Alamar Foods Co. · TADAWUL:6014
Alamar Foods — Q3 2025 Earnings Presentation
20 slides from Alamar Foods's earnings presentation, Nov 6, 2025
Slide 1: Earnings Presentation Q3 2025
Earnings Presentation Q3 2025
Slide 2: Agenda for today's Earnings Call
Agenda for today’s Earnings Call • Q3 2025 Key messages • Alamar at a Glance • Financial Performance • Q&A 6 November 2025 2
Slide 3: Q3 2025 Key messages
Earnings Presentation – 6 November 2025 Q3 2025 Key messages
Slide 4: Executing on our strategic roadmap for profitable growth
Executing on our strategic roadmap for profitable growth We focused on building momentum across our key pillars for profitable growth in Q3 2025 Growth and profitability momentum Brand and offering relevance, customer engagement, innovation A robust foundation to pursue disciplined organic + growth
Slide 5: Strengthening market leadership through the Makkah & Taif acquisition
Strengthening market leadership through the Makkah & Taif acquisition The deal adds scale and control in high-potential markets Context Strategic Rationale • Makkah and Taif are high-promising markets for Domino’s brand given: • Strengthens Alamar’s leadership in Saudi Arabia by expanding direct pre
Slide 6: Driving brand relevance, innovation, and social impact across key markets
Driving brand relevance, innovation, and social impact across key markets Deeper consumer connections through Riyadh Season activation, gaming community campaigns, and innovation initiatives Riyadh Season Focus on innovation • KSA’s flagship event that offers diverse entertainment Innovation is cent
Slide 7: Enhancing profitability through pricing and channel optimization
Enhancing profitability through pricing and channel optimization Higher unit sales in UAE and stronger aggregator margins in KSA Owning value in the UAE pizza segment Integrating aggregators as a profitable sales channel • New pricing architecture introduced to strengthen value-for-money positioning
Slide 8: Expecting a strong close to the year
Expecting a strong close to the year Sales momentum underpinned by Domino’s global brand refresh Domino’s brand refresh Store rollout in 9M 2025 and pipeline for Q4 2025 • Domino’s first major brand refresh in over a decade, aimed at modernizing its visual identity and customer Eight stores were rel
Slide 9: Alamar at a Glance
Earnings Presentation – 6 November 2025 Alamar at a Glance
Slide 10: Leading QSR player in MENA region, backed by strong brands
Leading QSR player in MENA region, backed by strong brands… Number of restaurants by brand 90% 7% 601 627 639 660 65 72 56 62 Domino’s as % of Q3 Dunkin as % of 2025 revenue1 Q3 2025 revenue1 2022 2023 2024 9M 2025 2022 2023 2024 9M 2025 • Top-line performance in Q3 2025 was driven by pricing initia
Slide 11: Advanced digital capabilities, capex-light expansion model and solid cash generation
…with advanced digital capabilities, capex-light expansion model and solid cash generation Alamar is leveraging omni-channel ordering and multiple service … and is well positioned to … supported by strong methods to address evolving consumer preferences… benefit from major trends in digital and deli
Slide 12: Financial Performance
Earnings Presentation – 6 November 2025 Financial Performance
Slide 13: Q3 2025 financial highlights
Q3 2025 financial highlights 237mn 69mn 30mn 16mn SAR SAR SAR SAR Revenues Gross Profit Adj. EBITDA Net Profit to Shareholders +3% YOY +4% YOY +3% YOY -23% YOY 16mn 39mn 23mn 51mn SAR SAR SAR SAR Adj. Net Profit To Shareholders OCF FCF Net Cash +1% YOY +32% YOY -3% YOY -45% YTD * Net
Slide 14: Total store count increased to 732 restaurants, up 5.6% YoY
Total store count increased to 732 restaurants as of September 2025, up 5.6% YoY Group Store Count by Region 3Q 2025 Group Store Count by Brand +16 +7 +11 +5 Brand Q3 24 Q3 25 YoY Change 282 298 167 172 121 128 123 134 Domino’s 630 660 +30 Dunkin’ 63 72 +9 Corporate KSA Corporate GCC & Corporate NA
Slide 15: Solid revenue growth in Q3 2025, supported by a clear value proposition
Solid revenue growth in Q3 2025, supported by a clear value proposition Revenues (SAR mn) 3Q 2025 +3% 229.0 229.2 236.7 236.7 Share of Q3 2025 211.1 revenue in stable currency 88% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Total Revenue Movement by Geography YoY (SAR mn) 3Q 2025 Revenue performance trends Q3 202
Slide 16: Profitability remains strong through disciplined cost management
Profitability remains strong through disciplined cost management Adj. EBITDA Margin (%) 3Q 2025 -0.1pp 12.7% 12.8% 12.5% 12.6% Margin held firm Sales-driven Improved EBITDA Gross margin gains 6.3% despite Ramadan operating leverage driven by pricing offset increased impact, improving and cost contro
Slide 17: Stable underlying performance despite non-recurring items impact
Stable underlying performance despite non-recurring items impact 3Q 2025 EBITDA reconciliation Net Profit to Shareholders (SAR mn) (SAR mn) Q3 2025 -23% 20.3 21.6 Net Income to shareholders 15.7 15.3 15.7 Minority interest (0.3) Finance cost, net 3.2 Zakat and income tax 1.5 (0.9) Depreciation & amo
Slide 18: Strong balance sheet supports consistent dividends
Strong balance sheet supports consistent dividends, as top-line momentum strengthens cash flow 9M 2025 Cash flow performance and balance sheet Cash & Cash Equivalents Movement YTD (SAR mn) • Net operating cash flow rose nearly 32% year-on-year to SAR 39.3 million in Q3 2025, primarily reflecting imp
Slide 19: Sales momentum remained positive in Q3 2025, followed by strong October
Sales momentum remained positive in Q3 2025 despite unfavorable seasonality, followed by strong October Average daily sales Group anuary 2 2 ) Ramadan Summer break Ramadan Summer break Ramadan Summer break 2023 2023 2024 2024 2025 2025 3 3 3 AN FEB MAR A R MA UN UL AUG SE OCT NO DEC AN FEB MAR A R M
Slide 20: Questions & Answers
Questions & Answers ZA