Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (QAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	1.46B	1.59B	1.83B	1.76B	1.31B
Cost of Revenue	0.90B	1.08B	1.27B	1.13B	0.90B
Gross Profit	555.44M	513.98M	557.68M	637.71M	409.52M
SG&A	178.64M	383.52M	234.61M	226.31M	187.33M
Operating Expenses	138.54M	347.67M	224.11M	216.19M	135.41M
Operating Income	416.90M	166.31M	333.58M	421.52M	274.11M
Interest Expense	-65.32M	-50.87M	-54.61M	-108.13M	-53.73M
Other Income/Expense	—	-28.28M	—	—	—
Pretax Income	351.95M	283.93M	245.92M	302.32M	174.66M
Income Tax	18.53M	48.32M	7.89M	7.21M	5.13M
Net Income	331.76M	262.10M	240.32M	312.59M	174.79M
EBITDA	463.36M	209.13M	376.22M	463.34M	314.15M
EBIT	416.90M	166.31M	333.58M	421.52M	274.11M
EPS (Basic)	0.07	0.06	0.05	0.07	0.04
EPS (Diluted)	0.07	0.06	0.05	0.07	0.04
Margins & Efficiency
Gross Margin %	+38.2%	+32.3%	+30.5%	+36.2%	+31.3%
EBITDA Margin %	+31.8%	+13.1%	+20.6%	+26.3%	+24.0%
Net Margin %	+22.8%	+16.5%	+13.2%	+17.7%	+13.4%
Revenue & Income
Revenue	1.46B	1.59B	1.83B	1.76B	1.31B
Revenue Growth (YoY)	+11.2%	+26.1%	+39.6%	+107.5%	+64.4%
Earnings From Equity Investments	0.38M	4.91M	2.87M	3.63M	6.60M
Currency Exchange Gain (Loss)	—	30.27K	—	—	—
Expenses & Provisions
Cost of Revenue	0.90B	1.08B	1.27B	1.13B	0.90B
Selling, General & Admin	178.64M	383.52M	234.61M	226.31M	187.33M
Operating Expenses	138.54M	347.67M	224.11M	216.19M	135.41M
Other Operating Expenses	-65.94M	-36.70M	-10.50M	-10.12M	-51.92M
Interest Expense	-65.32M	-50.87M	-54.61M	-108.13M	-53.73M
Other Non Operating Income (Expenses)	—	-28.28M	—	—	—
Asset Writedown	—	191.83M	-35.92M	-14.70M	-52.32M
D&A For EBITDA	46.47M	42.82M	42.64M	41.82M	40.05M
Profitability & Returns
Gross Profit	555.44M	513.98M	557.68M	637.71M	409.52M
Gross Margin	+38.2%	+32.3%	+30.5%	+36.2%	+31.3%
EBIT	416.90M	166.31M	333.58M	421.52M	274.11M
EBIT Margin	+28.6%	+10.5%	+18.3%	+23.9%	+20.9%
EBITDA	463.36M	209.13M	376.22M	463.34M	314.15M
EBITDA Margin	+31.8%	+13.1%	+20.6%	+26.3%	+24.0%
EBT Excluding Unusual Items	351.95M	92.10M	281.83M	317.02M	226.99M
Pretax Income	351.95M	283.93M	245.92M	302.32M	174.66M
Operating Income	416.90M	166.31M	333.58M	421.52M	274.11M
Operating Margin	+28.6%	+10.5%	+18.3%	+23.9%	+20.9%
Profit Margin	+22.8%	+16.5%	+13.2%	+17.7%	+13.4%
Net Income	331.76M	262.10M	240.32M	312.59M	174.79M
Net Income to Common	331.76M	262.10M	240.32M	312.59M	174.79M
Net Income to Company	333.42M	235.61M	238.02M	295.11M	169.54M
Net Income Growth	+89.8%	+282.2%	+109.5%	+185.8%	+56.5%
Earnings From Continuing Ops.	333.42M	235.61M	238.02M	295.11M	169.54M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-1.67M	26.49M	2.30M	17.47M	5.25M
Income Tax Expense	18.53M	48.32M	7.89M	7.21M	5.13M
Effective Tax Rate	+5.3%	+17.0%	+3.2%	+2.4%	+2.9%
Per Share & Capital
EPS (Basic)	0.07	0.06	0.05	0.07	0.04
EPS (Diluted)	0.07	0.06	0.05	0.07	0.04
EPS Growth	+89.8%	+282.2%	+106.6%	+186.0%	+56.5%
Shares Change (YoY)	—	—	0.01	-0	—
Shares Outstanding (Basic)	4.49B	4.49B	4.51B	4.52B	4.49B
Shares Outstanding (Diluted)	4.49B	4.49B	4.51B	4.52B	4.49B
Free Cash Flow	-1.47B	-0.69B	-0.08B	-0.15B	0.03B
Free Cash Flow Margin	-100.9%	-43.3%	-4.5%	-8.7%	+2.5%
Free Cash Flow Per Share	-0.33	-0.15	-0.02	-0.03	0.01
Payout Ratio	—	—	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (QAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	1.46B	1.59B	1.83B	1.76B	1.31B
Cost of Revenue	0.90B	1.08B	1.27B	1.13B	0.90B
Gross Profit	555.44M	513.98M	557.68M	637.71M	409.52M
SG&A	178.64M	383.52M	234.61M	226.31M	187.33M
Operating Expenses	138.54M	347.67M	224.11M	216.19M	135.41M
Operating Income	416.90M	166.31M	333.58M	421.52M	274.11M
Interest Expense	-65.32M	-50.87M	-54.61M	-108.13M	-53.73M
Other Income/Expense	—	-28.28M	—	—	—
Pretax Income	351.95M	283.93M	245.92M	302.32M	174.66M
Income Tax	18.53M	48.32M	7.89M	7.21M	5.13M
Net Income	331.76M	262.10M	240.32M	312.59M	174.79M
EBITDA	463.36M	209.13M	376.22M	463.34M	314.15M
EBIT	416.90M	166.31M	333.58M	421.52M	274.11M
EPS (Basic)	0.07	0.06	0.05	0.07	0.04
EPS (Diluted)	0.07	0.06	0.05	0.07	0.04
Margins & Efficiency
Gross Margin %	+38.2%	+32.3%	+30.5%	+36.2%	+31.3%
EBITDA Margin %	+31.8%	+13.1%	+20.6%	+26.3%	+24.0%
Net Margin %	+22.8%	+16.5%	+13.2%	+17.7%	+13.4%
Revenue & Income
Revenue	1.46B	1.59B	1.83B	1.76B	1.31B
Revenue Growth (YoY)	+11.2%	+26.1%	+39.6%	+107.5%	+64.4%
Earnings From Equity Investments	0.38M	4.91M	2.87M	3.63M	6.60M
Currency Exchange Gain (Loss)	—	30.27K	—	—	—
Expenses & Provisions
Cost of Revenue	0.90B	1.08B	1.27B	1.13B	0.90B
Selling, General & Admin	178.64M	383.52M	234.61M	226.31M	187.33M
Operating Expenses	138.54M	347.67M	224.11M	216.19M	135.41M
Other Operating Expenses	-65.94M	-36.70M	-10.50M	-10.12M	-51.92M
Interest Expense	-65.32M	-50.87M	-54.61M	-108.13M	-53.73M
Other Non Operating Income (Expenses)	—	-28.28M	—	—	—
Asset Writedown	—	191.83M	-35.92M	-14.70M	-52.32M
D&A For EBITDA	46.47M	42.82M	42.64M	41.82M	40.05M
Profitability & Returns
Gross Profit	555.44M	513.98M	557.68M	637.71M	409.52M
Gross Margin	+38.2%	+32.3%	+30.5%	+36.2%	+31.3%
EBIT	416.90M	166.31M	333.58M	421.52M	274.11M
EBIT Margin	+28.6%	+10.5%	+18.3%	+23.9%	+20.9%
EBITDA	463.36M	209.13M	376.22M	463.34M	314.15M
EBITDA Margin	+31.8%	+13.1%	+20.6%	+26.3%	+24.0%
EBT Excluding Unusual Items	351.95M	92.10M	281.83M	317.02M	226.99M
Pretax Income	351.95M	283.93M	245.92M	302.32M	174.66M
Operating Income	416.90M	166.31M	333.58M	421.52M	274.11M
Operating Margin	+28.6%	+10.5%	+18.3%	+23.9%	+20.9%
Profit Margin	+22.8%	+16.5%	+13.2%	+17.7%	+13.4%
Net Income	331.76M	262.10M	240.32M	312.59M	174.79M
Net Income to Common	331.76M	262.10M	240.32M	312.59M	174.79M
Net Income to Company	333.42M	235.61M	238.02M	295.11M	169.54M
Net Income Growth	+89.8%	+282.2%	+109.5%	+185.8%	+56.5%
Earnings From Continuing Ops.	333.42M	235.61M	238.02M	295.11M	169.54M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-1.67M	26.49M	2.30M	17.47M	5.25M
Income Tax Expense	18.53M	48.32M	7.89M	7.21M	5.13M
Effective Tax Rate	+5.3%	+17.0%	+3.2%	+2.4%	+2.9%
Per Share & Capital
EPS (Basic)	0.07	0.06	0.05	0.07	0.04
EPS (Diluted)	0.07	0.06	0.05	0.07	0.04
EPS Growth	+89.8%	+282.2%	+106.6%	+186.0%	+56.5%
Shares Change (YoY)	—	—	0.01	-0	—
Shares Outstanding (Basic)	4.49B	4.49B	4.51B	4.52B	4.49B
Shares Outstanding (Diluted)	4.49B	4.49B	4.51B	4.52B	4.49B
Free Cash Flow	-1.47B	-0.69B	-0.08B	-0.15B	0.03B
Free Cash Flow Margin	-100.9%	-43.3%	-4.5%	-8.7%	+2.5%
Free Cash Flow Per Share	-0.33	-0.15	-0.02	-0.03	0.01
Payout Ratio	—	—	—	—	—

Financials

Quarterly (QAR)

Estithmar Holding

Quarterly (QAR)