Estithmar Holding Net Profit Surges 122% to QAR 938 Million; Revenue Rises 54% to QAR 6.4 Billion for the Year Ended 31 December 2025

DOHA, Qatar--(BUSINESS WIRE)--Mar 10, 2026--

Estithmar Holding Q.P.S.C. has announced its financial results for the year ended 31 December 2025. The group reported a 54% increase in revenue to QAR 6.4 billion, compared with QAR 4.2 billion in 2024. Gross profit rose to QAR 2.1 billion, up from QAR 1 billion in 2024, representing growth of 111%. EBITDA reached QAR 1.5 billion, an increase of 102% year-on-year.

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Net profit climbed 122% compared with 2024, reaching QAR 938 million. Earnings per share increased by 145% to QAR 0.264.

The growth in net profit was primarily driven by higher revenues, particularly from the specialized contracting and healthcare sectors. The results reflect the group’s ability to convert operational growth into sustainable profitability while maintaining financial discipline.

Total assets increased by 23% in 2025 compared with the previous year, largely due to new projects added to Estithmar Holding’s portfolio, including Baghdad International Hospital in Iraq.

The Board of Directors has recommended the distribution of dividends equivalent to 20% of the company’s share capital, in the form of 2 bonus shares for every 10 shares held.

The 2025 results show a marked improvement across key financial indicators, supported by expansion in the group’s core sectors, improved project execution, and enhanced operational efficiency across its businesses. These results demonstrate Estithmar Holding’s ability to scale its operations while maintaining financial discipline and strengthening profitability.

Commenting on the results, Juan Leon, Holding Chief Executive Officer of Estithmar Holding, said: “2025 represents an important milestone in Estithmar Holding’s journey. Our strong financial performance reflects the successful execution of our growth and expansion strategy across the group’s sectors, as well as the considerable efforts of our teams across multiple markets.

“Achieving strong growth across all key financial indicators highlights the resilience of our diversified business model and our continued focus on operational excellence, maintaining financial discipline and governance. As we expand our footprint and strengthen our presence in regional markets, we remain committed to delivering sustainable value to shareholders while exploring new growth opportunities.”

“The group’s strong financial position allows us to move forward with upcoming strategic initiatives, while also evaluating potential opportunities in capital markets to support the next phase of the group’s expansion,” Leon added.

The specialized contracting group accounted for the largest share of revenue contribution in 2025. The sector delivered strong activity both locally and regionally, particularly in Saudi Arabia, Syria, Algeria and Iraq. During the year, the industrial and specialized contracting businesses continued to expand, executing major projects across 12 countries. These include large-scale developments such as the Red Sea projects in Saudi Arabia, infrastructure projects in Syria, and several major developments in Qatar, including educational facilities.

During the year, the group secured 262 new contracts, reflecting growing confidence in its companies as partners for the delivery of major projects.

Estithmar Holding’s healthcare group, through its subsidiary Apex Health, also continued to deliver sustainable growth, driven by the implementation of its regional hospital management and operations model, including in Iraq and Libya.

Within Qatar, the group’s hospitals, The View Hospital and the Korean Medical Center, continued to build patient trust through adherence to the highest international quality standards and by hosting leading global medical professionals. In 2025, The View Hospital performed more than 100 robotic surgeries.

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Source:AETOSWire

Estithmar Holding Net Profit Surges 122% to QAR 938 Million; Revenue Rises 54% to QAR 6.4 Billion for the Year Ended 31 December 2025 (Photo: AETOSWire)

SAN ANTONIO (AP) — Boston Celtics All-Star Jaylen Brown's frustration with officials boiled over during the first half of Tuesday's game against the San Antonio Spurs when he was ejected after receiving back-to-back technical fouls.

Brown did not speak to reporters after the game unlike Boston's first matchup with San Antonio when he was fined for criticizing the officiating crew.

The Celtics stood up for Brown on Tuesday after a 125-116 loss in a physical battle between the No. 2 teams in each conference.

“He definitely earned the first one and then I thought the second one was (expletive), honestly,” Boston guard Derrick White said. “I mean, it’s a passionate game, high-level game. You can’t throw out a guy that’s done so much for us all year in a game like this, especially joining in, like I wouldn't throw him out. I think that was ridiculous.”

Brown was upset after no foul was called when he lost the ball out of bounds with 3:42 remaining in the first half.

White and Jayson Tatum both believe Brown was pushed on the play and were confounded it led to an ejection, especially in a nationally broadcast marquee matchup.

“He definitely got pushed,” Tatum said “The first tech probably warranted, emotions are high, but second tech ...? You've got to understand, national TV game, two of the best teams in the league and you make a big deal about stars playing and then you're trigger happy, throw somebody out the game. So I disagree with it.”

Brown has voiced his displeasure with the officiating previously, which added to his exasperation and first ejection of the season.

Brown’s official X account shortly after he reached the locker room Tuesday expressed his frustration.

“This the (expletive) I be talking about,” Brown posted.

Brown had eight points and seven assists in 15 minutes when he was ejected.

It marked the second time Brown was agitated with a lack of calls against San Antonio.

The NBA fined Brown $35,000 on Jan. 12, a day after he criticized officials following a 100-95 loss to San Antonio.

“I feel like, honestly, they just got away with a lot, and I’m tired of the inconsistency,” Brown told reporters in Boston after that game.

The Celtics took just four free throws in that home loss to the Spurs.

Boston had 17 free throws on Tuesday while San Antonio had 25.

Brown's frustration showed early in the rematch.

Official Tyler Ford assessed the first technical after Brown continued to voice his displeasure at the no-call after he lost the ball out of bounds.

The technical incensed Brown, who had to be restrained by teammates from approaching Ford. Official Suyash Mehta assessed a second technical seconds later, resulting in an automatic ejection.

NBA Rule No. 12 requires an ejected player or coach to leave the playing area and bench immediately upon notification, but Brown remained after the ejection as he continued yelling at Ford. Players and staff, including Boston coach Joe Mazzulla, had to restrain Brown from approaching Ford. Brown threw his hands up in disgust before walking off the court.

Mazzulla said Brown had his full support, but he also did not want to speak about the officiating.

AP NBA: https://apnews.com/NBA

Boston Celtics guard Jaylen Brown (7) is restrained as he argues a call during the first half of an NBA basketball game against the San Antonio Spurs in San Antonio, Tuesday, March 10, 2026. (AP Photo/Eric Gay)

Boston Celtics guard Jaylen Brown (7) is restrained as he argues a call during the first half of an NBA basketball game against the San Antonio Spurs in San Antonio, Tuesday, March 10, 2026. (AP Photo/Eric Gay)

Boston Celtics guard Jaylen Brown (7) argues a call during the first half of an NBA basketball game against the San Antonio Spurs in San Antonio, Tuesday, March 10, 2026. (AP Photo/Eric Gay)

San Antonio Spurs guard De'aaron Fox (4) drives around Boston Celtics guard Jaylen Brown (7) during the first half of an NBA basketball game in San Antonio, Tuesday, March 10, 2026. (AP Photo/Eric Gay)