Nebras Energy, the Doha-listed utility formerly known as Qatar Electricity and Water Company, said net profit for the first nine months of 2026 rose 1% to 1.03 billion Qatari riyals, from QR1.02 billion a year earlier.
Revenue rose 5% to QR2.41 billion in the January to September period, from QR2.28 billion in the same period of 2025, the company said in a statement on Sunday.
Earnings per share rose to QR0.94 for the nine months ended September 30, from QR0.93 a year earlier.
Third-quarter net profit rose 25.5% from a year earlier to QR464 million, CNBC Arabia reported, citing the company’s financial statements.
The quarterly gain came from higher electricity and water revenue and a larger share of results from the company’s investments, while operating profit fell to QR260.3 million on higher administrative expenses and lower other income, according to the report.
Nine-month finance costs rose 6% to QR289.2 million, CNBC Arabia said.
Net cash from operating activities fell 35% to QR814.5 million in the nine months, and cash and cash equivalents dropped to QR1.84 billion from QR2.66 billion at the start of the year.
Total assets rose to about QR24.9 billion at the end of September, and total equity reached QR16.3 billion.
The company has scheduled a conference call with investors on October 28 to discuss its financial and operating performance.
