OQ sets the pace with over RO 22 billion in profit highlighting growing demand in Oman’s industrial sector

According to preliminary, unaudited financial results, the company delivered strong performance across all key indicators. The impressive growth was driven by disciplined spending, reduced operating costs, and strategic financial restructuring, all of which supported sustainable growth.

Revenues in the first six months of 2025 rose to approximately RO 112.37 million, marking a 7.7% increase compared to RO 104.3 million recorded in the same period of 2024. At the same time, total expenses fell significantly—dropping by 10.5% to RO 89.6 million from last year’s RO 100.1 million.

Ahmed bin Saeed Al Barami, Chief Financial Officer of OQ Basic Industries, attributed the record-breaking profits to efficient cost management and successful rescheduling of financing at more favorable interest rates.

He added that the results reinforce OQ’s strategic positioning for continued growth in the second half of the year and highlight the company’s commitment to enhancing shareholder value while cementing its role as a leading investment pillar in Oman’s industrial sector.

Source: OQ sets the pace with over RO 22 billion in profit highlighting growing demand in Oman's industrial sector - The Arabian Stories News