Estithmar Holding’s net profit rose 5.9% to QR744 million in the first nine months of 2026, from QR703 million a year earlier, the Qatar-listed conglomerate said on Wednesday.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 15.4% to QR1.248 billion from QR1.082 billion, according to a company statement. The EBITDA margin widened to 28% from 22%.
Revenue fell 7.6% to QR4.526 billion from QR4.900 billion. The net profit margin rose to 16% from 14%.
Earnings per share were QR0.165, compared with QR0.162 a year earlier, restated for bonus shares.
Revenue at the tourism investments and real estate development unit rose 94% to QR294 million. Its net profit rose to QR71 million from QR21 million, supported by progress at the Rixos Baghdad project in Iraq.
Shareholders’ equity rose 16.3% to QR5.557 billion from QR4.776 billion at the end of 2025. Total liabilities fell 2.5% to QR9.531 billion. Cash and bank balances rose to QR414 million from QR338 million.
The company deployed QR1.374 billion through investing activities in the period. That included QR647 million at Rosewood Maldives, QR294 million at Rixos Baghdad, QR190 million at the Algerian Qatari German Hospital, QR160 million in Syria’s Shahba Bank and QR83 million across other projects.
The hospital in Algeria is scheduled to open in 2027 with more than 300 beds. Rixos Baghdad Hotel and Residences will have 497 hotel and residential units.
Chief Executive Officer Basel Shaddad said the expansion of the EBITDA margin reflected stronger earnings performance as the group continued to invest in long-term growth.
