Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — FY2025 Earnings Presentation
38 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2026
Slide 1: Dar Al Arkan
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Slide 2: Investor Presentation FY 2025
Investor Presentation FY 2025 2
Slide 3: Table of Contents
Table of Contents Page No. 1. Macro Economic Overview & KSA Real Estate Market 4 2. Key Business Indicators Overview 9 3. Financial Performance Overview 12 4. Overview of Assets Portfolio 17 5. Projects Developed by Dar Global PLC 22 6. Appendix 31 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: Macroeconomic Overview
Macroeconomic Overview FY 2025 Real GDP Growth by 4.5% Average Brent Oil Prices FY 2025 Real GDP Growth: 4.5% 2025 Actual Budget Deficit Estimated at 6.0% of GDP 3.0% 2.5% 10.0% 8.7% 2.0% 120 100.9 8.0% 1.0% 100 82.5 80.5 0.0% 70.9 69.1 6.0% 80 4.5% 4.6% 4.5% -1.0% 2022 A2023 -2.0%A2024 A2025 E2026
Slide 6: KSA Real Estate Sector Overview
KSA Real Estate Sector Overview The strong long-term fundamentals of the market remain intact Positive Demographic Trends Supply Shortages Government Support KSA Total Population 5 4 4 3 3 3 3 Millions 3 2 1 1 2 2 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 - 0 0 0 0 0 0 0 80+ 0-4 5-9 10-14 15-19
Slide 7: KSA Real Estate Sector Overview: Deals Decreased 22%
KSA Real Estate Sector Overview Residential & Commercial deals decreased 22% (2025 vs 2024) 350 321 300 266 110 249 250 209 207 89 207 200 99 188 194 71 166 159 63 77 150 60 75 131 39 44 211 38 100 177 150 138 130 144 127 115 128 119 50 93 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Res
Slide 8: KSA Real Estate Price Index Declined YoY in Q4 2025
KSA Real Estate Sector Overview Real Estate Price Index declined YoY to (0.7%) in Q4 2025, down from its peak of 4.3% in Q1. KSA Real Estate Price Index (YoY) KSA Real Estate Price Index (QoQ) 5.0% 4.3% 3.0% 4.0% 3.6% 3.2% 2.0% 1.6% 3.0% 1.2% 0.8% 0.7% 1.0% 0.6% 2.0% 1.3% 0.1% 0.0% 0.0% -0.4% 1.0% Q
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: FY 2025 – Key Business Indicators
FY 2025 – Key Business Indicators Investment In Revenues (LTM) 3.8% EBITDA (LTM) 42.5% Development Properties (LTM) 107.8% SAR 3,900 mn SAR 2,446 mn SAR 5,894 mn (2024: SAR 3,759 mn) (2024: SAR 1,716 mn) (2024: SAR 2,836 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization SAR 7,480 mn
Slide 11: Dar Al Arkan Real Estate Assets and Project Land Area
Dar Al Arkan Real Estate Assets Dar Al Arkan – Project Land Area ▪ DAAR’s Real Estate assets portfolio at cost is SAR 26.0 bn. ▪ DAAR has a strong pipeline of projects across the Kingdom totaling 12.8 mn sqm of project land area. Real Estate Properties Break up - SAR bn Total Project Land Area – SQM
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – FY 2025 Profitability
Financial Performance – FY 2025 Profitability Yearly Revenues (SAR mn) Gross Profit (SAR mn) & Margin (%) 7,000 6,412 2,000 35% 36% 37% 40% 43% 1,844 47% 16% 24% - 3 55 6,000 136 1,600 1,458 4 45 1,500 116 5,000 3,925 3,759 3,900 82 110 3,492 278 1,057 1,070 4,000 - 158 8 9 897 2 - 116 2,707 1,000 8
Slide 14: Financial Performance – Q4 2025 Profitability
Financial Performance – Q4 2025 Profitability Gross Profit (SAR mn) & Margin (%) Quarterly Revenues (SAR mn) 700 41% 40% 45% 44% 44% 48% 59% 39% 598 1,200 1,099 1 1,014 1,017 2 600 12 962 5 932 3 92 1,000 919 29 865 1 1 42 3 852 53 500 448 1 51 36 38 428 - 65 37 2 37 412 4 407 411 800 35 37 96 384 0
Slide 15: Financial Performance – FY 2025 Cash Flow
Financial Performance – FY 2025 Cash Flow Cash Flow FY 2025 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 20,000 417 3,988 18,000 16,000 5,894 8,463 998 14,000 12,000 10,000 8,000 3,900 309 2 6,000 4,000 6,725 7,480 2,000 - Starting Cash Revenue New Debt Working Capital Debt Opex Investm
Slide 16: Financial Performance – FY 2025 Debt
Financial Performance – FY 2025 Debt Gross Debt Vs Net Debt (SAR mn) 15,970 Debt* / Capitalization 13,500 45% 42% 11,494 12,000 10,840 7,480 40% 10,304 10,163 35% 36% 35% 10,500 9,468 33% 33% 35% 29% 9,000 7,832 30% 26% 6,663 4,932 5,929 6,725 7,500 4,153 5,450 25% 6,000 3,950 20% 22% 4,500 4,903 8,
Slide 17: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 17
Slide 18: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects - KSA Shams Ar Riyadh – Key Facts Location - Situated in the Al - Ammariyah district (King Khalid Road), part of the growing northwest corridor of Riyadh, Shams Ar Riyadh is close to the heart of the city and is located just 19 km from KKI Airport and 9
Slide 19: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Parisiana Shams Al Arous Juman Project Dar Al Mashaer - Located in Riyadh city and easily - Shams Al Arous is a master-planned, - Juman project is strategically located - Located in the holy city of Mecca on accessed through King Fahad best in clas
Slide 20: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Qasr Khozam Etoile by Elie Saab, Sedra- Riyadh Buraidah Hills, Qassim - The project is a joint venture between - Dar Al Arkan had won a contract to develop residential - Located in Buraidah city of Al-Qassim Jeddah Development and Urban units in SE
Slide 21: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 234,147 m² Gross Leasable Area 75,265 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: ▪ 99.5% occupancy achieved by the end of 2025. ▪ Total footfall for 2025 7.0 mil
Slide 22: Projects Developed by Dar Global PLC
PROJECTS DEVELOPED BY DAR 5| GLOBAL PLC 22
Slide 23: Notable Changes Since The Last Issuance
Notable Changes Since The Last Issuance ❑ Dar Global PLC, an associate of Dar Al Arkan (88%), has a global portfolio of 21 active projects with an estimated Gross Development Value (GDV) of US$ 19 bn. ❑ Launched GDV stands at US$ 4.6 bn with an impressive close to 63% already sold, reflecting strong
Slide 24: Local Projects Developed by Dar Global PLC
Local Projects Developed by Dar Global PLC Neptune, Interiors by Mouawad Riyadh Trump Tower, Jeddah - Neptune Villas is located in the most sought-after northern part of Riyadh, - Dar Global is set to redefine the skyline of Jeddah with its latest project, the just moments away from Expo 2030 site w
Slide 25: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Trump Plaza, Jeddah Rayana, Riyadh Amaya, Jeddah - The Trump Paza strategically located on King - Rayana is a premium residential enclave - Amaya is one of the flagship real estate Abdulaziz Road within the Amaya master within Wadi Safar, designed a
Slide 26: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Urban Oasis by Missoni, Dubai Da Vinci Tower, Dubai W Residences, Dubai - The Urban Oasis Tower is located in the - Da Vinci Tower is a residential building in - The W Residences is a residential building in Business Bay area of Dubai. Downtown Duba
Slide 27: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC DG 1, Dubai Trump International Hotel & Tower, Dubai D-Villas at Jumeirah Golf Estates, Dubai - DG 1 (Dar Global 1) Tower is located in the - The Trump International Hotel & Tower, - D-Villas is the epitome of luxury living in premium location by th
Slide 28: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Sidra Project AIDA, Oman Les Vagues, Qatar By Elie Saab - AIDA sits in the heart of Muscat, 130m above - Les Vagues by Elie Saab sets new - The Sidra project site is situated in Ravne, standards of luxury living in Qatar with an the shores covering
Slide 29: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Tierra Viva, Spain Marea, Finca Cortesin, Spain Tabano, Spain The Astera, UAE Design by Automobili Lamborghini Interiors by Missoni Interiors by Aston Martin - Tierra Viva in Behanavís – Costa del - Marea, our second project in Spain - Dar Tabano ac
Slide 30: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Oh So Close, London The Mulliner, London Albert Hall Mansion, London - Oh So Close offers an extraordinary - Originally known as Gloucestor House, residential setting, where modern design Nº149 Old Park Lane is a sophisticated - 7&8 Albert Hall Mans
Slide 31: Appendix
6| APPENDIX 31
Slide 32: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Investment properties, net 1,110,414 1,077,808 1,028,213 983,000 945,743 Long-term development properties 19,285,287 20,563,563 20,261,809 20,877,265 25,090,614 Property and equipment, net 77,653 86,056
Slide 33: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2022 FY 2023 FY 2024 FY 2025 Q4 2024 Q4 2025 Revenue 3,925,499 2,707,100 3,759,022 3,899,802 1,013,812 1,098,410 Cost of revenue (2,467,912) (1,636,694) (2,159,014) (2,056,193) (565,445) (670,225) Gross profit 1,457,587 1,070,406 1,600,008 1,8
Slide 34: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Profit before Zakat 135,442 588,386 626,418 827,435 1,354,261 Adjustments for: Depreciation & Amortization 48,905 50,182 50,247 56,499 53,967 Provision for expected credit losses / bad debts 4,453 0 0 11,713 7
Slide 35: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION, RELEASE OR himself independently based solely on the prospectus in relation to such securities DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, (including any supplement thereto) available when orders are confirmed before taking JAPAN
Slide 36: Our Offices
OUR OFFICES RIYADH, KSA BEIJING, CHINA LONDON, UK MARBELLA, DUBAI, UAE 12622 Makkah Road, 303-309, North Tower, 50 Hans Crescent, Conrad Dubai, Al Wizarat, Beijing Kerry Centre, Knightsbridge, SPAIN Sheikh Zayed Road, Beside Riyadh Marriott Hotel, No.1 Guanghua Road, London, SW1X ONA Marbella’s Gold
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Slide 38: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 38
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