Lower demand hits profit at Oman’s listed companies

Listed companies in Oman recorded lower total net profit in 2025, as domestic demand dropped during the year. 

Total profits decreased 23 percent year on year to OR996 million ($2.6 billion).

“Lower domestic demand had a negative impact on the financial results, with the majority of listed companies posting lower profits in 2025,” a report from Muscat Stock Exchange said.

The bourse said 79 of the listed companies posted profits while 14 reported losses. 

Omantel, Oman’s largest telecommunications provider, topped the list of highest-earning companies with a net profit of $974 million followed by state-owned OQ Exploration and Production with a net profit of $760 million. 

The third-biggest earner was Bank Muscat, Oman’s largest lender, with $662 million.

The biggest loss-makers were Raysut Cement, Oman Fisheries Company and Majan Glass.

Despite the drop in profit and regional uncertainties caused by the Iran war, the exchange reported a 39 percent month-on-month market capitalisation rise of listed companies for March. 

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