Qatari German Company for Medical Devices (Q.P.S.C.) (QGMD) Earnings Call Transcript & Summary

Hello and welcome to Qatar German Medical Devices (sic) [ Qatari German for Medical Devices ]. 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, Gail. Hello, everyone. This is Roy Thomas from QNB Financial Services. I want to welcome everyone to Qatari German Medical Devices Company's First Quarter 2025 Financial Results Conference Call. On this call, from Qatari German Medical Devices Company, we have Amer Abu Shaikha, the Chief Executive Officer. We will conduct this conference call with Amer, first, reviewing the company's results; followed by Q&A. I will turn the call now over to Amer. Go ahead.

Hello, everybody. This is Amer Abu Shaikha speaking, the CEO of Qatari German medical -- for Medical Devices. I'm going to give you an update about our P&L figures for Q1 2025. We get, we got revenue of QAR 4.1 million during Q1, with operating costs of [ 880 ]. This is giving us a gross profit of QAR 238,000. Actually the gross margin -- or the gross profit is a little bit decreased this quarter due to increasing the revenue of the trading division more than the manufacturing. We have won actually different tenders for manufacturing, which will be reflected in Q2, so hopefully, the figures in Q2, our margin will be more -- higher. We have other income of QAR 644,000, with selling and distribution expenses, QAR 37,000. We have incurred G&A expenses QAR 1.1 million this quarter. And you can notice that, comparing with March 2024, our G&A expenses has been decreased with a higher percentage. We have depreciation and amortization [ 1.1 ]. Again it has been decreased, comparing with the last quarter. We got a net loss QAR 1.3 million. Adding to that the finance cost, QAR 196,000, and this is giving us a net loss for the period of QAR 1.5 million for the Q1 2025. We are aiming to improve our figures in Q2 and Q3. Hopefully, by end of Q3, we will be in a profit because there are different projects we are working on. One of them is the expansion outside of Qatar, in higher range of different countries, so hopefully, our figures will be looking much better in the coming 2 quarters. Well, this is the update from my side, for Q1. If there is any specific question, I'm ready to answer.

[Operator Instructions] As we see no hands being raised for any questions, I would like to turn the call back to our moderator for the closing remarks. Thank you.

If there are no questions, we would like to thank Amer Abu Shaikha for the results update. And we look forward to speaking to you all for the Second Quarter 2025 Results Conference Call. Thank you.

Thank you very much, Roy. Thank you, guys.

Thank you, all, ladies and gentlemen. That concludes today's call. You may now all disconnect. Have a nice day ahead, everyone.