Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (QAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	205.42M	90.68M	71.65M	55.85M	188.94M
Cost of Revenue	-5.54M	4.27M	-0.03M	0.53M	8.86M
Gross Profit	210.96M	86.41M	71.67M	55.32M	180.09M
SG&A	27.41M	25.32M	22.04M	21.41M	19.45M
Operating Expenses	30.53M	33.11M	29.57M	16.50M	23.77M
Operating Income	180.43M	53.29M	42.10M	38.82M	156.32M
Interest Expense	-119.70M	—	—	—	-123.48M
Pretax Income	62.78M	57.95M	43.52M	35.85M	18.13M
Income Tax	33.00K	—	—	—	—
Net Income	59.98M	57.70M	41.98M	40.46M	31.53M
EBITDA	181.27M	55.21M	44.04M	40.76M	157.16M
EBIT	180.43M	53.29M	42.10M	38.82M	156.32M
EPS (Basic)	0.05	0.05	0.04	0.04	0.03
EPS (Diluted)	0.05	0.05	0.04	0.04	0.03
Margins & Efficiency
Gross Margin %	+102.7%	+95.3%	+100.0%	+99.1%	+95.3%
EBITDA Margin %	+88.2%	+60.9%	+61.5%	+73.0%	+83.2%
Net Margin %	+29.2%	+63.6%	+58.6%	+72.4%	+16.7%
Revenue & Income
Revenue	205.42M	90.68M	71.65M	55.85M	188.94M
Revenue as Reported	143.16M	125.11M	104.46M	93.89M	82.22M
Revenue Growth (YoY)	+8.7%	+2.8%	+67.1%	+32.6%	+240.7%
Operating Revenue	46.02M	24.68M	26.05M	27.27M	15.80M
Other Revenue	159.40M	66.00M	45.60M	28.58M	173.15M
Gain (Loss) on Sale of Assets	7.29M	—	—	-7.29M	-13.02M
Gain (Loss) on Sale of Investments	-11.06M	1.34M	-2.07M	-0.65M	2.04M
Currency Exchange Gain (Loss)	5.82M	3.32M	3.49M	4.97M	2.67M
Expenses & Provisions
Cost of Revenue	-5.54M	4.27M	-0.03M	0.53M	8.86M
Selling, General & Admin	27.41M	25.32M	22.04M	21.41M	19.45M
Operating Expenses	30.53M	33.11M	29.57M	16.50M	23.77M
Other Operating Expenses	2.17M	5.87M	5.60M	-6.85M	1.91M
Interest Expense	-119.70M	—	—	—	-123.48M
Asset Writedown	—	—	—	—	-6.40M
D&A For EBITDA	0.84M	1.92M	1.94M	1.93M	0.84M
Profitability & Returns
Gross Profit	210.96M	86.41M	71.67M	55.32M	180.09M
Gross Margin	+102.7%	+95.3%	+100.0%	+99.1%	+95.3%
EBIT	180.43M	53.29M	42.10M	38.82M	156.32M
EBIT Margin	+87.8%	+58.8%	+58.8%	+69.5%	+82.7%
EBITDA	181.27M	55.21M	44.04M	40.76M	157.16M
EBITDA Margin	+88.2%	+60.9%	+61.5%	+73.0%	+83.2%
EBT Excluding Unusual Items	66.55M	56.61M	45.59M	43.79M	35.50M
Pretax Income	62.78M	57.95M	43.52M	35.85M	18.13M
Operating Income	180.43M	53.29M	42.10M	38.82M	156.32M
Operating Margin	+87.8%	+58.8%	+58.8%	+69.5%	+82.7%
Profit Margin	+29.2%	+63.6%	+58.6%	+72.4%	+16.7%
Net Income	59.98M	57.70M	41.98M	40.46M	31.53M
Net Income to Common	59.98M	57.70M	41.98M	40.46M	31.53M
Net Income to Company	62.75M	57.95M	43.52M	35.85M	18.13M
Net Income Growth	+90.2%	+35.7%	+65.5%	+40.6%	+14.1%
Earnings From Continuing Ops.	62.75M	57.95M	43.52M	35.85M	18.13M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-2.77M	-0.25M	-1.54M	4.61M	13.40M
Income Tax Expense	33.00K	—	—	—	—
Effective Tax Rate	+0.1%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.05	0.05	0.04	0.04	0.03
EPS (Diluted)	0.05	0.05	0.04	0.04	0.03
EPS Growth	+90.2%	+36.8%	+72.7%	+40.6%	+14.1%
Dividend Per Share	0.06	—	—	—	0.05
Shares Change (YoY)	—	-0.01	-0.04	—	—
Shares Outstanding (Basic)	1.12B	1.11B	1.10B	1.12B	1.12B
Shares Outstanding (Diluted)	1.12B	1.11B	1.10B	1.12B	1.12B
Dividend Growth	+20.0%	—	—	—	—
Free Cash Flow	-676.05M	457.73M	31.02M	82.86M	-332.12M
Free Cash Flow Margin	-329.1%	+504.8%	+43.3%	+148.4%	-175.8%
Free Cash Flow Per Share	-0.60	0.41	0.03	0.07	-0.30
Payout Ratio	—	—	—	+138.4%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (QAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	205.42M	90.68M	71.65M	55.85M	188.94M
Cost of Revenue	-5.54M	4.27M	-0.03M	0.53M	8.86M
Gross Profit	210.96M	86.41M	71.67M	55.32M	180.09M
SG&A	27.41M	25.32M	22.04M	21.41M	19.45M
Operating Expenses	30.53M	33.11M	29.57M	16.50M	23.77M
Operating Income	180.43M	53.29M	42.10M	38.82M	156.32M
Interest Expense	-119.70M	—	—	—	-123.48M
Pretax Income	62.78M	57.95M	43.52M	35.85M	18.13M
Income Tax	33.00K	—	—	—	—
Net Income	59.98M	57.70M	41.98M	40.46M	31.53M
EBITDA	181.27M	55.21M	44.04M	40.76M	157.16M
EBIT	180.43M	53.29M	42.10M	38.82M	156.32M
EPS (Basic)	0.05	0.05	0.04	0.04	0.03
EPS (Diluted)	0.05	0.05	0.04	0.04	0.03
Margins & Efficiency
Gross Margin %	+102.7%	+95.3%	+100.0%	+99.1%	+95.3%
EBITDA Margin %	+88.2%	+60.9%	+61.5%	+73.0%	+83.2%
Net Margin %	+29.2%	+63.6%	+58.6%	+72.4%	+16.7%
Revenue & Income
Revenue	205.42M	90.68M	71.65M	55.85M	188.94M
Revenue as Reported	143.16M	125.11M	104.46M	93.89M	82.22M
Revenue Growth (YoY)	+8.7%	+2.8%	+67.1%	+32.6%	+240.7%
Operating Revenue	46.02M	24.68M	26.05M	27.27M	15.80M
Other Revenue	159.40M	66.00M	45.60M	28.58M	173.15M
Gain (Loss) on Sale of Assets	7.29M	—	—	-7.29M	-13.02M
Gain (Loss) on Sale of Investments	-11.06M	1.34M	-2.07M	-0.65M	2.04M
Currency Exchange Gain (Loss)	5.82M	3.32M	3.49M	4.97M	2.67M
Expenses & Provisions
Cost of Revenue	-5.54M	4.27M	-0.03M	0.53M	8.86M
Selling, General & Admin	27.41M	25.32M	22.04M	21.41M	19.45M
Operating Expenses	30.53M	33.11M	29.57M	16.50M	23.77M
Other Operating Expenses	2.17M	5.87M	5.60M	-6.85M	1.91M
Interest Expense	-119.70M	—	—	—	-123.48M
Asset Writedown	—	—	—	—	-6.40M
D&A For EBITDA	0.84M	1.92M	1.94M	1.93M	0.84M
Profitability & Returns
Gross Profit	210.96M	86.41M	71.67M	55.32M	180.09M
Gross Margin	+102.7%	+95.3%	+100.0%	+99.1%	+95.3%
EBIT	180.43M	53.29M	42.10M	38.82M	156.32M
EBIT Margin	+87.8%	+58.8%	+58.8%	+69.5%	+82.7%
EBITDA	181.27M	55.21M	44.04M	40.76M	157.16M
EBITDA Margin	+88.2%	+60.9%	+61.5%	+73.0%	+83.2%
EBT Excluding Unusual Items	66.55M	56.61M	45.59M	43.79M	35.50M
Pretax Income	62.78M	57.95M	43.52M	35.85M	18.13M
Operating Income	180.43M	53.29M	42.10M	38.82M	156.32M
Operating Margin	+87.8%	+58.8%	+58.8%	+69.5%	+82.7%
Profit Margin	+29.2%	+63.6%	+58.6%	+72.4%	+16.7%
Net Income	59.98M	57.70M	41.98M	40.46M	31.53M
Net Income to Common	59.98M	57.70M	41.98M	40.46M	31.53M
Net Income to Company	62.75M	57.95M	43.52M	35.85M	18.13M
Net Income Growth	+90.2%	+35.7%	+65.5%	+40.6%	+14.1%
Earnings From Continuing Ops.	62.75M	57.95M	43.52M	35.85M	18.13M
Earnings From Discontinued Ops.	—	—	—	—	—
Minority Interest in Earnings	-2.77M	-0.25M	-1.54M	4.61M	13.40M
Income Tax Expense	33.00K	—	—	—	—
Effective Tax Rate	+0.1%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.05	0.05	0.04	0.04	0.03
EPS (Diluted)	0.05	0.05	0.04	0.04	0.03
EPS Growth	+90.2%	+36.8%	+72.7%	+40.6%	+14.1%
Dividend Per Share	0.06	—	—	—	0.05
Shares Change (YoY)	—	-0.01	-0.04	—	—
Shares Outstanding (Basic)	1.12B	1.11B	1.10B	1.12B	1.12B
Shares Outstanding (Diluted)	1.12B	1.11B	1.10B	1.12B	1.12B
Dividend Growth	+20.0%	—	—	—	—
Free Cash Flow	-676.05M	457.73M	31.02M	82.86M	-332.12M
Free Cash Flow Margin	-329.1%	+504.8%	+43.3%	+148.4%	-175.8%
Free Cash Flow Per Share	-0.60	0.41	0.03	0.07	-0.30
Payout Ratio	—	—	—	+138.4%	—

Financials

Quarterly (QAR)

Lesha Bank (QFC)

Quarterly (QAR)