Baladna Q.P.S.C. (QSE:BLDN)

Baladna Q.P.S.C. Income Statement

Financials in millions QAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,193	1,145	1,057	985.62	772.97	752.11
Revenue Growth (YoY)	5.14%	8.37%	7.22%	27.51%	2.77%	247.47%
Cost of Revenue	953.93	930.19	924.61	844.61	628.64	565.67
Gross Profit	239.14	215.04	132.15	141.01	144.32	186.44
Selling, General & Admin	165.28	165.3	162.34	173.66	164.57	198
Other Operating Expenses	-99.28	-110.96	-117.6	-117.63	-127.87	-158.58
Operating Expenses	66	54.34	44.74	56.03	36.69	39.42
Operating Income	173.14	160.7	87.41	84.98	107.63	147.01
Interest Expense	-72.91	-60.97	-68.12	-59.99	-38.43	-38.18
Interest & Investment Income	-	2.22	2.28	11.45	-	-
Currency Exchange Gain (Loss)	0.86	0.86	-3.33	-0.18	2.32	0.09
Other Non Operating Income (Expenses)	-	-	-	-0.1	-0.3	-0.3
EBT Excluding Unusual Items	101.09	102.82	18.24	36.17	71.23	108.63
Gain (Loss) on Sale of Investments	270.52	37.96	30.2	-23.25	10.83	-
Gain (Loss) on Sale of Assets	0.12	0.12	0.06	-0.19	0.03	-0.11
Asset Writedown	45.3	45.3	61.5	68.9	52.47	32.13
Other Unusual Items	-	-	-	-	-0.09	-
Pretax Income	417.04	186.19	110	81.63	134.46	140.64
Income Tax Expense	1.2	0.89	0.61	1.01	0.63	0.22
Earnings From Continuing Operations	415.83	185.3	109.39	80.61	133.84	140.43
Minority Interest in Earnings	-0.23	-0.29	0.24	-	-	-
Net Income	415.6	185.01	109.63	80.61	133.84	140.43
Net Income to Common	415.6	185.01	109.63	80.61	133.84	140.43
Net Income Growth	147.75%	68.76%	36.00%	-39.77%	-4.69%	10923.12%
Shares Outstanding (Basic)	2,001	2,001	2,001	2,001	2,001	1,956
Shares Outstanding (Diluted)	2,001	2,001	2,001	2,001	2,001	1,956
Shares Change (YoY)	-	-	-	-	2.33%	-
EPS (Basic)	0.21	0.09	0.05	0.04	0.07	0.07
EPS (Diluted)	0.21	0.09	0.05	0.04	0.07	0.07
EPS Growth	147.75%	68.76%	36.00%	-39.77%	-6.86%	-
Free Cash Flow	31.09	76.44	-64.69	-332.02	-4.44	65.51
Free Cash Flow Per Share	0.02	0.04	-0.03	-0.17	-0.00	0.03
Dividend Per Share	-	-	0.066	-	0.050	0.065
Dividend Growth	-	-	-	-	-22.33%	-
Gross Margin	20.04%	18.78%	12.50%	14.31%	18.67%	24.79%
Operating Margin	14.51%	14.03%	8.27%	8.62%	13.92%	19.55%
Profit Margin	34.84%	16.16%	10.37%	8.18%	17.32%	18.67%
Free Cash Flow Margin	2.61%	6.67%	-6.12%	-33.69%	-0.57%	8.71%
EBITDA	303.08	284.39	217.84	212.74	220.62	246.1
EBITDA Margin	25.40%	24.83%	20.61%	21.58%	28.54%	32.72%
D&A For EBITDA	129.94	123.69	130.42	127.76	112.99	99.09
EBIT	173.14	160.7	87.41	84.98	107.63	147.01
EBIT Margin	14.51%	14.03%	8.27%	8.62%	13.92%	19.55%
Effective Tax Rate	0.29%	0.48%	0.55%	1.24%	0.47%	0.15%
Advertising Expenses	-	31.04	28.75	28.56	31.31	-

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.