Digital transformation initiatives in automation and artificial intelligence enhanced productivity, governance, and cost optimization

Doha – 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.

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.”

He added:
“International expansion has evolved into a core driver of our growth, strengthening our presence in high-potential markets while enabling income diversification and risk mitigation. Recent regional dynamics have further validated this strategic direction. At the same time, we continue to invest in digital transformation and advanced technologies to enhance operational efficiency. These results position us firmly on a clear upward growth trajectory, underpinned by a flexible strategy and financial discipline that ensure sustainable performance amid evolving economic conditions.”

During the first quarter of 2026, Estithmar Holding launched its new subsidiary, Estithmar Capital, its fifth business platform, specializing in financial investment management, corporate governance enhancement, and the implementation of robust compliance and risk management frameworks, reinforcing the Company’s commitment to sustainable and responsible growth.

The healthcare Group continued to deliver strong growth, driven by the expanding performance of its international facilities, particularly in Iraq and Libya, which have become key contributors to revenue. This reflects growing regional confidence in Apex Health, the company’s healthcare arm.

The services Group further strengthened its leading position in the Qatari market, especially in facilities management and catering solutions, while regional expansions in Saudi Arabia, Iraq, and Jordan contributed to increased profitability and the development of new revenue streams.

In the tourism and real estate development segment, the Group maintained solid progress despite regional challenges, supported by strong execution capabilities and strategic planning. Key projects continue to advance, including Rixos Baghdad Hotel & Residences and Rosewood Maldives Resort, alongside the strong performance of Al Maha Island and a successful season for Lusail Winter Wonderland.

Meanwhile, the industries & specialized contracting segment recorded exceptional profitability growth of 376% compared to Q1 2025, driven by improved operational efficiency, effective cost optimization measures, and continued regional expansion, including new projects in Syria, Algeria, the Maldives, and Rwanda.

It is also worth noting that Estithmar Holding appointed PricewaterhouseCoopers (PwC) as its external auditor effective early 2026, following approval by the Board of Directors and the General Assembly.