Baladna Q.P.S.C.

Baladna Q.P.S.C.

BLDN.QA
Baladna Q.P.S.C.QA flagQatar Stock Exchange
1.33
QAR
-0.01
- -
2.86BMarket Cap
Baladna Q.P.S.C.
BLDN.QA
(Qatar Stock Exchange)

Recent

price

1.33

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2020
2021
2022
2023
2024
2025
TTM
FRC
0.04
0.11
0.42
0.39
0.49
0.53
0.57
0.59
0.56
Revenue per Share
-0.02
0.01
0.08
0.07
0.04
0.05
0.09
0.25
0.19
Basic EPS, GAAP
-0.71
-0.41
0.04
- -
-0.17
-0.03
0.05
0.02
0.06
Free Cash Flow per Basic Share
- -
- -
0.02
0.05
0.05
- -
0.07
- -
- -
Dividend per Share
0.31
0.31
1.04
1.02
1
1.05
1.07
1.22
1.15
Book Value per Share
0.31
0.31
1.14
1.13
1.12
1.17
1.2
1.54
1.28
Tangible Book Value per Share
2,001
2,001
1,956
2,001
2,001
2,001
2,001
2,144
2,144
Basic Weighted Avg Shares
89
216
815
773
986
1,057
1,145
1,268
1,193
Sales/Revenue/Turnover
-61.07
9.8
23.43
20
14.93
13.38
17.46
18.77
18.64
Operating Margin (%)
21
76
129
126
141
143
135
152
141
Depreciation Expense
-43
12
152
134
81
110
185
540
416
Net Income, GAAP
- -
- -
0.15
0.47
1.24
0.55
0.48
0.24
0.29
Effective Tax Rate (%)
-48.11
5.59
18.67
17.31
8.18
10.37
16.16
42.57
34.83
Profit Margin (%)
186
76
321
208
312
314
198
402
95
Working Capital
1,183
1,979
1,037
1,222
1,643
1,833
1,786
2,026
1,730
LT Debt
619
626
2,241
2,271
2,249
2,358
2,407
3,320
2,766
Total Equity
- -
0.91
6.13
4.31
3.68
3.22
4.31
4.5
4.63
Return on Invested Capital (%)
- -
1.02
6.44
5.15
3.77
4.3
5.59
12.44
10.73
Return on Capital (%)
- -
1.94
11.48
6.58
3.98
5.33
8.72
22.75
18.3
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
472
583
536
LT Borrowings
1,708
1,669
1,643
LT Finance Leases
78
100
87
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,001
2,001
2,001
Market Capitalization
2,704
2,453
2,701

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
887
967
827
Cash, Cash Equivalents & STI
28
32
72
Accounts Receivable, Net
114
443
158
Inventories
431
437
432
Total Current Liabilities
689
801
733
Payables & Accruals
- -
- -
- -
ST Debt
472
583
536
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.04%
37.94%
Free Cash Flow
- -
925.7%
-58%
Net Income, GAAP
- -
48.94%
191.73%
Sales/Revenue/Turnover
- -
9.74%
10.71%
Total Cash Common Dividend
- -
1,815.03%
-99.19%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
313
282
264
286
1,145
2025
331
312
326
- -
1,268
2026
330
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.03
0.02
- -
0.09
2025
0.03
- -
- -
- -
0.25
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
- -
- -
- -
0.07
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Baladna Q.P.S.C. is Qatar's largest locally owned food and dairy producer, founded in 2014 and headquartered in Al Khor, Qatar. The company manufactures and sells a comprehensive range of dairy and beverage products including fresh milk, UHT milk, long-life milk, high-protein milk, evaporated milk, labneh, desserts, yoghurt, various types of cheese, fresh and sterilized creams, laban and ayran milk drinks, chilled, UHT, and long-life juices, as well as meat products and organic fertilizers. Additionally, Baladna produces household cleaning products such as liquid and powder detergents, dishwashing liquids, hand sanitizers, hand washing liquids, cleaning materials for tiles, porcelain, glass, mirrors, soaps, and cosmetics, marketed primarily under the Baladna and Awafi brands. The company serves retail chains, hotels, restaurants, cafes, and end consumers in Qatar and plans expansion into regional and international markets. In recent major developments, Baladna has delivered record operational and financial performance in 2025 and proposed a 24% capital increase via a rights issue to fund its strategic growth initiatives. Its board has approved a $250 million investment to establish an integrated industrial complex in Syria, including dairy production, juice, plastic packaging, and water treatment facilities, positioning Baladna as a first mover in a market with significant growth potential. The company is also actively exploring expansion opportunities into selected African markets to address fast-growing populations and support food self-sufficiency goals. These initiatives mark Baladna's strategic shift from a national Qatari champion to a regional powerhouse aiming to become a top dairy and beverage producer in the MENA and international markets. Baladna operates primarily in the packaged foods and consumer staples sectors, supplying over 95% of Qatar’s fresh dairy products and leveraging a scalable farm-to-shelf platform. The company is part of Power International Holding and targets markets across the Middle East and potential expansion in Africa. Its product portfolio and manufacturing capabilities reflect a vertically integrated approach supporting national food security and catering to both domestic and regional consumer demands. Baladna’s corporate headquarters are located in Al Khor, Qatar. This comprehensive operational and product footprint, combined with strong recent growth and expansion investments, positions Baladna as a leading food and dairy industry player with robust strategic ambitions beyond its core domestic market.