Qatar Gas Transport Company (Nakilat) reported a consolidated net profit of QR857 million for the first half of 2026, maintaining stable financial performance despite regional challenges impacting parts of its operations. The company announced on Tuesday that the net profit for the six months ending June 30 stood slightly lower compared to QR860 million recorded in the same period last year.
Nakilat Chief Executive Officer Eng. Abdullah Al Sulaiti attributed the marginal decline primarily to difficulties faced by the company’s Marine Services segment, which experienced a notable reduction in ship repair, shipping agency, and towage activities amid the ongoing regional situation. “Our Marine Services segment was significantly affected, with declines in ship repair, shipping agency, and towage services,” Al Sulaiti said.
Despite these operational headwinds, Nakilat emphasized continued commitment to delivering reliable liquefied natural gas (LNG) shipping services. The company implemented rigorous cost-control measures to preserve operational stability and ensure high fleet reliability. “We remain steadfast in serving our customers under all circumstances while maintaining the stability of our core operations,” Al Sulaiti added.
During the first half of 2026, Nakilat advanced its long-term fleet expansion program, which includes an orderbook of 40 newbuild vessels under construction at leading shipyards in South Korea and China. Key milestones achieved encompassed steel-cutting, keel-laying, and vessel-launching for both conventional LNG carriers and LPG/ammonia carriers. The first deliveries from this new batch of vessels are anticipated later this year.
The company also gained international recognition during the reporting period, receiving the East Export Credit Deal of the Year award from Marine Money, a leading provider of shipping finance information. This accolade was awarded for the financing of 25 LNG carriers under Nakilat Conventional, marking a significant transaction that supports the company’s fleet growth strategy and its integral role in Qatar’s LNG supply chain.
Further underscoring its market position, Nakilat was named among Forbes Middle East’s 100 Most Valuable Companies for 2026, highlighting its prominence in the region’s maritime transportation and energy logistics sectors.
Nakilat maintained a focus on operational excellence, safety, and sustainability, aligning with Qatar’s expanding LNG industry by providing consistent and efficient shipping services. To engage investors and provide further insight into its financial results, the company will hold a conference call on Wednesday, July 22, 2026, at 1:30 p.m. Doha time. The investor presentation will be accessible on Nakilat’s website ahead of the call.