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

Financial Summary

Looking at the financial performance, MEEZA’s Net Profit reached QR 66.5 million in FY2025, representing a 10.1% (or QR 6.1 million) increase over the same period last year, with Earnings Per Share (EPS) of QR 0.10.  Net Profit Margin improved by 0.4 percentage points to 16.5%.

The Company achieved Total Revenue of QR 403.3 million, increasing 7.8% (or QR 29.0 million) year-on-year due to a growth in Data Center, Managed Services and Solution Services revenue.

Despite a one-off Data Center electricity adjustment in 2024, Gross Profit improved by 5.4% year over year, reaching QR 124.7 million and EBITDA improved by 3.8% to QR 127.9 million.

MEEZA maintained a healthy financial position with QR 126.2 million net cash, in addition to QR 2.9 billion in future committed contract value.

Based on these results, the Board of Directors of MEEZA has proposed a cash dividend of QR 55.2 million (i.e. QR 0.085 per share) subject to the approval of the Annual General Assembly.

Operational Highlights

The story of 2025 for MEEZA has been the growth of its Data Center pipeline.

• M-Vault 4: 4-megawatt expansion is on track to be delivered in H1 this year, with the additional capacity already sold.
• M-Vault 6: MEEZA’s flagship 24-megawatt Data Center campus in Um Garn is under construction with the first 6-megawatts planned to be operational by the end of 2027.
• M-Vault 7: The Company has reached the final stages of design for its 16-megawatt M-Vault 7 data center facility in Qatar Science and Technology Park and expect it to begin construction later this year.

MEEZA also entered into an agreement in December 2025 to acquire a majority stake in Black Arrow, a systems integration company specializing in security, audiovisual and operational technology systems operating in Qatar.

Commenting on MEEZA’s results, H.E. Sheikh Hamad bin Abdullah bin Jassim Al Thani, Chairman of the Board, said:

“The Company’s strategy and management efforts were reflected in its strong performance during the year, with Net Profit increasing by 10% compared to the previous year. MEEZA has commenced projects as part of its vision to become a leading IT and data center provider, supporting the State’s ambitions under Qatar National Vision 2030 and the Qatar Digital Agenda 2030. The Company intends to quadruple its current data center capacity over the next four years.”

Mr. Mohammed Ali Al-Ghaithani, Chief Executive Officer of MEEZA, added:

“MEEZA continues its leadership journey in Data Center and Managed IT services across the Middle East and North Africa. The Company delivered outstanding results across its core segments, contributing to improved profit margins. We will continue to strengthen our Data Center capabilities to meet growing demand for artificial intelligence technologies, high-performance computing, cloud services, and cybersecurity solutions, both within Qatar and internationally, across key industries including financial services, healthcare, government, and smart cities.”