Baladna Q.P.S.C. (QSE:BLDN)

Baladna Q.P.S.C. Income Statement

Financials in millions QAR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,268	1,145	1,057	985.62	772.97
Revenue Growth (YoY)	10.71%	8.37%	7.22%	27.51%	2.77%
Cost of Revenue	994.48	930.19	924.61	844.61	628.64
Gross Profit	273.36	215.04	132.15	141.01	144.32
Selling, General & Admin	176.69	167.36	162.34	173.66	164.57
Other Operating Expenses	-93.04	-114.05	-117.6	-117.63	-127.87
Operating Expenses	83.65	53.31	44.74	56.03	36.69
Operating Income	189.71	161.73	87.41	84.98	107.63
Interest Expense	-78.47	-58.92	-68.12	-59.99	-38.43
Interest & Investment Income	-	-	2.28	11.45	-
Currency Exchange Gain (Loss)	-	-	-3.33	-0.18	2.32
Other Non Operating Income (Expenses)	-35.79	-	-	-0.1	-0.3
EBT Excluding Unusual Items	75.45	102.82	18.24	36.17	71.23
Gain (Loss) on Sale of Investments	408.01	37.96	30.2	-23.25	10.83
Gain (Loss) on Sale of Assets	0.2	0.12	0.06	-0.19	0.03
Asset Writedown	56.41	45.3	61.5	68.9	52.47
Other Unusual Items	-	-	-	-	-0.09
Pretax Income	540.07	186.19	110	81.63	134.46
Income Tax Expense	1.29	0.89	0.61	1.01	0.63
Earnings From Continuing Operations	538.78	185.3	109.39	80.61	133.84
Minority Interest in Earnings	0.96	-0.29	0.24	-	-
Net Income	539.74	185.01	109.63	80.61	133.84
Net Income to Common	539.74	185.01	109.63	80.61	133.84
Net Income Growth	191.73%	68.76%	36.00%	-39.77%	-4.69%
Shares Outstanding (Basic)	2,144	2,144	2,144	2,144	2,144
Shares Outstanding (Diluted)	2,144	2,144	2,144	2,144	2,144
Shares Change (YoY)	-	-	-	-	2.33%
EPS (Basic)	0.25	0.09	0.05	0.04	0.06
EPS (Diluted)	0.25	0.09	0.05	0.04	0.06
EPS Growth	191.73%	68.76%	36.00%	-39.77%	-6.86%
Free Cash Flow	11.25	110.16	-64.69	-332.02	-4.44
Free Cash Flow Per Share	0.01	0.05	-0.03	-0.15	-0.00
Dividend Per Share	-	-	0.062	-	0.047
Dividend Growth	-	-	-	-	-22.38%
Gross Margin	21.56%	18.78%	12.50%	14.31%	18.67%
Operating Margin	14.96%	14.12%	8.27%	8.62%	13.92%
Profit Margin	42.57%	16.16%	10.37%	8.18%	17.32%
Free Cash Flow Margin	0.89%	9.62%	-6.12%	-33.69%	-0.57%
EBITDA	329.45	285.42	217.84	212.74	220.62
EBITDA Margin	25.99%	24.92%	20.61%	21.58%	28.54%
D&A For EBITDA	139.74	123.69	130.42	127.76	112.99
EBIT	189.71	161.73	87.41	84.98	107.63
EBIT Margin	14.96%	14.12%	8.27%	8.62%	13.92%
Effective Tax Rate	0.24%	0.48%	0.55%	1.24%	0.47%
Advertising Expenses	36.85	31.04	28.75	28.56	31.31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.