Consolidated revenue rises 16% to QR 4.03 billion for the nine-month period ended 30 September 2026
Mannai Corporation QPSC (Qatar Exchange: MCCS) announced its financial results for the nine-month period ended 30 September 2026, delivering strong growth in revenue, profitability and earnings per share.
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FINANCIAL HIGHLIGHTS • Revenue: QR 4.03 billion (increased 16% from QR 3.4 billion) • Gross profit: QR 654 million (increased 16% from QR 565 million) • EBITDA: QR 352 million (increased 11% from QR 318 million) • EBIT: QR 268 million (increased 16% from QR 231 million) • Net profit before tax: QR 173 million (increased by 71% from QR 101 million) • Net profit after tax: QR 156 million (increased 54% from QR 101 million) • Earnings per share: QR 0.34 (increased 54% up from QR 0.22) |
BUSINESS PERFORMANCE
Group revenue growth was primarily driven by the ICT and Automotive segments. Gross profit increased in line with revenue, while lower financing costs further supported the Group’s earnings growth.
The ICT Group continued to expand through a strong order book and solid business execution. The Automotive Division benefited from the successful expansion of the BYD franchise, which contributed significantly to volume growth and revenue generation during the period.
Strong performances from the ICT Group and the Automotive Division were key contributors to the Group’s year-to-date Q3 2026 results and reinforced confidence in the way ahead.
Mannai Corporation QPSC | Qatar Exchange: MCCS
