Mannai Corporation reported a net profit of QR156 million for the first nine months of 2026, marking a 54% increase compared to QR101 million during the same period last year. Earnings per share rose in parallel, reaching QR0.34 from QR0.22. The company’s consolidated revenue climbed 16%, from QR3.4 billion to QR4.03 billion.

Gross profit also improved, standing at QR654 million, up 16% from QR565 million in the prior year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 11% to QR352 million, while earnings before interest and taxes (EBIT) rose 16% to QR268 million. Net profit before tax showed a significant gain of 71%, reaching QR173 million compared to QR101 million in the previous year.

The overall revenue growth was primarily driven by strong performances in the information and communications technology (ICT) and automotive segments. The ICT Group expanded its operations, supported by a robust order book and effective business execution. Meanwhile, the Automotive Division saw considerable volume growth and increased revenue, largely due to the successful expansion of the BYD franchise.

Management attributed the improved profitability not only to higher gross profit in line with revenue increases but also to lower financing costs, which further bolstered earnings. The solid results from both the ICT and Automotive divisions have reinforced the group’s confidence in maintaining positive momentum through the remainder of 2026.