The Investors

Qatari Investors Group

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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	552.48M	501.36M	515.23M	743.60M	691.67M
Cost of Revenue	346.47M	261.33M	245.76M	380.77M	401.37M
Gross Profit	206.01M	240.03M	269.48M	362.83M	290.30M
SG&A	88.11M	85.69M	95.73M	100.67M	90.83M
Operating Expenses	88.11M	85.69M	95.73M	100.67M	90.83M
Operating Income	117.90M	154.34M	173.75M	262.16M	199.47M
Interest Income	20.34M	24.39M	31.41M	18.06M	9.29M
Interest Expense	-34.33M	-38.13M	-41.41M	-41.30M	-41.68M
Other Income/Expense	19.79M	17.84M	30.87M	5.20M	6.73M
Pretax Income	147.87M	170.07M	191.58M	198.98M	187.76M
Income Tax	3.42M	5.13M	5.04M	8.60M	5.15M
Net Income	144.43M	165.28M	186.51M	192.17M	188.12M
EBITDA	178.10M	220.69M	248.81M	333.18M	247.37M
EBIT	117.90M	154.34M	173.75M	262.16M	199.47M
EPS (Basic)	0.12	0.13	0.15	0.15	0.15
EPS (Diluted)	0.12	0.13	0.15	0.15	0.15
DPS	0.10	0.13	0.15	0.15	0.10
Margins & Efficiency
Gross Margin %	+37.3%	+47.9%	+52.3%	+48.8%	+42.0%
EBITDA Margin %	+32.2%	+44.0%	+48.3%	+44.8%	+35.8%
Net Margin %	+26.1%	+33.0%	+36.2%	+25.8%	+27.2%
Revenue & Income
Revenue	552.48M	501.36M	515.23M	743.60M	691.67M
Revenue Growth (YoY)	+10.2%	-2.7%	-30.7%	+7.5%	-1.3%
Interest & Investment Income	20.34M	24.39M	31.41M	18.06M	9.29M
Earnings From Equity Investments	16.64M	-4.12M	12.78M	10.17M	12.70M
Gain (Loss) on Sale of Assets	2.27M	2.74M	—	—	—
Expenses & Provisions
Cost of Revenue	346.47M	261.33M	245.76M	380.77M	401.37M
Selling, General & Admin	88.11M	85.69M	95.73M	100.67M	90.83M
Operating Expenses	88.11M	85.69M	95.73M	100.67M	90.83M
Interest Expense	-34.33M	-38.13M	-41.41M	-41.30M	-41.68M
Other Non Operating Income (Expenses)	19.79M	17.84M	30.87M	5.20M	6.73M
Asset Writedown	0.71M	13.02M	-3.82M	15.01M	1.25M
Impairment of Goodwill	—	—	-12.00M	-70.31M	—
D&A For EBITDA	60.20M	66.35M	75.06M	71.02M	47.89M
Profitability & Returns
Gross Profit	206.01M	240.03M	269.48M	362.83M	290.30M
Gross Margin	+37.3%	+47.9%	+52.3%	+48.8%	+42.0%
EBIT	117.90M	154.34M	173.75M	262.16M	199.47M
EBIT Margin	+21.3%	+30.8%	+33.7%	+35.3%	+28.8%
EBITDA	178.10M	220.69M	248.81M	333.18M	247.37M
EBITDA Margin	+32.2%	+44.0%	+48.3%	+44.8%	+35.8%
EBT Excluding Unusual Items	140.35M	154.32M	207.39M	254.28M	186.51M
Pretax Income	147.87M	170.07M	191.58M	198.98M	187.76M
Operating Income	117.90M	154.34M	173.75M	262.16M	199.47M
Operating Margin	+21.3%	+30.8%	+33.7%	+35.3%	+28.8%
Profit Margin	+26.1%	+33.0%	+36.2%	+25.8%	+27.2%
Net Income	144.43M	165.28M	186.51M	192.17M	188.12M
Net Income to Common	144.43M	165.28M	186.51M	192.17M	188.12M
Net Income Growth	-12.6%	-11.4%	-2.9%	+2.2%	+122.5%
Earnings From Continuing Ops.	144.45M	164.94M	186.54M	190.37M	182.61M
Minority Interest in Earnings	-0.02M	0.34M	-0.03M	1.79M	5.50M
Income Tax Expense	3.42M	5.13M	5.04M	8.60M	5.15M
Effective Tax Rate	+2.3%	+3.0%	+2.6%	+4.3%	+2.7%
Per Share & Capital
EPS (Basic)	0.12	0.13	0.15	0.15	0.15
EPS (Diluted)	0.12	0.13	0.15	0.15	0.15
EPS Growth	-12.6%	-11.4%	-2.9%	+2.2%	+122.5%
Dividend Per Share	0.10	0.13	0.15	0.15	0.10
Shares Outstanding (Basic)	1.24B	1.24B	1.24B	1.24B	1.24B
Shares Outstanding (Diluted)	1.24B	1.24B	1.24B	1.24B	1.24B
Dividend Growth	-23.1%	-13.3%	—	+50.0%	+66.7%
Free Cash Flow	199.63M	168.86M	179.12M	245.60M	384.70M
Free Cash Flow Margin	+36.1%	+33.7%	+34.8%	+33.0%	+55.6%
Free Cash Flow Per Share	0.16	0.14	0.14	0.20	0.31
Payout Ratio	+111.9%	+112.8%	+100.0%	+64.7%	+39.7%
Supplemental
Other Unusual Items	4.54M	—	—	—	—

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	552.48M	501.36M	515.23M	743.60M	691.67M
Cost of Revenue	346.47M	261.33M	245.76M	380.77M	401.37M
Gross Profit	206.01M	240.03M	269.48M	362.83M	290.30M
SG&A	88.11M	85.69M	95.73M	100.67M	90.83M
Operating Expenses	88.11M	85.69M	95.73M	100.67M	90.83M
Operating Income	117.90M	154.34M	173.75M	262.16M	199.47M
Interest Income	20.34M	24.39M	31.41M	18.06M	9.29M
Interest Expense	-34.33M	-38.13M	-41.41M	-41.30M	-41.68M
Other Income/Expense	19.79M	17.84M	30.87M	5.20M	6.73M
Pretax Income	147.87M	170.07M	191.58M	198.98M	187.76M
Income Tax	3.42M	5.13M	5.04M	8.60M	5.15M
Net Income	144.43M	165.28M	186.51M	192.17M	188.12M
EBITDA	178.10M	220.69M	248.81M	333.18M	247.37M
EBIT	117.90M	154.34M	173.75M	262.16M	199.47M
EPS (Basic)	0.12	0.13	0.15	0.15	0.15
EPS (Diluted)	0.12	0.13	0.15	0.15	0.15
DPS	0.10	0.13	0.15	0.15	0.10
Margins & Efficiency
Gross Margin %	+37.3%	+47.9%	+52.3%	+48.8%	+42.0%
EBITDA Margin %	+32.2%	+44.0%	+48.3%	+44.8%	+35.8%
Net Margin %	+26.1%	+33.0%	+36.2%	+25.8%	+27.2%
Revenue & Income
Revenue	552.48M	501.36M	515.23M	743.60M	691.67M
Revenue Growth (YoY)	+10.2%	-2.7%	-30.7%	+7.5%	-1.3%
Interest & Investment Income	20.34M	24.39M	31.41M	18.06M	9.29M
Earnings From Equity Investments	16.64M	-4.12M	12.78M	10.17M	12.70M
Gain (Loss) on Sale of Assets	2.27M	2.74M	—	—	—
Expenses & Provisions
Cost of Revenue	346.47M	261.33M	245.76M	380.77M	401.37M
Selling, General & Admin	88.11M	85.69M	95.73M	100.67M	90.83M
Operating Expenses	88.11M	85.69M	95.73M	100.67M	90.83M
Interest Expense	-34.33M	-38.13M	-41.41M	-41.30M	-41.68M
Other Non Operating Income (Expenses)	19.79M	17.84M	30.87M	5.20M	6.73M
Asset Writedown	0.71M	13.02M	-3.82M	15.01M	1.25M
Impairment of Goodwill	—	—	-12.00M	-70.31M	—
D&A For EBITDA	60.20M	66.35M	75.06M	71.02M	47.89M
Profitability & Returns
Gross Profit	206.01M	240.03M	269.48M	362.83M	290.30M
Gross Margin	+37.3%	+47.9%	+52.3%	+48.8%	+42.0%
EBIT	117.90M	154.34M	173.75M	262.16M	199.47M
EBIT Margin	+21.3%	+30.8%	+33.7%	+35.3%	+28.8%
EBITDA	178.10M	220.69M	248.81M	333.18M	247.37M
EBITDA Margin	+32.2%	+44.0%	+48.3%	+44.8%	+35.8%
EBT Excluding Unusual Items	140.35M	154.32M	207.39M	254.28M	186.51M
Pretax Income	147.87M	170.07M	191.58M	198.98M	187.76M
Operating Income	117.90M	154.34M	173.75M	262.16M	199.47M
Operating Margin	+21.3%	+30.8%	+33.7%	+35.3%	+28.8%
Profit Margin	+26.1%	+33.0%	+36.2%	+25.8%	+27.2%
Net Income	144.43M	165.28M	186.51M	192.17M	188.12M
Net Income to Common	144.43M	165.28M	186.51M	192.17M	188.12M
Net Income Growth	-12.6%	-11.4%	-2.9%	+2.2%	+122.5%
Earnings From Continuing Ops.	144.45M	164.94M	186.54M	190.37M	182.61M
Minority Interest in Earnings	-0.02M	0.34M	-0.03M	1.79M	5.50M
Income Tax Expense	3.42M	5.13M	5.04M	8.60M	5.15M
Effective Tax Rate	+2.3%	+3.0%	+2.6%	+4.3%	+2.7%
Per Share & Capital
EPS (Basic)	0.12	0.13	0.15	0.15	0.15
EPS (Diluted)	0.12	0.13	0.15	0.15	0.15
EPS Growth	-12.6%	-11.4%	-2.9%	+2.2%	+122.5%
Dividend Per Share	0.10	0.13	0.15	0.15	0.10
Shares Outstanding (Basic)	1.24B	1.24B	1.24B	1.24B	1.24B
Shares Outstanding (Diluted)	1.24B	1.24B	1.24B	1.24B	1.24B
Dividend Growth	-23.1%	-13.3%	—	+50.0%	+66.7%
Free Cash Flow	199.63M	168.86M	179.12M	245.60M	384.70M
Free Cash Flow Margin	+36.1%	+33.7%	+34.8%	+33.0%	+55.6%
Free Cash Flow Per Share	0.16	0.14	0.14	0.20	0.31
Payout Ratio	+111.9%	+112.8%	+100.0%	+64.7%	+39.7%
Supplemental
Other Unusual Items	4.54M	—	—	—	—