OQ posts RO 641 million profit in 2025

MUSCAT: OQ Group delivered a robust financial performance in 2025, reporting a net profit of RO 641 million, up 25 per cent year-on-year, underpinned by strong operational execution across its integrated energy portfolio.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 23 per cent to RO 1.348 billion, reflecting improved efficiencies and resilience amidst ongoing volatility in global energy markets.
Total assets reached approximately RO 13 billion by year-end, highlighting the Group’s disciplined financial management, including cost optimisation and capital structure improvements.
Domestic expenditure increased by 19 per cent to RO 467 million, with around RO 117 million directed towards small and medium enterprises, reinforcing OQ’s role in supporting local supply chains and private sector development.
The Group also advanced its social investment agenda, implementing 256 initiatives valued at RO 12 million. These programmes focused on healthcare, education, environmental stewardship, youth development and community engagement, aligning with national development priorities.
On sustainability, OQ achieved 100 per cent of its 2025 carbon reduction targets, maintaining progress towards its longer-term goal of reducing emissions by 25 per cent by 2030.
Operational safety performance remained strong, with more than 47 million work hours completed without fatalities for the third consecutive year, alongside a reduction in lost-time injuries to record low levels.
In a further boost to investor confidence, OQ secured an investment-grade credit rating of BBB- with a stable outlook, underscoring the strength of its financial position and the durability of its cash flows as it continues to expand and diversify. — ONA