Qatar’s Estithmar Holding Reports 99% Profit Jump to $193 Million in Nine Months
Estithmar Holding, one of Qatar’s leading investment groups, announced a major rise in profits for the first nine months of 2025. The company’s net profit almost doubled, increasing by 99% to reach $193 million (QAR 703 million). This strong result was supported by growth in all of its main business areas.
Strong Revenue Growth
Between January and September 2025, Estithmar earned $1.34 billion (QAR 4.9 billion) in total revenue — a jump of 66% compared to the same period last year. The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also went up sharply by 89%, reaching $297.2 million (QAR 1.08 billion).
Earnings per share rose 117% to $0.05 (QAR 0.19), showing that the company is delivering strong returns to its shareholders.
Growth Across All Divisions
Estithmar’s performance was driven by growth in its four main divisions — healthcare, services, real estate and tourism investments, and contracting and industries.
The company’s CEO, Juan Leon, said the results show that Estithmar’s strategy of expanding and diversifying its business is working well. He added that the company’s focus on operational efficiency and entering new markets in the region and internationally has strengthened its overall performance.
Key Developments in the Third Quarter
In the third quarter of 2025, Estithmar achieved several milestones. The company was added to the FTSE Global Equity Index Series (FTSE GEIS) Mid Cap Index during the FTSE Russell semi-annual review in September. This inclusion increases the company’s visibility among global investors.
Estithmar’s healthcare division, Apex Health, also made progress in expanding across the Middle East and North Africa. In Iraq, Apex Health received an investment license from the Iraq National Investment Commission to build the 400-bed Baghdad International Hospital. Meanwhile, in Algeria, construction continues on the Algerian-Qatari-German Hospital, another major healthcare project.
In addition, Estithmar and Al Bidda Industries and Services signed a partnership with Siemens to develop “smart and sustainable solutions” across various sectors such as healthcare, energy, and contracting. This partnership aims to introduce advanced technologies and eco-friendly systems into Estithmar’s projects.
Major Projects and Market Value
Beyond healthcare, Estithmar is developing luxury hospitality projects including the Rixos Baghdad Hotel and Residences and the Rosewood Maldives Resort, both of which aim to strengthen its position in the tourism and real estate markets.
As of October 29, 2025, Estithmar’s market capitalization stood at $4.3 billion (QAR 15.65 billion). Its stock price surged by 166% between January and September, closing at $1.23 (QAR 4.47) per share.
Outlook
Estithmar Holding’s impressive performance in 2025 highlights its ability to grow across different sectors while expanding internationally. With new projects underway in healthcare, hospitality, and industrial services, the company is positioning itself as one of the region’s fastest-growing and most diversified groups.
CEO Juan Leon emphasized that Estithmar will continue focusing on innovation, sustainability, and strategic expansion to build long-term value for shareholders and strengthen Qatar’s role in the global business landscape.
Published: 30th October 2025
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