{"url":"https://newsforagent.com/news/2026-10-20/nakilat-nine-month-net-profit","markdown_url":"https://newsforagent.com/news/2026-10-20/nakilat-nine-month-net-profit.md","title":"Nakilat posts QR1.29bn nine-month net profit","headline":"Nakilat reports QR1.29bn nine-month net profit as it names first LPG/ammonia carrier","description":"Nakilat reported a nine-month net profit of QR1.29bn, down from QR1.31bn a year earlier, and named its first 88,000 cubic metre LPG/ammonia carrier.","section":"Earnings & Results","published_at":"2026-10-20T19:35:16+00:00","modified_at":"2026-10-20T19:35:16+00:00","author":"News Desk","key_takeaways":["Nakilat reported a nine-month net profit of QR1.29bn, compared with QR1.31bn in the same period of 2025.","Nakilat named its first newbuild 88,000 cubic metre LPG/ammonia carrier and has a 40-vessel orderbook under construction in the Republic of Korea and China.","Nakilat will host a conference call on October 21 at 1.30pm Doha Time to discuss its third-quarter 2026 results."],"companies":[{"name":"Nakilat","is_primary":true,"profile_url":null,"website":"http://www.nakilat.com.qa"}],"source":{"publisher":"Gulf Times","title":"Nakilat posts nine-month net profit of QR1.29bn","url":"https://www.gulf-times.com/article/736249/business/nakilat-posts-nine-month-net-profit-of-qr129bn"},"other_sources":[{"publisher":"EIN Presswire","url":"https://www.einnews.com/article/950986965/live"}],"tags":["Earnings & Results","Nakilat"],"body_markdown":"Qatar Gas Transport Company (Nakilat) reported a net profit of QR1.29bn for the nine months to September 2026, down from QR1.31bn in the same period of 2025, [Gulf Times](https://www.gulf-times.com/article/736249/business/nakilat-posts-nine-month-net-profit-of-qr129bn) reported. The company, which transports Qatari energy exports by sea, also named its first newbuild 88,000 cubic metre LPG/ammonia carrier.\n\n## Nakilat's Nine-Month Profit and Fleet Milestones\n\nNakilat CEO Abdullah al-Sulaiti said, \"The ongoing regional situation continued to affect activities within our Marine Services segment, including ship repair, shipping agency and towage services. Despite these operating conditions, Nakilat continued to fulfil its strategic role in supporting Qatar's energy transportation sector and meeting the needs of its customers.\"\n\nAl-Sulaiti said cost-control initiatives were implemented while the stability of core activities was maintained and operational reliability across the fleet was ensured. He said the company remains committed to serving its customers under all circumstances.\n\nNakilat's newbuilding programme comprises a total orderbook of 40 vessels under construction at shipyards in the Republic of Korea and China. Several major construction milestones were completed during the period, with deliveries under the first phase progressing in line with the planned schedule from 2026.\n\n[EIN Presswire](https://www.einnews.com/article/950986965/live) put the nine-month net profit at QAR1.29 billion, or $347 million, against QAR1.31 billion, or $352 million, a year earlier, a 1.5% decline. It also noted the naming of the 88,000 cubic metre LPG/ammonia carrier and the 40-vessel newbuilding programme.\n\nQatar Fabrication Company (QFAB) and Qatar Shipyard Technology Solutions continued to implement specialised industrial and marine projects intended to strengthen national capabilities and develop the local supply chain for the energy sector, Nakilat said.\n\n## Nakilat's Earlier Fleet and Earnings Reports\n\nNakilat named its LPG/ammonia carrier 'Energy North' at the HD Hyundai Samho shipyard in South Korea in September 2026, Qatar Tribune reported. The vessel, with an 88,000 cubic metre capacity, was set to enter service on October 2, 2026, as part of a programme to build six new vessels.\n\nNakilat reported a net income of 857.0 million riyals for the first half of 2026, a 0.3% decrease year over year, AInvest reported in July 2026.\n\nNakilat said its LNG carrier 'Al Rekayyat' was struck by a projectile while sailing through the Strait of Hormuz, Qatar Tribune reported in July 2026. The company said the crew was safe.\n\n## Nakilat's October 21 Conference Call\n\nNakilat will host a conference call on October 21, 2026 at 1.30pm Doha Time to discuss its third-quarter 2026 financial results. The conference presentation will be published on the company's website before the call.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}