Doha, Qatar: Qatar Fuel Company (Woqod) announced that its Board of Directors chaired by Ahmed Saif Al-Sulaiti approved the financial results and key performance and operational indicators of Woqod Group for the nine-months period ended on 30th September 2025 compared to the financial and operational results for the same period of 2024. The Board also approved the Group Capital and Operational Budget for the year 2026.
WOQOD Group’s consolidated net profit (attributable to the shareholders of Woqod) for the period ended 30 September 2025 amounted to QR751.6m, compared to an amount of QR771.3m achieved for the same period of 2024, showing decrease of QR19.7m, representing an decrease rate of 2.6%. The earnings per share for the period amounted to QR0.76 compared to QR0.78 for the same period last year. The slight decrease in net profit and earnings per share was mainly attributable to lower income from non-fuel business and other income driven by prevailing market conditions.
Saad Rashid Al-Muhannadi, Managing Director and CEO, pointed out that the company during the same period signed construction contracts for three stations located in the Al Wukair, Muaither-Al Wulair, and Al-Sakhama areas. Furthermore, two stations are currently in the design phase, while some other stations are in the land allocation process, stressing that WOQOD’s plan in stations construction is a dynamic plan whereupon the stations are built on as and when required basis i.e.as per the current and future requirements to build/avail a petrol station. He explained that the company has completed installation of 25 Electrical Vehicle Chargers EVC in 19 petrol stations in cooperation with Kahramaa. He also explained that the company has embarked on initiatives to increase the income from non-petroleum products segments.
