Qatar Fuel Company Q.P.S.C. ("WOQOD") (QFLS) Earnings Call Transcripts

Qatar Fuel Company Q.P.S.C. ("WOQOD")'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Qatar Fuel Company Q.P.S.C. (WOQOD) reported a significant decline in both revenue and net income, reflecting ongoing market challenges. Revenue decreased to QAR 5 billion, down 21% year-over-year, while net income fell by 29% to QAR 163 million. Management indicated that fuel sales volumes dropped by 15% and average sales prices decreased by 7%, primarily due to adverse market conditions. Looking forward, management noted early signs of recovery in jet fuel volumes and expects continued improvement in the coming weeks, which could positively impact future performance.

Reported metrics

Guidance from management

Management indicated early signs of recovery in fuel volumes, particularly in jet fuel, and expects this trend to continue in the coming weeks. No specific numerical guidance was provided for future quarters.

What management said

Muhammad Adnan, yes, regarding your first question, which is recovery of volume, I would say that jet fuel suffered the most, were 87 percentage down as compared to 2025 March. So that has shown some recovery in April. So we hope it will continue to improve in coming weeks. Regarding the other fuel, yes, I mean, it was not as bad as jet fuel, but that also shows the improvement trend in the recent weeks. So we are e...

On the petrol station development, yes, we are still on the plan. We don't see any issue with that. Regarding jet fuel recovery, yes, last month, it was only 13 percentage of last March, but right now, we see that considerable improvement. So as of now, I would say that it has recovered almost half of volumes. We don't know. We are closely watching the situation. It may go up or down. But we are closely watching it. ...

What analysts pressed on

Analysts expressed concerns regarding the ongoing impact of market conditions on fuel sales volumes and pricing. There were questions about the recovery trajectory of jet fuel sales and the potential for future volume growth amid prevailing uncertainties.

Main topics on the call

• Revenue Decline — WOQOD's total revenue for Q1 2026 was QAR 5 billion, a decrease of 21% from QAR 6.3 billion in Q1 2025. Management attributed this decline to a 'decrease in overall fuel sales volume by 15% and decrease in average sales ...
• Net Income Drop — Net income for the first quarter fell to QAR 163 million, down 29% from QAR 230 million in the prior year. This was driven by 'decrease in overall sales volume and stock price variances'.
• Fuel Sales Volume Trends — Total fuel sales volume decreased by 2% year-to-date March 2026 compared to the same period last year. Diesel sales were down 2%, and gasoline sales also decreased by 2%, driven by market demand.
• Jet Fuel Sales Recovery — Jet fuel sales volume decreased by 26% year-over-year but management noted a recovery trend in April, stating, 'jet fuel suffered the most... so that has shown some recovery in April'.

Read the full Qatar Fuel Company Q.P.S.C. ("WOQOD") transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Qatar Fuel Company Q.P.S.C. ("WOQOD") earnings call transcripts on record, spanning October 21, 2021 to July 23, 2026. Based on this history, Qatar Fuel Company Q.P.S.C. ("WOQOD") reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

QFLS

Exchange

DSM

Country

QA

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

19

First call

October 21, 2021

Most recent

July 23, 2026

Reporting cadence

quarterly