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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,267	1,268	1,145	1,057	985.62	772.97
Revenue Growth (YoY)	8.97%	10.71%	8.37%	7.22%	27.51%	2.77%
Cost of Revenue	974.71	994.48	930.19	924.61	844.61	628.64
Gross Profit	292.6	273.36	215.04	132.15	141.01	144.32
Selling, General & Admin	176.88	176.69	167.36	162.34	173.66	164.57
Other Operating Expenses	-87.83	-93.04	-114.05	-117.6	-117.63	-127.87
Operating Expenses	89.05	83.65	53.31	44.74	56.03	36.69
Operating Income	203.56	189.71	161.73	87.41	84.98	107.63
Interest Expense	-77.97	-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	-35.79	-	-	-0.1	-0.3
EBT Excluding Unusual Items	89.8	75.45	102.82	18.24	36.17	71.23
Gain (Loss) on Sale of Investments	396.73	408.01	37.96	30.2	-23.25	10.83
Gain (Loss) on Sale of Assets	0.2	0.2	0.12	0.06	-0.19	0.03
Asset Writedown	56.41	56.41	45.3	61.5	68.9	52.47
Other Unusual Items	-	-	-	-	-	-0.09
Pretax Income	543.14	540.07	186.19	110	81.63	134.46
Income Tax Expense	1.43	1.29	0.89	0.61	1.01	0.63
Earnings From Continuing Operations	541.7	538.78	185.3	109.39	80.61	133.84
Minority Interest in Earnings	1.3	0.96	-0.29	0.24	-	-
Net Income	543	539.74	185.01	109.63	80.61	133.84
Net Income to Common	543	539.74	185.01	109.63	80.61	133.84
Net Income Growth	178.47%	191.73%	68.76%	36.00%	-39.77%	-4.69%
Shares Outstanding (Basic)	2,135	2,144	2,144	2,144	2,144	2,144
Shares Outstanding (Diluted)	2,135	2,144	2,144	2,144	2,144	2,144
Shares Change (YoY)	-0.57%	-	-	-	-	2.33%
EPS (Basic)	0.25	0.25	0.09	0.05	0.04	0.06
EPS (Diluted)	0.25	0.25	0.09	0.05	0.04	0.06
EPS Growth	180.07%	191.73%	68.76%	36.00%	-39.77%	-6.86%
Free Cash Flow	67.21	11.25	110.16	-64.69	-332.02	-4.44
Free Cash Flow Per Share	0.03	0.01	0.05	-0.03	-0.15	-0.00
Dividend Per Share	-	-	-	0.062	-	0.047
Dividend Growth	-	-	-	-	-	-22.38%
Gross Margin	23.09%	21.56%	18.78%	12.50%	14.31%	18.67%
Operating Margin	16.06%	14.96%	14.12%	8.27%	8.62%	13.92%
Profit Margin	42.85%	42.57%	16.16%	10.37%	8.18%	17.32%
Free Cash Flow Margin	5.30%	0.89%	9.62%	-6.12%	-33.69%	-0.57%
EBITDA	345.32	329.45	285.42	217.84	212.74	220.62
EBITDA Margin	27.25%	25.99%	24.92%	20.61%	21.58%	28.54%
D&A For EBITDA	141.76	139.74	123.69	130.42	127.76	112.99
EBIT	203.56	189.71	161.73	87.41	84.98	107.63
EBIT Margin	16.06%	14.96%	14.12%	8.27%	8.62%	13.92%
Effective Tax Rate	0.26%	0.24%	0.48%	0.55%	1.24%	0.47%
Advertising Expenses	-	36.85	31.04	28.75	28.56	31.31

Source: S&P Global Market Intelligence. Standard template. Financial Sources.