Mannai Corporation Reports 54% Increase In Net Profit To Qr156m
Doha, Qatar: Mannai Corporation (Qatar Exchange: MCCS) yesterday announced its financial results for the nine-month period ended 30 September 2026, delivering strong growth in revenue, profitability and earnings per share.
During the period, the company's revenue increased by 16% to QR4.03bn, compared to QR3.4bn in the corresponding period of the previous year. The gross profit also rose by 16%, reaching QR654m, up from QR565m. EBITDA increased by 11% to QR352m, compared to QR318m, while EBIT grew by 16% to QR268m, up from QR231m.
Meanwhile net profit before tax increased by 71% to QR173m, compared to QR101m in the corresponding period of the previous year. The net profit after tax also increased by 54%, reaching QR156m, up from QR101m. Earnings per share rose by 54% to QR0.34, compared to QR0.22 in the same period last year.
The 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.
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