Leejam Sports Co. · TADAWUL:1830
Leejam Sports — Q1 2026 Earnings Presentation
27 slides from Leejam Sports's earnings presentation, Apr 30, 2026
Slide 1: Earnings Presentation Q1 2026
Earnings Presentation Q1 2026 – 30 April 2026
Slide 2: Disclaimer
DISCLAIMER All information included in this document is for general use only and has not been independently verified, nor does it constitute or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendation to buy or su
Slide 3: Executive Summary
Executive Summary
Slide 4: Stable revenue with margin normalization impacting profitability in Q1 2026
Stable revenue with margin normalization impacting profitability in Q1 2026 Q1 369 +0% 118 (9%) 77 (13%) 165 (4%) 49 (21%) 2026 Revenue Gross Profit Operating Profit EBTIDA Adj. Net Profit SAR Million Confidential and Proprietary Information 4
Slide 5: Activity Normalization During a Phase of Strategic Expansion
Activity Normalization During a Phase of Strategic Expansion 246 +21 167 +8 79 +13 182 +21 44 +0 20 +0 Total Centers, Male Centers Female Centers Big Box Centers Xpress Centers Studios & Studios and Academies Academies 432K -3% 7.7M -10% 216K -19% 114K +26% 653K -4% 5 End of Period Total Visits Cond
Slide 6: Network Expansion & Members Trend
Network Expansion & Members Trend
Slide 7: Center Movement during the last twelve months
Center Movement during the last twelve months 225 246 +21 Centers Openings 13 8 Fitness Time +21 Centers Centers 226 205 1 - - BigBox Male BigBox Female Xpress Male Xpress Female Concept Studio and academies Closure Concept Studios 1 - - - - 20 20 0 new Centers BigBox Male BigBox Female Xpress Male
Slide 8: Membership Base Normalizes Amid Network Expansion
Membership Base Normalizes Amid Network Expansion Period Average Members Total QE Members Total QE Members / Segment QE Members / Center In Thousand In Thousand In Thousand In Thousand 445 432 472 Female Female 451 Female Female 445 432 1.6 1.4 97 +5% 101 +14.8% -15% -4% -3% Male Male Male Male 349
Slide 9: Daily Average Of Current Members Mix Impact On Revenue Recognition
Daily Average Of Current Members Mix Impact On Revenue Recognition Sold Subscriptions % of Total Sold Units Q1-2025 Q1-2026 48% 41% 24% 23% 25% 19% 8% 9% 1% 1% Key notes • The increase in 12-month package of average current members (mostly taken from 6-month package) comparing with last year had a m
Slide 10: Financial Review
LecANM Financial Review
Slide 11: Financial Performance – Q1 2026 (Fitness Time only)
Financial Performance – Q1 2026 (Fitness Time only) REVENUE GROSS PROFIT In Millions SAR In Millions SAR Gross Profit Margins 363 358 75% 65% (1%) 128 111 55% 45% 35% (13%) 31% 35% 0 25% Q1-2025 Q1-2026 Q1-2025 Q1-2026 • Revenue slightly declined (~1% YoY), impacted by Ramadan and Eid • Gross profit
Slide 12: Concentrated Ramadan & Eid Impact Across Q1 2026 vs. Q1 2025
Concentrated Ramadan & Eid Impact Across Q1 2026 vs. Q1 2025 (Fitness Time Only) Subscriptions Sales Total Membership Units Sold APU (Sales/ Subscriptions Sold) In Millions SAR In Thousands In Thousands 1.29 1.30 1.30 88 88 87 1.24 85 85 1.21 82 81 1.15 72 73 68 68 0.98 64 66 61 62 0.84 55 Jan Feb M
Slide 13: QE Memberships and Expiry Profile
QE Memberships and Expiry Profile 1Q 2Q 3Q 4Q Expiries % of Expiries % of Expiries % of Expiries % of Expiries QE members Expiries QE members Expiries QE members Expiries QE members QE Members QE Members QE Members QE Members 2023 50,404 332,851 15% 45,341 366,651 12% 62,243 366,651 17% 99,769 388,7
Slide 14: Fitness Time Performance per Center by Quarter
Fitness Time Performance per Center by Quarter REVENUE vs REVENUE PER CENTER In Millions SAR 3 750 Revenue Revenue Per Center 2.4 2.5 2.1 2.2 2.1 2.2 2.0 2.1 2.1 1.9 1.9 2.0 1.9 1.9 1.9 1.9 1.9 550 1.8 1.8 1.8 1.8 1.7 1.8 1.7 1.8 1.8 2 1.6 1.7 1.6 1.6 1.6 1.5 1.1 350 1 0.2 435 426 347 392 397 412 36
Slide 15: Resilient balance sheet, recovering returns, and disciplined leverage amid expansion
Resilient balance sheet, recovering returns, and disciplined leverage amid expansion CR & DEBT RATIOS ROE, ROIC, ROCE Current Ratio = Total CA / (TCL-Deferred Revenue) ROE = TTM Net Profit (after one off profit) / Average Total Equity D/E Ratio = Total Debt / Total Equity ROIC = TTM NOPAT / Average
Slide 16: Strong operating cash flow driving significant FCF improvement to SAR 100m
Strong operating cash flow driving significant FCF improvement to SAR 100m All Amounts in million (SAR) Free Cash Flow Q1 2026 100 Payment of principle element of lease liabilities Free Cash Flow (37) Q1 2025 Payment of principle element of lease liabilities Confidential and Proprietary Information
Slide 17: Q1 2026 COR, G&A and S&M
Q1 2026 COR, G&A and S&M COR G&A S&M In Millions SAR In Millions SAR In Millions SAR COR COR / Center 100 G&A G&A / Center (000) S&M S&M / Center (000) 245.00 20 100.00 90 18 90.00 252 80 239 225.00 16 80.00 +5% 70 14 70.00 60 205.00 12 60.00 50 10 50.00 40 35.1 35.0 185.00 8 30 -0.3% 6 5.4 5.2 40.0
Slide 18: Balance Sheet Supporting Ongoing Expansion
Balance Sheet Supporting Ongoing Expansion Cash In Millions& CE SAR Loans Deferred Revenue In Millions SAR In Millions SAR In Millions SAR 170 Deferred Revenue 163 595 Deferred Revenue / Center 548 Deferred Revenue / QE Members (000) 8.00 548 501 -4% +9% 7.00 -9% 6.00 5.00 4.00 2.47 2.19 3.00 1.23 2
Slide 19: 2026 Expansion Progress and Lease Risk Position
2026 Expansion Progress and Lease Risk Position Expiring Lease Contracts – 2026 Planned 2026 Expiring Lease by year Clubs Openings Contracts Status 13 12 9 10 8 5 4 25 12 2026 2027 2028 2029 2030 5 Expiring Lease Contracts – 9 by region 26 1 1 9 8 4 1 1 Riyadh Total Renewed Under Purchased Closed Ac
Slide 20: Outlook
LEEUAM Outlook
Slide 21: Strategic Initiatives Driving Next Phase of Growth
Strategic Initiatives Driving Next Phase of Growth Home-Rate Initiative Off-peak Hours Products • Resumed Home-Rate initiative (previously paused in 2025) • Designed for early risers and late-night users with flexible • Offering select discounts on 3-month memberships at specific schedules branches
Slide 22: Guidance
Guidance 2026 growth will be driven by: • Further new centers openings • Volume driven growth in Non-LFL Centers • Improving customer experience, member retention & services • Price driven growth in LFL centers. Deferred Revenue Pipeline In Millions SAR 279 2025 2026 247 Current Expected Expected Ca
Slide 23: Thank You! Q&A
Thank You! Q&A For enquires, please contact the Investor Relations Department at: investor.relations@leejam.com.sa
Slide 24: Appendix
Appendix
Slide 25: Audited Financial Statements (Statement of P&L and OCI)
Audited Financial Statements (Statement of P&L and OCI) Q1 2026 Q1 2025 Q1 2026 Q1 2025 Revenue 369,362,066 368,888,009 Cost of revenue -251,812,040 -239,259,172 ───────── ───────── Net profit for the period 48,636,225 70,535,994 GROSS PROFIT 117,550,026 129,628,837 General and administrative expens
Slide 26: Audited Financial Statements (Statement of financial position)
Audited Financial Statements (Statement of financial position) 31-Mar-26 31-Dec-25 31-Mar-26 31-Dec-25 ASSETS NON-CURRENT LIABILITIES NON-CURRENT ASSETS Borrowings 486,435,172 426,101,700 Property and equipment 2,290,332,812 2,295,554,839 Lease liabilities 1,333,644,650 1,366,413,544 Right-of-use as
Slide 27: Audited Financial Statements (Statement of cash flows)
Audited Financial Statements (Statement of cash flows) Q1 2026 Q1 2025 Q1 2026 Q1 2025 OPERATING ACTIVITIES FINANCING ACTIVITIES Profit before zakat and income tax 49,591,194 72,409,705 Proceeds from borrowings 92,731,362 137,000,000 Profit from discontinued operations 34,189 200,000 Repayments of b