Qatar Fuel Company Q.P.S.C., hereinafter referred to as (WOQOD) ‎or “WOQOD Group” or “the Group”, with code name “QFLS” on Qatar Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products, including at the airports and seaports, either by itself or through subsidiary ‎companies “QJET, FAHES & WOQOD Marine”, announced that its Board of Directors had held its annual meeting at 1:30 pm. on Wednesday, January 21st 2026, under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. The meeting was held at WOQOD Tower, where the Board discussed and approved the performance of the company's business operations and financial results of WOQOD Group for the year ended 31 December 2025.

WOQOD Group net profit for the year 2025 (excluding minority rights) amounted to QR 1,040 million, as compared to an amount of QR 1,052 million achieved in the year 2024, representing a decrease of 1%. Earnings per share for the year amounted to QR 1.05 as compared to QR 1.06 for the past year.

Based on the company's net profits in the year 2025 and considering the requirements of current and future projects, the Board has recommended to the Company's Annual Shareholders General Assembly, scheduled to be held on 16th February 2026 as an original date and 23rd February 2026 as an alternative date, for approving the distribution of final dividend to shareholders worth QR 0.9 per share. After netting the interim dividend paid of QR 0.4 per share, the remaining final dividend amount of QR 0.5 per share will be distributed to the shareholders through the regulatory authority “EDAA”

The year 2025 witnessed a 1% increase in total fuel sales volume, compared to 2024. Total fuel sales reached a record high of 11.4 billion liters compared to 11.3 billion liters for the year 2024, mainly driven by the increase in the volume of sales of gasoline, which also recorded the highest annual sales volume in the company's history amounting to 3.1 billion liters in 2025.

Mr. Saad Rashid Al-Muhannadi, Managing Director and CEO explained that the company witnessed significant improvement in security and safety levels during the year 2025. In recognition of the Company’s strong safety performance, Mr. Al-Muhannadi further stated that WOQOD was awarded the RoSPA Gold Award in 2025 for Occupational Health, Safety Management Systems, and Fleet Safety.

In the field of petrol stations projects, Mr. Al-Muhannadi ‎pointed out that the year 2025 has witnessed the opening of three new petrol stations, bringing the total number of operational stations to 128. Construction is currently underway for four new petrol stations, in addition to one vehicle inspection center. He added that WOQOD intends to complete the construction of ten petrol stations during 2026 in order to meet fuel demand levels, emphasizing that WOQOD's plan for the construction of petrol stations is a dynamic plan where stations are ‎built on as and when required basis.

Mr. Al-Muhannadi also pointed out that WOQOD, due to its strong performance, has ranked 3rd among companies listed on the Qatar Stock Exchange in the field of environment, governance, and social responsibility (ESG).

On the other hand, Mr. Al- Muhannadi indicated that the Board has reviewed and approved the steps taken ‎regarding the membership elections of the Board of Directors for the upcoming session "2026-2028", in implementation of the Board’s Resolution dated 16th Nov 2025, as well as the list of candidates competing for the required four Board seats. The Board resolved to submit the list to the relevant regulatory authorities for taking notice and appropriate process, and thereafter to the General Assembly of WOQOD Shareholders, scheduled to convene on 16th February 2026, where the elections will be conducted and announcing the elected candidates for the four seats.

In conclusion, Mr. Al-Muhannadi pointed out that WOQOD will continue its efforts aimed at enhancing the benefits of its valued shareholders, through a range of new and appropriate initiatives. He further confirmed that the Company will take all necessary steps toward the development and modernization in line with the State’s public policy, while ensuring the continuous supply of fuel and other related products in accordance with the highest internationally recognized standards in health, security, safety, and environmental considerations.