Qatar-based logistics firm Gulf Warehousing Company (GWC) posted QAR 82 mn (c. USD 22.5 mn) in net income in 9M 2025, dropping 44% y-o-y from last year’s QAR 147 mn, according to a statement. The firm’s topline dipped nearly 12% y-o-y, reaching around QAR 1.1 bn in the same period.

The year’s financials, so far: GWC saw its net income for 2Q 2025 drop 53.3% y-o-y to QAR 23.3 mn, while revenues for the period slipped 7.4% y-o-y to reach QAR 345 mn. In 1H 2025, GWC’s bottom line slumped some 38.4% y-o-y to QAR 62.5 mn, while its revenues dipped 4.8% y-o-y, recording around QAR 712.7 mn in 1H 2025.

GWC is expanding: GWC has been on an expansion streak, having clinched a non-controlling stake in Austria-based startup Quivo earlier this month, following an acquisition of a 16.15% stake in German supply chain operator Ancla Logistik, valued at EUR 8.2 bn.

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