Fleet growth and disciplined strategy underpin Nakilat’s Q1 2025 results
Nakilat’s Q1 2025 results offer a clear view into its long-term strategic intent, as the Qatari LNG shipping company reported a net profit of QR433M (US$119M), a 3% year-on-year increase.
The growth comes despite a turbulent global economy and higher borrowing costs, underscoring the company’s emphasis on cost control, operational efficiency and strategic fleet renewal.
Nakilat chief executive Abdullah Al-Sulaiti stated the results reflected Nakilat’s “strategic vision and dedication to excellence” and noted continued investment in technologically advanced vessels and long-term partnerships placed the company in a strong position within the LNG shipping sector.
The strategy includes constructing new LNG and /ammonia carriers and in March 2025, steel cutting ceremonies were held for 10 LNG carriers and four /ammonia carriers at Hanwha Ocean and HD Hyundai Samho shipyards in South Korea.
The move signals Nakilat’s intent to strengthen its capabilities and improve operational flexibility through modern tonnage.
The company’s total expenses for the quarter stood at QR673M (US$185M), down 6% compared with the same period last year.This contributed to overall profitability and reflects what the company describes as a focus on sustainable growth and value delivery to stakeholders.
With a fleet of 69 LNG carriers, two LPG vessels and one FSRU, Nakilat continues to consolidate its position within Qatar’s critical LNG export chain.
