GULF Warehousing Company (GWC Group) reported a 37 percent increase in net profit to QR32.3 million in the third quarter of 2026, driven by strong performance in contract logistics and real estate, as well as ongoing regional expansion. The quarterly net profit also rose 13 percent compared with the second quarter of the year, while gross revenue reached QR397.8 million.
For the first nine months of 2026, GWC’s earnings per share stood at QR0.161, up from QR0.140 during the same period in 2025. Net profit for the nine-month period increased 15 percent year-on-year, underscoring continued overall growth.
The results were announced following a Board of Directors meeting chaired by Sheikh Mohammed bin Hamad bin Jassim bin Jaber Al Thani. Contract logistics and real estate divisions were key contributors, with net profit gains of 24 percent and 22 percent respectively year-to-date compared with 2025.
During the quarter, GWC focused on optimizing its cost structure and deploying existing infrastructure and transportation capacity across alternative routes to better meet customer operational requirements. The company also allocated resources to high-return business opportunities.
Sheikh Mohammed attributed the strong results to the company’s resilience and disciplined management approach, highlighting that the double-digit net profit growth reflected the benefits of diversifying its logistics services. He emphasized that GWC’s investments enhanced client businesses by enabling more robust supply chains critical to economic activity.
GWC Group Managing Director Sheikh Abdulla bin Fahad bin Jassim bin Jaber Al Thani noted that the growth was supported by rising market demand and increased customer confidence. He added that the company aims to continue anticipating customer needs and developing tailored solutions to facilitate trade flows across the Gulf Cooperation Council (GCC) and beyond.
International expansion remains a central strategic focus for GWC. In Saudi Arabia, the company is developing multimodal routes, including an air-land corridor linking Europe with the GCC. In the United Arab Emirates, it is augmenting its energy logistics services and expanding rapid delivery options through its quick-commerce network. In Oman, new contracts in industrial, retail, food, and automotive sectors are driving growth in warehousing, freight, and distribution.
GWC is also advancing its technological capabilities by developing artificial intelligence-enabled digital platforms designed to enhance operational connectivity, improve shipment visibility, and increase service accessibility for customers.
Chief Executive Officer Matthew Kearns highlighted that international revenue had doubled year-on-year, reflecting the company’s success in integrating its regional capabilities and growing beyond Qatar. He stated that GWC’s robust physical infrastructure, regional network, and skilled workforce provide a strong foundation for further growth, while investments in AI-driven digital systems are expected to boost operational efficiency and customer experience.