QSE:NLCS 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
Operating Revenue	38.45	36.34	38.26	32.38	28.43
Other Revenue	41.79	29.49	20.22	16.43	2.45
Revenue	80.24	65.84	58.48	48.81	30.89
Revenue Growth (YoY)	21.87%	12.59%	19.81%	58.02%	-74.16%
Cost of Revenue	18.69	18.96	21.68	17.81	22.06
Gross Profit	61.55	46.88	36.8	31	8.85
Selling, General & Admin	34.62	25.03	23.08	37.18	26.19
Other Operating Expenses	-1.67	-0.01	-2.34	-31.29	-2.08
Operating Expenses	32.94	25.02	20.74	5.89	24.11
Operating Income	28.61	21.86	16.06	25.11	-15.25
Interest Expense	-4.45	-3.13	-0.48	-0.24	-0.82
Interest & Investment Income	-	-	-	-	4.42
EBT Excluding Unusual Items	24.16	18.73	15.58	24.86	-11.66
Asset Writedown	-2.13	-1.33	-	-5.4	-8.05
Pretax Income	22.03	17.4	15.58	19.46	-19.71
Income Tax Expense	0.52	0.28	0.19	0.12	0.05
Earnings From Continuing Operations	21.5	17.12	15.4	19.34	-19.75
Earnings From Discontinued Operations	-	-	-	-0.24	4.86
Net Income	21.5	17.12	15.4	19.11	-14.89
Net Income to Common	21.5	17.12	15.4	19.11	-14.89
Net Income Growth	25.62%	11.19%	-19.43%	-	-
Shares Outstanding (Basic)	495	495	495	495	495
Shares Outstanding (Diluted)	495	495	495	495	495
EPS (Basic)	0.04	0.03	0.03	0.04	-0.03
EPS (Diluted)	0.04	0.03	0.03	0.04	-0.03
EPS Growth	25.62%	11.19%	-19.43%	-	-
Free Cash Flow	0.21	-33.76	-6.4	31.18	-29.86
Free Cash Flow Per Share	-	-0.07	-0.01	0.06	-0.06
Dividend Per Share	0.040	0.035	0.030	0.030	-
Dividend Growth	14.29%	16.67%	-	-	-
Gross Margin	76.71%	71.21%	62.93%	63.51%	28.66%
Operating Margin	35.65%	33.21%	27.46%	51.44%	-49.38%
Profit Margin	26.80%	26.00%	26.33%	39.15%	-48.21%
Free Cash Flow Margin	0.27%	-51.28%	-10.94%	63.89%	-96.68%
EBITDA	32.26	25.54	20.59	30.11	-8.43
EBITDA Margin	40.21%	38.80%	35.20%	61.68%	-27.29%
D&A For EBITDA	3.65	3.68	4.53	5	6.83
EBIT	28.61	21.86	16.06	25.11	-15.25
EBIT Margin	35.65%	33.21%	27.46%	51.44%	-49.38%
Effective Tax Rate	2.38%	1.61%	1.20%	0.63%	-
Revenue as Reported	81.91	65.85	60.81	80.1	32.97
Advertising Expenses	0.27	0.36	0.41	0.27	0.72

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