Synopsis For Technology Services — Confidential Report

Company Profile & Historical Performance

Investor Memorandum · March 2026

Synopsis For
Technology Services ×
InCloud ITES

Incorporated Kingdom of Bahrain, 2017

Operating History 8 Years

Partner Status Cloudflare Premier Partner

Focus MEA Cybersecurity Distribution

Year Incorporated

2017

Kingdom of Bahrain
CR Registered Entity

Cumulative Revenue Since Founding

$21M+

Total transactions
2017 – March 2026

Countries Served

MEA · Europe
Central Asia

2025 Revenue

$8.8M

9.7% EBITDA Margin
Full Year Accrual

Geographical Reach & Client Distribution · 18 Countries Served · Lifetime Billing

▾

TOP 18 · Revenue Since 2017

Synopsis has built a multi-regional client base spanning the Middle East, Africa, Europe, and Central Asia — with KSA representing the dominant market at $11M in lifetime billing. The portfolio demonstrates deep MEA penetration, supporting the company's position as a premier Cloudflare partner across high-growth emerging markets.

🇸🇦

Saudi Arabia (KSA)

$11M

51.6%

🇦🇪

UAE

$3.8M

17.8%

🇹🇷

Turkey

$2.4M

11.3%

🇿🇦

South Africa

$1M

4.7%

🇦🇴

Angola

$757K

3.5%

🇬🇧

$493K

2.3%

🇵🇸

Palestine

$439K

2.1%

🇯🇴

Jordan

$276K

1.3%

🇬🇲

Gambia

$192K

0.9%

#10

🇺🇬

Uganda

$186K

0.9%

#11

🇱🇧

Lebanon

$171K

0.8%

#12

🇧🇭

Bahrain

$160K

0.8%

#13

🇶🇦

Qatar

$147K

0.7%

#14

🇴🇲

Oman

$98K

0.5%

#15

🇰🇪

Kenya

$86K

0.4%

#16

🇧🇪

Belgium

$67K

0.3%

#17

🇩🇪

Germany

$53K

0.2%

#18

🇸🇪

Sweden

$6.5K

0.0%

Gulf / GCC ~$15.2M · 71.3%

Levant & Africa ~$3.6M · 16.9%

Europe ~$620K · 2.9%

Turkey ~$2.4M · 11.3%

Page 2 — 2025 Financial Statement

2025 Financial Statement

2025 Financial BHD

Currency

Synopsis For Technology Services W.L.L. · Bahraini Dinar · Base Currency

● BHD — BAHRAINI DINAR

Reporting Period 01 January – 31 December 2025

Accounting Basis Accrual

Prepared As Of 31 December 2025

Currency Bahraini Dinar (BHD)

Total Revenue

3,300,000

BHD

100% of Revenue

Gross Profit

517,000

BHD

15.7% Gross Margin

Total Expenses

2,980,738

BHD

90.3% of Revenue

Net Profit

319,837

BHD

9.7% Net Margin

Revenue Allocation

Goods Cost 84.3%

Salaries 4.7%

3rd Party 0.9%

Other 0.3%

Profit 9.7%

Operating Income · BD BD 3,300,000.000

▾

Total Revenue	3,300,000.000
Goods Cost	2,783,000.000
Gross Profit	517,000.000

Operating Expenses · BD BD 2,980,738.076

▾

Advertising & Marketing	610.000
Bank Fees & Charges	1,515.847
Electricity Expenses	121.000
Emails Expenses	961.900
Financial & Consulting Expenses	3,775.700
Foreign Currency Exchange Loss	199.300
Governmental Fees	1,835.410
Rent Expense	4.000
Travel Expense	906.390
Salaries & Wages	156,854.685
3rd Party Expenses
Bullfrog Consulting Expenses	6,327.130
Capital Commercial Expenses	11,201.594
INCLOUD Expenses	8,206.280
Ireland Limited Expenses	1,425.820
IX-Cloud Expenses	914.160
ZKM Consulting Expenses	2,878.860
Total 3rd Party Expenses	30,953.844

Total Operating Expenses	2,980,738.076

Profit Summary & Non-Operating · Net Profit BD BD 319,837.000

▾

Operating Profit	319,837.000


NET PROFIT / (LOSS)	BHD 319,837.000