GWC Group Delivers QAR 29 Million Net Profit in Q2 2026, Driven by the Group's Regional Operations Connectivity

• Customer-specific logistics solutions and three strategic multimodal trade corridors safeguarded business continuity and preserved regional trade flows throughout H1 2026.
• Sheikh Mohammed Bin Hamad: GWC Group reinforces its role as a critical enabler of regional trade and economic resilience across the GCC.
• Sheikh Abdulla Bin Fahad: Supply Chain continuity solutions and strategic trade corridors strengthened regional connectivity, safeguarded business continuity, and kept essential goods moving to our communities.
• Matthew Kearns: Established regional footprint enabled rapid customer solutions and tripled international net revenue contribution in two years.

Gulf Warehousing Company Q.P.S.C. (GWC Group), one of the region’s leading logistics groups providing cross-border and integrated supply chain solutions, announced its financial results for the second quarter of 2026 following a meeting of the Board of Directors held on 23 July 2026 and chaired by GWC Group Chairman, Sheikh Mohammed Bin Hamad Bin Jassim Bin Jaber Al Thani.

During the second quarter of 2026, the Group generated gross revenues of QAR 359 million, representing 13% growth over the previous quarter and 4% growth compared with Q2 2025. Net profit reached QAR 29 million, increasing 32% year-on-year.

The strong quarterly performance brought first-half net profit to QAR 62 million, with a 6% growth compared with H1 2025. Earnings per share for the second quarter stood at QAR 0.106 as compared to 0.100 in 2025.

To safeguard customer business continuity amid regional trade disruptions, GWC Group deployed engineered logistics solutions and activated three strategic multimodal trade corridors, connecting markets across Qatar, Saudi Arabia, the United Arab Emirates, Oman, and Bahrain. These purpose-built trade corridors were created to preserve regional trade flows, strengthen regional connectivity, and ensure uninterrupted supply chain continuity for customers across the GCC.

H.E. Sheikh Mohammed Bin Hamad Bin Jassim Bin Jaber Al Thani, GWC Group Chairman, said:

“Our performance this quarter reflects GWC Group’s role as a critical enabler of regional trade. During periods of disruption, resilient supply chains become strategic infrastructure, and our responsibility is to ensure commerce continues to move reliably across the GCC. By creating new trade corridors, maintaining uninterrupted market connectivity, and exercising fiscal and operational prudence, we supported regional economic resilience.”

Regional Trade Connectivity Strengthened

GWC Group closed the first half of 2026 with three strategic multimodal trade corridors operating on a sustained daily basis, significantly strengthening regional connectivity and providing customers with resilient alternatives for cross-border logistics.

The first corridor combined sea and land transport through a dedicated chartered vessel deployed by the Group to secure critical cargo capacity into the GCC. A first in GWC Group’s history, the vessel completed voyages carrying essential commodities into the GCC, maintaining uninterrupted supply chain continuity across the region.

In parallel, the Group activated two additional air-land trade corridors. The first, via Riyadh, seamlessly integrated international air freight with GWC Group’s bonded cross-border land transportation network. The second, launched through Hamad International Airport, became Qatar’s first fully TIR-powered air-land trade corridor, further strengthening the country’s position as a regional redistribution hub serving GCC markets and beyond simultaneously.

H.E. Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani, GWC Group Managing Director, said:

“This quarter was about transforming newly established trade corridors into dependable channels for regional commerce. By deploying trade continuity solutions and activating strategic multimodal trade corridors, GWC Group strengthened regional connectivity, expanded its regional logistics capabilities, and delivered what mattered most during a period of uncertainty: essential goods for our communities and uninterrupted business continuity for our customers.”

Regional Footprint Expanded, Record Operation Completed

While GWC Group strengthened regional trade connectivity through strategic multimodal trade corridors, it also continued expanding its regional customer base and operational capabilities across the GCC through infrastructure investments, strategic partnerships, and record-breaking logistics operations. Together, these initiatives further enhanced the Group’s integrated regional logistics platform, enabling it to rapidly connect markets, mobilize assets, and deliver increasingly sophisticated cross-border logistics solutions tailored to evolving customer requirements.

In Oman, the Group executed the largest frozen bulk vessel operation on record in the Sultanate, demonstrating its capability to manage large-scale, time-critical logistics operations under demanding conditions. Building on this achievement, the Group secured major new contracts across freight forwarding, contract logistics and transportation, further strengthening its service offering in one of the GCC’s fastest-growing logistics markets.

In Saudi Arabia, the Group inaugurated GWC Al Nakheel, a Grade-A temperature-controlled cross-docking hub in Jeddah, expanding its capabilities to support temperature-sensitive supply chains and faster regional distribution.

Meanwhile, in the United Arab Emirates, GWC Group formalized a strategic partnership with Meydan Free Zone, becoming the integrated logistics partner for the Free Zone’s enterprises and further strengthening its ability to support regional and international businesses operating across the GCC.

Matthew Kearns, GWC Group CEO, said:

“This quarter validated the foundation we have built across the region. Having an established footprint across the GCC meant that when disruption struck, GWC Group could immediately engineer multimodal trade corridors, design customer-specific solutions, and keep supply chains moving. That regional presence is what transformed localized operational performance into group-wide impact, with Q2 2026 marking a threefold increase in Net Revenue contribution from international operations over the past two years.”

Kearns also credited the Group’s strong H1 2026 performance to the dedication, ingenuity, and collaborative execution of the entire GWC team across its regional operations, whose innovation and solution engineering reinforced customer confidence while enabling the Group to respond with greater speed, agility, and resilience throughout a period of regional disruption.

Strong H1 Performance Positions GWC Group for Full-Year Delivery

GWC Group closed the first half of 2026 with strong financial and operational performance, including a 95% client retention rate, reflecting the continued confidence customers place in the Group’s ability to deliver resilient, integrated logistics solutions and safeguard business continuity across the GCC.

Backed by a regional logistics platform spanning 20 strategic locations across the GCC, a global network extending to more than 120 countries through over 550 freight partners, more than four million square metres of logistics infrastructure, and the movement of more than two million tonnes of freight annually, GWC Group is well positioned to continue strengthening regional trade connectivity, enable resilient supply chains, and support customer growth across the GCC and beyond.