QSE:MHAR Income Statement

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

Millions QAR. Fiscal year is Jan - Dec.

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
Revenue	924.2	924.6	800.45	683.16	570.94	136.16
Revenue Growth (YoY)	4.84%	15.51%	17.17%	19.66%	319.32%	-3.50%
Cost of Revenue	771.59	772.69	662.34	547.03	460.4	101.51
Gross Profit	152.62	151.92	138.1	136.12	110.54	34.64
Selling, General & Admin	120.45	124.05	114.18	119.4	95.67	31.7
Other Operating Expenses	-10.84	-11.74	-11.72	-6.19	-7.2	-2.31
Operating Expenses	114.46	117.36	107.79	118.37	92.57	30.64
Operating Income	38.16	34.56	30.31	17.76	17.96	4.01
Interest Expense	-4.51	-4.61	-5.76	-5.58	-3.97	-2.43
Interest & Investment Income	2.28	2.28	0.88	1.07	2.33	1.04
Earnings From Equity Investments	13.51	13.41	11.7	6.13	0.86	2.13
Currency Exchange Gain (Loss)	-1.49	0.31	-1.27	-0.52	1.44	0.18
Other Non Operating Income (Expenses)	0.3	-	-	-	-	-
EBT Excluding Unusual Items	48.25	45.95	35.87	18.86	18.62	4.92
Gain (Loss) on Sale of Assets	3.68	3.68	0.88	3	0.59	0.43
Other Unusual Items	-	-	-	-	-	0.12
Pretax Income	51.93	49.63	36.74	21.86	19.2	5.47
Income Tax Expense	2.47	2.37	1.56	0.4	-	-0.01
Earnings From Continuing Operations	49.46	47.26	35.18	21.46	19.2	5.48
Minority Interest in Earnings	0.1	-0.2	2.89	6.71	1.13	-1.24
Net Income	49.56	47.06	38.08	28.17	20.33	4.25
Net Income to Common	49.56	47.06	38.08	28.17	20.33	4.25
Net Income Growth	13.87%	23.58%	35.20%	38.53%	378.83%	-
Shares Outstanding (Basic)	209	207	207	207	153	10
Shares Outstanding (Diluted)	209	207	207	207	153	10
Shares Change (YoY)	3.10%	-	-	35.27%	1430.27%	-
EPS (Basic)	0.24	0.23	0.18	0.14	0.13	0.42
EPS (Diluted)	0.24	0.23	0.18	0.14	0.13	0.42
EPS Growth	10.45%	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	16.51%	16.43%	17.25%	19.93%	19.36%	25.44%
Operating Margin	4.13%	3.74%	3.79%	2.60%	3.15%	2.94%
Profit Margin	5.36%	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	53.21	49.46	44.58	31.16	30.61	10.55
EBITDA Margin	5.76%	5.35%	5.57%	4.56%	5.36%	7.75%
D&A For EBITDA	15.05	14.9	14.27	13.41	12.64	6.54
EBIT	38.16	34.56	30.31	17.76	17.96	4.01
EBIT Margin	4.13%	3.74%	3.79%	2.60%	3.15%	2.94%
Effective Tax Rate	4.76%	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.