QSE:MERS Balance Sheet

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
Cash & Equivalents	189.91	133.66	158.83	197.53	243.1
Short-Term Investments	1.1	1.02	1.01	1.23	29.34
Cash & Short-Term Investments	191.02	134.68	159.84	198.76	272.44
Cash Growth	41.83%	-15.74%	-19.58%	-27.05%	-41.37%
Accounts Receivable	64.92	47.39	56.68	61.89	42.55
Other Receivables	34.41	37.58	18.29	64.67	11.78
Receivables	99.34	84.96	74.98	126.56	54.33
Inventory	312.31	302.01	345.03	301.98	208.46
Prepaid Expenses	4.4	4.48	5.05	4.23	5.16
Restricted Cash	71.04	74.35	79	86.71	-
Other Current Assets	7.11	16.69	22.56	13.17	91.11
Total Current Assets	685.21	617.17	686.46	731.4	631.5
Property, Plant & Equipment	1,642	1,632	1,480	1,505	1,523
Long-Term Investments	419.7	401.45	385.27	367.02	355.58
Goodwill	344.1	344.1	344.1	344.1	344.1
Other Intangible Assets	17.49	0	0.01	0.12	0.31
Long-Term Deferred Tax Assets	0.84	0.84	0.94	0.62	0.77
Other Long-Term Assets	15.72	15.4	14.99	15.23	-
Total Assets	3,125	3,011	2,911	2,963	2,855
Accounts Payable	422.36	375.79	414.2	507.46	373.32
Accrued Expenses	55.91	74.31	79.75	61.64	25.87
Current Portion of Long-Term Debt	76.32	96.01	45.38	43.36	39.92
Current Portion of Leases	54.09	43.03	42.83	61.89	56.11
Current Income Taxes Payable	0.23	0.21	0.18	0.17	0.2
Current Unearned Revenue	2.64	2.71	2.21	2.76	2.38
Other Current Liabilities	142.49	129.61	125.68	142.06	170.52
Total Current Liabilities	754.04	721.68	710.23	819.35	668.31
Long-Term Debt	535.64	408.76	284.5	244.05	278.01
Long-Term Leases	206.94	210.73	182.84	249.21	273.24
Pension & Post-Retirement Benefits	48.87	46.59	46.26	44.79	43.05
Long-Term Deferred Tax Liabilities	0.26	0.26	1.11	-	-
Other Long-Term Liabilities	-	13.22	6.28	3.67	3.19
Total Liabilities	1,546	1,401	1,231	1,361	1,266
Common Stock	206	206	206	200	200
Retained Earnings	1,317	1,351	1,411	1,341	1,293
Comprehensive Income & Other	20.52	15.08	24.63	22.22	56.07
Total Common Equity	1,544	1,572	1,642	1,563	1,549
Minority Interest	35.91	37.56	38.2	39.23	40.28
Shareholders' Equity	1,580	1,610	1,680	1,602	1,590
Total Liabilities & Equity	3,125	3,011	2,911	2,963	2,855
Total Debt	872.99	758.53	555.55	598.52	647.28
Net Cash (Debt)	-681.98	-623.85	-395.71	-399.76	-374.83
Net Cash Per Share	-3.31	-3.03	-1.92	-1.94	-1.82
Filing Date Shares Outstanding	206	206	206	206	206
Total Common Shares Outstanding	206	206	206	206	206
Working Capital	-68.84	-104.51	-23.77	-87.96	-36.81
Book Value Per Share	7.49	7.63	7.97	7.59	7.52
Tangible Book Value	1,182	1,228	1,298	1,219	1,205
Tangible Book Value Per Share	5.74	5.96	6.30	5.92	5.85
Land	36.3	36.3	36.3	36.3	5.92
Buildings	1,436	1,290	1,190	1,124	1,038
Machinery	479.53	480.76	460.41	430.38	409.14
Construction In Progress	14.64	196.01	123.74	105.89	182.55
Leasehold Improvements	254.31	154.41	148.5	129.89	122.76

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