Alijarah Holding (Q.P.S.C.) (NLCS) Earnings Call Transcript & Summary

Hello, and welcome to the National Leasing Company Conference Call. Please note that this call is being recorded. [Operator Instructions] Thank you. I'd like to hand over the call to our moderator, Roy Thomas. Please go ahead.

Thanks, Claire. Hello, everyone. This is Roy Thomas from JB Financial Services. I want to welcome everyone to National Leasing Company, Alijarah Holding's First Quarter 2025 Financial Results Conference Call. On this call from Alijarah Holding, we have Rajasekaran Dushyendrar, Finance Manager; Mohamad Sleiman, the Account Supervisor. We will conduct this conference call with management first reviewing the company's results followed by Q&A. I will turn the call now over to Rajasekaran. Go ahead.

Good afternoon, everyone. Thank you for joining Alijarah Holding IR conference call. I'm Rajasekaran, Finance Manager at Alijarah Holding. I'm pleased to be joined by Mohamad Sleiman, our Account Supervisor, who will walk you through our performance and financial highlights. Following his presentation, we will open the floor for questions.

Thank you, Raj. Good afternoon, everyone. Let me walk you through our financial performance for the quarter ended 31st March 2025, starting with a summary of the overall results. During quarter 1 2025, our total revenue and income amounted to QAR 18.58 million. We closed the quarter with a net profit of QAR 5.15 million and earnings per share for the quarter stood at QAR 0.01 per share. Comparing to the same quarter from last year, the total revenue increased from QAR 14.89 million in quarter 1 2024 to QAR 18.58 million in quarter 1 '25. Our total expenses for quarter 1 2025 amounted to QAR 12.28 million compared to QAR 9.68 million in quarter 1 '24. This resulted in a net operating income of QAR 6.3 million in quarter 1 '25 compared to QAR 5.22 million in quarter 1 '24, reflecting an increase of 20.89%. Finance costs increased to QAR 1.15 million, up from QAR 0.45 million in quarter 1 '24. That was mainly due to support our ongoing investment activities. Profit for the period stood at QAR 5.15 million compared to QAR 4.77 million in quarter 1 '24, representing an increase of 8.02%. Our earnings per share for the period were QAR 0.01 per share. Turning to our financial position. We ended the quarter with a total asset of QAR 795.88 million compared to QAR 810.43 million of December 2024. As for our liabilities, they stood at QAR 156.53 million at the end of quarter 1 '25 compared to QAR 164.16 million as of December '24. Our total equity decreased by 1.07%, reaching QAR 639.35 million compared to QAR 646.27 million in December '24. Lastly, in terms of cash flow, we used QAR 9.62 million in operating activities, QAR 10.83 million in investing activities and QAR 17.32 million in financing activities. We ended the quarter with cash and cash equivalent of QAR 16.74 million compared to QAR 39.47 million in the same period last year. This is the performance of Alijarah for quarter 1 2025. We will open now the floor for questions. Please feel free to let us know, and then we will be happy to answer. Thank you.

[Operator Instructions] And there are no questions at this time. I would like to turn the call back over to Roy Thomas for closing remarks.

If there are no questions, we'd like to thank Alijarah Holding management for the results update, and we look forward to speaking to you all for the second quarter 2025 results conference call. Thank you.

Okay. Thank you. Thank you all.

Thank you all for your time and participation today.

This concludes today's conference call. Thank you all for joining. You may now disconnect.