NAKILAT-

Qatar Gas Transport Company Nakilat recorded a 3.7% y-o-y increase in its bottom line to QAR 860 mn in 2Q 2025, according to an IR presentation (pdf). The Qatari firm saw its top line rise 1.3% y-o-y to QAR 2.2 bn during the same period. The firm’s total expenses dipped 4.5% y-o-y to QAR 1.4 bn.

Behind the numbers: The firm attributes its growth to its fleet expansion — scheduled to hit 112 carriers once all newbuilds on order are delivered. The company currently has 27 174k-cbm LNG carriers on order, with deliveries set for 2026 onwards, as well as nine 271k-cbm QC-Max carriers and four 88k-cbm LPG carriers.

Big expansions already in the works: Nakilat inked an initial financing agreement package with Export-Import Bank of Korea. Construction on 17 LNG carriers commissioned by Nakilat kicked off at South Korea’s Hyundai Heavy Industries Shipyard in May. The vessels — whose capacities stand at 174k cbm each — were commissioned by QatarEnergy to expand its LNG-moving fleet and replace older vessels.

NMDC GROUP-

NMDC had a good 2Q: The UAE’s National Marine Dredging Company (NMDC) Group saw its bottom line rise 18% y-o-y to AED 971 mn in 2Q 2025, while its revenues increased 5% y-o-y to AED 7.1 bn during the same period, according to the company’s financials (pdf). The boost across the board is driven by enhanced cost efficiency, increased operating margins, and robust operational control, according to a separate press release.

In 1H terms: The ADX-listed firm recorded a 20% y-o-y boost in its net income to AED 1.8 bn, while its revenues rose 10% y-o-y to AED 13.4 bn during the same period. The firm attributes the increase to its expansion into regional markets and ongoing infrastructure development projects, the statement adds.

Operational highlights: The total value of the firm’s projects under development hit AED 66.2 bn — with AED 15.1 bn awarded in 2Q alone. With its current growth rate, the company estimates the value of its ongoing tenders will reach AED 100 bn. NMDC Group’s newly launched logistics arm, NMDC LTS, finalized its acquisition of a 70% stake in Abu Dhabi-based oilfield services and logistics firm Emdad last month.

More to come: NMDC is planning to invest nearly INR 210 bn (USD 2.4 bn) into Mumbai’s Vadhvan Port, a strategic mega-port currently being built by DP World and India’s Jawaharlal Nehru Port Authority.

ROYAL JORDANIAN-

Jordan’s flagship carrier Royal Jordanian returned to the black in 1H 2025, recording JOD 12.7 mn (USD 17.9 mn) in net income after sustaining a JOD 27.4 mn loss the year prior, Petra reports, citing a statement it has seen from the company’s board. Its operating revenues increased 10.9% y-o-y to JOD 375 mn during the same period.

The firm attributed its performance to an expanded and modernized fleet and network, which helped the carrier flip reverse from its net loss position. The firm reported an 8% y-o-y uptick in flight operations, carrying 1.8 mn passengers in 1H 2025, an increase of over 80% to its seat load factor, and a nearly 90% increase to its on-time performance rate.

Fleet expansions on the horizon: The airline received seven new Airbus A320neo carriers, with four more scheduled to arrive next month — bringing the total to 11, CEO Samer Majali told the news agency. Royal Jordanian expects to complete a full revamp of its medium-to-regional range fleet, including integrating 14 Airbus carriers and seven Embraer jets, by early 2026.

Big picture plans: The Jordanian flagship carrier is planning to implement company-wide reforms, including cost restructuring, revenue diversification, air cargo operations development, and investment in support units. The carrier also plans to expand its fleet to 41 aircraft by 2028. In May, it inked a USD 250 mn (JOD 177 mn) syndicated loan agreement with a consortium led by Arab Bank that included several regional and local banks.

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