Qatar Navigation Q.P.S.C. (QSE:QNNS)

Qatar Navigation Q.P.S.C. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,852	2,840	2,942	3,285	2,784	2,267
Revenue Growth (YoY)	-2.42%	-3.47%	-10.46%	18.01%	22.78%	-6.49%
Cost of Revenue	1,739	1,727	1,946	2,203	1,939	1,427
Gross Profit	1,113	1,113	995.3	1,083	844.56	840.48
Selling, General & Admin	5.21	5.21	5.65	3.81	3.18	3.77
Other Operating Expenses	131.84	144.46	154.16	176.86	210.25	164.92
Operating Expenses	572.5	576.44	558.97	595.76	591.6	561.7
Operating Income	540.23	536.39	436.33	486.86	252.96	278.78
Interest Expense	-37.39	-32.09	-49.77	-59.21	-72.69	-83.84
Interest & Investment Income	12.61	11.42	19.27	14.73	15.13	20.75
Earnings From Equity Investments	746.72	728.55	647.53	721.26	680.9	503.75
Currency Exchange Gain (Loss)	-1.79	-1.24	-0.56	-1.43	6.1	-1.27
EBT Excluding Unusual Items	1,260	1,243	1,053	1,162	882.41	718.16
Impairment of Goodwill	-	-	-	-	-7.29	-
Gain (Loss) on Sale of Assets	-0.39	7.61	10.19	20.82	-4.7	87.44
Asset Writedown	-117.22	-117.22	-19.67	-165.73	-140.34	-741.42
Pretax Income	1,143	1,133	1,043	1,017	730.08	64.18
Income Tax Expense	13.94	13.67	13.79	0.83	3.5	4.96
Earnings From Continuing Operations	1,129	1,120	1,030	1,016	726.57	59.22
Minority Interest in Earnings	2.4	2.2	0.67	-3.72	-2.42	-0.12
Net Income	1,131	1,122	1,030	1,013	724.15	59.11
Net Income to Common	1,131	1,122	1,030	1,013	724.15	59.11
Net Income Growth	9.61%	8.91%	1.72%	39.85%	1125.18%	-89.19%
Shares Outstanding (Basic)	1,136	1,136	1,136	1,136	1,136	1,136
Shares Outstanding (Diluted)	1,136	1,136	1,136	1,136	1,136	1,136
EPS (Basic)	1.00	0.99	0.91	0.89	0.64	0.05
EPS (Diluted)	1.00	0.99	0.91	0.89	0.64	0.05
EPS Growth	9.61%	8.91%	1.72%	39.85%	1125.18%	-89.19%
Free Cash Flow	-56.01	-97.94	450.34	286.54	288.92	298.53
Free Cash Flow Per Share	-0.05	-0.09	0.40	0.25	0.25	0.26
Dividend Per Share	0.400	0.400	0.375	0.350	0.300	0.300
Dividend Growth	6.67%	6.67%	7.14%	16.67%	-	-
Gross Margin	39.02%	39.19%	33.83%	32.95%	30.34%	37.07%
Operating Margin	18.94%	18.89%	14.83%	14.82%	9.09%	12.29%
Profit Margin	39.67%	39.51%	35.02%	30.83%	26.01%	2.61%
Free Cash Flow Margin	-1.96%	-3.45%	15.31%	8.72%	10.38%	13.17%
EBITDA	895.2	894.16	741.51	774.74	527.04	574.94
EBITDA Margin	31.39%	31.49%	25.21%	23.58%	18.93%	25.36%
D&A For EBITDA	354.97	357.77	305.18	287.89	274.08	296.16
EBIT	540.23	536.39	436.33	486.86	252.96	278.78
EBIT Margin	18.94%	18.89%	14.83%	14.82%	9.09%	12.29%
Effective Tax Rate	1.22%	1.21%	1.32%	0.08%	0.48%	7.72%

Updated Feb 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.