QSE:MRDS 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
Rental Revenue	149.33	139.2	122.34	121.87	32.74
Property Management Fees	-	-	-	-	0.82
Other Revenue	0.22	0.28	1.08	0.11	-0.35
Total Revenue	149.55	139.49	123.42	121.98	103.73
Revenue Growth (YoY	7.22%	13.02%	1.18%	17.59%	3.85%
Property Expenses	17.84	19.37	9.71	11.46	12.87
Selling, General & Administrative	28.93	29.88	32.7	26.43	25.42
Depreciation & Amortization	-	-	-	-	1.71
Other Operating Expenses	-7.87	-1.55	-1.59	-	-
Total Operating Expenses	38.89	47.71	40.82	37.88	39.99
Operating Income	110.66	91.78	82.6	84.1	63.74
Interest Expense	-76.71	-76.99	-57.8	-42.31	-44.64
Interest & Investment Income	3.58	6.91	11.12	0.05	0.3
Other Non-Operating Income	-	-	-	1.09	0.41
EBT Excluding Unusual Items	37.53	21.69	35.93	42.92	19.81
Gain (Loss) on Sale of Investments	-1.5	-7.5	-1.5	-1.5	-1.5
Gain (Loss) on Sale of Assets	-	1.69	0.23	-	-
Asset Writedown	-	-	17.11	-	-266.7
Total Legal Settlements	18.52	-85.87	-21.64	-	-
Pretax Income	54.56	-69.99	30.13	41.42	-248.4
Income Tax Expense	0.5	-	0.45	0.41	0.35
Net Income	54.06	-69.99	29.69	41.01	-248.75
Net Income to Common	54.06	-69.99	29.69	41.01	-248.75
Net Income Growth	-	-	-27.61%	-	-
Basic Shares Outstanding	1,000	1,000	1,145	1,158	1,158
Diluted Shares Outstanding	1,000	1,000	1,145	1,158	1,158
Shares Change (YoY)	-	-12.67%	-1.08%	-	0.78%
EPS (Basic)	0.05	-0.07	0.03	0.04	-0.21
EPS (Diluted)	0.05	-0.07	0.03	0.04	-0.21
EPS Growth	-	-	-26.82%	-	-
Dividend Per Share	-	-	0.025	-	-
Operating Margin	73.99%	65.80%	66.93%	68.94%	61.45%
Profit Margin	36.14%	-50.18%	24.05%	33.62%	-239.80%
EBITDA	111.12	92.17	82.97	84.61	64.15
EBITDA Margin	74.30%	66.08%	67.23%	69.36%	61.84%
D&A For Ebitda	0.46	0.39	0.37	0.51	0.41
EBIT	110.66	91.78	82.6	84.1	63.74
EBIT Margin	73.99%	65.80%	66.93%	68.94%	61.45%
Effective Tax Rate	0.92%	-	1.48%	1.00%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.