Slide 1: Earnings Presentation 4Q/FY 2025
MBC INVESTOR RELATIONS PRESENTATION FY2024 01 Overview 02 Business Segments 03 Content Highlights 04 Operational Updates 05 Financials 06 Outlook 0‹#› EARNINGS PRESENTATION 4Q/FY 2025
Slide 2: Agenda
02 AGENDA MBC GROUP sustained strong momentum in 2025, with double-digit increase in revenue 01 02 03 PERFORMANCE BUSINESS CONTENT OVERVIEW SEGMENTS HIGHLIGHTS 04 05 06 OPERATIONAL FINANCIAL OUTLOOK UPDATES SUMMARY
Slide 3: Disclaimer
03 DISCLAIMER The information and opinions contained on this call are provided as of today’s date, are based on general information gathered at such date and are subject to changes without notice. None of the future projections, expectations, estimates, or prospects discussed on this call should be
Slide 4: Group Financial Highlights
04 GROUP FINANCIAL HIGHLIGHTS Strong top-line growth supported by streaming expansion and the accelerated delivery of major projects, while net profit reflected investment in content and project timing effects FULL YEAR - 2025 REVENUE GROSS PROFIT NET PROFIT SAR 5,391 MN SAR 1,266 MN SAR 438 MN +28.
Slide 5: Segments Overview | BOCA
05 SEGMENTS OVERVIEW I BOCA BOCA continued to deliver scale and maintain its market leadership, supported by broadcast and technical service contracts alongside resilient performance in TV advertising ✓ The BOCA segment remained the Group’s largest revenue contributor in FY 2025 ✓ Growth was primari
Slide 6: Segments Overview | MBC Shahid
06 SEGMENTS OVERVIEW I MBC SHAHID MBC SHAHID recorded double-digit growth, with improving unit economics and a continued narrowing loss, reinforcing its path toward sustainable profitability ✓ SVOD growth supported by solid subscriber growth across MENA and international markets and continued tracti
Slide 7: Segments Overview | M&E
07 SEGMENTS OVERVIEW l M&E Milestone-based project delivery and growing management-fee income highlighted the increasing role of the Group’s production ecosystem ✓ Delivered key initiatives driving growth and premium content revenues ✓ Executed high-profile productions, reinforcing regional OUR lead
Slide 8: Our Content
08 OUR CONTENT Content remained a key performance driver across the Group during FY 2025, reinforcing MBC’s position as the leading producer and distributor of Arabic entertainment 75 MBC titles ranked among the top 100 programs in KSA in 2025 85% ARABIC 64% 36% SCRIPTED UNSCRIPTED CONTENT 4 9 Award
Slide 9: Al Narjis Production Hub
9 AL NARJIS PRODUCTION HUB The Al Narjis production hub strengthened production capabilities for large-scale formats, with the transition of key activities expected to improve quality and efficiency across live programming 3 Studios Fully 250+ Office Building New TV Building 100% Civil Works Operati
Slide 10: Shareholders Structure
10 SHAREHOLDERS STRUCTURE Transition to Public Investment Fund Majority Ownership Reinforces Strategic Alignment with the Kingdom’s National Priorities and Vision 2030 54% 36% PUBLIC INVESTMENT FUND WALEED IBRAHIM AL IBRAHIM 10% FREE FLOAT
Slide 11: Group Financial Performance | Revenue
11 GROUP FINANCIAL PERFORMANCE I REVENUE MBC Group delivered strong growth in FY 2025, with revenues increasing 28.5%, reflecting continued momentum across the Group’s core businesses SAR MN FY 2025 FY 2024 CHANGE 52% BOCA 2,831 2,424 ↑ 17% MBC 1,384 1,079 ↑ 28% SAR 5.4 BN SHAHID FY 2025 Revenue 26%
Slide 12: Group Financial Performance | Gross Profit
12 GROUP FINANCIAL PERFORMANCE I GROSS PROFIT Profitability reflected content portfolio reviews and higher amortization in line with disciplined content accounting policies SAR MN FY 2025 FY 2024 CHANGE Gross Profit (SAR MN / GPM %) 28.7% 23.5% GROSS 1,266 1,206 ↑ 5% PROFIT 1,266 1,206 GPM 23.5% 28.
Slide 13: Group Financial Performance | Net Profit
13 GROUP FINANCIAL PERFORMANCE I NET PROFIT The Group’s underlying performance remains solid, supported by diversified revenues and stronger digital monetization SAR MN FY 2025 FY 2024 CHANGE Net Profit (SAR MN / GPM %) 10.2% 8.1% NET 438 426 ↑ 3% PROFIT NPM 8.1% 10.2% ↓ 2pp 426 438 Normalized NP *
Slide 14: Group Revenue Breakdown
14 GROUP REVENUE BREAKDOWN MBC's revenue breakdown for 2023, 2024, and 2025 highlights the contribution of each segment over these years 3 Years CAGR ≈ 25.2% 2023 REVENUE 2024 REVENUE 2025 REVENUE (SAR BN) (SAR BN) (SAR BN) 54% 58% 52% SAR 3.7 BN SAR 4.2 BN SAR 5.4 BN 23% 26% 23% 16% 26% 22% BOCA SH
Slide 15: BOCA Performance
15 BOCA PERFORMANCE BOCA’s growth was mainly driven by higher programme revenues within Other Commercial Activities, while profitability reflects higher direct costs, including a non-recurring write-down of specific content recognized during 4Q 2025 REVENUE BREAKDOWN GROSS PROFIT NET PROFIT (SAR MN)
Slide 16: MBC Shahid (OTT) Performance
16 MBC SHAHID (OTT) PERFORMANCE MBC SHAHID delivered strong full-year performance, supported by solid subscriber growth across MENA and international markets, improved retention, and new ad formats, expanded digital inventory, and a growing client base REVENUE BREAKDOWN GROSS PROFIT NET PROFIT (SAR
Slide 17: M&E Performance
17 M&E PERFORMANCE Media & Entertainment Initiatives continue to be a strong value-add for MBC, with FY 2025 growth reflecting milestone recognition on major initiatives and growing management-fee income REVENUE BREAKDOWN GROSS PROFIT NET PROFIT (SAR MN) (SAR MN / GPM %) (SAR MN / NPM %) 20.4% 12.8%
Slide 18: Guidance | 2025 Actual
18 GUIDANCE l 2025 ACTUAL Group delivered FY 2025 performance in line with the targets BOCA MBC SHAHID M&E FY 2025A Revenue (% Growth) Revenue (% Growth) Net Profit Margin Low-double digit growth 10%-20% 2%-4% Net Profit Margin Net Profit Margin 16-18% (10%)-(20%)
Slide 19: Guidance: 2026 Management Guidance and Outlook
19 GUIDANCE 2026 Management Guidance and Outlook BOCA MBC SHAHID M&E FY 2026E Revenue (% Growth) Revenue (% Growth) Net Profit Margin Double digit decline High-single digit growth 2%-4% Net Profit Margin Net Profit Margin 7%-9% (2%-5%) Medium Term Revenue (% Growth) Revenue (% Growth) Net Profit Mar
Slide 20: Strategic Foundation & Growth Pillars
20 STRATEGIC FOUNDATION & GROWTH PILLARS MBC Group has consistently demonstrated resilience through market leadership, strong viewership, diversified revenues, and disciplined execution STRATEGIC FOUNDATION COST RESET 1 OPTIMIZATION 2 GROWTH 3 Implement cost saving strategies Focusing our investment
Slide 21: Q&A
Q&A
Slide 22: Thank You
THANK YOU