QSE:MERS Balance Sheet

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

Millions QAR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	312.97	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	312.97	191.02	134.68	159.84	198.76	272.44
Cash Growth	45.55%	41.83%	-15.74%	-19.58%	-27.05%	-41.37%
Accounts Receivable	98.57	64.92	47.39	56.68	61.89	42.55
Other Receivables	-	34.41	37.58	18.29	64.67	11.78
Receivables	98.57	99.34	84.96	74.98	126.56	54.33
Inventory	316.56	312.31	302.01	345.03	301.98	208.46
Prepaid Expenses	-	4.4	4.48	5.05	4.23	5.16
Restricted Cash	70.43	71.04	74.35	79	86.71	-
Other Current Assets	-	7.11	16.69	22.56	13.17	91.11
Total Current Assets	798.52	685.21	617.17	686.46	731.4	631.5
Property, Plant & Equipment	1,615	1,642	1,632	1,480	1,505	1,523
Long-Term Investments	403.23	419.7	401.45	385.27	367.02	355.58
Goodwill	344.1	344.1	344.1	344.1	344.1	344.1
Other Intangible Assets	23.85	17.49	0	0.01	0.12	0.31
Long-Term Deferred Tax Assets	0.96	0.84	0.84	0.94	0.62	0.77
Other Long-Term Assets	15.83	15.72	15.4	14.99	15.23	-
Total Assets	3,201	3,125	3,011	2,911	2,963	2,855

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Accounts Payable	701.45	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	77.43	76.32	96.01	45.38	43.36	39.92
Current Portion of Leases	52.8	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	831.68	754.04	721.68	710.23	819.35	668.31
Long-Term Debt	526.37	535.64	408.76	284.5	244.05	278.01
Long-Term Leases	196.98	206.94	210.73	182.84	249.21	273.24
Pension & Post-Retirement Benefits	48.78	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	1,604	1,546	1,401	1,231	1,361	1,266

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Common Stock	206	206	206	206	200	200
Retained Earnings	1,358	1,317	1,351	1,411	1,341	1,293
Comprehensive Income & Other	-2.07	20.52	15.08	24.63	22.22	56.07
Total Common Equity	1,561	1,544	1,572	1,642	1,563	1,549
Minority Interest	35.97	35.91	37.56	38.2	39.23	40.28
Shareholders' Equity	1,597	1,580	1,610	1,680	1,602	1,590
Total Liabilities & Equity	3,201	3,125	3,011	2,911	2,963	2,855

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Total Debt	853.58	872.99	758.53	555.55	598.52	647.28
Net Cash (Debt)	-540.61	-681.98	-623.85	-395.71	-399.76	-374.83
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.63	-3.31	-3.03	-1.92	-1.94	-1.82
Filing Date Shares Outstanding	206	206	206	206	206	206
Total Common Shares Outstanding	206	206	206	206	206	206
Working Capital	-33.16	-68.84	-104.51	-23.77	-87.96	-36.81
Book Value Per Share	7.58	7.49	7.63	7.97	7.59	7.52
Tangible Book Value	1,194	1,182	1,228	1,298	1,219	1,205
Tangible Book Value Per Share	5.79	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