Al Meera Consumer Goods Company Q.P.S.C. (MERS.QA) Earnings Call Transcript & Summary

Hello, and welcome to Al Meera. Please note that this call is being recorded. [Operator Instructions] I'd like to hand the call over now to our moderator, Tahan. Please go ahead.

Thank you, Gail, and hello, everybody. I want to welcome you to Al Meera's Second Quarter 2025 Financial Results Conference Call. So on this call from management, we have Razan Rauff, Finance Director; Indranil Goswami, Organization and Business Development Director; Quennie Trajano, Manager, Budgeting and Reporting; and Jaylene Vibar, Finance Manager. So as usual, we will conduct this call with first management reviewing the company's results followed by a Q&A session. I will turn the call over now to Jaylene. Please go ahead.

Thank you, Tahan. Welcome, everyone, to Al Meera's conference call for the second quarter of 2025. We will start with the overview of Al Meera's results for the period ended June 30, 2025, to be followed by updates on Al Meera's projects, then we will proceed to Q&A. The following are the financial highlights of the group results for the 6-month period ended June 30, 2025. Al Meera reported consolidated sales of QAR 1.5 billion, an increase of 2.2% compared to the same period in 2024. Gross profit amounted to QAR 306.4 million, an increase of 12.7% compared to the same period in 2024. Gross profit margin was at 20.3%. Rental income is at QAR 38.4 million compared to QAR 40.6 million for the same period in 2024. Other income is at QAR 14.1 million compared to QAR 28.6 million for the same period in 2024. Operating expenditures increased by 9.1% to QAR 197.6 million compared to QAR 181.1 million for the same period in 2024. Overall, Al Meera reported a net profit of QAR 82.1 million and earnings per share of QAR 0.40 for the sixth month period ended June 30, 2025. I will now give you an update on the group's operations. Al Meera's retail store expansions have progressed as planned in our -- and are now operational, starting Q2 2025. New Mansoura and new Thuamama branches were opened in Q2 2025. The corporate and e-commerce sales segments are also being expanded based on market demand. I will now open the floor to question-and-answer.

[Operator Instructions] All right. Since there are no questions being raised at the moment, I would like to turn the call back over to our moderator. Please go ahead.

Okay. If there are no questions, we can wrap up this call, and I would like to thank Al Meera's management for giving us an update on the second quarter, and we will pick this up again in the third quarter. Thank you.

Thank you. Thanks. Have a nice day. Bye.

Thank you, everyone. You may now disconnect. Have a nice day ahead.