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	1.93B	1.03B	1.57B	1.81B	2.04B
Cost of Revenue	1.30B	0.70B	1.08B	1.12B	1.40B
Gross Profit	632.84M	331.69M	488.53M	695.31M	641.21M
SG&A	398.06M	388.27M	302.75M	363.56M	322.64M
Operating Expenses	309.54M	256.80M	-85.13M	134.70M	236.78M
Operating Income	323.29M	74.88M	573.66M	560.61M	404.43M
Interest Income	51.65M	67.52M	86.88M	66.66M	72.56M
Interest Expense	-247.41M	-249.33M	-247.02M	-164.53M	-118.82M
Pretax Income	404.35M	269.50M	275.05M	394.46M	361.34M
Income Tax	0.51M	2.72M	7.80M	3.98M	5.72M
Net Income	431.31M	425.92M	402.07M	388.11M	325.81M
EBITDA	403.13M	242.68M	701.78M	669.98M	507.17M
EBIT	323.29M	74.88M	573.66M	560.61M	404.43M
EPS (Basic)	0.12	0.12	0.11	0.11	0.09
EPS (Diluted)	0.12	0.12	0.11	0.11	0.09
DPS	0.06	0.06	0.06	0.06	0.06
Margins & Efficiency
Gross Margin %	+32.8%	+32.1%	+31.1%	+38.4%	+31.5%
EBITDA Margin %	+20.9%	+23.5%	+44.6%	+37.0%	+24.9%
Net Margin %	+22.3%	+41.3%	+25.6%	+21.4%	+16.0%
Revenue & Income
Revenue	1.93B	1.03B	1.57B	1.81B	2.04B
Revenue Growth (YoY)	+87.1%	-34.3%	-13.2%	-11.2%	+73.4%
Interest & Investment Income	51.65M	67.52M	86.88M	66.66M	72.56M
Earnings From Equity Investments	88.88M	0.92M	-4.03M	-4.12M	1.12M
Gain (Loss) on Sale of Assets	—	704.21M	-5.21M	-0.24M	-11.46M
Gain (Loss) on Sale of Investments	2.35M	0.98M	11.32M	1.67M	-1.96M
Expenses & Provisions
Cost of Revenue	1.30B	0.70B	1.08B	1.12B	1.40B
Selling, General & Admin	398.06M	388.27M	302.75M	363.56M	322.64M
Operating Expenses	309.54M	256.80M	-85.13M	134.70M	236.78M
Other Operating Expenses	-111.23M	-141.97M	-370.77M	-226.58M	-94.30M
Interest Expense	-247.41M	-249.33M	-247.02M	-164.53M	-118.82M
Legal Settlements	-295.00M	—	—	—	—
Asset Writedown	480.59M	-329.69M	-140.55M	-65.60M	15.47M
D&A For EBITDA	79.83M	167.80M	128.12M	109.36M	102.74M
Profitability & Returns
Gross Profit	632.84M	331.69M	488.53M	695.31M	641.21M
Gross Margin	+32.8%	+32.1%	+31.1%	+38.4%	+31.5%
EBIT	323.29M	74.88M	573.66M	560.61M	404.43M
EBIT Margin	+16.7%	+7.3%	+36.5%	+31.0%	+19.8%
EBITDA	403.13M	242.68M	701.78M	669.98M	507.17M
EBITDA Margin	+20.9%	+23.5%	+44.6%	+37.0%	+24.9%
EBT Excluding Unusual Items	216.41M	-106.01M	409.49M	458.63M	359.29M
Pretax Income	404.35M	269.50M	275.05M	394.46M	361.34M
Operating Income	323.29M	74.88M	573.66M	560.61M	404.43M
Operating Margin	+16.7%	+7.3%	+36.5%	+31.0%	+19.8%
Profit Margin	+22.3%	+41.3%	+25.6%	+21.4%	+16.0%
Net Income	431.31M	425.92M	402.07M	388.11M	325.81M
Net Income to Common	431.31M	425.92M	402.07M	388.11M	325.81M
Net Income to Company	403.84M	427.11M	401.72M	390.48M	355.61M
Net Income Growth	+1.3%	+5.9%	+3.6%	+19.1%	+44.1%
Earnings From Continuing Ops.	403.84M	266.78M	267.25M	390.48M	355.61M
Earnings From Discontinued Ops.	—	160.33M	134.47M	—	—
Minority Interest in Earnings	27.46M	-1.18M	0.35M	-2.36M	-29.81M
Income Tax Expense	0.51M	2.72M	7.80M	3.98M	5.72M
Effective Tax Rate	+0.1%	+1.0%	+2.8%	+1.0%	+1.6%
Per Share & Capital
EPS (Basic)	0.12	0.12	0.11	0.11	0.09
EPS (Diluted)	0.12	0.12	0.11	0.11	0.09
EPS Growth	+1.3%	+5.9%	+3.6%	+19.1%	+44.1%
Dividend Per Share	0.06	0.06	0.06	0.06	0.06
Shares Outstanding (Basic)	3.54B	3.54B	3.54B	3.54B	3.54B
Shares Outstanding (Diluted)	3.54B	3.54B	3.54B	3.54B	3.54B
Dividend Growth	—	—	—	—	+10.0%
Free Cash Flow	-57.34M	-490.41M	19.90M	-360.39M	-10.00M
Free Cash Flow Margin	-3.0%	-47.5%	+1.3%	-19.9%	-0.5%
Free Cash Flow Per Share	-0.02	-0.14	0.01	-0.10	-0.00
Payout Ratio	+45.4%	+46.6%	+48.4%	+50.2%	+54.3%

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	1.93B	1.03B	1.57B	1.81B	2.04B
Cost of Revenue	1.30B	0.70B	1.08B	1.12B	1.40B
Gross Profit	632.84M	331.69M	488.53M	695.31M	641.21M
SG&A	398.06M	388.27M	302.75M	363.56M	322.64M
Operating Expenses	309.54M	256.80M	-85.13M	134.70M	236.78M
Operating Income	323.29M	74.88M	573.66M	560.61M	404.43M
Interest Income	51.65M	67.52M	86.88M	66.66M	72.56M
Interest Expense	-247.41M	-249.33M	-247.02M	-164.53M	-118.82M
Pretax Income	404.35M	269.50M	275.05M	394.46M	361.34M
Income Tax	0.51M	2.72M	7.80M	3.98M	5.72M
Net Income	431.31M	425.92M	402.07M	388.11M	325.81M
EBITDA	403.13M	242.68M	701.78M	669.98M	507.17M
EBIT	323.29M	74.88M	573.66M	560.61M	404.43M
EPS (Basic)	0.12	0.12	0.11	0.11	0.09
EPS (Diluted)	0.12	0.12	0.11	0.11	0.09
DPS	0.06	0.06	0.06	0.06	0.06
Margins & Efficiency
Gross Margin %	+32.8%	+32.1%	+31.1%	+38.4%	+31.5%
EBITDA Margin %	+20.9%	+23.5%	+44.6%	+37.0%	+24.9%
Net Margin %	+22.3%	+41.3%	+25.6%	+21.4%	+16.0%
Revenue & Income
Revenue	1.93B	1.03B	1.57B	1.81B	2.04B
Revenue Growth (YoY)	+87.1%	-34.3%	-13.2%	-11.2%	+73.4%
Interest & Investment Income	51.65M	67.52M	86.88M	66.66M	72.56M
Earnings From Equity Investments	88.88M	0.92M	-4.03M	-4.12M	1.12M
Gain (Loss) on Sale of Assets	—	704.21M	-5.21M	-0.24M	-11.46M
Gain (Loss) on Sale of Investments	2.35M	0.98M	11.32M	1.67M	-1.96M
Expenses & Provisions
Cost of Revenue	1.30B	0.70B	1.08B	1.12B	1.40B
Selling, General & Admin	398.06M	388.27M	302.75M	363.56M	322.64M
Operating Expenses	309.54M	256.80M	-85.13M	134.70M	236.78M
Other Operating Expenses	-111.23M	-141.97M	-370.77M	-226.58M	-94.30M
Interest Expense	-247.41M	-249.33M	-247.02M	-164.53M	-118.82M
Legal Settlements	-295.00M	—	—	—	—
Asset Writedown	480.59M	-329.69M	-140.55M	-65.60M	15.47M
D&A For EBITDA	79.83M	167.80M	128.12M	109.36M	102.74M
Profitability & Returns
Gross Profit	632.84M	331.69M	488.53M	695.31M	641.21M
Gross Margin	+32.8%	+32.1%	+31.1%	+38.4%	+31.5%
EBIT	323.29M	74.88M	573.66M	560.61M	404.43M
EBIT Margin	+16.7%	+7.3%	+36.5%	+31.0%	+19.8%
EBITDA	403.13M	242.68M	701.78M	669.98M	507.17M
EBITDA Margin	+20.9%	+23.5%	+44.6%	+37.0%	+24.9%
EBT Excluding Unusual Items	216.41M	-106.01M	409.49M	458.63M	359.29M
Pretax Income	404.35M	269.50M	275.05M	394.46M	361.34M
Operating Income	323.29M	74.88M	573.66M	560.61M	404.43M
Operating Margin	+16.7%	+7.3%	+36.5%	+31.0%	+19.8%
Profit Margin	+22.3%	+41.3%	+25.6%	+21.4%	+16.0%
Net Income	431.31M	425.92M	402.07M	388.11M	325.81M
Net Income to Common	431.31M	425.92M	402.07M	388.11M	325.81M
Net Income to Company	403.84M	427.11M	401.72M	390.48M	355.61M
Net Income Growth	+1.3%	+5.9%	+3.6%	+19.1%	+44.1%
Earnings From Continuing Ops.	403.84M	266.78M	267.25M	390.48M	355.61M
Earnings From Discontinued Ops.	—	160.33M	134.47M	—	—
Minority Interest in Earnings	27.46M	-1.18M	0.35M	-2.36M	-29.81M
Income Tax Expense	0.51M	2.72M	7.80M	3.98M	5.72M
Effective Tax Rate	+0.1%	+1.0%	+2.8%	+1.0%	+1.6%
Per Share & Capital
EPS (Basic)	0.12	0.12	0.11	0.11	0.09
EPS (Diluted)	0.12	0.12	0.11	0.11	0.09
EPS Growth	+1.3%	+5.9%	+3.6%	+19.1%	+44.1%
Dividend Per Share	0.06	0.06	0.06	0.06	0.06
Shares Outstanding (Basic)	3.54B	3.54B	3.54B	3.54B	3.54B
Shares Outstanding (Diluted)	3.54B	3.54B	3.54B	3.54B	3.54B
Dividend Growth	—	—	—	—	+10.0%
Free Cash Flow	-57.34M	-490.41M	19.90M	-360.39M	-10.00M
Free Cash Flow Margin	-3.0%	-47.5%	+1.3%	-19.9%	-0.5%
Free Cash Flow Per Share	-0.02	-0.14	0.01	-0.10	-0.00
Payout Ratio	+45.4%	+46.6%	+48.4%	+50.2%	+54.3%

Financials

Annual (QAR)

United Dev. Company

Annual (QAR)