Estithmar Holding Reports 97% Surge YoY in Q1 2026 in Net Profit to QAR 333 Mn

DOHA, Qatar--(BUSINESS WIRE)--Apr 29, 2026--

Estithmar Holding Q.P.S.C. announced its financial results for the first quarter of 2026, reporting a net profit of QAR 333 million, marking a significant 97% increase compared to the same period last year. The results underscore the strength of the Company’s operating model and the successful execution of its expansion strategy.

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The company recorded revenues of QAR 1.455 billion, up from QAR 1.309 billion in Q1 2025. Gross profit rose to QAR 561 million compared to QAR 416 million, representing a year-on-year increase of 35%. EBITDA grew by 73% to reach QAR 473 million, while earnings per share increased by 90% to QAR 0.089.

These results reflect comprehensive growth across all key financial indicators, supported by a clear investment vision and the Company’s ability to balance geographic expansion, portfolio diversification, and operational efficiency. International investments announced in previous periods have begun to deliver tangible impact, contributing to revenue growth, enhanced profitability, and asset base expansion.

The strong growth in net profit is attributed to the Company’s disciplined approach to operational efficiency and value creation, alongside prudent capital management and effective risk management practices. In parallel, digital transformation initiatives, particularly in automation and artificial intelligence, have played a key role in improving productivity, strengthening governance, and optimizing costs.

The results also highlight a balanced contribution across the Company’s business Groups; healthcare, services, tourism and real estate development, and industries & specialized contracting, demonstrating each Group’s success in executing its growth strategy within an integrated strategic framework.

Commenting on the results, Juan Leon, CEO of Estithmar Holding, said:
“The Q1 results reflect the strength of our business model and our ability to deliver accelerated and sustainable growth simultaneously. This performance goes beyond achieving record figures, it demonstrates the quality of our investment decisions and disciplined execution across markets and sectors. The balance between revenue growth and improved profitability, supported by strong operational performance and healthy cash flows, highlights our efficiency and our ability to translate expansion into tangible shareholder value.”

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Source:AETOSWire

Estithmar Holding Reports 97% Surge YoY in Q1 2026 in Net Profit to QAR 333 Mn (Photo: AETOSWire)

BERLIN (AP) — A rescue team on Saturday released from a barge in the North Sea a humpback whale that had been stranded in shallow waters near Germany since March, witnesses said.

Nicknamed Timmy by German media, the whale was spotted swimming near Germany’s Baltic Sea coast on March 3, far from its natural habitat in the Atlantic Ocean.

The mammal’s health deteriorated as it became repeatedly stranded in shallow waters near the coastal city of Wismar, and unsuccessful efforts to coax it toward deeper seas were livestreamed across the globe.

The environment minister for Germany’s Mecklenburg-Western Pomerania state gave the green light for the attempt to save the whale, proposed by a private initiative, despite some warnings from the scientific community that it may be too much for the animal.

Jens Schwarck, a member of the private initiative who was on site, said the whale was released around 9 a.m. local time, according to the German news agency dpa. The agency reported that the whale was released 70 kilometers (about 45 miles) from the coast of Skagen, Denmark.

Drone footage showed a whale swimming and spouting water near the barge, though it was not immediately confirmed that the animal was indeed Timmy.

A debate emerged about whether to let the whale die in peace or try to assist its return to the Atlantic Ocean. Activists staged protests on the beach in Wismar calling for its liberation, while others have supported new ideas about how the whale could be transported.

Some scientists believe the whale had searched for shallow waters because it was weak and needed rest. The veterinarians of the private initiative, however, considered the animal fit for transport.

Before the release, a GPS transmitter was reportedly attached to track the whale’s future location, according to dpa.

The humpback whale recovered from a shallow bay off Wismar is being transported towards the North Sea in a flooded cargo ship just before the Danish border in Fehmarn, Germany, Wednesday, April 29, 2026. (Philip Dulian/dpa via AP)

The humpback whale recovered from a shallow bay off Wismar is being transported towards the North Sea in a flooded cargo ship just before the Danish border in Fehmarn, Germany, Wednesday, April 29, 2026. (Philip Dulian/dpa via AP)