CEO Message
In 2025, Nakilat made substantial progress across its operations and strategic growth initiatives. A key milestone was the steel-cutting and keel-laying ceremonies marking the commencement of construction for 25 LNG vessels: 17 LNG carriers at Hyundai Heavy Industries (HHI) Shipyard, and 8 LNG carriers at Hanwha Ocean Shipyard, South Korea and 9 QC-Max LNG Vessels to be constructed at Hudong–Zhonghua Shipyards, China. These vessels, which are fully owned by Nakilat will be chartered under long-term agreements with QatarEnergy affiliates, supporting QatarEnergy’s historic LNG fleet expansion and strengthening the Company’s role in global energy security.
In parallel, Nakilat commenced the construction of six additional vessels at HD Hyundai Samho Heavy Industries (HSHI) Shipyard in South Korea, including two LNG carriers and four LPG/ammonia vessels, all of which will be owned by Nakilat. Keel-laying for three LNG vessels at Korean shipyards was successfully completed this year, marking important progress in our fleet expansion program. These milestones highlight the transition of our LNG fleet growth plan from strategy to execution, with the first vessel from this program expected for delivery by the end of 2026.
Nakilat’s operational performance reflects the dedication and professionalism of our team. We maintained an exceptional level of efficiency, achieving an operational reliability rate of 99.6%, while upholding the highest standards of safety. Our commitment to service excellence is further demonstrated by a high customer satisfaction rate of 95.3%, and the safe completion of the 700th Ship-to-Ship (STS) transfer of FSRU Exquisite highlights our ongoing focus on operational proficiency and reliability across our global operations.
In 2025, Nakilat’s leadership in sustainability and industry excellence was further reinforced. The Company was recognized among Forbes Middle East’s “Sustainability Leaders 2025” in the maritime transport and logistics sector and conducted an assessment of emissions across its value chain, positioning Nakilat as a pioneer company in Qatar to adopt this approach. Nakilat was also included once again in the Top 100 Listed Companies in the Middle East, underlining its continued prominence in the region’s maritime and energy logistics industry.
Nakilat’s financial performance in 2025 reflects the Company’s resilience and focus on sustainable growth. We achieved a net profit of QAR 1.69 billion, marking an increase compared to 2024, driven by operational efficiency, disciplined cost management, and the successful execution of strategic initiatives. These results underscore Nakilat’s ability to deliver strong and stable financial returns while advancing its long-term growth strategy.
Throughout this period of growth, our Customer Centricity Vision has continued to guide our actions. We remain committed to exceeding customer expectations at every touchpoint, ensuring that our expansion is complemented by the highest standards of excellence and underpinned by effective governance and performance assurance.
The achievements of 2025 reflect the dedication, expertise, and commitment of the entire Nakilat team. I extend my gratitude to all colleagues, partners, and shareholders for their continued support and collaboration.
As we look ahead to 2026 and beyond, I am confident in Nakilat’s trajectory. We will deliver the first of our new builds, further embed safety and sustainability in our operations, and continue to grow with our customers. Despite the evolving regulatory landscape and operational pressures faced by our industry, Nakilat is well prepared to respond with agility and resilience. Together, we will build the next chapter of Nakilat’s legacy, one defined by leadership, innovation, and responsible growth.
Eng. Abdullah Al-Sulaiti
Chief Executive Officer
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