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    Oil & Gas Refining & Marketing
Qatar Fuel Company Q.P.S.C.("WOQOD")

Qatar Fuel Company Q.P.S.C.("WOQOD")

QFLS.QA
Qatar Fuel Company Q.P.S.C.("WOQOD")QA flagQatar Stock Exchange
13.74
QAR
-0.19
- -
13.66BMarket Cap
Qatar Fuel Company Q.P.S.C.("WOQOD")
QFLS.QA
(Qatar Stock Exchange)

Recent

price

13.74

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
7.71
10.57
11.56
12.8
14.57
13.26
13.8
17.47
23.29
22.58
13.32
19.64
30.11
28.09
28.21
26.09
26.48
Revenue per Share
1.08
1.19
1.16
1.13
1.14
1.06
0.89
0.97
1.17
1.22
0.71
0.98
1.08
0.99
1.06
1.05
1.03
Basic EPS, GAAP
1.5
0.43
1.91
0.92
1.03
0.43
1.55
2.07
1.09
0.1
-0.4
1.32
1.65
1
0.81
0.99
0.61
Free Cash Flow per Basic Share
0.32
0.35
0.42
0.52
0.65
0.76
0.7
0.64
0.8
0.8
0.8
0.46
0.76
0.9
1.3
1
0.99
Dividend per Share
3.56
4.38
5.08
5.66
6.05
6.31
6.45
6.74
7.05
7.44
7.3
7.84
8.33
8.3
7.98
8.01
7.78
Book Value per Share
4.13
4.99
5.71
6.4
6.89
7.05
7.19
7.27
8.19
8.62
8.5
9.09
9.23
9.33
8.97
8.97
8.77
Tangible Book Value per Share
994
994
994
994
994
994
994
994
994
994
994
994
994
994
994
994
1,002
Basic Weighted Avg Shares
7,663
10,504
11,490
12,729
14,489
13,188
13,724
17,372
23,155
22,446
13,245
19,531
29,935
27,933
28,048
25,943
26,537
Sales/Revenue/Turnover
16.6
11.54
9.66
8.09
6.44
8.03
5.29
4.86
3.75
3.82
2.9
3.41
2.32
1.88
2.06
2.48
2.1
Operating Margin (%)
90
112
124
141
162
178
253
234
223
265
208
223
223
251
243
239
236
Depreciation Expense
1,074
1,184
1,150
1,123
1,133
1,050
883
964
1,160
1,216
707
974
1,070
984
1,052
1,040
1,031
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.18
0.18
- -
Effective Tax Rate (%)
14.02
11.27
10.01
8.82
7.82
7.96
6.43
5.55
5.01
5.42
5.34
4.99
3.57
3.52
3.75
4.01
3.88
Profit Margin (%)
2,658
2,987
3,754
3,904
3,959
2,990
2,935
3,112
1,987
1,753
1,737
972
1,445
1,397
650
838
566
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
25
105
119
110
82
92
115
1,071
953
LT Debt
4,237
5,095
5,806
6,497
6,988
7,140
7,282
7,362
8,279
8,702
8,587
9,177
9,313
9,414
9,065
9,084
8,929
Total Equity
33.12
25.99
20.37
16.75
13.83
15
10.13
11.63
11.18
10.14
4.44
7.5
7.52
5.61
6.24
6.71
5.95
Return on Invested Capital (%)
29.17
25.02
20.19
19.03
17.36
14.83
11.98
12.18
15.08
15.94
9.17
12.1
12.52
11.15
12.22
11.96
11.74
Return on Capital (%)
33.96
30.01
24.46
21.03
19.47
17.1
13.93
14.7
16.92
16.89
9.65
12.94
13.31
11.9
13.01
13.09
13.21
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
36
34
28
LT Borrowings
- -
- -
- -
LT Finance Leases
115
296
953
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
994
994
994
Market Capitalization
15,217
14,881
15,012

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,457
4,657
4,690
Cash, Cash Equivalents & STI
2,624
2,113
2,270
Accounts Receivable, Net
1,771
1,490
1,398
Inventories
637
634
630
Total Current Liabilities
4,807
4,400
4,124
Payables & Accruals
- -
- -
- -
ST Debt
36
34
28
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.53%
1.19%
0.22%
Free Cash Flow
-80.42%
-88.12%
21.68%
Net Income, GAAP
2.19%
9.06%
-1.18%
Sales/Revenue/Turnover
10.68%
17.39%
-7.51%
Total Cash Common Dividend
- -
12.5%
-23.08%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,832
7,107
7,333
6,730
28,048
2025
6,323
6,150
6,727
- -
25,943
2026
4,977
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
- -
- -
- -
1.06
2025
0.23
- -
- -
- -
1.05
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.88
- -
- -
- -
1.3
2025
0.6
- -
- -
- -
1
2026
0.49
- -
- -
- -
- -
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Business
Qatar Fuel Company Q.P.S.C. ("WOQOD") (Ticker: QFLS.QA) serves as Qatar's primary downstream oil storage, distribution and marketing company, exclusively handling the distribution of fuel needs within the State of Qatar; it sells, markets and distributes refined petroleum products including diesel, gasoline (such as QR Gasoline Super 95), aviation fuels (Jet A1), bunker fuels, liquefied petroleum gas (LPG) for commercial and cooking use, compressed natural gas (CNG), natural gas for industries, bitumen products (polymer modified bitumen, cutbacks, emulsions), engine oils, greases and branded lubricants; operates an extensive network of branded petrol stations offering convenience stores under the SIDRA name, mineral water under the Sidra brand, auto care services (oil changes, tire rotations, wheel alignments, mechanical repairs, car washes, batteries, accessories and spare parts), bulk fuel supply and ship-to-ship bunkering services; provides vehicle inspection services through its Fahas subsidiary, marine bunkering and vessel chartering via Woqod Marine Services, jet fuel supply through Qatar Jet Fuel Company (QJet), bitumen distribution, oil and gas transportation, and real estate services. WOQOD, founded in 2002 and headquartered in Doha, Qatar, primarily operates within the State of Qatar, serving commercial, industrial, government and retail customers across the oil and gas refining and marketing sector; it maintains subsidiaries including Qatar Jet Fuel Company QSC, WOQOD Vehicle Inspection Company (Fahas) SPC, WOQOD Marine Services Company SPC and WOQOD International Company SPC. Recent developments include the opening of the Al Nigyan-2 petrol station in July 2025, completion of construction for four additional petrol stations and one Fahas vehicle technical inspection center slated for 2025, signing of construction contracts in 2025 for three new stations in Al Wukair, Muaither-Al Wukair and Al-Sakhama areas, and ongoing dynamic expansion of its fuel station network alongside growth in jet fuel sales; the company reported consolidated net profits of QR1.052 billion for fiscal year 2024, QR230 million for Q1 2025, QR460 million for the first half of 2025 and QR752 million for the nine months ended September 30, 2025, with plans for final dividend distribution of QR0.60 per share in 2025.