Saudi Real Estate Co. · TADAWUL:4020
Saudi Real Estate — Q3 2025 Earnings Presentation
44 slides from Saudi Real Estate's earnings presentation, November 2025
Slide 1: Al Akaria Q3 2025 Earnings Presentation
Al Akaria Q3 2025 Earnings Presentation
Slide 2: Content
CONTENT About Al Akaria & its strategy 01 Financial performance Overview 02 Projects Overview 03 Appendix 04 Subsidiaries Performance and projects 05 2
Slide 3: About Al Akaria & its strategy
About Al Akaria & its strategy
Slide 4: 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 5: 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 6: About Al Akaria - Land Bank Locations
About Al Akaria - Land Bank Locations* Strategic landbank portfolio comprising 21 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 7: About Al Akaria – 2025 Revenue Streams
About Al Akaria – 2025 Revenue Streams Diversified revenue streams, between rental, sales and subsidiaries activities 18% 1,527 M 43% 39% Rental Revenue Sales Revenue Subsidiaries
Slide 8: About Al Akaria – Rental Revenue
About Al Akaria– Rental Revenue Stable revenues from a balanced combination of commercial and residential rental properties Commercial (247k Sqm) Residential (1,816 units) AL Akaria 1 Akaria Plaza Olaya Oasis Diplomatic Quarter 1 • Office GLA 10,160 sqm 0% • Office GLA 71,590 sqm 100% • Total Apartm
Slide 9: About Al Akaria – Developed Projects Sales Revenue
About Al Akaria– Developed Projects Sales Revenue Three projects to fuel 2025 sales revenue: Fai Sedra-1 ,Al-Akaria Park and Fai Sedra-2 Recognized vs Unrecognized Revenue 39% 3.01 Bn 61% Recognized Unrecognized *As of June 2025
Slide 10: 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 11: Financial Performance
Financial Performance
Slide 12: Financial Performance – Summary
Financial Performance – Summary Overall improvement in profitability driven by higher revenues. Q3 2025 Revenue Q3 2025 Gross Profit Q3 2025 Operating Profit Q3 2025 Total Net Income SARmn 1,527 SARmn 719 SARmn 518 SARmn 380 23% YoY 85% YoY 117% YoY 284% YoY Q3 2025 ROAE Q3 2025 Gross Profit Margin
Slide 13: Financial Performance – Revenue
Financial Performance – Revenue Revenue for 9M 2025 increased by 22.8% YoY, driven by growth in standalone revenues. Revenue Movement YoY ( SAR Mn) 22.8% -5.5% 425 744 628 1,527 (142) 280 489 1,244 433 233 410 211 238 216 464 395 195 278 194 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 + 96 % - 18% Standalone Subs
Slide 14: Financial Performance – Gross Profit and Operating Income
Financial Performance – Gross Profit and Operating Income In 9M 2025, Gross Profit Margin improved driven by all business segments. 350 Gross Profit Trend (SAR Mn) 60% Gross Profit Movement YoY ( SAR Mn) 43% 49% 84.5% 49% 300 50% 96 719 42% 250 216 40% 200 31% 30% 150 390 17 20% 100 50 10% 135 320 3
Slide 15: Financial Performance – Net Income
Financial Performance – Net Income Net profit for 9 M2025 Increased by 284% due to an increase in Standalone and subsidiaries Net Profit. Total Net Income Movement YoY (SAR Mn) 250 28% 28% 26% 30% 284% 25% 200 19% 20% 380 150 14% 15% 100 10% 95 3 50 5% 189 (6) 62 207 177 125 78 - 0% Q3 24 Q4 24 Q1 2
Slide 16: Financial Performance – Liquidity & Leverage
Financial Performance –liquidity & leverage Al Akaria has maintained healthy levels of liquidity and leverage in 9M 2025 Working Capital ( SAR Mn ) Net Debt ( SAR Mn ) 3,535 1,346 1,384 1,401 905 2,442 2,226 1,947 1,655 2021 2022 2023 2024 2025 (1,439) 2021 2022 2023 2024 2025 Current Ratio Debt / E
Slide 17: Projects Overview
Projects overview
Slide 18: 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 19: Projects Under Development (PUDs)
Projects Under Development (PUDs)
Slide 20: 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 21: PUDs - Fai Sedra (1) Residential Project - Riyadh
PUDs - Fai Sedra (1) Residential Project - 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 Status Under c
Slide 22: PUDs - Fai Sedra (2) Residential Project - Riyadh
PUDs - Fai Sedra (2) Residential Project - 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 Status Under
Slide 23: PUDs - Al-Akaria Park – Riyadh
PUDs - Al-Akaria Park – 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 97% of the work for main infrastructure 2022
Slide 24: PUDs - Tilal Commercial Centre - Riyadh
PUDs -Tilal Commercial Centre - 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 Timeline Status Un
Slide 25: PUPs - Narjes Business Park - Riyadh
PUPs - Narjes Business Park - 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 Main contract awarded to Ta
Slide 26: PUDs - Porta Jeddah Mixed-use Destination – Jeddah
PUDs - Porta Jeddah Mixed-use Destination – 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 sqm 47,971 Sqm
Slide 27: Projects Under Planning (PUPs)
Projects Under Planning (PUPs)
Slide 28: PUPs - L'Avenir Mixed-use Destination – Riyadh
PUPs - L'Avenir Mixed-use Destination– 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 Sqm Land Area G
Slide 29: PUPs - Vyda Residential Project - Riyadh
PUPs - Vyda Residential Project -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 Status 2025 202
Slide 30: Upcoming Pipeline Projects
Upcoming Pipeline Projects
Slide 31: Upcoming Projects - Al-Akaria (1) Mixed-Use – Riyadh
Upcoming Projects - Al-Akaria (1) Mixed-Use –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 apartment un
Slide 32: Upcoming Projects - Sitteen Vertical Residential - Riyadh
Upcoming Projects - Sitteen Vertical Residential - 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 ground floor 9,
Slide 33: Q&A
Q&A
Slide 34: Appendix
Appendix
Slide 35: Legacy Akaria – 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 36: Restricted lands
Restricted lands
Slide 37: 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 38: 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 39: Subsidiaries
Subsidiaries
Slide 40: Subsidiaries – Binyah
Subsidiaries – Binyah “ Binyah” profits are increasing, and margins are improving. Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 277 265 974 245 896 213 182 608 141 532 129 400 100 92 77 216 40 53 19 25 8 2019 2020 2021 2022 2023 2024 2025 Q3 2019 2020 2021 2022 2023 2024 2025 Q3 201
Slide 41: Subsidiaries – Tamear
Subsidiaries – Tamear “ TAMEAR” has been awarded a new contract, from Qiddiya. Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 1 18 209 15 189 2019 2020 2021 2022 2023 2024 2025 Q3 184 8 (6) 152 (14) (21) 2019 2020 2021 2022 2023 2024 2025 Q3 (3) (39) 91 (8) 71 27 (67) (33) (87) 2019 2
Slide 42: Subsidiaries – Mumtlakat
Subsidiaries – Mumtlakat Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 128 110 29 14 14 100 25 26 11 91 91 23 23 74 6 71 2 6 7 2019 2020 2021 2022 2023 2024 2025 Q3 (5) 2019 2020 2021 2022 2023 2024 2025 Q3 2019 2020 2021 2022 2023 2024 2025 Q3 (13) 25% 25% 25% 22% 24% 8% 10% 11% 13%
Slide 43: IR contact details
IR contact details Ayoub Alamrani Head Of Investor Relations www.al-akaria.com
Slide 44: Thank You
THANK YOU AN @ayjlécll © ALAKARIA
Saudi Real Estate Co. (Al Akaria) — Q3 2025 Earnings Presentation on 6ix