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Mannai Corporation announced its financial results for the nine months ended September 30, 2026, revealing significant growth across key metrics. The company said in a statement that net profit after tax reached QR156 million, marking a 54 percent increase from QR101 million a year earlier. Revenue climbed 16 percent to QR4.03 billion from QR3.4 billion while gross profit rose by the same margin to QR654 million from QR565 million. Lower financing costs also contributed to the bottom line improvement.
According to the company’s release, EBITDA grew 11 percent to QR352 million and EBIT expanded 16 percent to QR268 million during the period. Net profit before tax surged 71 percent to QR173 million. Earnings per share increased 54 percent to QR0.34 from QR0.22 in the nine-month period of 2025.
The statement highlighted that group revenue growth was primarily driven by the ICT and Automotive segments. The ICT Group continued to expand through a strong order book and solid business execution. The Automotive Division benefited from the successful expansion of the BYD franchise, which contributed significantly to volume growth and revenue generation during the period.
Mannai Corporation had previously reported strong results for the first half of 2026 with net profit rising 44 percent to QR101 million on revenue of QR2.7 billion according to an August announcement from the company. The latest nine-month figures indicate the third quarter added further gains on top of that base.
The company had reported in February 2026 that its full-year 2025 revenue reached QR5.1 billion, up 25 percent from the year before. Net profit before Pillar-2 tax for 2025 increased 66 percent to QR289 million while net profit after tax stood at QR267 million. The sustained growth pattern extends from those earlier results into the current reporting period.
In its half-year report released in August 2026, Mannai Corporation had already highlighted the contributions of the ICT Group and the BYD expansion to its results. The nine-month update builds upon those foundations with continued growth in the third quarter. The group maintains a focus on expanding its order book and leveraging partnerships in the automotive space.
