QSE:MRDS Cash Flow 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
Net Income	54.06	-69.99	29.69	41.01	-248.75
Depreciation & Amortization	0.71	0.54	0.37	1.68	1.71
Gain (Loss) on Sale of Assets	-	-1.69	-0.23	-	-
Gain (Loss) on Sale of Investments	1.5	7.5	1.5	1.5	1.5
Asset Writedown	-	-	-17.11	-	198.4
Income (Loss) on Equity Investments	-0.22	-0.28	-1.08	-0.11	0.35
Change in Accounts Receivable	138.23	-140.72	-15.23	3.11	-26.32
Change in Accounts Payable	-118.73	40.12	-19.72	-33.64	-
Change in Other Net Operating Assets	100.7	100.7	100.7	100.7	-116.12
Other Operating Activities	12.04	90.57	2.3	-25.55	-3.16
Operating Cash Flow	117.98	4.27	81.19	88.69	-192.39
Operating Cash Flow Growth	2666.06%	-94.75%	-8.46%	-	-
Acquisition of Real Estate Assets	-3.14	-391.9	-462.07	-0.38	-2.74
Sale of Real Estate Assets	-	159.93	231.86	-	-
Net Sale / Acq. of Real Estate Assets	-3.14	-231.97	-230.21	-0.38	-2.74
Investment in Marketable & Equity Securities	-	-	0.8	-	-
Other Investing Activities	3.58	6.91	11.12	0.05	0.3
Investing Cash Flow	0.44	-225.06	-218.29	-0.33	-2.44
Long-Term Debt Issued	38.65	250	294.8	-	984.12
Long-Term Debt Repaid	-58.15	-43.33	-16.44	-17.6	-790.69
Net Debt Issued (Repaid)	-19.5	206.67	278.36	-17.6	193.43
Issuance of Common Stock	-	-	-	-	16.1
Common Dividends Paid	-	-25	-	-1.05	-30.7
Other Financing Activities	-73.38	-71.34	-39.96	-42.31	-0.11
Net Cash Flow	25.54	-110.47	101.29	27.39	-16.11
Cash Interest Paid	73.7	71.84	41.35	42.31	44.75
Cash Income Tax Paid	-	0.44	0.42	-	-
Levered Free Cash Flow	-14.82	89.11	-156.04	34.47	-160.57
Unlevered Free Cash Flow	33.13	137.23	-119.91	60.92	-132.67
Change in Working Capital	49.9	-22.39	65.75	70.17	-142.44

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