Public Joint-Stock Companies Achieve RO 757.2M Net Profit in H1: Key Insights for Investors and Business Owners in Oman
Net profits of public joint-stock companies listed on the Muscat Stock Exchange (MSX) reached RO 757.2 million in the first half of 2025, marking a 14.1 percent increase from RO 663.3 million during the same period last year, according to preliminary financial results.
This growth is attributed to stronger economic expansion, increased domestic demand, and corporate efforts to diversify products and boost exports. A total of 76 companies reported profits. Leading the market was OQ Exploration and Production with RO 166 million, followed by Bank Muscat at RO 125.8 million, Sohar International at RO 46.2 million, Omantel at RO 35.1 million, and the National Bank of Oman at RO 34 million.
Losses among listed firms rose slightly to RO 8.6 million from RO 8 million a year earlier. Seventeen companies reported losses, with Raysut Cement recording the highest loss of RO 2.9 million, followed by Oman Fisheries at RO 1.1 million.
The financial sector demonstrated the strongest performance, with net profits increasing by 25.7 percent to RO 345.1 million. Banks accounted for RO 275.9 million of this figure, while insurers returned to profitability and finance companies boosted earnings to RO 13.1 million.
The utilities sector saw a significant 46.3 percent profit increase to RO 73.6 million, supported by Sohar Power and Barka Water and Power, which moved from losses to profits. Oil marketing companies also improved their results, with earnings rising to RO 9.6 million.
Contrastingly, the telecommunications sector experienced a decline in profits, falling to RO 38.7 million from RO 43.8 million. Omantel’s domestic profits decreased to RO 35.1 million, and Ooredoo’s profits fell to RO 3.6 million. However, Omantel Group’s consolidated profit surged to RO 161.1 million from RO 110.2 million, bolstered by its 21.9 percent stake in Kuwait’s Zain Group.
Industrial companies exhibited a strong recovery, with profits doubling to RO 64.4 million. OQ Basic Industries led this segment with RO 22.7 million, while Oman Cables, Voltamp Energy, Oman Cement, and Oman Flour Mills also reported gains. Losses in the sector narrowed to RO 6.2 million as several firms returned to profitability.
This robust corporate performance has positively impacted the Muscat Stock Exchange, where share prices, trading volumes, and liquidity have all increased in recent weeks. – ONA
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The robust 14.1% rise in net profits of public joint-stock companies signifies strong economic momentum and sectoral diversification in Oman، تقديم promising growth opportunities for investors and entrepreneurs. Smart investors should focus on the booming financial and utilities sectors, while being cautious of telecom’s softness, as these trends highlight the shifting landscape of profitable ventures in the Sultanate.
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