Savola Group · TADAWUL:2050
Savola — Q2 2026 Earnings Presentation
34 slides from Savola's earnings presentation, August 2026
Slide 1: Savola Group Earning Presentation Q2 2026
Savola Group Earning Presentation I Q2 2026 Aug 2026
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 Q2 Highlights
Ugola SAVOLA Savola Group Q2 Highlights
Slide 4: H1 2026 Operational Performance at a Glance – Foods Led Profitability
Savola Group – H1 2026 Operational Performance at a Glance – Foods Led Profitability Group Revenue Group Gross Profit Group EBITDA Recurring Net Income 13,588 2,625 1,316 372 +3.9% yoy Margin 19.3% +2.2% yoy Margin 9.7% +11.6% yoy Margin 2.7%; +40.0% Food Processing Retail Frozen Food Food Services
Slide 5: Net Income Analysis: Recurring net income up 40% to SAR 372mn
Savola Group – Net Income Analysis: Recurring net income up 40% to SAR 372mn in H1 and 65% to SAR 129mn in Q2 — growth driven entirely by underlying food led performance Details Q2 2026 Q2 2025 Variance H1 2026 H1 2025 Variance Reported Net Income 117 106 11 401 295 106 Impact of discontinued operat
Slide 6: H1 2026 Performance Highlights
Savola Group – H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 +0.2% +8.6% +3.9% Revenue 7,281 7,292 5,799 6,295 13,080 13,588 +1.8% 2.7% +2.2% 1,378 1,402 1,191 1,223 2,568 2,625 Gross Profit 18.9% 19.2% 20.5% 19.4% 19.6% 19.3% Note: numbers are rounded 6
Slide 7: H1 2026 Performance Highlights
Savola Group – H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 +12.6% +11.6% +10.8% 528 594 1,316 EBITDA 651 722 1,179 8.9% 9.9% 9.1% 9.4% 9.0% 9.7% 50.4% 10.3% 36.0% Net Income 285 106 117 401 189 295 2.6% 3.9% 1.8% 1.9% 2.3% 3.0% Recurring 188 243 78 129 266 372 Note :
Slide 8: Revenue & Recurring Net Profit Bridge By Business
Savola Group – H1 2026 Revenue & Recurring Net Profit Bridge By Business SAR in millions Revenue Bridge by Business Net Profit Bridge by Business +3.9% +40.0% 13,588 14 (35) 50 (6) (38) 18 16 372 17 13,080 483 (3) 6 91 266 YTD 2025 Others/ElimYTD 2026 YTD Herfy Unallocated Minority/ YTD 2026 2025Rec
Slide 9: Revenue Mix
Savola Group – Revenue Mix Revenue by Business1,3 Revenue by Geography3 H1 2025 H1 2026 H1 2025 H1 2026 3% 3% 3% 3% 4% 4% 21% 21% 49% 50% 44% 43% 76% 76% Savola Foods Panda Al Kabeer Herfy Arabia Egypt Others Note 1) Revenue by business % is based on net revenue before eliminations 2) Numbers are ad
Slide 10: Stronger Balance Sheet — Disciplined Leverage
Savola Group – Stronger Balance Sheet — Disciplined Leverage The Group continued to execute a disciplined, investment-led growth strategy while maintaining balance sheet strength and liquidity position— positioning the business for sustainable growth with enhanced financial resilience CAPEX (H1 2026
Slide 11: H1 2026 Capital Deployment – Sources & Uses of Cash
Savola Group – H1 2026 Capital Deployment – Sources & Uses of Cash Healthy cash generation underpinned shareholder returns through dividend distribution while maintaining financial flexibility 139 385 857 301 411 524 851 226 Opening Net Operating Cash Flow Financial CAPEX Lease Payment Dividends Pay
Slide 12: Net Income Bridge – H1 2026
Net Income Bridge – H1 2026 Net Income Reconciliation (SAR mn) 34 565 36 33 (1) 463 (64) (50) 401 (51) 13 372 (42) Foods Panda Al Kabeer Herfy Share in Segment Total Unallocated Unallocated Minority Interest/ Total Savola Discontinued Other One-Offs Total Savola Processing (Inc. Associates Costs - C
Slide 13: Foods Processing
Ugola SAVOLA XY Foods Processing ancil A Foods
Slide 14: Foods Processing Performance - Strong Delivery Across Core Categories
Foods Processing – H1 2026 Performance - Strong Delivery Across Core Categories Foods Processing posted solid performance on the back of record volumes , offsetting the impact of lower average selling prices linked to softer global sugar and edible oil benchmarks Net Income Oil Volume Sugar Volume P
Slide 15: Foods Processing Performance Highlights
Foods Processing – H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 +15.6% +0.9% +7.5% Revenue 3,575 3,607 3,328 6,453 6,936 2,878 9.7% +2.7% 19.5% 524 538 894 980 Gross Profit 443 370 14.7% 14.9% 12.9% 13.3% 13.9% 14.1% Note :Certain comparative amounts have been reclass
Slide 16: Foods Processing Performance Highlights
Foods Processing– H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 +35.8% +16.7% +5.4% EBITDA 373 285 658 354 210 564 9.9% 10.3% 7.3% 8.6% 8.7% 9.5% +17.2% 47.1% 27.6% Net Income 214 251 168 Recurring2 329 419 114 6.0% 7.0% 4.0% 5.1% 5.1% 6.0% Reported 130 219 37 94 167 3
Slide 17: Foods Processing: Volume Growth Reaffirms Business Momentum
Foods Processing : Volume Growth Reaffirms Business Momentum Revenue bridge Variance by major category (SAR Mn) Price vs Volume contribution to revenue change (SAR Mn) Volume Price +757 −275 587 (+11.7% YoY) (-4.3%) 169 92 6,936 6,453 9 7 -362 Oil & fats Sugar Pasta H1 2025 Volume Price H1 2026 Volu
Slide 18: Foods Processing – Oil Segment Analysis
Foods Processing – Oil Segment Analysis SAR in millions Volume (MT ‘000) Revenue Gross Profit EBITDA Net Profit 15.0% 13.7% 10.3% 9.3% 6.8% 6.5% +19.4% 4,172 3,493 2,176 +23.4% +8.8% 1,763 571 +12.8% +16.1% 525 749 270 +8.4% 239 645 277 311 +12.4% 359 389 354 +22.3% 150 +23.0% 290 122 1,996 +15.4% 1
Slide 19: Foods Processing – Sugar Segment Analysis
Foods Processing – Sugar Segment Analysis SAR in millions Volume (MT ‘000) Revenue Gross Profit EBITDA Net Profit 8.9% 10.7% 6.4% 9.0% 2.6% 4.7% -8.4% 2,306 2,113 1,267 +10.1% 1,193 -5.9% 226 +29.1% +7.2% 205 190 968 1,038 +68.8% 117 +14.0% 147 100 102 77 +41.3% 544 595 +9.3% 55 59 48 +151.5% 1,039
Slide 20: Foods Processing – Pasta Segment Analysis
Foods Processing – Pasta Segment Analysis SAR in mn Margin Volume (MT ‘000) Revenue Gross Profit EBITDA Net Profit 23.1% 25.0% 13.7% 17.9% 8.3% 13.9% +5.5% 292 277 +3.1% 135 139 +14.1% 73 64 +38.3% 52 38 +77.2% 41 23 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 H1 25 H1 26 Gross Profit / Ton (SAR
Slide 21: Foods Processing – Nuts, Spices And Pulses Segment Analysis
Foods Processing – Nuts, Spices And Pulses Segment Analysis SAR in millions Margin Revenues Gross Profit EBITDA Net Profit 28.4% 31.3% 11.4% 13.0% 6.2% 8.0% -2.8% 286 278 +7.2% 87 +10.6% UAE 81 36 33 +26.0% 18 22 23.2% 27.2% NM NM NM NM -21.5% 76 59 -7.9% KSA 18 16 -14 -16 NM -18 -20 NM H1 25 H1 26
Slide 22: Retail (Panda)
GJ Panda XY Retail (Panda)
Slide 23: Panda Performance – Resilient Execution Amid Market Competitive Intensity
Panda– H1 2026 Performance – Resilient Execution Amid Market Competitive Intensity Resilient Performance Driven by Execution Amid Market Disruption Revenue Recurring Net Income E-Commerce SAR 5.9b SAR 46m ~2.5x Growth +0.9% YoY -5.3% YoY Panda's Resilience Levers Driving Share Gains Panda delivered
Slide 24: Panda Performance Highlights
Panda – H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 +0.9% -0.3% +2.4% Revenue 3,335 3,325 5,852 5,902 2,517 2,577 -3.0% +1.2% -7.3% Gross Profit 715 723 1,413 1,370 698 647 21.4% 21.8% 27.7% 25.1% 24.1% 23.2% Note :Certain comparative amounts have been reclassified t
Slide 25: Panda Performance Highlights
Panda – H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 +2.3% +4.5% +6.6% EBITDA 244 250 501 524 257 274 7.7% 8.3% 9.7% 9.7% 8.6% 8.9% +1.2% -5.3% Recurring Net Income 39 40 9 49 46 6 1.2% 1.2% 0.4% 0.2% 0.8% 0.8% Reported 39 40 9 (6) 49 33 Note: Certain comparative amou
Slide 26: Store Network — Disciplined Expansion & Format Optimization
Store Network — Disciplined Expansion & Format Optimization Disciplined Network Expansion with Focus on Format Optimization and Core Market Strength Total Stores (as of June 2026) Net Selling Area (as of June 2026) Stores Opened/(Closed) CXR stores Completed during H1 2026 231 583km2 +4 149 H1 2026
Slide 27: Omnichannel Progress — Profitable and Scalable E-commerce Growth
Omnichannel Progress — Focusing on Profitable and Scalable E-commerce Growth Disciplined Network Expansion with Format Optimization E-Com Revenue Average Daily Orders Avg. Basket Size SAR +263m ~2.5x YoY 12,300 ~4x YoY SAR∽208 E- Commerce Growth Highlights SAR in mn • Partnership with Ocado: Integra
Slide 28: Frozen (Al Kabeer)
Gussn Al Kabeer XY Frozen (Al Kabeer)
Slide 29: Al Kabeer Performance
Al Kabeer– H1 2026 Performance Resilient performance despite market challenges Revenue B2B Sales Growth E-Commerce Sales Growth Net Income Growth SAR 411m -1.4% YoY ~2.0x ~2.5x SAR 36m +19.9% YoY Al Kabeer delivered strong profitability in H1 2026 despite lower sales in Q1, which were impacted by re
Slide 30: Al Kabeer Performance Highlights
Al Kabeer – H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 -5.8% +4.2% -1.4% Revenue 235 221 183 190 417 411 -7.1% +13.3% +1.4% 85 79 Gross Profit 60 68 145 147 36.3% 35.8% 32.9% 35.7% 34.8% 35.8% Note: numbers are rounded 30
Slide 31: Al Kabeer Performance Highlights
Al Kabeer – H1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q2-25 Q2-26 H1 25 H1 26 +16.9% +4.8% +46.0% EBITDA 36 56 34 21 48 14 14.5% 16.1% 7.7% 10.8% 11.5% 13.7% +139.8% +19.9% -1.2% Net Income 25 25 11 36 30 4 10.9% 11.4% 2.4% 5.6% 7.2% 8.7% Note: numbers are rounded 31
Slide 32: Appendix
Appendix
Slide 33: Financials Summary – H1 2026
Financials Summary – H1 2026 (All figures are in SAR mn) Segment Wise Financials 1 YTD June 2026 YTD June 2025 Non Recurring Recurring Net Non Recurring Recurring Net Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Net Income Income Net Income Income Oil 2 Ara
Slide 34: Thank you
Ugola fr SAVOL!A eum Thank you