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The firm reported a net profit of about 1.69 billion riyals ($450 million) in 2025.
This compares to 1.64 billion riyals in 2024.
Nakilat reported a net profit of 1.31 billion riyals for the quarter ended September 30, 2025.
According to Nakilat, its net income in 2025 was driven by higher revenue from wholly-owned vessels and reduced finance charges.
Total income of 4.78 billion riyals in 2025 increased by 5.6 percent.
Nakilat said its expenses increased by 6.1 percent to 2.16 billion riyals primarily due to the introduction of Qatar Shipyard Technology Solutions & LPG vessels operating expenses, which are now fully consolidated.
“Nakilat continued to achieve strong operational performance during 2025. We sustained dependable performance across our fleet, upheld the highest standards of safety, and continued to execute our fleet expansion programme with discipline and clear purpose,” Abdullah Al-Sulaiti, Nakilat’s CEO, said.
LNG fleet
Nakilat remains on track with its newbuild program, which includes LNG carriers and LPG/ammonia gas carriers under construction.
In March last year, Nakilat marked a milestone with two steel-cutting ceremonies for a total of ten of its new LNG carriers and four LPG/ammonia gas carriers at Hanwha Ocean and HD Hyundai Samho shipyards in South Korea.
In addition, South Korean shipbuilder HD Hyundai Heavy Industries officially started building in May Nakilat’s first of 17 LNG carriers as part of an order placed last year.
Nakilat’s fleet currently includes 24 conventional LNG carriers, 31 Q-Flex vessels (210,000-217,000 cbm), 14 Q-Max vessels (263,000-266,000 cbm), and one FSRU. This includes jointly-owned LNG carriers.
In January 2024, Nakilat placed orders worth about $955 million with HD Hyundai Samho to construct two LNG tankers and four LPG/ammonia carriers.
Moreover, Nakilat signed charter agreements in March 2024 with LNG giant QatarEnergy for 25 conventional-size LNG carriers as part of the second phase of its massive shipbuilding program.
QatarEnergy also signed a time charter and operation agreement with Nakilat for nine 271,000-cbm LNG carriers.
Nakilat has 36 LNG carriers and four LPG/ammonia carriers on order.
The total vessel count in the company’s fleet will reach 114 once all the vessels are delivered, including 105 LNG carriers.
