MEEZA QSTP-LLC (Public) (“MEEZA” or “the Company”) announced its financial results for the first quarter ended 31 March 2025.

Financial Summary

MEEZA’s Net Profit reached QR 13.1 million in the first quarter, representing a 12.5% (or QR 1.5 million) increase over the same period last year, with Earnings Per Share (EPS) of QR 0.02.  Net Profit Margin for the period improved by 1.4 percentage points to 15.3%, driven by higher data center utilization and an increasingly rationalized cost base.

The Company achieved total revenue of QR 85.8 million, increasing 1.9% (or QR 1.6 million) year-on-year. Higher data center utilization and cost optimization led to a 2.4% increase in the Company’s gross profit versus last year, reaching QR 26.8 million, while EBITDA was consistent at QR 27.3 million for the period.

MEEZA maintained a healthy financial position with a cash balance of QR 233.8 million, in addition to QR 1.6 billion in future committed contract value.