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	Sep '26 Sep 30, 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	213.91	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	213.91	191.02	134.68	159.84	198.76	272.44
Cash Growth	1.77%	41.83%	-15.74%	-19.58%	-27.05%	-41.37%
Accounts Receivable	106.04	64.92	47.39	56.68	61.89	42.55
Other Receivables	-	34.41	37.58	18.29	64.67	11.78
Receivables	106.04	99.34	84.96	74.98	126.56	54.33
Inventory	315.29	312.31	302.01	345.03	301.98	208.46
Prepaid Expenses	-	4.4	4.48	5.05	4.23	5.16
Restricted Cash	69.18	71.04	74.35	79	86.71	-
Other Current Assets	-	7.11	16.69	22.56	13.17	91.11
Total Current Assets	704.42	685.21	617.17	686.46	731.4	631.5
Property, Plant & Equipment	1,577	1,642	1,632	1,480	1,505	1,523
Long-Term Investments	374.05	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	26.61	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	15.17	15.72	15.4	14.99	15.23	-
Total Assets	3,042	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	Sep '26 Sep 30, 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	626.3	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	88.52	76.32	96.01	45.38	43.36	39.92
Current Portion of Leases	52.01	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	766.83	754.04	721.68	710.23	819.35	668.31
Long-Term Debt	523.32	535.64	408.76	284.5	244.05	278.01
Long-Term Leases	181.14	206.94	210.73	182.84	249.21	273.24
Pension & Post-Retirement Benefits	48.77	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	1,520	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	Sep '26 Sep 30, 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	1,343	1,317	1,351	1,411	1,341	1,293
Comprehensive Income & Other	-62.92	20.52	15.08	24.63	22.22	56.07
Total Common Equity	1,486	1,544	1,572	1,642	1,563	1,549
Minority Interest	35.4	35.91	37.56	38.2	39.23	40.28
Shareholders' Equity	1,522	1,580	1,610	1,680	1,602	1,590
Total Liabilities & Equity	3,042	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	Sep '26 Sep 30, 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	844.99	872.99	758.53	555.55	598.52	647.28
Net Cash (Debt)	-631.09	-681.98	-623.85	-395.71	-399.76	-374.83
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.06	-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	-62.41	-68.84	-104.51	-23.77	-87.96	-36.81
Book Value Per Share	7.22	7.49	7.63	7.97	7.59	7.52
Tangible Book Value	1,116	1,182	1,228	1,298	1,219	1,205
Tangible Book Value Per Share	5.42	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