Sustained Infrastructure Holding Company · TADAWUL:2190
Sustained Infrastructure — Sustainable Infrastructure Holding Company — Q3 2025 Earnings Presentation
30 slides from Sustained Infrastructure's earnings presentation, November 2025
Slide 1: Sustainable Infrastructure Holding Company Q3 2025 Earnings Presentation
SUSTAINABLE INFRASTRUCTURE HOLDING COMPANY Q3 2025 EARNINGS PRESENTATION
Slide 2: Agenda
AGENDA Contents Slide No. 1. HIGHLIGHTS Q3 2025 3 2. FINANCIAL PERFORMANCE 5 3. PORTFOLIO PERFORMANCE 10 7. APPENDIX 17 sisco.com.sa 2
Slide 3: Highlights Q3 2025
HIGHLIGHTS Q 2028 \e
Slide 4: Operational Highlights Q3 2025
Operational Highlights Q3 2025 Ports M&A Commencement of MPT Operations 2 New Acquisitions: Financial impact of new concessions is PSS and Transcorp reflected in Q3 2025. sisco.com.sa 4
Slide 5: Financial Performance
FINANCIAL PERFORMANCE
Slide 6: Income Statement Highlights
Income Statement Highlights SAR millions (adjusted: excludes accounting construction revenue) GROUP REVENUE GROSS PROFIT & MARGIN 12.8% -0.7% 51.3% 52.0% 11.6% 1017.2 -5.3% 522.3 901.9 469.5 52.6% 47.3% 341.7 381.1 179.8 180.1 Q3'24 Q3'25 2024 2025 Q3'24 Q3'25 2024 2025 QUARTERLY YTD QUARTERLY YTD •
Slide 7: OPEX and Financial charges
OPEX and Financial charges SAR millions OPERATING EXPENSES FINANCE CHARGES 5.8% F/V Fees Others 218.9 225.5 186.8 89.6 79.6 20.7% 176.5 74.2 79.5 76.9 24.9 129.3 145.9 63.7 31.0 43.2 54.6 Q3'24 Q3'25 2024 2025 Q3'24 Q3'25 2024 2025 YTD QUARTERLY YTD QUARTERLY • Operating expenses increased 5.8% YoY
Slide 8: Income from equity accounted associates
Income from equity accounted associates SAR millions Income for equity accounted associates (M SAR) Quarterly YTD Q3’24 Q3’25 2024 2025 -31.1% 27.4 28.2 27.4 Tawzea 7.8 4.0 -17.9 11.6 110.3% 11.9 3.9 8.2 8.2 S.A.Talke 6.0 5.7 17.2 20.4 Q3'24 Q3'25 Q3'24 Q3'25 2024 2025 2024 2025 Reported Adjusted Re
Slide 9: EBITDA
EBITDA SAR millions Reported EBITDA & MARGIN ADJUSTED EBITDA & MARGIN 56.7% 62.6% 56.7% 54.7% 576.8 564.5 576.8 57.0% 49.5% 493.5 66.7 % 49.5% 194.8 188.5 227.8 188.5 Q3'24 Q3'25 2024 2025 Q3'24 Q3'25 2024 2025 QUARTERLY YTD QUARTERLY YTD • Adjusted EBIDTA increased YoY by 2.2% as an increase in GP
Slide 10: Net Income
Net Income SAR millions Reported NET INCOME & MARGIN ADJUSTED NET INCOME & MARGIN 6.1% 6.1% 5.8% 61.7 4.5% 61.7 6.9% 52.7 16.9 4.5% -9.4 -20.1 23.6 -2.8% 16.9 -2.2% Q3'24 Q3'25 2024 2025 Q3'24 Q3'25 2024 2025 QUARTERLY YTD QUARTERLY YTD • Reported net income in Q3 FY25 was impacted by pre operating
Slide 11: Portfolio Performance
PORTFOLIO PERFORMANCE |
Slide 12: Ports Saudi Q3'FY25 - QoQ
Ports Saudi Q3’FY25 - QoQ SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME Consignee Transhipment Gateway (TEUS ‘000) 56.6% Gateway Transhipment 302.6 281.1 47.6% 829 770 96.6 109.3 383 41.5 389 159.1 41.2 144.0 164.5 130.6 446 381 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 • Revenue increased mainly due
Slide 13: Ports Saudi Q3'FY25 - YTD
Ports Saudi Q3’FY25 - YTD SAR millions GROSS PROFIT & MARGIN VOLUME REVENUE (TEUS ‘000) Gateway Transhipment Consignee Gateway Transhipment 53.1% 814.9 2,230.6 2,235.9 54.6% 737.4 307.6 1,035.0 1,069.0 286.8 432.6 113.8 110.4 402.7 1,195.6 1,166.9 340.2 393.5 2024 2025 2024 2025 2024 2025 • Revenue
Slide 14: Ports Int'l Q3'FY25 - QoQ
Ports Int’l Q3’FY25 - QoQ SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME Consignee Gateway (TEUS ‘000) 31.0% Gateway 6.6 21.3 -1.9 10.8 53 -202.8% 10.5 15 1.8 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 • Revenue & GP increased due to higher volumes compared to last year (Startup phase) sisco.com.sa 14
Slide 15: Ports Int'l Q3'FY25 - YTD
Ports Int’l Q3’FY25 - YTD SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME Consignee Gateway (TEUS ‘000) Gateway 34.4 12.4% 15.7 4.2 -5.1 102 18.6 -232.6% 2.2 1.8 2.2 18 2024 2025 2024 2025 2024 2025 • Revenue & GP increased due to higher volumes compared to last year (Startup phase) sisco.com.sa 1
Slide 16: Logistics Q3'FY25 - QoQ
Logistics Q3’FY25 - QoQ SAR millions REVENUE GROSS PROFIT & MARGIN OCCUPANCY (%) Land Warehouse Service Land Warehouse 48.5% 32.6 32.2 88% 88% 15.5 13.5 29.0% 15.6 11.9 13.2 9.5 56% 62% 5.2 5.5 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 • Revenue remain flat QoQ due to product mix. • Gross profit margin in
Slide 17: Logistics Q3'FY25 - YTD
Logistics Q3’FY25 - YTD SAR millions REVENUE GROSS PROFIT & MARGIN OCCUPANCY (%) Land Warehouse Service 48.3% Land Warehouse 98.3 39.8% 89.5 41.4 85% 88% 40.7 47.5 35.7 31.5 40.6 62% 59% 17.3 16.3 2024 2025 2024 2025 2024 2025 • Revenue up 9.8% Y-Y to SAR 8.8m. • Gross profit margin increased to 48.
Slide 18: Water Solutions Q3'FY25 - QoQ
Water Solutions Q3’FY25 - QoQ SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME, WATER SOLD (MN M3) Tawzea Others Other Revenue 49.1% 51.9% Tawzea Others 26.1 25.7 4.6 4.3 3.6 1.1 1.4 1.7 8.2 10.4 12.8 13.4 2.9 2.9 14.3 14.2 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 • Revenue slightly declined by 1.5% QoQ
Slide 19: Water Solutions Q3'FY25 - YTD
Water Solutions Q3’FY25 - YTD SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME, WATER SOLD (MN M3) Tawzea Others Other Revenue Tawzea Others 48.6% 51.0% 72.7 71.5 11.9 12.7 9.7 3.2 3.7 4.6 22.2 28.3 35.3 36.5 8.2 8.1 40.8 40.0 2024 2025 2024 2025 2024 2025 • Revenue declined by 1.6% Y-Y to SAR 71.5
Slide 20: Appendix
APPENDIX
Slide 21: Revenue And Gross Profit Composition
Revenue And Gross Profit Composition Ports Logistics Water SAR millions Revenue Composition Gross Profit Composition 6.6% 179.8 180.1 8.4% 160.0 7.6% 12.8 13.3 9.5% 9.5 11.3 15.6 16.9 157.6 151.2 131.8 82.9% Inner | Q3 2024 85.0% Outer | Q3 2025 Q3'24 Q2'25 Q3'25 Group Revenue Composition Gross Marg
Slide 22: Strategic Objectives
Strategic Objectives Revenue of SAR Target ROIC of 1 2 billion by 2026 more than 12% Targeting 50% revenue and 2 net income contribution from Logistics and Water segments Strong total Sustainable 3 returns for dividend shareholders distribution sisco.com.sa 22
Slide 23: 6X26 Strategy Implementation Key Updates
6X26 Strategy Implementation Key Updates Logistics • Increased bonded zone RSGT Bangladesh warehouse capacity to commenced operations in 120k m2 June 2024 • Work has commenced on • Additional concessions being 1. Fortify national championship pursued in East and West Africa Khumra Logistics Park a
Slide 24: Tawzea Q3'FY25
Tawzea Q3’FY25 SAR millions Q3 REPORTED NET REVENUE ADJUSTED GROSS PROFIT & INCOME (MARGIN) MARGIN SAR 8.1m (5.1%) 13.6% 12.0% 165.0% Y-Y 11.9% 158.2 159.2 19.1 21.4 SISCO SHARE OF Q3 16.7 ADJUSTED NET INCOME 140.3 SAR 4.0m Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 165.0% Y-Y • Revenue increased slightly
Slide 25: SA Talke Q3'FY25
SA Talke Q3’FY25 SAR millions Q3 NET INCOME REVENUE GROSS PROFIT & MARGIN 28.5% SAR 17.4 m 26.3% 26.3% 22.0% Y-Y 27.5 96.4 92.3 24.2 SISCO SHARE OF Q3 81.4 21.4 NET INCOME SAR 5.7 m Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 18.7% Y-Y • Revenue increased in Q3’25 compared to Q3’24, up 13.3% • Gross profit
Slide 26: Income Statement - Quarterly
Income Statement - Quarterly SAR 000 Q3 2024 Q3 2025 Variance Q2 2025 Operational Revenue 341.8 381.1 11.5% 307.3 Direct Costs (161.9) (200.9) 24.1% (147.3) Gross Profit 179.9 180.2 0.2% 160.0 Operating expenses (63.7) (76.8) 20.6% (57.6) Operating Profit 116.2 103.4 -11.0% 102.5 Share of profit fro
Slide 27: Balance Sheet
Balance Sheet YE 2024 YTD 2025 Fixed Assets 4,382.8 4,629.4 Investments 260.6 285.6 Other Long-Term Assets 14.5 14.5 Current Assets 1,372.7 1,364.0 Total Assets 6,030.6 6,293.5 Borrowings 1,255.8 1,164.5 Long Term Liabilities 1,711.7 1,952.7 Current Liabilities (excl. borrowings) 655.3 707.4 Total L
Slide 28: Cash Flow Statement
Cash Flow Statement YE 2024 YTD 2025 Operating cash flow before working capital 681.1 544.4 SAR million YE 2024 YTD 2025 Net working capital movement (334.9) (179.7) Cash At Center 315.8 298.7 Cash generated from operating activities 346.2 364.7 Cash At Affiliates 569.2 623.6 Finance charges, Zakat
Slide 29: Disclaimer
Disclaimer • This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. • This presentation has been prepared by SUSTAINABLE INF
Slide 30: sisco.com.sa
€ sisco.com.sa ™ @
Sustainable Infrastructure Holding Company — Q3 2025 Earnings Presentation on 6ix