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
Operating Summary
Revenue	1.38B	1.58B	1.51B	1.52B	1.30B
Cost of Revenue	1.01B	1.15B	1.05B	1.08B	0.90B
Gross Profit	373.80M	433.06M	463.00M	436.84M	402.38M
SG&A	149.94M	132.69M	138.80M	130.83M	114.50M
Operating Expenses	141.37M	126.89M	139.95M	130.10M	113.65M
Operating Income	232.43M	306.17M	323.04M	306.74M	288.73M
Interest Income	4.02M	2.82M	2.53M	0.22M	0.97M
Interest Expense	-108.58M	-132.27M	-103.81M	-55.82M	-56.54M
Pretax Income	127.86M	176.71M	221.76M	251.62M	233.71M
Income Tax	1.37M	2.22M	1.62M	2.37M	2.32M
Net Income	120.05M	171.89M	215.04M	239.58M	224.94M
EBITDA	432.15M	523.47M	511.40M	464.86M	437.30M
EBIT	232.43M	306.17M	323.04M	306.74M	288.73M
EPS (Basic)	0.20	0.29	0.37	0.41	0.38
EPS (Diluted)	0.20	0.29	0.37	0.41	0.38
DPS	0.10	0.10	0.11	0.10	0.10
Margins & Efficiency
Gross Margin %	+27.1%	+27.4%	+30.7%	+28.8%	+30.9%
EBITDA Margin %	+31.3%	+33.1%	+33.9%	+30.6%	+33.5%
Net Margin %	+8.7%	+10.9%	+14.3%	+15.8%	+17.3%
Revenue & Income
Revenue	1.38B	1.58B	1.51B	1.52B	1.30B
Revenue Growth (YoY)	-12.7%	+4.9%	-0.7%	+16.5%	+5.7%
Interest & Investment Income	4.02M	2.82M	2.53M	0.22M	0.97M
Gain (Loss) on Sale of Assets	—	—	—	96.76K	94.71K
Expenses & Provisions
Advertising Expenses	2.27M	6.41M	2.04M	2.79M	1.64M
Cost of Revenue	1.01B	1.15B	1.05B	1.08B	0.90B
Selling, General & Admin	149.94M	132.69M	138.80M	130.83M	114.50M
Operating Expenses	141.37M	126.89M	139.95M	130.10M	113.65M
Other Operating Expenses	-10.38M	-10.29M	-2.76M	-0.73M	-0.85M
Interest Expense	-108.58M	-132.27M	-103.81M	-55.82M	-56.54M
Asset Writedown	—	—	—	385.01K	456.48K
D&A For EBITDA	199.72M	217.30M	188.35M	158.13M	148.57M
Profitability & Returns
Gross Profit	373.80M	433.06M	463.00M	436.84M	402.38M
Gross Margin	+27.1%	+27.4%	+30.7%	+28.8%	+30.9%
EBIT	232.43M	306.17M	323.04M	306.74M	288.73M
EBIT Margin	+16.8%	+19.3%	+21.4%	+20.2%	+22.1%
EBITDA	432.15M	523.47M	511.40M	464.86M	437.30M
EBITDA Margin	+31.3%	+33.1%	+33.9%	+30.6%	+33.5%
EBT Excluding Unusual Items	127.86M	176.71M	221.76M	251.14M	233.16M
Pretax Income	127.86M	176.71M	221.76M	251.62M	233.71M
Operating Income	232.43M	306.17M	323.04M	306.74M	288.73M
Operating Margin	+16.8%	+19.3%	+21.4%	+20.2%	+22.1%
Profit Margin	+8.7%	+10.9%	+14.3%	+15.8%	+17.3%
Net Income	120.05M	171.89M	215.04M	239.58M	224.94M
Net Income to Common	120.05M	171.89M	215.04M	239.58M	224.94M
Net Income Growth	-30.2%	-20.1%	-10.2%	+6.5%	-4.7%
Earnings From Continuing Ops.	126.49M	174.49M	220.14M	249.24M	231.39M
Minority Interest in Earnings	-6.44M	-2.60M	-5.10M	-9.66M	-6.45M
Income Tax Expense	1.37M	2.22M	1.62M	2.37M	2.32M
Effective Tax Rate	+1.1%	+1.3%	+0.7%	+0.9%	+1.0%
Per Share & Capital
EPS (Basic)	0.20	0.29	0.37	0.41	0.38
EPS (Diluted)	0.20	0.29	0.37	0.41	0.38
EPS Growth	-30.2%	-20.1%	-10.2%	+6.5%	-4.7%
Dividend Per Share	0.10	0.10	0.11	0.10	0.10
Shares Outstanding (Basic)	586.03M	586.03M	586.03M	586.03M	586.03M
Shares Outstanding (Diluted)	586.03M	586.03M	586.03M	586.03M	586.03M
Dividend Growth	—	-9.1%	+10.0%	—	—
Free Cash Flow	485.25M	301.52M	69.75M	-17.22M	31.43M
Free Cash Flow Margin	+35.1%	+19.1%	+4.6%	-1.1%	+2.4%
Free Cash Flow Per Share	0.83	0.52	0.12	-0.03	0.05
Payout Ratio	+48.8%	+37.5%	+27.3%	+24.5%	+26.1%

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
Operating Summary
Revenue	1.38B	1.58B	1.51B	1.52B	1.30B
Cost of Revenue	1.01B	1.15B	1.05B	1.08B	0.90B
Gross Profit	373.80M	433.06M	463.00M	436.84M	402.38M
SG&A	149.94M	132.69M	138.80M	130.83M	114.50M
Operating Expenses	141.37M	126.89M	139.95M	130.10M	113.65M
Operating Income	232.43M	306.17M	323.04M	306.74M	288.73M
Interest Income	4.02M	2.82M	2.53M	0.22M	0.97M
Interest Expense	-108.58M	-132.27M	-103.81M	-55.82M	-56.54M
Pretax Income	127.86M	176.71M	221.76M	251.62M	233.71M
Income Tax	1.37M	2.22M	1.62M	2.37M	2.32M
Net Income	120.05M	171.89M	215.04M	239.58M	224.94M
EBITDA	432.15M	523.47M	511.40M	464.86M	437.30M
EBIT	232.43M	306.17M	323.04M	306.74M	288.73M
EPS (Basic)	0.20	0.29	0.37	0.41	0.38
EPS (Diluted)	0.20	0.29	0.37	0.41	0.38
DPS	0.10	0.10	0.11	0.10	0.10
Margins & Efficiency
Gross Margin %	+27.1%	+27.4%	+30.7%	+28.8%	+30.9%
EBITDA Margin %	+31.3%	+33.1%	+33.9%	+30.6%	+33.5%
Net Margin %	+8.7%	+10.9%	+14.3%	+15.8%	+17.3%
Revenue & Income
Revenue	1.38B	1.58B	1.51B	1.52B	1.30B
Revenue Growth (YoY)	-12.7%	+4.9%	-0.7%	+16.5%	+5.7%
Interest & Investment Income	4.02M	2.82M	2.53M	0.22M	0.97M
Gain (Loss) on Sale of Assets	—	—	—	96.76K	94.71K
Expenses & Provisions
Advertising Expenses	2.27M	6.41M	2.04M	2.79M	1.64M
Cost of Revenue	1.01B	1.15B	1.05B	1.08B	0.90B
Selling, General & Admin	149.94M	132.69M	138.80M	130.83M	114.50M
Operating Expenses	141.37M	126.89M	139.95M	130.10M	113.65M
Other Operating Expenses	-10.38M	-10.29M	-2.76M	-0.73M	-0.85M
Interest Expense	-108.58M	-132.27M	-103.81M	-55.82M	-56.54M
Asset Writedown	—	—	—	385.01K	456.48K
D&A For EBITDA	199.72M	217.30M	188.35M	158.13M	148.57M
Profitability & Returns
Gross Profit	373.80M	433.06M	463.00M	436.84M	402.38M
Gross Margin	+27.1%	+27.4%	+30.7%	+28.8%	+30.9%
EBIT	232.43M	306.17M	323.04M	306.74M	288.73M
EBIT Margin	+16.8%	+19.3%	+21.4%	+20.2%	+22.1%
EBITDA	432.15M	523.47M	511.40M	464.86M	437.30M
EBITDA Margin	+31.3%	+33.1%	+33.9%	+30.6%	+33.5%
EBT Excluding Unusual Items	127.86M	176.71M	221.76M	251.14M	233.16M
Pretax Income	127.86M	176.71M	221.76M	251.62M	233.71M
Operating Income	232.43M	306.17M	323.04M	306.74M	288.73M
Operating Margin	+16.8%	+19.3%	+21.4%	+20.2%	+22.1%
Profit Margin	+8.7%	+10.9%	+14.3%	+15.8%	+17.3%
Net Income	120.05M	171.89M	215.04M	239.58M	224.94M
Net Income to Common	120.05M	171.89M	215.04M	239.58M	224.94M
Net Income Growth	-30.2%	-20.1%	-10.2%	+6.5%	-4.7%
Earnings From Continuing Ops.	126.49M	174.49M	220.14M	249.24M	231.39M
Minority Interest in Earnings	-6.44M	-2.60M	-5.10M	-9.66M	-6.45M
Income Tax Expense	1.37M	2.22M	1.62M	2.37M	2.32M
Effective Tax Rate	+1.1%	+1.3%	+0.7%	+0.9%	+1.0%
Per Share & Capital
EPS (Basic)	0.20	0.29	0.37	0.41	0.38
EPS (Diluted)	0.20	0.29	0.37	0.41	0.38
EPS Growth	-30.2%	-20.1%	-10.2%	+6.5%	-4.7%
Dividend Per Share	0.10	0.10	0.11	0.10	0.10
Shares Outstanding (Basic)	586.03M	586.03M	586.03M	586.03M	586.03M
Shares Outstanding (Diluted)	586.03M	586.03M	586.03M	586.03M	586.03M
Dividend Growth	—	-9.1%	+10.0%	—	—
Free Cash Flow	485.25M	301.52M	69.75M	-17.22M	31.43M
Free Cash Flow Margin	+35.1%	+19.1%	+4.6%	-1.1%	+2.4%
Free Cash Flow Per Share	0.83	0.52	0.12	-0.03	0.05
Payout Ratio	+48.8%	+37.5%	+27.3%	+24.5%	+26.1%

Financials

Annual (QAR)

Gulf warehousing Co

Annual (QAR)