Slide 1: Mabanee Results Presentation For Year Ended 2025
Mabanee Results Presentation For Year Ended 2025
Slide 2: Disclaimer
DISCLAIMER The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is provided as information only. This pr
Slide 3: Index
INDEX 4 COMPANY PROFILE AND ASSETS UNDER MANAGEMENT 5 PERFORMANCE HIGHLIGHTS 6 OPERATIONAL PROJECTS 10 PROJECTS UNDER DEVELOPMENT 14 PROJECT TIMELINES 16 ESG HIGHLIGHTS 19 FINANCIAL HIGHLIGHTS MABANEE 2025 ANNUAL RESULTS Page 3
Slide 4: Company Profile & Assets Under Management
COMPANY PROFILE & ASSETS UNDER MANAGEMENT Company Name Mabanee Company K.P.S.C. Established 1964 Headquarters Kuwait Mall Hotel Residential Office Space Stock Exchange Boursa Kuwait GLA SQM GLA SQM Keys Unit Listing Listing Date 1999 Current 444,000 777 393 4,315 Shareholder’s KWD 717 million ($ 2.3
Slide 5: Performance Highlights
PERFORMANCE HIGHLIGHTS Strong Group KD 138.69mn KD 111.45mn KD 84.56mn performance 2024 - KD 134.83mn +4.4% ▲ 2024 - KD 97.09mn +14.8% ▲ 2024 - KD 64.21mn +29.7% ▲ • Revenue • Adj. EBITDA • Net Profit • Salmiya plots were sold for KD 28 million, generating an approximate profit of KD 21 million • Th
Slide 6: Operational Projects
OPERATIONAL PROJECTS MABANEE 2025 ANNUAL RESULTS Page 6
Slide 7: Alrai Real Estate's Operational Projects – Kuwait
ALRAI REAL ESTATE’S OPERATIONAL PROJECTS – KUWAIT (100% OWNERSHIP) The Avenues Hilton Garden Inn Waldorf Astoria Asset Class Super Regional Mall Asset Class 4 Star Hotel Asset Class 5 Star Hotel Development Development Development Operational Operational Operational Status Status Status Opening Date
Slide 8: Sorouh's Operational Projects – Bahrain
SOROUH’S OPERATIONAL PROJECTS – BAHRAIN The Avenues Hilton Garden Inn SOROUH OWNERSHIP Mabanee 35% Asset Class Regional Mall Asset Class Hotel Development Development Operational Status Operational Status 65% Opening Date 2017-2025 Opening Date Other Partners 2021 Land Size 375,132 sqm Land Size 2,4
Slide 9: Projects Under Development
PROJECTS UNDER DEVELOPMENT MABANEE 2025 ANNUAL RESULTS Page 9
Slide 10: Mabanee's Projects Under Development – Kuwait
MABANEE’S PROJECTS UNDER DEVELOPMENT – KUWAIT (100% OWNERSHIP) Souq Sabah & Plage 13 PLAGE- 13 Hampton Hotel • Plage-13 Hilton Luxury Resort will extend across 1.3 km of prime beachfront, offering chalets, villas, and studios alongside world- class dining, luxury wellness facilities, and indoor and
Slide 11: J3's Projects Under Development – Kuwait
J3’S PROJECTS UNDER DEVELOPMENT - KUWAIT Aventura Mall Aventura Residences J3 OWNERSHIP 35% Mabanee 65% Other Partners Asset Class Regional Mall Asset Class Residential Development Development Status Under Construction (96%) Status Under Construction (82%) Opening Date 2026 Opening Date 2026 • Leasi
Slide 12: Shomoul's Projects Under Development – Saudi Arabia
SHOMOUL’S PROJECTS UNDER DEVELOPMENT – SAUDI ARABIA SHOMOUL OWNERSHIP Riyadh Khobar 27% Mabanee Other Partners The The Avenues Avenues 73% Towers Towers • The Avenues – Riyadh continues to advance its marketing initiatives in line with operational targets, supported by strong pre-leasing • Offices •
Slide 13: Shomoul's Projects Under Development – Saudi Arabia
SHOMOUL’S PROJECTS UNDER DEVELOPMENT – SAUDI ARABIA The Avenues - Riyadh The Avenues – Khobar The Avenues - Riyadh Towers & Tower Asset Class Super Regional Mall Asset Class Regional Mall + Hotel + Asset Class Hotels + Service Office space Apartments (RA)+Office Space Development Development Develop
Slide 14: Project Timelines
Project Timelines MABANEE 2025 ANNUAL RESULTS Page 14
Slide 15: Timeline of Projects Under Development
TIMELINE OF PROJECTS UNDER DEVELOPMENT Aventura Entertainment Souq Sabah & The Avenues - Mall City Group Hampton Hotel Riyadh Towers The Avenues Riyadh’s superstructure The property is est. to This marks Mabanee’s entry in FEC The property is est. to supply have 5 towers. supply 108K sqm of GLA by t
Slide 16: ESG Highlights
ESG HIGHLIGHTS MABANEE 2025 ANNUAL RESULTS Page 16
Slide 17: ESG Highlights
ESG HIGHLIGHTS Environmental Initiatives • Achieved an 11% reduction in landlord energy consumption in 4th Quarter 2025 and about 5% in year end 2025, supporting the Ministry of Electricity & Water & Renewable Energy Tarsheed program. • Water consumption reduced by 4% in Q4 2025 and approximately 5.
Slide 18: ESG Highlights – Governance
ESG HIGHLIGHTS Governance • 29% of the Board comprises independent and 100% nonexecutive members, demonstrating a strong commitment to sound governance practices. Women represent 14% of our Board, with one female member currently serving. • Whistleblowing mechanisms in place to promote transparency,
Slide 19: Financial Highlights
FINANCIAL HIGHLIGHTS MABANEE 2025 ANNUAL RESULTS Page 19
Slide 20: Financial Snapshot
FINANCIAL SNAPSHOT The Group’s reported net profit for FY2025 increased significantly compared to 2024, primarily driven by a one-off gain recognized in Q1 from the sale of a freehold land interest in Kuwait; however, excluding this item, underlying profitability remains broadly in line with the pri
Slide 21: Financial Snapshot
FINANCIAL SNAPSHOT The Group’s asset and equity base increased in 2025 compared to 2024. The growth in equity was primarily driven by a one-off gain from the sale of land, which strengthened net equity. The asset base also expanded year-on-year, mainly due to continued capital expenditure on asset d
Slide 22: Financial Snapshot
FINANCIAL SNAPSHOT The Group recorded a topline increase of KD 1.95mn in Q4-25 compared to the same quarter last year, reflecting strong operational performance from the hospitality segment and a stable contribution from commercial properties. MABANEE 2025 ANNUAL RESULTS Page 22
Slide 23: Consolidated Statement of Income
CONSOLIDATED STATEMENT OF INCOME Description KD'000 2025 2024 YoY% Investment properties revenue 117,602 115,242 2.0 Revenue from hospitality 21,084 17,584 19.9 Total Operating Revenue 138,686 132,826 4.4 Investment properties expenses (27,325) (25,660) 6.5 Depreciation on investment properties (11,
Slide 24: Consolidated Statement of Balance Sheet
CONSOLIDATED STATEMENT OF BALANCE SHEET Assets KD'000 2025 2024 YoY% Equity and Liabilities KD'000 2025 2024 YoY% Non-current assets Equity Total shareholder's equity 735,526 669,504 9.9 Property and equipment 139,174 140,966 (1.3) Non-controlling interest 106,433 83,441 27.6 Investment properties 1
Slide 25: Thank You
Thank You MABANEE COMPANY K.P.S.C P.O. Box 5132 Safat l 13052 Kuwait +965 222 444 29 investorsrelations@mabanee.com www.mabanee.com