Leejam Sports Co. · TADAWUL:1830
Leejam Sports — Q4 2025 Earnings Presentation
31 slides from Leejam Sports's earnings presentation, Feb 19, 2026
Slide 1: Earnings Presentation Q4 2025
Earnings Presentation Q 4 2 0 2 5 – 1 9 Fe b r u a r y 2 0 2 6
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: Consistent revenue growth in 2025 with 16 new centers added vs 2024
Consistent revenue growth in 2025 with 16 new center added vs 2024. Q4 431 +3% 181 +1% 123 +1% 209 +5% 92 (9%) 2025 Revenue Gross Profit Operating Profit EBTIDA Adj. Net Profit FY 1,614 +8% 615 (1%) 423 (5%) 760 +3% 301 (14%) 2025 Revenue Gross Profit Operating Profit EBTIDA Adj. Net Profit SAR Mill
Slide 5: Activity Normalization During a Phase of Strategic Expansion
Activity Normalization During a Phase of Strategic Expansion 239 +16 165 +6 74 +10 175 +16 44 +0 20 +0 Total Centers, Male Centers Female Centers Big Box Centers Xpress Centers Studios & Studios and Academies Academies 468K -4% 40.1M +5% 1.1M +2% 403K +7% 3M -4% 16 End of Period Total Visits Conduct
Slide 6: Comprehensive Coverage Across the Fitness Market
Comprehensive Coverage Across the Fitness Market, with Dedicated Solutions for Every Market Segment Concept Studios & Premium Tier Middle Tier Low Cost, High Value Academies 4 Centers 171 Centers 44 Centers 20 Centers 4 Male Centers 107 Male Centers 39 Male Centers 12 Male Centers 0 Ladies' Centers
Slide 7: Network Expansion & Members Trend
Network Expansion & Members Trend
Slide 8: Center Movement during 2025
Center Movement during 2025 223 239 +16 Centers Openings 10 6 Fitness Time +16 Centers Centers 219 203 - - - BigBox Male BigBox Female Xpress Male Xpress Female Concept Studio and academies Closure Concept Studios - - - - - - 20 20 0 new Centers BigBox Male BigBox Female Xpress Male Xpress Female Co
Slide 9: Period Average Memberships continue its growth fueled by center opening
Period Average Memberships continue its growth fueled by center opening… Period Average Members Total QE Members Total QE Members / Segment QE Members / Center In Thousand In Thousand In Thousand In Thousand 486 468 489 486 Female Female 468 113 443 +1% 114 Female +14.8% 2.2 -18% Female 1.8 -4% Male
Slide 10: Financial Review
LecANM Financial Review
Slide 11: Financial Performance – Q4 2025 (Fitness Time only)
Financial Performance – Q4 2025 (Fitness Time only) REVENUE GROSS PROFIT In Millions SAR In Millions SAR Gross Profit Margins 412 426 80% 75% 179 186 70% 65% 60% 55% 44% 44% 50% +3% 45% +4% 40% 35% 0 30% Q4-2024 Q4-2025 Q4-2024 Q4-2025 EBITDA ADJ. NET PROFIT In Millions SAR EBITDA Margins In Million
Slide 12: Financial Performance – FY2025 (Fitness Time only)
Financial Performance – FY2025 (Fitness Time only) REVENUE GROSS PROFIT In Millions SAR 1,595 In Millions SAR Gross Profit Margins 1,483 640 623 619 620 600 +8% 580 560 42% -1% 540 39% 520 500 2024 2025 2024 2025 EBITDA ADJ. NET PROFIT In Millions SAR EBITDA Margins In Millions SAR Net Profit Margin
Slide 13: Financial performance by maturity – FY 2025
Financial performance by maturity– FY 2025 REVENUE PER CENTER EBITDA MARGIN In Millions SAR Number of In Millions SAR 2024 2025 Centers 2024 2025 159 159 9.00 8.48 8.38 8.00 51.3% 49.8% 7.00 47 63 39.3% 6.00 38.0% 5.00 4.17 4.00 2.87 3.00 2.00 1.00 - LFL Non-LFL LFL Non-LFL • LFL revenue per center
Slide 14: Financial performance by maturity – FY 2025
Financial performance by maturity– FY 2025 REVENUE PER CENTER Gross Profit MARGIN In Millions SAR Number of In Millions SAR 2024 2025 Centers 2024 2025 159 159 9.00 8.48 8.38 8.00 7.00 47 63 44.4% 42.9% 6.00 5.00 4.17 4.00 2.87 3.00 17.8% 18.3% 2.00 1.00 - LFL Non-LFL LFL Non-LFL • LFL revenue per c
Slide 15: 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 2.2 2.4 2.5 2.1 2.1 2.1 2.2 2.1 2.0 1.9 1.9 2.0 1.9 1.9 1.9 550 1.8 1.8 1.8 1.8 1.9 1.9 1.8 1.8 1.7 1.7 1.8 1.7 2 1.6 1.6 1.6 1.5 1.1 350 1 0.2 435 426 347 392 397 412 365 36
Slide 16: Resilient balance sheet, recovering returns, and disciplined leverage
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) /Total Equity D/E Ratio = (Total Liability – Deferred Revenue) / Total Equity ROIC = TTM
Slide 17: Strong cash generation, FCF doubling to SAR 399 million
Strong cash generation, FCF doubling to SAR 399 million All Amounts in million (SAR) 2025 FCF Per Center In Millions In SARMillions 1.88 SAR 1.04 2024 +81% 2024 2025 Confidential and Proprietary Information 17
Slide 18: Q4 2025 COR, G&A and S&M
Q4 2025 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) 800 S&M S&M / Center (000) 20 90 140 700 18 250 240 80 +4% 600 16 120 70 14 14 100 500 60 50 12 +59% 45 80 50 400 9 10 40 -11% 300 8 60 65 30 267 6 40 46 200 20 211 4 1.3
Slide 19: FY 2025 COR, G&A and S&M
FY 2025 COR, G&A and S&M COR G&A S&M In Millions SAR In Millions SAR In Millions SAR COR COR / Center 200 S&M S&M / Center 1.5 100 S&M S&M / Center 190 0.7 180 90 1.3 158 170 999 160 150 80 150 1.1 0.6 878 +14% 140 70 130 0.9 120 0.5 60 110 100 0.81 0.7 0.74 50 90 0.4 80 70 +4% 0.5 40 34 4.71 60 30
Slide 20: Strong financial position to fund future expansion
Strong financial position to fund future expansion Cash In Millions& CE SAR Loans Deferred Revenue In Millions SAR In Millions SAR In Millions SAR 170 Deferred Revenue 548 Deferred Revenue / Center Deferred Revenue / QE Members (000) 8.0 548 504 7.0 +60% +66% 106 331 6.0 5.0 +9% 4.0 2.26 2.29 3.0 2.
Slide 21: Lease expiring in the next 5 years has a potential escalation of 45%
Lease expiring in the next 5 years has a potential escalation of 45% from SAR 42 million to 63 million Rent Escalation Expiring Risk SAR M 2025 Rent Potential New Rent 20 21 16 16 13 13 13 12 8 9 4 5 5 4 4 Critical High Moderate Low Very Low Critical High Low Moderate Very Low Confidential and Propr
Slide 22: Outlook
LEEUAM Outlook
Slide 23: Guidance
Guidance Deferred Revenue Pipeline In Millions SAR 2026 growth will be driven by: 2025 2026 • Further new centers openings 289 283 • Volume driven growth in Non-LFL Centers • Improving customer experience, member retention & services 139 113 • Price driven growth in LFL centers. 66 87 29 33 Current
Slide 24: Thank You! Q&A
Thank You! Q&A For enquires, please contact the Investor Relations Department at: investor.relations@leejam.com.sa
Slide 25: Appendix
Appendix
Slide 26: Audited Financial Statements (Statement of P&L and OCI)
Audited Financial Statements (Statement of P&L and OCI) 2025 2024 Net profit for the period 302,082,472 456,298,760 Other comprehensive income Item that will not be reclassified to statement of profit or loss in subsequent periods: Re-measurement of FVOCI - 92,318 Re-measurement loss on employees’ e
Slide 27: Audited Financial Statements (Statement of financial position)
Audited Financial Statements (Statement of financial position) 31-Dec-25 31-Dec-24 31-Dec-25 31-Dec-24 ASSETS NON-CURRENT LIABILITIES NON-CURRENT ASSETS Borrowings 426,101,700 225,957,411 Property and equipment 2,295,554,839 2,057,689,844 Lease liabilities 1,366,413,544 1,275,789,904 Employees' end
Slide 28: Audited Financial Statements (Statement of cash flows)
Audited Financial Statements (Statement of cash flows) 2025 2024 2025 2024 OPERATING ACTIVITIES FINANCING ACTIVITIES Profit before zakat and income tax 307,268,976 464,352,738 Proceeds from borrowings 1,152,586,238 411,374,564 Profit from discontinued operations 75,275 2,172,429 307,344,251 466,525,
Slide 29: Segmental Performance
LEEUAM Segmental Performance
Slide 30: Financial Performance – Q4 2025 (Consolidated)
Financial Performance – Q4 2025 (Consolidated) REVENUE GROSS PROFIT In Millions SAR In Millions SAR Gross Profit Margins 420.4 431.1 80% 75% 180 181 70% 65% 60% 55% +3% 43% 42% 50% 45% +1% 40% 35% - 30% Q4-2024 Q4-2025 Q4-2024 Q4-2025 EBITDA ADJ. NET PROFIT In Millions SAR EBITDA Margins In Millions
Slide 31: Financial Performance – FY2025 (Consolidated)
Financial Performance – FY2025 (Consolidated) REVENUE GROSS PROFIT In Millions SAR 1,614 In Millions SAR Gross Profit Margins 1,501 640 623 615 620 600 +8% 580 42% 560 -1% 38% 540 520 500 2024 2025 2024 2025 EBITDA ADJ. NET PROFIT In Millions SAR EBITDA Margins In Millions SAR Net Profit Margins 760