Qatar Gas Transport Co. · QSE:QGTS
Qatar Gas Transport — Nakilat — H1 2026 Earnings Presentation
20 slides from Qatar Gas Transport's earnings presentation, July 2026
Slide 1: 1H26 Financial Results
Nakilat 1H26 FINANCIAL RESULTS IR Presentation – July 2026 2026
Slide 2: Forward Looking Statements & Disclaimer
Forward Looking Statements & Disclaimer All statements in this presentation (other than those of historical fact) contain reference to our future business and financial performance and future events or developments that may constitute forward-looking statements. These statements may be identified by
Slide 3: Agenda
Agenda 11. Net Borrowings 14 1. Nakilat at a Glance 4 12. Nakilat’s Vessels Newbuild 15 2. Investment Thesis – Key Strengths 5 13. Dividends (2017 – 2025) 16 3. Nakilat’s Fleet in Operation 6 14. Our Journey Towards Sustainability 17 4. Accelerating our Fleet Growth Strategy 7 15. Closing Remarks 18
Slide 4: Nakilat at a Glance
Nakilat at a Glance Established in 2004, Nakilat is a shipping and maritime Shipyard • Fabrication, conversion, maintenance & company based in the State of Qatar industrial engineering • Marine vessels, rigs, offshore & onshore One of the world’s largest shipping fleets structures • Fabrication offs
Slide 5: Investment Thesis – Key Strengths
Investment Thesis – Key Strengths Nakilat is a low-risk player in LNG/energy transportation and provides highly attractive risk-adjusted long term returns for its shareholders Leading Operating Capability Attractive Shareholder Returns • Having over 15 years of experience in LNG shipping has allowed
Slide 6: Nakilat's Fleet in Operation
Nakilat’s Fleet in Operation Wholly & Jointly-Owned Fleet in Vessels' Type / Propulsion 35 Operations 35 31 30 29 30 25 25 Number of Vessels Number of Vessels 20 19 20 14 15 15 10 9 10 10 7 5 5 4 4 2 2 2 3 1 1 2 2 1 1 0 0 6 1H26 Financial Results Presentation 2026
Slide 7: Accelerating our Fleet Growth Strategy
Accelerating our Fleet Growth Strategy Leading Ship Building Partnerships: Hyundai Samho Heavy Industries, Hyundai Heavy Industries & Hudong-Zhonghua FLEET EXPANSION • Nakilat continues to expand its world-class LNG fleet through Newbuilds for delivery strategic partnerships with three of the most a
Slide 8: Ship Building Project Management Office
Ship Building Project Management Office Nakilat Launches New Project Management Office in South Korea to Oversee Ship Building Project Nakilat Korea Ltd. has inaugurated a new project management office in South Korea, marking a strategic enhancement of Nakilat's oversight and involvement the histori
Slide 9: Health and Safety
Health and Safety Consistent strong focus on health & safety KPIs Leading with HSE Lost-Time Injury Rate (LTIF)1 0.39 0.37 0.30 0.23 0.24 0.19 0.18 2020 2021 2022 2023 2024 2025 2026 2Q26 Total Recordable Case Frequency (TRCF)2 1.11 1.14 1.01 0.63 0.59 0.45 0.47 2020 2021 2022 2023 2024 2025 2026 2Q
Slide 10: 1H26 - LNG Shipping Market Update
1H26 - LNG Shipping Market Update Multi-Month (3-6) LNG Shipping Rates 12 Months 120,000 174kcbm MEGIs 160kcbm DFDEs 145kcbm Steam Development of Global LNG Charter Rate per Day 80,000 Average Rates in 1H26 MEGIs/XDFs: ~$ 68,000pd 160k DFDEs: ~$ 59,000pd Carriers Fleet* (2019 - 2031e) 145k Steam: ~$
Slide 11: Executive Summary 1H26
Executive Summary 1H26 H1 2026 Key Financial Highlights QAR 2.39B QAR 1.79B QAR 857M Total Income ~ +5.5% YoY EBITDA1 ~ -1.5% YoY Net Profit ~ -0.4% YoY QAR 0.15 12.6% 1.39 EPS ROE2 Current Ratio H1 2026 Key Business Highlights & Milestones • Total income increased by ~5.5% Primarily driven by conso
Slide 12: Financial Summary – Income Statement
Financial Summary – Income Statement Sustained growth underpinned by value-focused investments and continuous enhancements in efficiency. (QAR) H1 26 H1 25 YoY% H1 2026 Financial Highlights Due to the consolidation of LPG vessels & Qatar Shipyard Technology Solutions, not fully present in comparativ
Slide 13: Financial Summary – Balance Sheet
Financial Summary – Balance Sheet Sustained growth underpinned by value-focused investments and continuous enhancements in efficiency. (QAR) H1 26 Q4 25 YoY% H1 2026 Financial Highlights ~ Property and equipment 27.58B 25.72B +7.2% Primarily driven by continued investment towards the new-build progr
Slide 14: Net Borrowings
Net Borrowings Net Borrowings (FY'16 to H1'26) QAR 25 QAR in Billions QAR 23 21.7 21.4 21.2 21.0 QAR 21 20.6 19.8 19.8 19.9 19.5 QAR 19 18.8 17.6 QAR 17 QAR 15 FY'16 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 2Q'26 Net Total Borrowings Expansion programme % Group Debt Balance of QAR 21.7B
Slide 15: Nakilat's Vessels Newbuild
Nakilat’s Vessels Newbuild Total Shipbuilding Commitment ~ $9.7Bn 14 2,500,000,000 12 $1.9 - $2.2 Bn 2,000,000,000 $1.7 - $2 Bn 10 $1.3 - $1.5 Bn 1,500,000,000 8 $0.9 - $1.1 Bn 6 $0.9 - $1.1 Bn $0.7 - $0.8 Bn 1,000,000,000 $0.7 - $0.9 Bn $0.6 - $0.7 Bn 4 500,000,000 2 $0.2 - $0.3 Bn 0-0 0-0 2-4 4-6
Slide 16: Dividends (2017 – 2025)
Dividends (2017 – 2025) 1600.0% 14.4 14 14 1400.0% 13 12 1200.0% 11 7.2 2H25 10 10 10 7 2H24 1000.0% 800.0% 600.0% 1H25 1H24 400.0% 7 7.2 200.0% 0.0% 2017 2018 2019 2020 2021 2022 2023 2024 2025 Nakilat has distributed a total cash dividend of 14.4 Qatari Dirhams per share for the year 2025. 16 1H26
Slide 17: Our Journey Towards Sustainability
Our Journey Towards Sustainability Commitment to Environmental Protection and Sustainability At Nakilat, we prioritize the protection of the environment in all our business operations as we are committed to minimizing harm and preserving our planet for future generations. We continually enhance our
Slide 18: Closing Remarks
Closing Remarks profitability results (~-0.4% YoY), Nakilat’s EBITDA reached QAR 1.79 Nakilat’s resilient business model momentum continues billion provides the flexibility to navigate sustainably through volatile markets and geopolitical uncertainty Nakilat has distributed a total cash Maximize Glo
Slide 19: Q&A
Q&A 1H26 Financial Results Presentation 2026
Slide 20: Thank You
For Investor Relations inquiries please contact: Fotios Zeritis Head of Investor Relations & ESG Reporting fzeritis@nakilat.com www.nakilat.com THANK YOU 1H26 Financial Results Presentation 2026