Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (QAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	320.24M	228.84M	229.82M	593.31M	270.50M
Free Cash Flow	225.19M	209.47M	216.20M	575.52M	248.54M
Capital Expenditures	-95.05M	-19.37M	-13.62M	-17.79M	-21.96M
Investing & Financing
Investing Cash Flow	-385.15M	-45.86M	62.62M	-53.61M	-43.94M
Financing Cash Flow	49.09M	-169.43M	-346.58M	-442.72M	-368.34M
Dividends Paid	-378.00M	—	-315.00M	-315.00M	-252.00M
Operating Activities
Operating Cash Flow	320.24M	228.84M	229.82M	593.31M	270.50M
Net Income	443.33M	432.55M	367.50M	347.82M	304.93M
Change in Accounts Payable	-106.48M	42.33M	-100.98M	72.42M	65.71M
Change in Accounts Receivable	115.94M	12.84M	-61.03M	87.10M	-224.18M
Change in Inventory	38.03M	-68.20M	101.93M	-93.33M	-14.70M
Change in Other Net Operating Assets	-122.21M	-174.32M	-79.04M	188.39M	128.43M
Change in Working Capital	-74.72M	-187.35M	-139.12M	254.58M	-44.73M
Other Operating Activities	8.89M	-5.62M	13.72M	-1.22M	2.33M
Provision & Write-off of Bad Debts	8.40M	13.14M	9.42M	9.75M	6.05M
Depreciation & Amortization	54.02M	42.91M	41.54M	38.37M	40.37M
Other Amortization	1.31M	3.68M	1.35M	6.51M	1.42M
Cash Interest Paid	21.93M	20.99M	28.82M	25.91M	22.56M
Cash Income Tax Paid	525.10K	633.12K	838.19K	604.85K	301.09K
Loss (Gain) on Equity Investments	-107.62M	-71.68M	-61.94M	-61.89M	-40.49M
Asset Writedown & Restructuring Costs	-89.66K	-75.63K	—	—	—
Investing Activities
Investing Cash Flow	-385.15M	-45.86M	62.62M	-53.61M	-43.94M
Capital Expenditures	-95.05M	-19.37M	-13.62M	-17.79M	-21.96M
Cash Acquisitions	—	-31.73M	-16.38M	—	—
Divestitures	-125	—	—	—	—
Investment in Securities	37.19M	-47.75M	-0.02M	-12.65M	-0.41M
Other Investing Activities	93.58M	30.22M	13.95M	6.84M	23.10M
Sale (Purchase) of Real Estate	-423.06M	-20.16M	77.92M	-30.49M	-44.67M
Sale of Property, Plant & Equipment	2.19M	42.93M	0.75M	0.48M	—
Loss (Gain) From Sale of Assets	0.24M	-8.53M	-0.38M	-0.38M	0.62M
Loss (Gain) on Sale of Investments	-13.53M	9.83M	-2.27M	-0.22M	—
Financing Activities
Financing Cash Flow	49.09M	-169.43M	-346.58M	-442.72M	-368.34M
Common Dividends Paid	-378.00M	—	-315.00M	-315.00M	-252.00M
Long-Term Debt Issued	818.14M	35.05M	247.44M	284.53M	56.50M
Long-Term Debt Repaid	-391.06M	-204.48M	-279.01M	-412.35M	-172.84M
Net Debt Issued (Repaid)	427.09M	-169.43M	-31.58M	-127.82M	-116.34M
Other Financing Activities	—	—	—	98.00K	—
Free Cash Flow & Returns
Free Cash Flow	225.19M	209.47M	216.20M	575.52M	248.54M
Free Cash Flow Growth	+7.5%	-3.1%	-62.4%	+131.6%	—
Free Cash Flow Margin	+11.3%	+10.0%	+10.4%	+28.0%	+15.6%
Free Cash Flow Per Share	0.04	0.03	0.03	0.09	0.04
Levered Free Cash Flow	105.13M	99.45M	106.11M	485.18M	158.18M
Unlevered Free Cash Flow	124.61M	111.08M	122.77M	494.86M	170.86M
Operating Cash Flow Growth	+39.9%	-0.4%	-61.3%	+119.3%	—
Net Cash Flow	-15.82M	13.55M	-54.14M	96.98M	-141.78M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (QAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	320.24M	228.84M	229.82M	593.31M	270.50M
Free Cash Flow	225.19M	209.47M	216.20M	575.52M	248.54M
Capital Expenditures	-95.05M	-19.37M	-13.62M	-17.79M	-21.96M
Investing & Financing
Investing Cash Flow	-385.15M	-45.86M	62.62M	-53.61M	-43.94M
Financing Cash Flow	49.09M	-169.43M	-346.58M	-442.72M	-368.34M
Dividends Paid	-378.00M	—	-315.00M	-315.00M	-252.00M
Operating Activities
Operating Cash Flow	320.24M	228.84M	229.82M	593.31M	270.50M
Net Income	443.33M	432.55M	367.50M	347.82M	304.93M
Change in Accounts Payable	-106.48M	42.33M	-100.98M	72.42M	65.71M
Change in Accounts Receivable	115.94M	12.84M	-61.03M	87.10M	-224.18M
Change in Inventory	38.03M	-68.20M	101.93M	-93.33M	-14.70M
Change in Other Net Operating Assets	-122.21M	-174.32M	-79.04M	188.39M	128.43M
Change in Working Capital	-74.72M	-187.35M	-139.12M	254.58M	-44.73M
Other Operating Activities	8.89M	-5.62M	13.72M	-1.22M	2.33M
Provision & Write-off of Bad Debts	8.40M	13.14M	9.42M	9.75M	6.05M
Depreciation & Amortization	54.02M	42.91M	41.54M	38.37M	40.37M
Other Amortization	1.31M	3.68M	1.35M	6.51M	1.42M
Cash Interest Paid	21.93M	20.99M	28.82M	25.91M	22.56M
Cash Income Tax Paid	525.10K	633.12K	838.19K	604.85K	301.09K
Loss (Gain) on Equity Investments	-107.62M	-71.68M	-61.94M	-61.89M	-40.49M
Asset Writedown & Restructuring Costs	-89.66K	-75.63K	—	—	—
Investing Activities
Investing Cash Flow	-385.15M	-45.86M	62.62M	-53.61M	-43.94M
Capital Expenditures	-95.05M	-19.37M	-13.62M	-17.79M	-21.96M
Cash Acquisitions	—	-31.73M	-16.38M	—	—
Divestitures	-125	—	—	—	—
Investment in Securities	37.19M	-47.75M	-0.02M	-12.65M	-0.41M
Other Investing Activities	93.58M	30.22M	13.95M	6.84M	23.10M
Sale (Purchase) of Real Estate	-423.06M	-20.16M	77.92M	-30.49M	-44.67M
Sale of Property, Plant & Equipment	2.19M	42.93M	0.75M	0.48M	—
Loss (Gain) From Sale of Assets	0.24M	-8.53M	-0.38M	-0.38M	0.62M
Loss (Gain) on Sale of Investments	-13.53M	9.83M	-2.27M	-0.22M	—
Financing Activities
Financing Cash Flow	49.09M	-169.43M	-346.58M	-442.72M	-368.34M
Common Dividends Paid	-378.00M	—	-315.00M	-315.00M	-252.00M
Long-Term Debt Issued	818.14M	35.05M	247.44M	284.53M	56.50M
Long-Term Debt Repaid	-391.06M	-204.48M	-279.01M	-412.35M	-172.84M
Net Debt Issued (Repaid)	427.09M	-169.43M	-31.58M	-127.82M	-116.34M
Other Financing Activities	—	—	—	98.00K	—
Free Cash Flow & Returns
Free Cash Flow	225.19M	209.47M	216.20M	575.52M	248.54M
Free Cash Flow Growth	+7.5%	-3.1%	-62.4%	+131.6%	—
Free Cash Flow Margin	+11.3%	+10.0%	+10.4%	+28.0%	+15.6%
Free Cash Flow Per Share	0.04	0.03	0.03	0.09	0.04
Levered Free Cash Flow	105.13M	99.45M	106.11M	485.18M	158.18M
Unlevered Free Cash Flow	124.61M	111.08M	122.77M	494.86M	170.86M
Operating Cash Flow Growth	+39.9%	-0.4%	-61.3%	+119.3%	—
Net Cash Flow	-15.82M	13.55M	-54.14M	96.98M	-141.78M

Financials

Annual (QAR)

Aamal

Annual (QAR)