QSE:GWCS Income Statement

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

Millions QAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,382	1,583	1,508	1,519	1,304
Revenue Growth (YoY)	-12.70%	4.93%	-0.70%	16.49%	5.68%
Cost of Revenue	1,008	1,150	1,045	1,082	901.46
Gross Profit	373.8	433.06	463	436.84	402.38
Selling, General & Admin	149.94	132.69	138.8	130.83	114.5
Other Operating Expenses	-10.38	-10.29	-2.76	-0.73	-0.85
Operating Expenses	141.37	126.89	139.95	130.1	113.65
Operating Income	232.43	306.17	323.04	306.74	288.73
Interest Expense	-108.58	-132.27	-103.81	-55.82	-56.54
Interest & Investment Income	4.02	2.82	2.53	0.22	0.97
EBT Excluding Unusual Items	127.86	176.71	221.76	251.14	233.16
Gain (Loss) on Sale of Assets	-	-	-	0.1	0.09
Asset Writedown	-	-	-	0.39	0.46
Pretax Income	127.86	176.71	221.76	251.62	233.71
Income Tax Expense	1.37	2.22	1.62	2.37	2.32
Earnings From Continuing Operations	126.49	174.49	220.14	249.24	231.39
Minority Interest in Earnings	-6.44	-2.6	-5.1	-9.66	-6.45
Net Income	120.05	171.89	215.04	239.58	224.94
Net Income to Common	120.05	171.89	215.04	239.58	224.94
Net Income Growth	-30.16%	-20.07%	-10.24%	6.51%	-4.68%
Shares Outstanding (Basic)	586	586	586	586	586
Shares Outstanding (Diluted)	586	586	586	586	586
EPS (Basic)	0.20	0.29	0.37	0.41	0.38
EPS (Diluted)	0.20	0.29	0.37	0.41	0.38
EPS Growth	-30.16%	-20.07%	-10.24%	6.51%	-4.68%
Free Cash Flow	485.25	301.52	69.75	-17.22	31.43
Free Cash Flow Per Share	0.83	0.52	0.12	-0.03	0.05
Dividend Per Share	0.100	0.100	0.110	0.100	0.100
Dividend Growth	-	-9.09%	10.00%	-	-
Gross Margin	27.05%	27.36%	30.70%	28.76%	30.86%
Operating Margin	16.82%	19.35%	21.42%	20.20%	22.14%
Profit Margin	8.69%	10.86%	14.26%	15.77%	17.25%
Free Cash Flow Margin	35.12%	19.05%	4.62%	-1.13%	2.41%
EBITDA	432.15	523.47	511.4	464.86	437.3
EBITDA Margin	31.28%	33.08%	33.91%	30.61%	33.54%
D&A For EBITDA	199.72	217.3	188.35	158.13	148.57
EBIT	232.43	306.17	323.04	306.74	288.73
EBIT Margin	16.82%	19.35%	21.42%	20.20%	22.14%
Effective Tax Rate	1.07%	1.26%	0.73%	0.94%	0.99%
Advertising Expenses	2.27	6.41	2.04	2.79	1.64

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