Slide 1: Savola Group Earnings Presentation Q3 2025
Savola Group www.savola.com Earnings Presentation | Q3 2025 Date: 12 Nov 2025
Slide 2: Disclaimer
DISCLAIMER This presentation might contain forward-looking statements which may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections
Slide 3: Savola Group's Net Income Analysis
Savola Group’s Net Income Analysis Net Income Q3 2025 vs Q3 2024 (SAR mn) Net Income YTD 2025 vs YTD 2024 (SAR mn) Details Q3 2025(2) Q3 2024(1) Variance Details YTD 2025(2) YTD 2024(1) Variance Reported Net Income 385.6 181.0 204.6 Reported Net Income 680.4 665.1 15.3 Impact of discontinued operati
Slide 4: Group – YTD 2025 Performance Highlights
Savola Group – YTD 2025 Performance Highlights Strong performance ▪ Group revenue grew by 13.3% YoY, reaching SAR 20.3 bn YTD 2025 versus SAR 17.9 bn last year. The increase is driven by growth in Panda, Savola continues amidst Foods (including the impact of USCE consolidation) and Al Kabeer challen
Slide 5: Group – Consolidated Financial Highlights
Savola Group – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 +6.3% +13.3% +17.9% +18.2% 7,147 7,597 17,898 20,284 Revenue 6,062 5,620 6,625 5,130 Inc. USCE Impact 7,700 7,597 1.3% 5,404 6,062 12.2% 6,138 6,625 7.9% 19,243 20,284 5.4% +3.9%
Slide 6: Group – Consolidated Financial Highlights
Savola Group – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 -23.0% -31.2% -11.3% -23.2% 1,006 2,375 EBITDA 662 706 1,827 693 508 627 14.1% 9.1% 12.9% 8.4% 12.6% 9.5% 13.3% 9.0% Inc. USCE Impact 809 693 14.3% 473 508 7.4% 520 627 20.5% 1,8
Slide 7: Group – YTD 2025 Revenue Bridge By Business
Savola Group – YTD 2025 Revenue Bridge By Business SAR in millions 13.3% 20,284 507 35 (51) 54 17,898 1,841 Includes the positive impact of SAR 1,172 mn due to USCE consolidation in YTD 2025 YTD 2024 Others / YTD 2025 Elimination Managed Portfolio Note: numbers are rounded 7
Slide 8: Group – YTD 2025 Adjusted Net Income Bridge Analysis
Savola Group – YTD 2025 Adjusted Net Income Bridge Analysis 54.8% 358.4 20.6 35.2 (8.2) 27.0 (3.1) 55.5 231.5 Adjusted Net Herfy Others /Elim Adjusted Net Income YTD 2024 Income YTD 2025 Managed Portfolio Note: 1: Numbers for YTD 2024 are adjusted for 2024 Corporate Events and other one-offs Note: n
Slide 9: Group – Revenue Mix
Savola Group – Revenue Mix Revenue by Business1,3 Revenue by Geography3 YTD-24 YTD-25 YTD-24 YTD-25 3% 3% 7% 8% 5% 4% 17% 21% 48% 51% 42% 44% 76% 71% Savola Foods Panda Al Kabeer Herfy Arabia Egypt Others Growth % +21.1%2 +6.3% +6.3% -5.9% +5.7% +42.5%2 +27.5% Note 1) Revenue by business % is based
Slide 10: Group – Net Debt & Capex
Savola Group – Net Debt & Capex SAR in millions Loans and Net Debt1 Financial Charges 173 7864 Net Financing Costs on Net Debt Net Debt Turkey USCE 5,775 448 Net Financing Cost - Other Entities ST Loans LT Loans 92 2,385 0 2,218 185 356 3,391 104 2,110 14 108 67 Sep-24 Sep-25 Sep-24 Sep-25 CAPEX Oth
Slide 11: Financials Summary – YTD Sep 2025
Financials Summary – YTD Sep 2025 (All figures are in SAR mn) 1 Segment Wise Financials YTD Sep 2025 YTD Sep 2024 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Savola Foods Oil Arabia2 2,626 412 181 141 220 2,120 412 208 159 249 Other Markets3 3,310 403 220
Slide 12: Savola Foods
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Slide 13: Savola Foods – YTD 2025 Business Highlights
Savola Foods – YTD 2025 Business Highlights Strong Edible Oil Savola Foods Edible oil business delivered a stronger YTD 2025 performance, primarily driven by increased Performance volumes and higher commodity prices in the edible oil category Savola Foods continued its growth in Arabia oil segment,
Slide 14: Savola Foods – Consolidated Financial Highlights
Savola Foods – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 +7.6% +21.1% +31.3% +29.7% 3,617 3,891 10,587 Revenue 3,141 3,555 8,746 2,422 2,707 Inc. USCE Impact 4,169 3,891 6.7% 2,696 3,141 16.5% 3,225 3,555 10.2% 10,091 10,587 4.9% -4.0%
Slide 15: Savola Foods – Consolidated Financial Highlights
Savola Foods – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 -2.2% -23.9% +47.6% -0.6% 488 906 887 EBITDA 371 211 210 305 207 13.5% 9.5% 8.7% 6.7% 7.6% 8.6% 10.4% 8.4% 527 371 29.6% 233 210 9.9% 217 305 40.6% 977 887 9.2% Inc. USCE Impact
Slide 16: Savola Foods – Oil Segment Analysis
Savola Foods – Oil Segment Analysis Margin SAR in millions Volume (MT ‘000) Revenue Gross Profit EBITDA Net Income 18.0% 13.7% 11.9% 8.0% 2.9% 2.5% +15.8% 5,917 5,109 2,627 +24.6% -11.4% 2,108 918 +10.0% -22.4% 813 607 956 1,052 412 +2.4% +2.4% 471 412 0.0% 249 146 150 390 438 +12.2% 3,290 +9.6% 220
Slide 17: Savola Foods – Sugar Segment Analysis
Savola Foods – Sugar Segment Analysis SAR in millions Margin Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income 8.1% 8.5% 7.8% 8.9% 2.1% 4.1% -9.7% 4,111 3,711 2,341 +2% 2,026 -13.5% 1,572 1,603 2.1% 322 329 866 866 0% -5.1% 334 317 142 158 11.5% +82% 154 1,770 1,685 -4.8% 148 161 +8.6% 85 80
Slide 18: Savola Foods – Pasta Segment Analysis
Savola Foods – Pasta Segment Analysis SAR in mn Margin Volume (MT ‘000) Revenues Gross Profit EBITDA Net Income 18.4% 21.8% 11.5% 13.9% 7.3% 8.5% +1.1% 408 413 14.4% 199 174 19.7% 90 75 21.8% 57 47 17.8% 30 35 YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 Gross Profit / Ton (
Slide 19: Savola Foods – Nuts, Spices And Pulses Segment Analysis
Savola Foods – Nuts, Spices And Pulses Segment Analysis SAR in millions Margin Revenues Gross Profit EBITDA Net Income 33.1% 28.5% 14.2% 11.5% 9.1% 6.3% 15.1% 414 360 -1.1% -7.2% 119 118 51 48 UAE -20.0% 33 26 27.3% 22.0% NM NM NM NM 38.3% 113 82 11.3% KSA 22 25 -20 -20 NM -26 -26 NM YTD-24 YTD-25 Y
Slide 20: Panda
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Slide 21: Panda – YTD 2025 Business Highlights
Panda – YTD 2025 Business Highlights Panda recorded strong growth in YTD, despite an increasingly competitive environment specifically from increasing discounters' penetration and dampened consumer sentiment. Panda continued to perform well Strong Topline driven by: Growth in YTD i. Successful rollo
Slide 22: Panda – Consolidated Financial Highlights
Panda – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 +3.6% +6.3% +6.8% +9.5% 3,218 3,335 8,058 8,565 Revenue 2,517 2,541 2,713 2,299 +8.4% +6.5% +9.3% +9.6% 715 1,965 2,131 671 Gross Profit 638 698 655 718 20.9% 21.4% 27.8% 27.7% 25.8% 26
Slide 23: Panda – Consolidated Financial Highlights
Panda – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 4.4% 11.4% -6.8% +11.5% 257 733 766 231 244 283 EBITDA 219 264 7.2% 7.7% 9.5% 9.7% 11.2% 9.7% 9.1% 8.9% +18.1% -25.2% -58.8% +56.3% 39 97 Net Income 33 72 57 9 6 24 1.0% 1.2% 0.3% 0.4%
Slide 24: Panda – Store Network YTD 2025
Panda – Store Network YTD 2025 Super Hyper 147 11 - 158 62 1 (2) 61 Dec Additions Closures Sep Dec Additions Closures Sep 2024 2025 2024 2025 Total Dec-24 Sep-25 ▪ 12 new stores were Net Selling Area Net Selling Area opened, and 2 stores 541.7K m2 555.4K m2 were closed in KSA during YTD 2025 209 12
Slide 25: Al Kabeer
Gus Al Kabeer JgbLa SAVOLA 25
Slide 26: Al Kabeer – YTD 2025 Business Highlights
Al Kabeer – YTD 2025 Business Highlights Stable Topline Growth in YTD Al Kabeer posted resilient performance in YTD 2025 with revenue growth of 6.3% primarily driven by volume 2025 growth Al Kabeer margin under pressure in Poultry performance continued to be under pressure amid Margin Pressure compe
Slide 27: Al Kabeer – Consolidated Financial Highlights
Al Kabeer – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 +1.9% +6.3% +10.6% +8.0% 230 235 564 599 Revenue 183 164 182 169 +5.1% +9.5% +4.4% -0.4% 85 191 201 78 Gross Profit 57 60 56 56 33.8% 36.3% 34.0% 32.9% 34.0% 30.6% 33.9% 33.5% Note:
Slide 28: Al Kabeer – Consolidated Financial Highlights
Al Kabeer – Consolidated Financial Highlights Margin SAR in millions Q1-24 Q1-25 Q2-24 Q2-25 Q3-24 Q3-25 YTD-24 YTD-25 4.3% 13.2% +11.6% -17.6% 34 62 65 30 17 17 EBITDA 14 15 13.0% 14.5% 10.1% 7.7% 9.3% 9.4% 11.1% 10.9% +8.9% -7.6% +4.8% -55.0% 23 25 41 38 Net Income 8 8 10 4 10.2% 10.9% 5.9% 2.4% 4
Slide 29: vole
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Slide 30: Thank you
Jgola SAVOLA Thank you www.savola.com 30