Estithmar Holding Reports Strong Financial Growth in Q1 2025, Achieving 50% Increase in Net Profit
Estithmar Holding Q.P.S.C. has reported an impressive performance for the first quarter of 2025, posting a net profit of QAR 170 million, reflecting a 50% increase compared to the same period last year. This substantial growth signals the company’s effective execution of its investment strategies and operational efficiencies. Additionally, the company saw a 64% surge in its revenue, which reached QAR 1.3 billion compared to QAR 797 million in Q1 2024, marking an outstanding start to the year.
Other key financial indicators also demonstrated remarkable improvements. Gross profit surged to QAR 416 million, up from QAR 196 million in Q1 2024, while EBITDA increased by 53%, reaching QAR 273 million. Earnings per share (EPS) rose by 57%, reaching QAR 0.047. These results reflect the successful implementation of Estithmar Holding’s diversified investment approach and its ability to generate consistent revenue and profit growth across various sectors.
The company’s achievements in Q1 2025 are directly attributable to its expanding international presence and a diverse portfolio of projects that have begun to yield substantial returns. The international ventures announced by Estithmar Holding have begun to contribute meaningfully to the company’s overall financial performance, particularly in terms of revenue, profit, and asset growth.
Strategic Clusters Drive Balanced Growth
Estithmar Holding’s impressive performance can be attributed to its multi-cluster approach, where each business segment plays a critical role in driving revenue and profitability. The company has successfully balanced its contributions across four strategic clusters: Healthcare, Services, Tourism & Real Estate Development, and Contracting & Industries.
Healthcare Cluster: Expanding Across MENA
One of the key drivers of growth for Estithmar Holding in Q1 2025 was the performance of the Healthcare cluster, which saw significant gains driven by its hospitals outside Qatar. The growing network of healthcare facilities in countries such as Iraq, Algeria, and Libya reflects the increasing confidence that governments in the MENA region have in the services provided by the company’s healthcare subsidiary, Apex Health.
In particular, hospitals like Imam Al-Hassan Al-Mujtaba Hospital in Karbala, Al-Nasiriyah Teaching Hospital in Dhi Qar, Iraq, and Misrata Heart & Vascular Center in Libya are contributing to a new income stream for the company. These hospitals, which are gaining traction due to their high-quality medical services, are expanding Estithmar Holding’s regional presence and offering long-term growth opportunities. The cluster’s expansion into other MENA markets further strengthens its foothold, positioning Estithmar as a leader in regional healthcare.
Services Cluster: Strengthening Leadership Regionally and Internationally
The Services cluster, particularly in Facilities Management and Catering, continues to maintain its leadership position in Qatar. Beyond its domestic strength, the cluster has also expanded into key regional markets such as the Kingdom of Saudi Arabia (KSA), Jordan, and Iraq. This expansion has not only led to increased revenues but also introduced new income streams, which are helping to diversify Estithmar’s overall business portfolio.
The company’s ability to scale its services operations across multiple countries demonstrates its agility and capacity to serve clients in a variety of industries, ranging from hospitality to governmental organizations. This cluster’s continued growth reinforces Estithmar Holding’s reputation as a dependable partner in essential service sectors.
Tourism & Real Estate Development Cluster: Key Projects Propel Asset Growth
The Tourism & Real Estate Development cluster has made significant strides in Q1 2025, with a focus on the timely delivery of key projects. Among the most notable developments are the Rixos Baghdad Hotel in Iraq and the Rosewood Maldives Resort, both of which are expected to drive long-term revenue and asset value. These high-profile projects add to Estithmar’s growing portfolio in the luxury hospitality sector, positioning the company as a leading player in high-end tourism and real estate development in the MENA region.
In addition to new projects, the cluster also saw significant profitability improvements in existing ventures, including Lusail Winter Wonderland and Al Maha Island. These initiatives are not only contributing positively to the company’s financial outcomes but are also enhancing Estithmar’s asset base, which saw an impressive QAR 600 million increase in Q1 2025.
Contracting & Industries Cluster: Expanding in Saudi Arabia and Qatar
Estithmar Holding’s Contracting & Industries cluster also contributed significantly to its revenue and profit growth during the quarter. In particular, the peak phase of project deliveries in Saudi Arabia—such as the Red Sea Airport and the Yacht Club—had a notable impact on the company’s bottom line. These large-scale infrastructure projects are expected to provide long-term revenue streams, especially as the Saudi Vision 2030 plan continues to drive investments in the country’s infrastructure.
In addition to its success in Saudi Arabia, the cluster’s operations in Qatar have also shown improvements, especially in local project execution. The company has secured new projects with major public and private entities, which, combined with its focus on improving operational efficiency, has resulted in enhanced profitability in the Qatari market.
Operational Excellence and Strategic Execution
Estithmar Holding’s success in Q1 2025 highlights its ability to execute a well-diversified growth strategy while maintaining operational excellence across its various clusters. The company’s balanced approach has allowed it to mitigate risks and ensure stable growth, regardless of market fluctuations. Its investments in technology, management systems, and strategic partnerships have positioned the company for continued success.
The strong performance across all clusters is a direct result of Estithmar’s focus on operational efficiency. By optimizing internal processes and leveraging advanced technologies, the company has been able to reduce costs, streamline operations, and improve profitability across its portfolio.
Outlook for the Future: Sustainable Growth and Value Creation
Looking ahead, Estithmar Holding remains optimistic about its growth prospects. The company’s ongoing efforts to expand its footprint regionally and internationally are expected to continue driving revenue and profit growth. The company is particularly focused on expanding its presence in the healthcare, tourism, and real estate sectors, which are expected to remain strong in the coming years.
Furthermore, Estithmar plans to continue enhancing its operational capabilities by investing in new technologies, improving efficiency, and driving sustainability initiatives. This long-term focus on innovation will help the company stay ahead of market trends and create new avenues for growth.
CEO’s Statement: Building on Strong Foundations
Group CEO Mr. Juan Leon shared his enthusiasm for the company’s results, stating: “The exceptional rise in all financial indicators reflects the dedication of Estithmar’s team, and I look forward to working closely with them to build on Estithmar Holding’s growth story in Qatar and abroad. Analyzing these results, Estithmar Holding has demonstrated the ability to deliver sustained, diversified growth—both vertically and horizontally—paving the way for further expansion as investor confidence strengthens and our footprint continues to grow both locally and internationally.”
Mr. Leon’s statement reflects the company’s confidence in its long-term strategy and its commitment to creating value for shareholders and stakeholders. Estithmar Holding’s diversified business model and focus on high-growth sectors make it well-positioned to continue delivering strong results in the years to come.
Conclusion
Estithmar Holding’s Q1 2025 results demonstrate the company’s ability to execute a well-balanced and diversified growth strategy, yielding exceptional financial performance. The 50% increase in net profit, coupled with substantial growth in revenue and EBITDA, showcases the company’s successful operational strategies and its ability to generate value across multiple sectors. With continued expansion in key markets and a focus on innovation and operational excellence, Estithmar Holding is poised for sustained growth and long-term success.