Seera Holding Group · TADAWUL:1810
Seera — FY2025 Earnings Presentation
33 slides from Seera's earnings presentation, Mar 26, 2026
Slide 1: Earnings Presentation FY 2025
Earnings Presentation FY 2025 Seera Earnings Presentation | 26/03/2026
Slide 2: FY 2025 in Review
FY 2025 in Review Seera Earnings Presentation | 26/03/2026 2
Slide 3: Strong revenue generation supported adj. EBITDA and net profit
Strong revenue generation supported adj. EBITDA and net profit Net Booking Value FY 2025 NBV composition (%) Revenue FY 2025 < < Key FY 2025 Highlights Hospitality 1.1% Other 0.4% 16,763 4,716 Car Rental • 14% NBV growth driven by strong 10.0% performance in Almosafer and ¥ Mn ¥ Mn Portman. Travel U
Slide 4: Robust bookings momentum ensured revenue and earnings growth
Robust bookings momentum ensured revenue and earnings growth Net Booking Value (¥ Mn) FY 2025 Revenue (¥ Mn) FY 2025 +14% +15% 4,716 16,763 4,091 14,667 FY 24 FY 25 FY 24 FY 25 Adj. EBITDA (¥ Mn) FY 2025 Adjusted net profit (¥ Mn) FY 2025 +17% +37% 1,020 218 873 159 FY 24 FY 25 FY 24 FY 25 Seera Ear
Slide 5: Strong liquidity and disciplined leverage reinforce financial resilience
Strong liquidity and disciplined leverage reinforce financial resilience Net Debt / Equity (x) 4Q 2025 Free cash flow (¥ Mn) FY 2025 -36% 0.16 0.18 204 132 0.17 0.15 0.15 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 FY 24 FY 25 Borrowings composition by maturity (%) Cash & Cash Equivalents Movement (¥ Mn) FY 2025
Slide 6: Segment Overview
Segment Overview Seera Earnings Presentation | 26/03/2026 6
Slide 7: Almosafer Travel Platform
Almosafer Travel Platform Seera Earnings Presentation | 26/03/2026 7
Slide 8: FY 2025 shows continued NBV, revenue and adj. EBITDA Growth
FY 2025 shows continued NBV, revenue and adj. EBITDA Growth Total Net Booking Value (¥ Mn) FY 2025 Total Revenue (¥ Mn) FY 2025 Adjusted EBITDA* (¥ Mn) FY 2025 +9% CAGR +12% CAGR 8,962 1,022 947 7,608 7,513 813 106 +87% CAGR 68 30 2023 2024 2025 2023 2024 2025 2023 2024 2025 Consumer Travel Hajj & U
Slide 9: Almosafer Travel Platform: business scaling drives EBITDA growth
Almosafer Travel Platform: business scaling drives EBITDA growth Revenue (¥ Mn) FY 2025 Gross Profit (¥ Mn) FY 2025 +8% +12% 947 1,022 717 639 Almosafer is Saudi Arabia’s Leading Travel Company characterized by an asset-light and scalable business model that serves tourism flows across the Saudi tra
Slide 10: Almosafer Travel Platform: NBV growth across most segments
Almosafer Travel Platform: NBV growth across most segments NBV composition (%) FY 2025 Consumer Travel (¥ Mn) FY 2025 Business Travel (¥ Mn) FY 2025 Hajj & Umrah 3.0% +21% Destination Mgmt +29% Distribution 4.6% 771 1.5% 7,378 6,103 599 Business Travel 8.6% Consumer Travel 82.3% FY 24 FY 25 FY 24 FY
Slide 11: Almosafer Travel Platform: growth driven by Consumer and Business Travel
Almosafer Travel Platform: growth driven by Consumer and Business Travel Revenue composition (%) Consumer Travel (¥ Mn) FY 2025 Business Travel (¥ Mn) FY 2025 Hajj & Umrah Distribution 1.0% 9.3% 8.9% 14.4% 13.5% 15.6% +16% +21% 658 104 Destination 569 86 Mgmt 8.8% Consumer Travel Business 64.4% Trav
Slide 12: Almosafer Travel Platform: growth across most performance metrics
Almosafer Travel Platform: growth across most performance metrics Destination Consumer Travel Business Travel Hajj & Umrah Distribution Management Flight Segments (Mn) Flight Segments (Th) Top Inbound Umrah Source Top Inbound Source Markets Flight Segments (Th) Markets +22% +26% +38% 6.5 7.9 119.8 1
Slide 13: Almosafer Travel Platform: prioritizing AI innovation to address key priorities
Almosafer Travel Platform: prioritizing AI innovation to address key priorities Not Exhaustive Example 1: Omnichannel Voice & Chat AI Customer AI Priorities Implement Arabic-capable Voice AI for inbound intent detection and experience customer identification, to save 70k mins of manual handling mont
Slide 14: Lumi Car Rental
Lumi Car Rental Seera Earnings Presentation | 26/03/2026 14
Slide 15: Car Rental: opex savings supported EBITDA growth
Car Rental: opex savings supported EBITDA growth Revenue (¥ Mn) FY 2025 Gross profit (¥ Mn) FY 2025 +8% +5% 1,550 1,669 438 460 FY 24 FY 25 FY 24 FY 25 • Lumi Rental Company is a leading car Operating expenses (¥ Mn) FY 2025 EBITDA (¥ Mn) FY 2025 rental and lease provider in the Kingdom of Saudi Ara
Slide 16: Car Rental: fleet expansion to meet a growing demand for mobility
Car Rental: fleet expansion to meet a growing demand for mobility Revenue (¥ Mn) FY 2025 Fleet size (th vehicles) FY 2025 +8% +1% 1,550 1,669 34 34 567 670 24 23 465 517 517 482 10 11 • The Kingdom's top vehicle rental and FY 24 FY 25 FY 24 FY 25 leasing business Used Car Sales Rental Lease Rental L
Slide 17: Portman Travel Group
Portman Travel Group Seera Earnings Presentation | 26/03/2026 17
Slide 18: Portman Travel Group: growth & integration synergies drive improvements
Portman Travel Group: growth & integration synergies drive improvements Revenue (¥ Mn) FY 2025 Gross profit (¥ Mn) FY 2025 +39% 11.2% 9.9% 1,908 +1% 1,371 579 583 • Portman Travel Group encompasses some of the most well-established travel brands in UK and Europe travel sector, including Clarity, Ele
Slide 19: Portman Travel Group: Sports and Luxury Leisure fuel NBV growth
Portman Travel Group: Sports and Luxury Leisure fuel NBV growth Net booking value (¥ Mn) FY 2025 Business Travel (¥ Mn) FY 2025 +62% vs FY 2024 +2% Sports Travel 3,883 3,944 Business 1,441 5,877 Travel +13% Luxury Leisure Travel 493 vs FY 2024 3,944 +17% +2% FY 24 FY 25 vs FY 2024 vs FY 2024 Luxury
Slide 20: Portman Travel Group: gains across business performance metrics
Portman Travel Group: gains across business performance metrics 4.5mn Number +4% of business trips managed vs FY 2024 ¥ 93.5k Average Order Value +13% vs FY 2024 87.2K Number of travelers +54% vs FY 2024 6th largest TMC in UK Flat from FY 2024 5.3k Number of trips +5% vs FY 2024 88% % online booking
Slide 21: Hospitality
Hospitality Seera Earnings Presentation | 26/03/2026 21
Slide 22: Hospitality: results affected by Movenpick sale in Q1 and Hajj in Q2 25
Hospitality: results affected by Movenpick sale in Q1 25 and Hajj in Q2 25 Revenue (¥ Mn) FY 2025 Gross profit (¥ Mn) FY 2025 +1% -7% 200 185 101 102 FY 24 FY 25 FY 24 FY 25 • Seven hotels, including Sheraton Jabal Al Kaaba (Makkah), three unbranded Makkah Operating expenses (¥ Mn) FY 2025 EBITDA (¥
Slide 23: Hospitality: softer demand weighed on business performance metrics
Hospitality: softer demand weighed on business performance metrics FY 2025 Room Nights 233.7k -10% Sold vs FY 2024 Operational 2,055 -10% Room Keys vs FY 2024 Revenue Per ¥ 323 +2% Available Room vs FY 2024 Occupancy 74% +4 ppts vs FY 2024 Average ¥ 451 -1% Daily Rate vs FY 2024 Seera Earnings Prese
Slide 24: Q&A
Q&A Seera Earnings Presentation | 26/03/2026 24
Slide 25: Appendix
Appendix Seera Earnings Presentation | 26/03/2026 25
Slide 26: P&L performance benefited from increased travel demand and efficiency improvements
P&L performance benefited from increased travel demand and efficiency improvements in key business segments ¥ Mn FY 2025 FY 2024 YoY % Change 4Q 2025 4Q 2024 YoY % Change Net booking value 16,763 14,667 +14% 4,103 3,607 +14% Revenue 4,716 4,091 +15% 1,002 990 +1% Cost of revenue (2,906) (2,339) +24%
Slide 27: Strong balance sheet and prudent borrowing policy ensure robust financial position
Strong balance sheet and prudent borrowing policy ensure robust financial position ¥ Mn 4Q 2025 3Q 2025 QoQ % Change Property, plant & equipment 5,053 5,025 +1% Assets under construction and development 56 520 -89% Investments 1,008 425 +137% Trade & other receivables 1,673 1,805 -7% Other 3,393 3,4
Slide 28: Resilient cash generation and continued asset disposals result in a strong cash position
Resilient cash generation and continued asset disposals result in a strong cash position ¥ Mn FY 2025 FY 2024 YoY % Change Profit for the period 106 (138) n/m Depreciation 545 469 +16% Net book value of vehicles disposed 478 490 -3% Net finance cost 146 160 -9% Other 114 423 -73% Operating CF before
Slide 29: Business Segments
Business Segments Seera Earnings Presentation | 26/03/2026 29
Slide 30: NBV and revenue growth driven by Almosafer and Portman businesses
NBV and revenue growth driven by Almosafer and Portman businesses Net Booking Value Movement YoY (¥ Mn) FY 2025 Revenue Movement YoY (¥ Mn) FY 2025 +14% +15% 14,667 1,449 684 119 16,763 4,091 75 537 119 4,716 (15) (141) (15) (90) +19% +13% +8% -7% -67% +8% +39% +8% -7% n/m Net Booking Value - Total
Slide 31: Almosafer and Lumi supported gross profit and EBITDA expansion
Almosafer and Lumi supported gross profit and EBITDA expansion Gross Profit Movement YoY (¥ Mn) FY 2025 EBITDA Movement YoY (¥ Mn) FY 2025 +3% +58% 1,752 1,810 907 575 4 78 22 1 284 77 62 (83) (7) (46) +1% +12% +5% +1% n/m -60% +114% +9% n/m +5% Gross Profit - Total Contribution (¥ Mn) FY 2025 EBITD
Slide 32: Seera Investor Relations
Seera Investor Relations investors@seera.sa Seera Earnings Presentation | 26/03/2026
Slide 33: 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