QSE:MHAR 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	924.6	800.45	683.16	570.94	136.16
Revenue Growth (YoY)	15.51%	17.17%	19.66%	319.32%	-3.50%
Cost of Revenue	772.69	662.34	547.03	460.4	101.51
Gross Profit	151.92	138.1	136.12	110.54	34.64
Selling, General & Admin	124.05	114.18	119.4	95.67	31.7
Other Operating Expenses	-11.74	-11.72	-6.19	-7.2	-2.31
Operating Expenses	117.36	107.79	118.37	92.57	30.64
Operating Income	34.56	30.31	17.76	17.96	4.01
Interest Expense	-4.61	-5.76	-5.58	-3.97	-2.43
Interest & Investment Income	2.28	0.88	1.07	2.33	1.04
Earnings From Equity Investments	13.41	11.7	6.13	0.86	2.13
Currency Exchange Gain (Loss)	0.31	-1.27	-0.52	1.44	0.18
EBT Excluding Unusual Items	45.95	35.87	18.86	18.62	4.92
Gain (Loss) on Sale of Assets	3.68	0.88	3	0.59	0.43
Other Unusual Items	-	-	-	-	0.12
Pretax Income	49.63	36.74	21.86	19.2	5.47
Income Tax Expense	2.37	1.56	0.4	-	-0.01
Earnings From Continuing Operations	47.26	35.18	21.46	19.2	5.48
Minority Interest in Earnings	-0.2	2.89	6.71	1.13	-1.24
Net Income	47.06	38.08	28.17	20.33	4.25
Net Income to Common	47.06	38.08	28.17	20.33	4.25
Net Income Growth	23.58%	35.20%	38.53%	378.83%	-
Shares Outstanding (Basic)	207	207	207	153	10
Shares Outstanding (Diluted)	207	207	207	153	10
Shares Change (YoY)	-	-	35.27%	1430.27%	-
EPS (Basic)	0.23	0.18	0.14	0.13	0.42
EPS (Diluted)	0.23	0.18	0.14	0.13	0.42
EPS Growth	23.58%	35.20%	2.41%	-68.71%	-
Free Cash Flow	100.88	9.92	20.68	13.8	1.42
Free Cash Flow Per Share	0.49	0.05	0.10	0.09	0.14
Dividend Per Share	0.150	0.120	0.100	-	-
Dividend Growth	25.00%	20.00%	-	-	-
Gross Margin	16.43%	17.25%	19.93%	19.36%	25.44%
Operating Margin	3.74%	3.79%	2.60%	3.15%	2.94%
Profit Margin	5.09%	4.76%	4.12%	3.56%	3.12%
Free Cash Flow Margin	10.91%	1.24%	3.03%	2.42%	1.04%
EBITDA	49.46	44.58	31.16	30.61	10.55
EBITDA Margin	5.35%	5.57%	4.56%	5.36%	7.75%
D&A For EBITDA	14.9	14.27	13.41	12.64	6.54
EBIT	34.56	30.31	17.76	17.96	4.01
EBIT Margin	3.74%	3.79%	2.60%	3.15%	2.94%
Effective Tax Rate	4.78%	4.23%	1.81%	-	-
Advertising Expenses	1.95	1.67	1.36	0.51	0.08

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