Saudi Real Estate Co. · TADAWUL:4020
Saudi Real Estate — Al Akaria — H1 2025 Earnings Presentation
45 slides from Saudi Real Estate's earnings presentation, August 2025
Slide 1: Al Akaria H1 2025 Earnings Presentation
Al Akaria H1 2025 Earnings Presentation
Slide 2: Content
CONTENT Financial performance Overview 01 Subsidiaries Performance 02 Appendix 03 2
Slide 3: H1 2025 Revenue Streams
H1 2025 Revenue Streams Diversified revenue streams, between rental, sales and subsidiaries activities 16% 1,117 M 40% 44% Rental Revenue Sales Revenue Subsidiaries
Slide 4: H1 2025 - Rental Revenue
H1 2025 - Rental Revenue Stable revenues from a balanced combination of commercial and residential rental properties Commercial (218k Sqm) Residential (1,691 units) AL Akaria 2 Akaria Plaza Olaya Oasis Diplomatic Quarter 1 • Office GLA 50,756 sqm 95% • Office GLA 71,590 sqm 100% • Total Apartments &
Slide 5: H1 2025 – Developed Projects Sales Revenue
H1 2025 – Developed Projects Sales Revenue Two projects to fuel 1H 2025 sales revenue: Fai Sedra-1 and Al-Akaria Park Recognized vs Unrecognized Revenue 11% 1.95 Bn 89% Recognized Unrecognized *As of June 2025
Slide 6: Financial Performance
Financial Performance
Slide 7: Financial Performance – Summary
Financial Performance – Summary Overall improvement in profitability driven by higher revenues and higher margins. 1H 2025 Revenue 1H 2025 Gross Profit 1H 2025 Operating Income 1H 2025 Total Net Income SARmn 1,117 SARmn 548 SARmn 417 SARmn 302 38% YoY 115% YoY 206% YoY 720% YoY 1H 2025 EPS 1H 2025 G
Slide 8: Financial Performance – H1 Revenue
Financial Performance – H1 Revenue Revenue for 1H 2025 increased by 38% YoY, driven by growth standalone revenues. Revenue Movement YoY ( SAR Mn) 38% 28% 744 427 628 1,117 280 489 382 433 (120) 233 810 238 211 270 464 395 195 278 113 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 + 174 % - 21% Standalone Subsidiarie
Slide 9: Financial Performance – Gross Profit and Operating Income
Financial Performance – Gross Profit and Operating Income In 1H 2025, Gross Profit Margin improved driven by Property Sales and Subsidiaries. Gross Profit Trend (SAR Mn) Gross Profit Movement YoY ( SAR Mn) 115% 350 43% 49% 60% 49% 62 548 300 50% 220 250 33% 31% 40% 200 30% 150 254 11 100 20% 50 10%
Slide 10: Financial Performance – Net Income
Financial Performance – Net Income Net profit in 1H 2025 Increased by 720% driven by an increase in Standalone and subsidiaries Net Profit. Total Net Income Movement YoY (SAR Mn) 720% 250 28% 30% 28% 26% 25% 200 302 20% 150 14% 15% 100 58 6 2 10% 199 50 3% 5% 62 207 177 125 - 12 0% 37 + 286% + 51% +
Slide 11: Financial Performance – Liquidity & Leverage
Financial Performance –liquidity & leverage Al-Akaria has maintained healthy levels of liquidity and leverage in 1H 2025 Working Capital ( SAR Mn ) Net Debt ( SAR Mn ) 3,535 1,384 1,499 1,346 905 2,442 2,226 1,947 1,799 2021 2022 2023 2024 H1 2025 (1,439) 2021 2022 2023 2024 H1 2025 Current Ratio De
Slide 12: Subsidiaries
Subsidiaries
Slide 13: Subsidiaries – Binyah
Subsidiaries – Binyah “ Binyah” Margins has improved significantly this year Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 213 974 245 896 172 182 185 141 532 129 412 92 400 100 77 216 40 25 53 19 8 2019 2020 2021 2022 2023 2024 H1 2025 2019 2020 2021 2022 2023 2024 H1 2025 2019 2020
Slide 14: Subsidiaries – Tamear
Subsidiaries – Tamear Newly awarded projects has improved “ TAMEAR “ Performance in 1H 2025. Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 1 209 18 184 15 2019 2020 2021 2022 2023 2024 H1 2025 8 152 (6) 125 (8) (14) 91 2019 2020 2021 2022 2023 2024 H1 2025 (39) 71 (8) (2) 27 (67) (33
Slide 15: Subsidiaries – Mumtlakat
Subsidiaries – Mumtlakat Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 128 29 14 100 25 11 91 91 23 23 9 71 74 69 6 16 2 6 7 2019 2020 2021 2022 2023 2024 H1 2025 (5) 2019 2020 2021 2022 2023 2024 H1 2025 2019 2020 2021 2022 2023 2024 H1 2025 25% (13) 25% 25% 24% 22% 8% 10% 11% 11% 1
Slide 16: Q&A
Q&A
Slide 17: Thank You
THANK YOU AN @ayjlécll © ALAKARIA
Slide 18: Appendix
Appendix
Slide 19: About AlAkaria & its strategy
About AlAkaria & its strategy
Slide 20: Al-Akaria Strategy Roadmap
Al-AKARIA Strategy Roadmap Corporate Al Akaria’s Ultimate Goal is to maximize shareholder returns, diversify earnings, and achieve a Portfolio balanced and healthy capital structure. These strategic objectives are supported by clear 2027 targets: Subsidiaries substantially will contribute to a reven
Slide 21: Business Model Overview - What, How, and Where?
Business Model Overview - What, How, and Where? Al Akaria is a real estate developer leader in the market to be the “BEST” not the “BIGGEST”. Our geographical coverage Revenue Stream • Riyadh, Jeddah • IncomesGeneratingAssets(IGA) • PIF’s mega/gigaprojects • Subsidiarybusinesses • (Future) Inthe 5 m
Slide 22: About Al Akaria - Land Bank Locations
About Al Akaria - Land Bank Locations* Strategic landbank portfolio comprising 24 landholdings covering a total land of 19.67m** sqm Total Land Area** No. of Land 19.67m Sqm 21 2 Lands 3 Lands Size 57.2% Size 1.3% MV 15.3% MV 1.5% Market Value (MV) Carrying Value SAR 12.4B SAR 3.0B 16 Lands Size 41.
Slide 23: About Al Akaria – Subsidiaries
About Al Akaria – Subsidiaries Al Akaria and its subsidiaries cover the entire real estate value chain Value Chain Masterplan Property Infrastructure Construction Facilities developer developer Management Al Akaria Ownership 60% 100% 60%
Slide 24: Strategic Focus on Key Business Areas
Strategic Focus on Key Business Areas Lead in World-Class Quality and Service Excellence • Maintaining healthy capital structure • Sell lands whichare not partof futureplans to improve liquidity to fund new projects (andavoid whiteland tax) Enhancing the • Sell equityinvestmentswith returnsbelow tar
Slide 25: Restricted lands
Restricted lands
Slide 26: Restricted land – Al Widyan
Restricted land– Al Widyan Total Land Area Carrying Value* Market Value About Al Widyan Land Sqm 7.0mn SAR 2.9bn SAR 8 bn As of Dec 2024 • Al Akaria invested in the land for Al Widyan project. • Al Akaria was informed by the government that the land is located in an area currently under study by rel
Slide 27: Not available for use lands
Not available for use lands Total Land Area Carrying Value* Market Value About the lands Sqm 10.2m SAR 438mn SAR 1.74 bn As of Dec 2024 • Al Akaria lands, which are located in Benban, Al Aarid and AlDammam industrial are currently not available for use or development Lands Summary • The land restric
Slide 28: Projects overview
Projects overview
Slide 29: Projects Capex and source of funds
Projects Capex and source of funds Total Capex of SAR 7.96 bn with a funding mix of Equity, debt and IGF CAPEX Source of Funds 21.6% 18% 17% 52.1% SAR 7.96 Bn SAR 7.96 Bn 26.2% 26% 39% PUDs Projects under Planning Upcoming Projects Equity (In-Kind) Equity (Cash) Debt IGF
Slide 30: Projects Under Development (PUDs)
Projects Under Development (PUDs)
Slide 31: PUDs - Al-Akaria Park (Freehold) – Riyadh
PUDs - Al-Akaria Park (Freehold) – Riyadh Project Summary Alkaria Park Masterplan is located in East of Riyadh. featuring 2,926 villa plots, 33 apartment plots and 46 commercial plots. 1,764,855 Sqm 1,058,938 Sqm Land Area Gross Sellable Area Project Timeline Status 100% of the work for main infrast
Slide 32: PUDs - Al-Reef Residential Community – Riyadh
PUDs - Al-Reef Residential Community (Leasehold) – Riyadh Project Summary Al-Reef project is the first self-integrated residential community in the Diplomatic Quarter offering various housing solutions, including 64 villas and duplexes and 176 apartments supported with state-of-art communal faciliti
Slide 33: PUDs - Porta Jeddah Mixed-use Destination – Jeddah
PUDs - Porta Jeddah Mixed-use Destination (Leasehold) – Jeddah Project Summary Porta Jeddah leisure & work destination will feature 238 keys lifestyle hotel & serviced apartments in addition to retail/ dinning/entertainment components with GFA of 29,494 sqm & Grade A office space occupying 26,339 sq
Slide 34: PUDs - Fai Sedra (1) Residential Project – Riyadh
PUDs - Fai Sedra (1) Residential Project (Freehold) - Riyadh Project Summary Fai Sedra (1) is a residential scheme located within Sedra Masterplan Phase 1 offering 138 villa units with a design inspired by the Salmani Architecture 44,368 Sqm 54,708 Sqm Land Area Gross Floor Area Project Timeline Sta
Slide 35: PUDs - Fai Sedra (2) Residential Project – Riyadh
PUDs - Fai Sedra (2) Residential Project (Freehold) - Riyadh Project Summary Fai Sedra (2) is a residential scheme located within Sedra Masterplan Phase 2 offering 310 villa units with a design inspired by the Salmani Architecture 92,450 Sqm 105,791 Sqm Land Area Gross Floor Area Project Timeline St
Slide 36: PUDs - Tilal Commercial Centre – Riyadh
PUDs -Tilal Commercial Centre (Leasehold) - Riyadh Project Summary Flamingo Lifestyle Centre is an Outdoor Lifestyle Center features a Cluster of F&B, Retail shops & Wellness center: 9,509 sqm of GFA and office space occupying 8,935 sqm 21,561 Sqm 18,790 Sqm Land Area Gross Floor Area Project Timeli
Slide 37: PUPs - Narjes Business Park – Riyadh
PUPs - Narjes Business Park (Leasehold) - Riyadh Project Summary Narjes business park will feature low-rise office buildings with GFA of 39,538 sqm and a cluster of F&B and retail shops offering 5,161 sqm of GFA 40,000 Sqm 44,699 Sqm Land Area Gross Floor Area Project Timeline Status 2024 2027 Detai
Slide 38: Projects Under Planning (PUPs)
Projects Under Planning (PUPs)
Slide 39: PUPs - L'Avenir Mixed-use Destination – Riyadh
PUPs - L'Avenir Mixed-use Destination (Leasehold) – Riyadh Project Summary L’Avenir is a leisure and work destination that will feature lifestyle hotel offering 280 keys in addition to retail/ dinning/ entertainment with GFA of 10,544 sqm and co-working space occupying 1,768 sqm 25,500 Sqm 34,778 Sq
Slide 40: PUPs - Vyda Residential Project – Riyadh
PUPs - Vyda Residential Project (Freehold) Riyadh Project Summary Vyda is a residential scheme located within Akaria Park Masterplan offering 280 villa units. The project is a joint venture (JV) between Al-Akaria and Al-Tahaluf 88,492 Sqm 119,849 Sqm Land Area Gross Floor Area Project Timeline Statu
Slide 41: Upcoming Pipeline Projects
Upcoming Pipeline Projects
Slide 42: Upcoming Projects - Al-Akaria (1) Mixed-Use – Riyadh
Upcoming Projects - Al-Akaria (1) Mixed-Use (Leasehold) –Riyadh Project Summary Al-Akaria (1) is a transit-oriented development (TOD) offering 167 keys internationally branded hotel and a promenade featuring 16,845 sqm of F&B and retail GFA alongside 35,000 sqm of collaborative office space and 389
Slide 43: Upcoming Projects - Sitteen Vertical Residential – Riyadh
Upcoming Projects - Sitteen Vertical Residential (Leasehold) - Riyadh Project Summary Sitteen project is the vertical residential community offering various size of apartment unit including 320 apartments supported with state-of-art communal facilities and retail shops occupying 1,548 sqm on the gro
Slide 44: IR contact details
IR contact details Ayoub Alamrani Head Of Investor Relations www.al-akaria.com
Slide 45: Thank You
THANK YOU AN @ayjlécll © ALAKARIA