H1 2024.

Net profit reached US$90.78 million (QAR 331.2 million), up 229% YoY, while net profit margin rose to 51.5% from 16.9% in H1 2024.

As operations at Baladna have maintained a stable growth momentum, the revenue increase is primarily driven by strong performance in evaporated milk and continued contribution from newly launched SKUs and broader distribution.

Gains on external investments and securities reflect Baladna’s disciplined approach to capital deployment and targeting opportunities that are capable of unlocking value through future growth or reliable dividend streams.

This strategy is fully aligned with the Group’s long-term strategy of international expansion aiming to increase production capacity and enhance its global presence in line with its strategic direction to position Baladna among the largest dairy producers in the world, in harmony with its slogan: “From Qatar to the World.”

The company sustained its momentum by enhancing product visibility, broadening its offering. It rolled out refreshed packaging across its portfolio, elevating shelf presence, strengthening brand appeal and reinforcing its consumer-centric focus.

It also accelerated product innovation by introducing 25 new SKUs across Greek yoghurt drinks, protein drinkables, laban, flavoured milk, juices and yoghurt, further enriching its portfolio and sharpening its competitive edge.

Evaporated milk production progressed as planned, supporting revenue growth and aligning with national efforts to boost food security through reliable local supply.

The Company remains firmly committed to scaling its operations, launching new products and widening distribution to ensure Baladna’s long-term growth and shareholders’ value.

Strengthening Leadership

In addition to reporting the H1 results, the company announced the appointment of Mr. Marek Warzywoda as Group Chief Executive Officer. Mr. Warzywoda brings over 20 years of global leadership experience at Lactalis, one of world’s largest dairy company, where he successfully led operations in Poland, Brazil, Croatia, South Africa, and most recently, Saudi Arabia.

Across these diverse markets, he has consistently delivered profitable growth, executed complex business turnarounds, and expanded category presence across both retail and food service channels.

His appointment marks a significant milestone for Baladna, as the company sharpens its focus on international expansion and long-term value creation. Mr. Warzywoda’s deep operational expertise and proven ability to scale businesses across geographies will be instrumental in steering Baladna’s global ambitions.

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