Alamar Foods Co. · TADAWUL:6014
Alamar Foods — Q1 2026 Earnings Presentation
21 slides from Alamar Foods's earnings presentation, May 19, 2026
Slide 1: Earnings Presentation Q1 2026
Earnings Presentation Q1 2026 5/14/2026
Slide 2: Agenda for today's Earnings Call
Agenda for today’s Earnings Call • Q1 2026 Key messages • Alamar at a Glance • Financial Performance • Q&A 19 May 2026 2
Slide 3: Q1 2026 Key messages
Earnings Presentation – 19 May 2026 Q1 2026 Key messages
Slide 4: Strong start to 2026, with double-digit revenue growth and margin expansion
Strong start to 2026, with double-digit revenue growth and margin expansion Q1 2026 FY 2026 Outlook1 Comment vs. Q1 2025 vs. FY 2025 • Strong start to the year across brands and markets, with revenue up 12.2% YoY to SAR 236.9m • KSA underlying performance remained resilient in a Revenue growth compe
Slide 5: Disciplined expansion and network upgrades on track
Disciplined expansion and network upgrades on track Strategic priorities for 2026 Q1 Progress • Opened 2 new stores in Q1, with 2 additional stores opened shortly after quarter-end and 11 stores currently under • Open ca. 30 net new stores construction across markets Disciplined expansion and 1. • F
Slide 6: Five Guys transaction completed in April, Makkah & Taif momentum sustained
Five Guys transaction completed in April, Makkah & Taif momentum sustained Strategic priorities for 2026 Q1 Progress • Completed Five Guys KSA acquisition in April, adding 13 restaurants and consolidating from 29 April 2026 Integration of strategic • Complete Five Guys acquisition and integration •
Slide 7: Customer experience strengthened through product and service initiatives
Customer experience strengthened through product and service initiatives Strategic priorities for 2026 Q1 Progress • Pasta rollout in KSA showing encouraging traction, supporting broader meal occasions and attracting new customers • Operate as a digital-first company to strengthen direct relationshi
Slide 8: Operating excellence focused on margin quality and agility
Operating excellence focused on margin quality and agility Strategic priorities for 2026 Q1 Progress • Refined pricing, promotions and bundle architecture to improve • Refine channel mix value perception while protecting margin quality • Scale proven initiatives • Managed aggregator and owned-channe
Slide 9: Brand relevance expanded across customer moments and social impact
Brand relevance expanded across customer moments and social impact Strategic priorities for 2026 Q1 Progress • Expanded occasion-led engagement through Solo Meal and • Roll out Domino’s brand refresh late-night propositions, strengthening relevance beyond • Reinforce relevance with new generations t
Slide 10: Alamar at a Glance
Earnings Presentation – 19 May 2026 Alamar at a Glance
Slide 11: 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 93% 6% 627 639 668 673 72 72 601 62 65 56 Domino’s as % of Q1 Dunkin as % of 2026 revenue1 Q1 2026 revenue1 2022 2023 2024 2025 Q1 26 2022 2023 2024 2025 Q1 26 Number of restaurants by region 597 Corporate | 7
Slide 12: 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 digital methods to address evolving consumer preferences… benefit from major trends in and deli
Slide 13: Financial Performance
Earnings Presentation – 19 May 2026 Financial Performance
Slide 14: Q1 2026 financial highlights
Q1 2026 financial highlights 237mn 67mn 17mn 2mn SAR SAR SAR SAR Revenues Gross Profit Adj. EBITDA Net Profit to Shareholders +12% YOY +20% YOY +31% YOY vs. net loss of 0.9mn in Q1 2025 3mn 44mn 35mn 39mn SAR SAR SAR SAR Adj. Net Profit To Shareholders OCF FCF Net Cash +353% YOY +268
Slide 15: Total store count increased to 745 restaurants as of March 2026, up 4.9% YoY
Total store count increased to 745 restaurants as of March 2026, up 4.9% YoY Group Store Count by Region Q1 2026 Group Store Count by Brand +39 -20 (+10 excl. Makkah) +6 +9 (+9 excl. Makkah) Brand Q1 25 Q1 26 YoY Change 328 289 168 148 Domino’s 644 673 +29 127 133 127 136 Dunkin’ 67 72 +5 Corporate
Slide 16: Double-digit YoY revenue growth, with solid KSA performance and strong momentum
Double-digit YoY revenue growth, with solid KSA performance and strong momentum across the wider portfolio Revenues (SAR mn) Q1 2026 +12% Share of Q1 2026 261.4 revenue 236.7 236.7 236.9 211.1 in stable currency 87% Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Total Revenue Movement by Geography YoY (SAR mn) Q1 20
Slide 17: Revenue growth converted into YoY margin expansion despite Q1 seasonality
Revenue growth converted into YoY margin expansion despite Q1 seasonality Adj. EBITDA Margin (%) Q1 2026 +1.1 pp 12.5% 12.6% 13.3% 7.3% 6.3% Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 2026 Operating Profit (EBIT) (SAR mn) Profitability trends • Adjusted EBITDA increased 31% year-on-year to SAR 17.3 million, w
Slide 18: Net income supported by improving underlying profitability
Net income supported by improving underlying profitability Net Profit to Shareholders (SAR mn) Q1 2026 EBITDA reconciliation (SAR mn) Q1 2026 17.5 15.3 15.7 Net Income to shareholders 1.8 Minority interest (0.8) 1.8 Finance cost, net 3.7 Zakat and income tax 0.7 (0.9) Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 D
Slide 19: Strong balance sheet supports consistent dividends, as top-line momentum strengthens cash flow
Strong balance sheet supports consistent dividends, as top-line momentum strengthens cash flow Cash flow performance and balance sheet Cash & Cash Equivalents Movement YTD (SAR mn) Q1 2026 • Net operating cash flow rose 268% year-on-year to SAR 43.8 million in Q1 2026, primarily reflecting improved
Slide 20: Monthly sales trends show continued momentum into Q2
Monthly sales trends show continued momentum into Q2 Average daily sales1 - Group (January 2023 = 100%) Ramadan Summer break Ramadan Summer break Ramadan Summer break Ramadan 2023 2023 2024 2024 2025 2025 2026 105 108 107 105 103 106 100 99 98 99 97 98 99 94 95 89 86 91 86 82 90 92 87 86 84 88 93 89
Slide 21: Thank You
THANK YOU ZA