Gulf Warehousing Company Q.P.S.C.

Gulf Warehousing Company Q.P.S.C.

GWCS.QA
Gulf Warehousing Company Q.P.S.C.QA flagQatar Stock Exchange
2.28
QAR
+0.01
- -
1.34BMarket Cap
Gulf Warehousing Company Q.P.S.C.
GWCS.QA
(Qatar Stock Exchange)

Recent

price

2.28

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.27
0.4
0.92
1.01
1.26
1.53
1.46
1.67
2.1
2.08
2.11
2.22
2.59
2.57
2.7
2.36
2.64
Revenue per Share
0.16
0.06
0.16
0.2
0.27
0.36
0.35
0.37
0.39
0.43
0.4
0.38
0.41
0.37
0.29
0.2
0.22
Basic EPS, GAAP
-0.36
-0.12
-0.46
-0.18
-0.06
-0.41
-0.8
0.2
0.65
0.44
0.15
0.05
-0.03
0.12
0.51
0.83
0.53
Free Cash Flow per Basic Share
- -
0.02
0.11
- -
0.14
0.14
0.15
0.16
0.17
0.19
0.2
0.1
0.1
0.1
0.11
0.1
0.1
Dividend per Share
0.86
0.44
0.93
1.1
1.22
1.45
1.66
1.75
1.9
2.12
2.31
2.59
2.87
3.13
3.3
3.4
3.3
Book Value per Share
1.06
0.51
1.07
1.27
1.41
2.49
2.39
2.48
2.61
2.85
3.05
3.35
3.63
3.89
4.06
4.16
4.06
Tangible Book Value per Share
329
1,042
521
521
521
514
581
586
586
586
586
586
586
586
586
586
586
Basic Weighted Avg Shares
88
420
480
527
657
788
850
981
1,232
1,222
1,234
1,304
1,519
1,508
1,583
1,382
1,547
Sales/Revenue/Turnover
22.02
15.29
19.34
23.1
22.11
23.9
25.29
26.49
25.48
25.76
23.99
22.08
20.15
21.49
18.98
16.2
16.54
Operating Margin (%)
19
40
46
63
80
95
107
128
183
171
161
163
172
207
239
224
240
Depreciation Expense
51
62
85
102
140
185
206
215
227
250
236
225
240
215
172
120
130
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
0.05
- -
0.7
0.99
0.94
0.73
1.26
1.07
1.26
Effective Tax Rate (%)
58.25
14.71
17.7
19.27
21.35
23.5
24.21
21.96
18.41
20.42
19.13
17.25
15.77
14.26
10.86
8.69
8.43
Profit Margin (%)
77
123
162
127
197
790
501
284
373
256
216
90
6
-104
-181
330
-179
Working Capital
189
346
667
772
995
1,232
1,682
1,816
1,743
1,494
1,533
1,435
1,467
1,680
1,434
1,901
1,351
LT Debt
349
687
707
803
869
1,407
1,516
1,573
1,661
1,792
1,905
2,083
2,244
2,403
2,506
2,562
2,498
Total Equity
4.02
7.65
7.21
7.6
7.95
8.06
7.01
7.42
8.68
8.82
8.1
7.45
7.41
7.24
6.44
4.79
5.58
Return on Invested Capital (%)
12.3
9.74
9.51
9.6
11.02
11.57
9.85
9.06
10.43
11.09
9.56
8.35
6.71
5.64
4.39
3.03
3.39
Return on Capital (%)
19.67
16.58
17.89
19.14
23.19
26.87
24.05
21.64
21.25
21.2
18.16
15.66
14.99
12.25
9.13
6.11
6.86
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
658
634
608
LT Borrowings
1,224
1,194
1,142
LT Finance Leases
210
206
209
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
586
586
586
Market Capitalization
1,975
1,817
1,723

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
857
797
755
Cash, Cash Equivalents & STI
178
74
54
Accounts Receivable, Net
435
438
443
Inventories
7
7
7
Total Current Liabilities
1,038
976
934
Payables & Accruals
- -
- -
- -
ST Debt
658
634
608
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.2%
6.14%
2.25%
Free Cash Flow
-21.48%
-66.23%
60.93%
Net Income, GAAP
-3.3%
-11.73%
-30.16%
Sales/Revenue/Turnover
6.27%
2.74%
-12.7%
Total Cash Common Dividend
- -
- -
-9.09%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
376
373
443
391
1,583
2025
368
345
336
- -
1,382
2026
318
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.08
0.08
- -
0.29
2025
0.06
0.04
- -
- -
0.2
2026
0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
0.11
2025
0.1
- -
- -
- -
0.1
2026
0.1
- -
- -
- -
- -
Business
Gulf Warehousing Company Q.P.S.C. Gulf Warehousing Company Q.P.S.C. (GWCS.QA) operates as Qatar's leading provider of comprehensive logistics and supply chain solutions, offering end-to-end services including contract logistics with warehousing, inventory management, and distribution across multiple facilities; freight forwarding via land, air, and sea; hazardous materials (Hazmat) and pharmaceutical logistics; global e-commerce fulfillment with last-mile delivery and integrations for platforms like Amazon and Shopify; inland transportation with one of Qatar's largest vehicle fleets; project logistics for heavy equipment and turnkey solutions; records and asset management with digitization and secure destruction; relocations for international moving; event and sports logistics; fine art and equestrian transport; shipping agency services; and consulting for supply chain optimization. The company serves diverse sectors such as oil and gas, retail, FMCG, healthcare, banking, government, shipping, aviation, NGOs, sports and event management, fine art, and small to medium enterprises, primarily targeting Qatar, the GCC region including Saudi Arabia and Oman, and extending internationally through strategic hubs. Established in 2004 as a Qatari shareholding company and headquartered at D Ring Road, Building 92, Doha, Qatar, GWCS.QA maintains full ownership of key subsidiaries like Flag Logistics Services W.L.L., GWC Logistics Holding L.L.C., and branches in Saudi Arabia (Riyadh, Dammam, Jeddah), alongside operational presence in Oman via FLAG Oman Distribution Centre in Khazaen Economic City. In recent developments, GWCS.QA acquired a strategic minority stake in Quivo, an Austria-based logistics technology firm, in 2025 to enhance e-commerce capabilities and expand into Europe and the US, integrating Quivo's software across its Qatar, UAE, and Saudi facilities; signed a Head of Terms with GFH Financial Group in 2024 for 200,000 square meters of Grade A logistics infrastructure in Riyadh, Jeddah, and Dammam, Saudi Arabia; entered a Memorandum of Understanding via subsidiary GWC Energy Services with Saudi Offshore Fabrication Company for 100,000 square meters at Ras Al-Khair Industrial Port; launched FLAG Oman in 2024 to bolster GCC trade; renewed a five-year logistics agreement with Qatar Airways in 2025; and advanced sustainability with AI-driven systems, a sewage treatment plant earning Tarsheed's Best Water Recycling award, and recognition in Forbes Middle East Sustainability Leaders 2025. These initiatives underscore GWCS.QA's focus on technological innovation, regional expansion aligned with Saudi Vision 2030, and infrastructure development totaling over 4 million square meters, positioning it as a key enabler of Qatar's economic diversification and global logistics connectivity.