Investor Relations

Our ability to advance with confidence and agility in this changing landscape while executing one of the largest fleet expansion programs in our history reflects the strength of our strategy, the professionalism of our people, and our steadfast commitment to sustainable growth and operational excellence.  

This, in turn, underscores Nakilat’s pivotal role in supporting the global energy ecosystem and reinforces its leadership as a trusted partner in the international shipping and maritime services sector.  

As part of our ongoing pursuit of strategic transformation, our commitment to sustainability remains a fundamental pillar of our long-term success. We continue to make tangible progress in environmental stewardship, operational efficiency, and responsible business practices, thereby strengthening our performance across environmental, social, and governance (ESG) criteria. Our financial performance in 2025 once again demonstrates Nakilat’s disciplined approach to long-term value creation. In a year marked by shifting market dynamics and rising operational demands across the maritime sector, the Company maintained robust financial stability supported by prudent financial stewardship and efficient fleet operations. This year’s performance demonstrates the effectiveness of our strategic priorities in enhancing efficiency, strengthening our operating model, and driving improvements across our core businesses and joint ventures, reinforcing Nakilat’s position as a trusted partner in the global energy supply chain.  

Nakilat is currently transitioning from planning to execution of its fleet expansion program through the construction of next-generation vessels incorporating state-of-the-art technologies to enhance efficiency and meet sustainability requirements. Construction of gas carriers has commenced at various shipyards in Korea and China, bringing the total number of vessels to be built to 40 ships of varying sizes, in accordance with the approved schedules. This move represents not merely an expansion in fleet capacity; rather it also embodies the Company’s strategic focus on fleet modernization and the enhancement of its operational capabilities, thereby supporting the development of a reliable, safe, and environmentally responsible LNG shipping network.  

Allow me to highlight some of Nakilat’s key operational achievements accomplished during 2025:  

• Reaffirming its strong safety and sustainability culture,Nakilatmaintained the British Safety Council’s Five-Star Ratings for the Occupational Health and Safety Audit and the Environmental Sustainability Audit. This achievement reflects the Company’s unwavering adherence to the highest international standards in safety and environmental protection, and further strengthens its position as a leader in responsible and sustainable performance.  
• Attainedan operational reliability rate of 99.6%, ranking among the highest globally.  
• Achieved a zero Lost Time Injury (LTI) rate acrossNakilat-Managed fleet. 
• The Company further strengthened its sustainability initiatives through mapping and measuring emissions, thereby leading the way in Qatar. 

Nakilat’s subsidiary and joint ventures at the Erhama Bin Jaber Al Jalahma Shipyard played a pivotal role in supporting the Company’s growth trajectory and delivering outstanding performance during 2025. This was achieved through the provision of integrated solutions encompassing critical ship repair services, the fabrication of offshore structures, and the delivery of comprehensive maritime solutions in accordance with the highest standards, thereby supporting the achievement of the objectives of Qatar National Vision 2030.  

The Board is pleased to highlight the notable accomplishments of our joint ventures and subsidiaries in 2025:  

• Qatar Shipyard Technology Solutions recorded a 98.1% customer satisfaction rate while delivering over 220 marine vessel and rig repair projects, including its 2,000th repair milestone, and secured the NFPS COMP 3 Project with Saipem, marking the largest single order in the Shipyard’shistory; 
• Qatar Fabrication Company (QFAB) achieved a remarkable milestone by recording 15 millionman-hourswithout a Lost Time Injury (LTI), while concurrently advancing the execution of several major fabrication projects under QatarEnergy’s North Field Expansion project (NFXP/NFE), North Field Production Sustainability project (NFPS) and North Field South project (NFS). Furthermore, during the year, QFAB was awarded ISO 17020 certification, a strategic step that bolsters its operational competency and the quality of its technical services; 
• Nakilat-SvitzerWijsmuller (NSW) achieved an outstanding milestone by recording 17.55 million work exposure hours without any Lost Time Injuries (LTI), reflecting its strong commitment to the highest safety standards;  
• NakilatAgency Company (NAC) successfully completed 20 years of service, providing around-the-clock logistics and marine services across Qatar’s ports and terminals. In 2025, NAC supported over 3,750 port calls across Qatar and coordinated over 1,500 internationally, all without incident or service disruption.  

The Board of Directors commends the Company’s strong financial performance in 2025, with a net profit of QAR 1.69 billion, representing an increase of 3.1% from QAR 1.64 billion in 2024. Building on our stable operational results and solid market positioning, Nakilat has continued to deliver value to its shareholders. Based on the Company’s financial strength and forward outlook, the Board is pleased to recommend a cash dividend distribution of 7.2 Qatari Dirhams per share for the second half of year 2025 to the General Assembly. This is in addition to the half yearly interim cash dividend of 7.2 Qatari Dirhams per share in respect of the six-month period ended June 30, 2025. Together the total cash dividend distribution amount is 14.4 Qatari Dirhams per share for the year 2025.  

Nakilat’s Board of Directors extends its sincere gratitude to HH Sheikh Tamim Bin Hamad Al Thani, the Amir of the State of Qatar, and HH Sheikh Hamad Bin Khalifa Al Thani, the Father Amir of the State of Qatar, for their visionary leadership, which has been instrumental in Nakilat’s journey. 

 Our appreciation also goes to HE Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, for his steadfast support of Nakilat’s activities and partnership with the Erhama Bin Jaber Al Jalahma Shipyard. Finally, we express our heartfelt thanks to our shareholders, management, employees, and partners, especially QatarEnergy LNG, along with Qatar Stock Exchange (QSE) and Qatar Financial Markets Authority (QFMA) for their continued dedication and invaluable support of the Company’s operations. 

MR. ABDULAZIZ AL-MUFTAH

Chairman of Nakilat Board

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