Baladna reports profit of US$29.1 million in Q1 2026

QATAR – Baladna has reported a gross profit of US$29.1 million (QAR 106 million), a 22% increase, maintaining an upward trajectory throughout the first quarter of 2026.

This growth, alongside an EBITDA of US$32.7 million (QAR 119 million) and a net profit of US$16.9 million (QAR 61.5 million), is the direct result of a relentless focus on operational efficiency and disciplined cost management.

While the company continues to anchor Qatar’s national food security, these results also reflect significant milestones in its international expansion strategy.

The manufacturer introduced 16 new products during the quarter and is advancing international projects, including dairy operations in Algeria and Syria.

A key driver of this momentum is Baladna’s “fast-track” progression in global markets, notably through its dairy cattle airlift operations in Algeria and the advancement of manufacturing site designs in Syria.

The company entered an advisory agreement with the International Finance Corporation to support the recovery of Syria’s dairy sector, following Baladna’s board approval for a US$250 million integrated industrial project that includes a dairy plant, juice processing facility, plastic packaging unit, and advanced water treatment plant.

By engaging in upstream development and collaborating with the International Finance Corporation (IFC), Baladna ensures its international ventures meet world-class standards for sustainability and industrial excellence.

The company Baladna reported full-year revenue of USD 348 million (QAR 1.27 billion), up 11% year on year, driven by higher volumes across key channels, with HoReCa contributing significantly and recording a 30% growth in 2025.

Profitability improved materially during the year. EBITDA rose to USD 211.2 million (QAR 770.1 million), with a margin of 60.7%, while net profit reached QAR 538.8 million, with a margin of 42.6%.

Performance mainly reflected returns from the Strategically Diversified Investment Portfolio, implemented as part of the Company’s plan for geographic and sectoral diversification, alongside the increasing contribution from international investments and overseas operations. Earnings per share increased to QAR 0.252, compared to QAR 0.086 in 2024.

Additionally, in the fourth quarter, revenue increased to US$89.6 million (QAR 326.5 million), compared to US$78.5 million (QAR 286.2 million) in the same period last year.

The improvement was driven primarily by higher revenue contribution from the evaporated milk segment, supported by seasonal demand, increased visitor activity during the FIFA Arab Cup Qatar 2025 held in December.

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