QSE:MERS 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	2,910	2,809	2,837	2,811	2,821
Revenue Growth (YoY)	3.60%	-0.97%	0.90%	-0.33%	-17.23%
Cost of Revenue	2,369	2,339	2,308	2,283	2,269
Gross Profit	540.65	470.33	528.48	528.46	551.4
Selling, General & Admin	359.5	332.06	334.95	297.48	432.41
Other Operating Expenses	-87.44	-85.65	-91.59	-84.1	-82.03
Operating Expenses	395.14	355.86	353.97	332.74	350.37
Operating Income	145.51	114.47	174.52	195.72	201.02
Interest Expense	-41.66	-30.6	-22.13	-20.12	-20.07
Interest & Investment Income	21.28	37.1	28.7	20.28	14.53
Earnings From Equity Investments	0.05	-0.04	-0.03	-0.03	-0.04
Other Non Operating Income (Expenses)	16.57	-	-	-	-0.1
EBT Excluding Unusual Items	141.75	120.94	181.06	195.85	195.34
Pretax Income	141.75	120.94	181.06	195.85	195.34
Income Tax Expense	0.25	-0.53	0.94	0.3	-0.13
Earnings From Continuing Operations	141.51	121.47	180.12	195.55	195.46
Net Income to Company	141.51	121.47	180.12	195.55	195.46
Minority Interest in Earnings	1.65	0.64	1.03	1.06	0.79
Net Income	143.15	122.11	181.15	196.61	196.26
Net Income to Common	143.15	122.11	181.15	196.61	196.26
Net Income Growth	17.23%	-32.59%	-7.86%	0.18%	-6.11%
Shares Outstanding (Basic)	206	206	206	206	206
Shares Outstanding (Diluted)	206	206	206	206	206
EPS (Basic)	0.69	0.59	0.88	0.95	0.95
EPS (Diluted)	0.69	0.59	0.88	0.95	0.95
EPS Growth	17.23%	-32.59%	-7.86%	0.18%	-6.11%
Free Cash Flow	184.19	40.81	73.81	212.81	55.21
Free Cash Flow Per Share	0.89	0.20	0.36	1.03	0.27
Dividend Per Share	0.400	0.850	0.850	0.437	0.874
Dividend Growth	-52.94%	-	94.55%	-50.00%	-
Gross Margin	18.58%	16.74%	18.63%	18.80%	19.55%
Operating Margin	5.00%	4.08%	6.15%	6.96%	7.13%
Profit Margin	4.92%	4.35%	6.39%	6.99%	6.96%
Free Cash Flow Margin	6.33%	1.45%	2.60%	7.57%	1.96%
EBITDA	226.87	186.44	246.79	264.26	273.97
EBITDA Margin	7.80%	6.64%	8.70%	9.40%	9.71%
D&A For EBITDA	81.36	71.97	72.28	68.54	72.95
EBIT	145.51	114.47	174.52	195.72	201.02
EBIT Margin	5.00%	4.08%	6.15%	6.96%	7.13%
Effective Tax Rate	0.17%	-	0.52%	0.15%	-
Revenue as Reported	-	-	-	-	2,821
Advertising Expenses	10.11	13.02	9.65	10.1	10.62

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