National Leasing

Alijarah Holding

NLCSStocksQatar Stock ExchangeReal Estate

Financials

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	80.24M	65.84M	58.48M	48.81M	30.89M
Cost of Revenue	18.69M	18.96M	21.68M	17.81M	22.06M
Gross Profit	61.55M	46.88M	36.80M	31.00M	8.85M
SG&A	34.62M	25.03M	23.08M	37.18M	26.19M
Operating Expenses	32.94M	25.02M	20.74M	5.89M	24.11M
Operating Income	28.61M	21.86M	16.06M	25.11M	-15.25M
Interest Income	—	—	—	—	4.42M
Interest Expense	-4.45M	-3.13M	-0.48M	-0.24M	-0.82M
Pretax Income	22.03M	17.40M	15.58M	19.46M	-19.71M
Income Tax	523.69K	279.33K	187.04K	121.64K	45.30K
Net Income	21.50M	17.12M	15.40M	19.11M	-14.89M
EBITDA	32.26M	25.54M	20.59M	30.11M	-8.43M
EBIT	28.61M	21.86M	16.06M	25.11M	-15.25M
EPS (Basic)	0.04	0.03	0.03	0.04	-0.03
EPS (Diluted)	0.04	0.03	0.03	0.04	-0.03
DPS	0.04	0.04	0.03	0.03	—
Margins & Efficiency
Gross Margin %	+76.7%	+71.2%	+62.9%	+63.5%	+28.7%
EBITDA Margin %	+40.2%	+38.8%	+35.2%	+61.7%	-27.3%
Net Margin %	+26.8%	+26.0%	+26.3%	+39.1%	-48.2%
Revenue & Income
Revenue	80.24M	65.84M	58.48M	48.81M	30.89M
Revenue as Reported	81.91M	65.85M	60.81M	80.10M	32.97M
Revenue Growth (YoY)	+21.9%	+12.6%	+19.8%	+58.0%	-74.2%
Operating Revenue	38.45M	36.34M	38.26M	32.38M	28.43M
Interest & Investment Income	—	—	—	—	4.42M
Other Revenue	41.79M	29.49M	20.22M	16.43M	2.45M
Expenses & Provisions
Advertising Expenses	265.99K	364.08K	414.17K	270.61K	716.50K
Cost of Revenue	18.69M	18.96M	21.68M	17.81M	22.06M
Selling, General & Admin	34.62M	25.03M	23.08M	37.18M	26.19M
Operating Expenses	32.94M	25.02M	20.74M	5.89M	24.11M
Other Operating Expenses	-1.67M	-0.01M	-2.34M	-31.29M	-2.08M
Interest Expense	-4.45M	-3.13M	-0.48M	-0.24M	-0.82M
Asset Writedown	-2.13M	-1.33M	—	-5.40M	-8.05M
D&A For EBITDA	3.65M	3.68M	4.53M	5.00M	6.83M
Profitability & Returns
Gross Profit	61.55M	46.88M	36.80M	31.00M	8.85M
Gross Margin	+76.7%	+71.2%	+62.9%	+63.5%	+28.7%
EBIT	28.61M	21.86M	16.06M	25.11M	-15.25M
EBIT Margin	+35.7%	+33.2%	+27.5%	+51.4%	-49.4%
EBITDA	32.26M	25.54M	20.59M	30.11M	-8.43M
EBITDA Margin	+40.2%	+38.8%	+35.2%	+61.7%	-27.3%
EBT Excluding Unusual Items	24.16M	18.73M	15.58M	24.86M	-11.66M
Pretax Income	22.03M	17.40M	15.58M	19.46M	-19.71M
Operating Income	28.61M	21.86M	16.06M	25.11M	-15.25M
Operating Margin	+35.7%	+33.2%	+27.5%	+51.4%	-49.4%
Profit Margin	+26.8%	+26.0%	+26.3%	+39.1%	-48.2%
Net Income	21.50M	17.12M	15.40M	19.11M	-14.89M
Net Income to Common	21.50M	17.12M	15.40M	19.11M	-14.89M
Net Income Growth	+25.6%	+11.2%	-19.4%	—	—
Earnings From Continuing Ops.	21.50M	17.12M	15.40M	19.34M	-19.75M
Earnings From Discontinued Ops.	—	—	—	-0.24M	4.86M
Income Tax Expense	523.69K	279.33K	187.04K	121.64K	45.30K
Effective Tax Rate	+2.4%	+1.6%	+1.2%	+0.6%	—
Per Share & Capital
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	+25.6%	+11.2%	-19.4%	—	—
Dividend Per Share	0.04	0.04	0.03	0.03	—
Shares Outstanding (Basic)	494.80M	494.80M	494.80M	494.80M	494.80M
Shares Outstanding (Diluted)	494.80M	494.80M	494.80M	494.80M	494.80M
Dividend Growth	+14.3%	+16.7%	—	—	—
Free Cash Flow	0.21M	-33.76M	-6.40M	31.18M	-29.86M
Free Cash Flow Margin	+0.3%	-51.3%	-10.9%	+63.9%	-96.7%
Free Cash Flow Per Share	0.00	-0.07	-0.01	0.06	-0.06
Payout Ratio	+80.5%	+86.7%	+96.4%	—	—

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	80.24M	65.84M	58.48M	48.81M	30.89M
Cost of Revenue	18.69M	18.96M	21.68M	17.81M	22.06M
Gross Profit	61.55M	46.88M	36.80M	31.00M	8.85M
SG&A	34.62M	25.03M	23.08M	37.18M	26.19M
Operating Expenses	32.94M	25.02M	20.74M	5.89M	24.11M
Operating Income	28.61M	21.86M	16.06M	25.11M	-15.25M
Interest Income	—	—	—	—	4.42M
Interest Expense	-4.45M	-3.13M	-0.48M	-0.24M	-0.82M
Pretax Income	22.03M	17.40M	15.58M	19.46M	-19.71M
Income Tax	523.69K	279.33K	187.04K	121.64K	45.30K
Net Income	21.50M	17.12M	15.40M	19.11M	-14.89M
EBITDA	32.26M	25.54M	20.59M	30.11M	-8.43M
EBIT	28.61M	21.86M	16.06M	25.11M	-15.25M
EPS (Basic)	0.04	0.03	0.03	0.04	-0.03
EPS (Diluted)	0.04	0.03	0.03	0.04	-0.03
DPS	0.04	0.04	0.03	0.03	—
Margins & Efficiency
Gross Margin %	+76.7%	+71.2%	+62.9%	+63.5%	+28.7%
EBITDA Margin %	+40.2%	+38.8%	+35.2%	+61.7%	-27.3%
Net Margin %	+26.8%	+26.0%	+26.3%	+39.1%	-48.2%
Revenue & Income
Revenue	80.24M	65.84M	58.48M	48.81M	30.89M
Revenue as Reported	81.91M	65.85M	60.81M	80.10M	32.97M
Revenue Growth (YoY)	+21.9%	+12.6%	+19.8%	+58.0%	-74.2%
Operating Revenue	38.45M	36.34M	38.26M	32.38M	28.43M
Interest & Investment Income	—	—	—	—	4.42M
Other Revenue	41.79M	29.49M	20.22M	16.43M	2.45M
Expenses & Provisions
Advertising Expenses	265.99K	364.08K	414.17K	270.61K	716.50K
Cost of Revenue	18.69M	18.96M	21.68M	17.81M	22.06M
Selling, General & Admin	34.62M	25.03M	23.08M	37.18M	26.19M
Operating Expenses	32.94M	25.02M	20.74M	5.89M	24.11M
Other Operating Expenses	-1.67M	-0.01M	-2.34M	-31.29M	-2.08M
Interest Expense	-4.45M	-3.13M	-0.48M	-0.24M	-0.82M
Asset Writedown	-2.13M	-1.33M	—	-5.40M	-8.05M
D&A For EBITDA	3.65M	3.68M	4.53M	5.00M	6.83M
Profitability & Returns
Gross Profit	61.55M	46.88M	36.80M	31.00M	8.85M
Gross Margin	+76.7%	+71.2%	+62.9%	+63.5%	+28.7%
EBIT	28.61M	21.86M	16.06M	25.11M	-15.25M
EBIT Margin	+35.7%	+33.2%	+27.5%	+51.4%	-49.4%
EBITDA	32.26M	25.54M	20.59M	30.11M	-8.43M
EBITDA Margin	+40.2%	+38.8%	+35.2%	+61.7%	-27.3%
EBT Excluding Unusual Items	24.16M	18.73M	15.58M	24.86M	-11.66M
Pretax Income	22.03M	17.40M	15.58M	19.46M	-19.71M
Operating Income	28.61M	21.86M	16.06M	25.11M	-15.25M
Operating Margin	+35.7%	+33.2%	+27.5%	+51.4%	-49.4%
Profit Margin	+26.8%	+26.0%	+26.3%	+39.1%	-48.2%
Net Income	21.50M	17.12M	15.40M	19.11M	-14.89M
Net Income to Common	21.50M	17.12M	15.40M	19.11M	-14.89M
Net Income Growth	+25.6%	+11.2%	-19.4%	—	—
Earnings From Continuing Ops.	21.50M	17.12M	15.40M	19.34M	-19.75M
Earnings From Discontinued Ops.	—	—	—	-0.24M	4.86M
Income Tax Expense	523.69K	279.33K	187.04K	121.64K	45.30K
Effective Tax Rate	+2.4%	+1.6%	+1.2%	+0.6%	—
Per Share & Capital
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	+25.6%	+11.2%	-19.4%	—	—
Dividend Per Share	0.04	0.04	0.03	0.03	—
Shares Outstanding (Basic)	494.80M	494.80M	494.80M	494.80M	494.80M
Shares Outstanding (Diluted)	494.80M	494.80M	494.80M	494.80M	494.80M
Dividend Growth	+14.3%	+16.7%	—	—	—
Free Cash Flow	0.21M	-33.76M	-6.40M	31.18M	-29.86M
Free Cash Flow Margin	+0.3%	-51.3%	-10.9%	+63.9%	-96.7%
Free Cash Flow Per Share	0.00	-0.07	-0.01	0.06	-0.06
Payout Ratio	+80.5%	+86.7%	+96.4%	—	—