QSE:MRDS 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
Rental Revenue	149.9	149.33	139.2	122.34	121.87	32.74
Property Management Fees	-	-	-	-	-	0.82
Other Revenue	0.22	0.22	0.28	1.08	0.11	-0.35
Total Revenue	150.12	149.55	139.49	123.42	121.98	103.73
Revenue Growth (YoY	6.68%	7.22%	13.02%	1.18%	17.59%	3.85%
Property Expenses	17.61	17.84	19.37	9.71	11.46	12.87
Selling, General & Administrative	29.12	28.93	29.88	32.7	26.43	25.42
Depreciation & Amortization	-	-	-	-	-	1.71
Other Operating Expenses	12.55	-7.87	-1.55	-1.59	-	-
Total Operating Expenses	59.28	38.89	47.71	40.82	37.88	39.99
Operating Income	90.83	110.66	91.78	82.6	84.1	63.74
Interest Expense	-75.38	-76.71	-76.99	-57.8	-42.31	-44.64
Interest & Investment Income	3.58	3.58	6.91	11.12	0.05	0.3
Other Non-Operating Income	-	-	-	-	1.09	0.41
EBT Excluding Unusual Items	19.03	37.53	21.69	35.93	42.92	19.81
Gain (Loss) on Sale of Investments	-1.5	-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	18.52	-85.87	-21.64	-	-
Pretax Income	36.06	54.56	-69.99	30.13	41.42	-248.4
Income Tax Expense	0.61	0.5	-	0.45	0.41	0.35
Net Income	35.44	54.06	-69.99	29.69	41.01	-248.75
Net Income to Common	35.44	54.06	-69.99	29.69	41.01	-248.75
Net Income Growth	-	-	-	-27.61%	-	-
Basic Shares Outstanding	1,008	1,000	1,000	1,145	1,158	1,158
Diluted Shares Outstanding	1,008	1,000	1,000	1,145	1,158	1,158
Shares Change (YoY)	1.23%	-	-12.67%	-1.08%	-	0.78%
EPS (Basic)	0.04	0.05	-0.07	0.03	0.04	-0.21
EPS (Diluted)	0.04	0.05	-0.07	0.03	0.04	-0.21
EPS Growth	-	-	-	-26.82%	-	-
Dividend Per Share	-	-	-	0.025	-	-
Operating Margin	60.51%	73.99%	65.80%	66.93%	68.94%	61.45%
Profit Margin	23.61%	36.14%	-50.18%	24.05%	33.62%	-239.80%
EBITDA	91.32	111.12	92.17	82.97	84.61	64.15
EBITDA Margin	60.83%	74.30%	66.08%	67.23%	69.36%	61.84%
D&A For Ebitda	0.48	0.46	0.39	0.37	0.51	0.41
EBIT	90.83	110.66	91.78	82.6	84.1	63.74
EBIT Margin	60.51%	73.99%	65.80%	66.93%	68.94%	61.45%
Effective Tax Rate	1.70%	0.92%	-	1.48%	1.00%	-

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