Nakilat

Qatar Gas Transport Company (Nakilat) closed FY 25 with a 3.1% y-o-y rise in its bottom line to reach QAR 1.7 bn, driven mainly by higher earnings from wholly owned vessels and lower financing fees, according to the earnings presentation (pdf). The Qatari firm’s top line rose 5.6% y-o-y to QAR 4.8 bn, primarily due to returns from wholly owned vessels and the full integration of Qatar Shipyard’s technology solutions.

Gulf Warehousing Company

GWC posts FY 25 decline: Qatari-based Gulf Warehousing Company (GWC) recorded a net income of QAR 120 mn in FY25, falling by some 30% y-o-y, in our calculation, according to a press release (pdf). The firm’s revenues also fell by 13.8% y-o-y to hit USD 1.4 bn during the same period.

Starting the year with leadership stability: GWC appointed Matthew Kearns (LinkedIn) as its permanent group chief executive officer (CEO) — following his tenure as acting chief. Kearns brings hands-on operational firepower from senior positions –– including UAE country logistics manager and head of MENA last-mile programs at Amazon.

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