Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q3 2025 Earnings Presentation
36 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2025
Slide 1: Dar Al Arkan
DAR AL ARKAN uL_<jXI jlo
Slide 2: Investor Presentation Q3 2025
Investor Presentation Q3 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 16 5. Projects Developed by Dar Global PLC 21 6. Appendix 29 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: Real GDP Projected to Grow by 4.6% in FY 2025
Macroeconomic Overview Real GDP Projected to Grow by 4.6% in FY 2025 Average Brent Oil Prices Real GDP Projected to Grow by 4.6% 2025 Budget Deficit Estimated at (revised to 4.4%) in FY 2025 2.3% of GDP 120 10.0% 100.9 8.7% 100 8.0% 3% 82.5 80.5 2.5% 80 70.9 66.8 2.3% 6.0% 4.4% 4.6% 4.5% 60 42.0 3.7
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: Residential & Commercial deals increased 37% (2024 vs 2023)
KSA Real Estate Sector Overview Residential & Commercial deals increased 37% (2024 vs 2023) 450 410 360 140 321 266 270 110 249 209 207 194 188 89 99 166 180 71 159 131 60 77 39 75 270 44 211 38 90 177 150 138 127 128 130 93 115 119 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Residentia
Slide 8: Real Estate Price Index rose YoY to 1.3% in Q3 2025
KSA Real Estate Sector Overview The Real Estate Price Index rose YoY to 1.3% in Q3 2025, down from its peak of 4.3% in Q1. KSA Real Estate Price Index (YoY) KSA Real Estate Price Index (QoQ) 5.0% 3.0% 4.3% 4.0% 3.6% 2.0% 1.6% 3.2% 1.2% 3.0% 2.6% 0.8% 0.7% 1.0% 0.6% 0.0% 0.1% 2.0% -0.2% 1.3% 0.0% Q3-
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: Q3 2025 – Key Business Indicators
Q3 2025 – Key Business Indicators Investment In Revenues (LTM) 21% EBITDA (LTM) 41% Development Properties (LTM) 25% SAR 3,815 mn SAR 2,211 mn SAR 4,339 mn (Q3 2024: SAR 3,146 mn) (Q3 2024: SAR 1,569 mn) (Q3 2024 : SAR 3,462 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization SAR 8,532
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 24.7 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 – Q3 2025 Profitability
Financial Performance – Q3 2025 Profitability Quarterly Revenues (SAR mn) Gross Profit (SAR mn) & Margin (%) 600 598 59% 60% 1,100 962 1,014 1,017 411 1 865 919 5 932 3 448 55% 1 412 407 48% 42 3 852 53 12 1 500 384 50% 900 1 51 37 36 37 42% 45% 44% 44% 29 0 35 65 2 41% 40% 12 45% 34 37 96 1 37 400
Slide 14: Financial Performance – Q3 2025 Cash Flow
Financial Performance – Q3 2025 Cash Flow Cash Flow – Q3 2025 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 14,000 583 549 3,259 12,000 250 10,000 6,122 8,000 1 6,000 1,017 4,000 8,532 6,035 2,000 - Starting Cash Revenue New Debt Working Capital Debt Repayment Opex Investment in Maintena
Slide 15: Financial Performance – Q3 2025 Debt
Financial Performance – Q3 2025 Debt Gross Debt Vs Net Debt (SAR mn) Debt* / Capitalization 18,000 16,384 50% 16,000 43% 14,000 40% 33% 34% 35% 34% 34% 34% 34% 33% 11,494 11,000 12,000 10,290 10,697 10,650 10,610 10,810 8,532 10,163 30% 10,000 8,000 5,659 5,527 5,247 6,725 6,499 6,035 5,710 5,450 20
Slide 16: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 16
Slide 17: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects - KSA Shams Ar Riyadh – Key Facts (As of Sep 30, 2025) 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 fr
Slide 18: 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 19: 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 20: 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% occupancy achieved by the end of Q3 2025. ▪ Total footfall for 2025 (Q1, Q
Slide 21: Projects Developed by Dar Global PLC
PROJECTS DEVELOPED BY DAR 5| GLOBAL PLC 21
Slide 22: 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 17 active projects with an estimated Gross Development Value (GDV) of US$ 12.5 bn. ❑ Launched GDV stands at US$ 4.6 bn with an impressive close to 63% already sold, reflecting stro
Slide 23: 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 24: 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 25: 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 26: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Sidra Project Aida, Oman Les Vagues, Qatar The Weekend, Qatar By Elie Saab - The Sidra project site is situated in - AIDA sits in the heart of Muscat, 130m - Les Vagues by Elie Saab sets new - The Weekend embodies the essence Ravne, Vareš, 38 km out
Slide 27: 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 28: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC 8min-to-Central, London Oh So Close, London The Mulliner, London Albert Hall Mansion, London - Experience the finest in contemporary - Oh So Close offers an extraordinary - Originally known as Gloucestor - 7&8 Albert Hall Mansions living in the excl
Slide 29: Appendix
6| APPENDIX 29
Slide 30: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2022 FY 2023 FY 2024 Q3 2024 Q3 2025 Investment properties, net 1,077,808 1,028,213 983,000 993,633 954,088 Long-term development properties 20,563,563 20,261,809 20,877,265 21,240,799 23,737,818 Property and equipment, net 86,056 103,769 8
Slide 31: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2023 FY 2024 9M 2024 9M 2025 Q3 2024 Q3 2025 Revenue 2,707,100 3,759,022 2,745,210 2,801,392 918,727 1,017,248 Cost of revenue (1,636,694) (2,159,014) (1,593,569) (1,385,968) (506,619) (419,239) Gross profit 1,070,406 1,600,008 1,151,641 1,415
Slide 32: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2022 FY 2023 FY 2024 9M 2024 9M 2025 Profit before Zakat 588,386 626,418 827,435 466,086 876,685 Adjustments for: Depreciation & Amortization 50,182 50,247 56,499 42,907 40,608 Provision for expected credit losses / bad debts 0 0 11,713 3,924 1,1
Slide 33: 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 34: 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 36: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 36
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