Qatari Investors Group Q.P.S.C. (QIGD.QA) Earnings Call Transcript & Summary

Hello, and welcome to Qatari Investors Group. Please note that this call is being recorded. [Operator Instructions] I'd like to hand over the call to our moderator, Shahan Keushgerian. Please go ahead.

Thank you. Hello, everyone. [Foreign Language] This is Shahan Keushgerian from QNB Financial Services. I would like to welcome everyone to Qatari Investors Group Second Quarter 2025 Financial Results Conference Call. On this call from management, we have Houssam El Kurdi, Chief Executive Officer; and Muhammad Shiraz, Group Financial Controller. We will conduct this conference call with the management's first reviewing the company's results followed by a Q&A session. I will turn the call now over to Houssam. Please go ahead.

Thank you. Hello, ladies and gentlemen. I will go over a review in English first, followed by the same review in Arabic. And then we will move on to questions and answers. Ladies and gentlemen, it's my pleasure to welcome you to the Qatari Investors Group, QIG IR call. My name is Houssam El Kurdi, Chief Executive Officer; and here with me is Mr. Muhammad Shiraz, the Group Financial Controller. We are pleased to present to you the half -- the first half year result of QIG Group for 2025. In this call, we will highlight the financial performance of the group and the progress achieved during the reported period. The group recorded a total revenue of QAR 297 million for the period, representing a 20% increase compared to the same period last year. This increase was primarily driven by an increase of cement exports under Industrial sector and increase in contracting activities on the Security sector. Other factors such as Marine Services are showing a decline in revenue as shipping volume has dropped in the country, and it should continue in the next quarter as well. Overall, there is a slowdown in the local Industrial sector, particularly due to the reduced activities in the construction market. On a positive note, we have seen a modest improvement in revenue from cement exports as we have commenced export operations. The group's net profit for the period amounted to QAR 71 million, a 1% increase as compared to the same period last year. EBITDA reached QAR 131 million for the period, 3% lower than last year. Finally, we focus our efforts to implement a strategy of diversification and investment to make more achievements that benefit the group and enable us to play an active role in supporting Qatari's economic vision. Thank you. And I will move to the Arabic text. [Foreign Language]

Okay, operator, we can open the floor for questions, please.

[Operator Instructions] Your first question comes from the line of [indiscernible] with Al Rayan Investment.

Just maybe a question on the Industrial segment. Could you just give us some color on what drove the performance in the first half? Maybe a bit more color on that? And also, how do you see the second half outlook?

Okay. Thank you very much for your question. So this Industrial sector, as we are saying that, it shows around 20% over the last year. So a major increase in the AKCC revenues, so which is driven by export activities. So this first 6-month period, we have export volume, which is the increase. And in the same pattern and the same way we are expecting to have in the second half of the year.

Okay. So we can assume same momentum for the second half?

[Foreign Language]