Salhia Real Estate Co. K.s.c. · KSE:SRE
Salhia Real Estate Co. K.s.c — Salhia Real Estate — Q3 2025 Earnings Presentation
43 slides from Salhia Real Estate Co. K.s.c's earnings presentation, Nov 13, 2025
Slide 1: Boursa Kuwait analyst/investors conference notification letter
Date: 13/11/2025 Ref: 1b/38/2025 To: Boursa Kuwait Co. Dear Sirs, Subject: _Analyst/Investors Conference Meeting for the Third quarter of the year 2025 With reference to the above subject, and as per requirements stipulated in article No. (7- 8) “Listed company obligations” of Boursa Kuwait rule boo
Slide 2: Disclosure of material information
Name of the listed Company 13 Nov 2025 Salhia Real Estate Co. (K.P.S.C) Material Information We would like to inform you that Salhia Real Estate Company has conducted the Analyst/Investors Conference for the Third quarter of the year 2025 via a live webcast at 01:30 p.m. on Thursday 13/11/2025 (Kuwa
Slide 3: Q3-2025 Results Presentation
SA L HIA RE AL E S T ATE C O. Q3-2025 Results Presentation Period Ended 30 - September - 25
Slide 4: Disclaimer / Disclosure / Forward Statement
Disclaimer / Disclosure / Forward Statement The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is prov
Slide 5: Content
4 Performance Highlights 5 Local Investments CONTENT 22 Abroad Investments Q3 - 2025 29 Financial Performance 37 Appendix 3
Slide 6: Performance Highlights – Q3 2025
Performance Highlights – Q3 2025 KD 33.93 M KD 4.77 M KD 21.53 M KD 3.83 M +5% + 26 % Revenue Revenue EBITDA Net Profit Hotel Business Highlights • Net profit declined primarily due to higher depreciation and increased finance costs. • Ongoing dedication to executing the company’s strategic plans an
Slide 7: Local Investment
LOCAL INVESTMENT SALHIA ASSIMA ARRAYA • Salhia Complex • Assima Complex • Arraya Commercial Centre • Sahab Tower • Assima Tower • Arraya Plaza • Salhia Plaza • Marriot Executive Apartments • Arraya Tower • Salhia International (MEA) • Marriot Courtyard Entertainment Center (SIEC) • Convention Hall •
Slide 8: Local Investments
t@ LOCAL INVESTMENTS 3 SALHIA
Slide 9: Salhia
SALHIA 92,375 56,775 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 96% 98% 100% Q3 - 2025 Office Q3 - 2025 Store Occupancy Occupancy 1,000
Slide 10: Salhia Complex and Sahab Tower
SALHIA SALHIA COMPLEX • The first integrated retail and leisure complex in the GCC region. • 26,857 square meters of space for commercial offices. • Three floors of retail, and five floors of offices located above the stores SAHAB TOWER • Connected to the Salhia Commercial Complex by a suspended wal
Slide 11: Salhia Plaza
SALHIA PLAZA Key Renovation Features * Designed to support special events and collaborative initiatives * Support for a vibrant and dynamic community experience * Increased footfall benefiting tenant businesses * Upgraded pedestrian pathways for better accessibility d fi 5 ani OW ¢ SALHIA
Slide 12: JW Marriott
JW MARRIOT 33,323 SQM 188 Built Up Number of Area Rooms 5,000 SQM Nov - 2 2025 100% Expected Number of Opening Restaurants 1,000
Slide 13: JW Marriott
JW MARRIOT • Located in the heart of Kuwait City’s business and financial district. • Directly connected to Salhia Complex – offering seamless access to premium shopping and dining. • Officially opened to the public on November 6, 2025. • State-of-the-art event spaces, including Al Thuraya Ballroom
Slide 14: Design Highlights
Design Highlights • Ground floor extension, new reception area, adaptive reuse approach, and enhanced public space. • Signature dining venues: JW Market and Terrace Grill, alongside a spa, health club, and rooftop pool. • Operated by Marriott International, renowned for world-class hospitality and s
Slide 15: Arraya
ARRAYA 92,208 53,579 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 98% 92% 100% Q3 - 2025 Office Q3 - 2025 Store Occupancy Occupancy 1,000
Slide 16: Arraya Centre and Arraya Tower
ARRAYA ARRAYA CENTRE • Situated in the heart of Kuwait City • Featuring a range of shops, upscale eateries and casual hangouts. • Six-floors car park accommodating 1,400 cars, connected by suspended bridges overlooking the Arraya Plaza. ARRAYA TOWER • 57 floors designated for office workspaces. • Ar
Slide 17: Marriott Courtyard
MARRIOT MARRIOT COURTYARD COURTYARD • Adjacent to Arraya Centre and is in the center of the city. • 6 fully furnished banquet halls, a business center, and a cutting-edge swimming pool and fitness center. • Operated by Marriot International CONVENTION HALL • 2,750 SQM ballroom adjacent to the hotel
Slide 18: Assima
ASSIMA 180,500 71,924 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 96% 13 100% Q3 - 2025 Store Anchor Occupancy Units 1,000
Slide 19: Assima Mall
ASSIMA MALL ASSIMA MALL • 20,000 SQM across four basements, a ground floor, and six floors of shops, restaurants, entertainment venues, etc. • Largest mall in Kuwait City, strategically located in the heart of the capital. • Features dedicated entertainment centers for families, including cinemas, p
Slide 20: Assima Tower
ASSIMA TOWER ASSIMA TOWER • Occupancy rate stands at 46% as of Q3 - 2025 • Project Completion January 2024. • Connected to Assima Mall, featuring a multi-story parking facility designed for the convenience of both visitors and tenants. 99,500 59,524 46% 51 SQM SQM Built Up Gross Leasable Q3 -25 Offi
Slide 21: Marriott Executive Apartments
MARRIOT EXECUTIVE APARTMENTS MEA • Operated by Marriot International • First Marriot Executive Apartments in Kuwait • Available for short and long stay residency. • Fully equipped fitness center, dining amenities and rentable conference spaces. 25,100 SQM 164 11 1 Built Up Number of Number of Number
Slide 22: Salhia International Entertainment Center
SIEC SALHIA INTERNATIONAL ENTERTAINMENT CENTER • Exclusive National Geographic licensee. • Kuwait’s first National Geographic entertainment center. • For children aged 4 to 14. • Incorporating cutting-edge VR and 4D technology to provide an ultimate experience. 5,097 KD SQM 15 360,336 Built Up Numbe
Slide 23: Anwar Alsabah Property
ANWAR ALSABAH PROPERTY Acquired in Q1 - 2024 A neighboring property to facilitate the new Salhia Commercial Complex extension. 7,797 KD 58 M 3 SQM Plot Land Number of Area Value Plot’s 21
Slide 24: Foreign Investments
M7 SALHIA FOREIGN INVESTMENTS “TIFF FF TI P#?P7z
Slide 25: Foreign Investment
FOREIGN INVESTMENT BEORMA QUARTER, LOLWORTH DEVELOPMENT BIRMINGHAM LIMITED (LDL) (S a l hia In t e r n a t io n a l B ir m in g h a m Lim it e d ) • Phase 1 – Adagio Hotel & King’s Trust • Fully owned subsidiary – Land Option • Phase 2 – Commercial Offices & Residential Apartments 23
Slide 26: Beorma Quarter
BEORMA QUARTER BEORMA QUARTER • A large-scale revitalization initiative incorporating a mix of office spaces, hotels, and residential apartments. • Located in the center of Birmingham and adjacent to a 93,000 m2 shopping center. • Highest residential tower in Birmingham. • 100% Owned Subsidiary. 8,2
Slide 27: Beorma Quarter - Project Phases
BEORMA QUARTER - PROJECT PHASES 25 15
Slide 28: Progress Snapshot's – Beorma Quarter Q3 2025
PROGRESS SNAPSHOT’S Beorma Quarter - Q3 - 2025 26
Slide 29: Lolworth Development
LOLWORTH DEVELOPMENT LOLWORTH DEVELOPMENTS LTD • Lolworth Development– An estimated land area of over 1 million square meters (land option), northwest of Cambridge City Center. • A prime strategic location designed for the development of a leading technology center, facilitating storage and logistic
Slide 30: Est. Projects Timeline Under Development
EST. PROJECTS TIMELINE UNDER DEVELOPMENT 2025 - 2030 Nov - 2025 Q3 - 2026 Salhia Extension JW Marriot Beorma Tower & Kuwait (Kuwait) Residency (Birmingham, UK) 28 *Projects’ timings could change from the provided estimation.
Slide 31: Q3-2025 Financial Highlights
Q3 - 2025 FINANCIAL HIGHLIGHTS 30TH SEPTEMBER 2025
Slide 32: Profitability Indicators - Group
Profitability Indicators - Group Net Profit KD Net Profit Margin % EBITDA KD KD 7.90 M 25 % KD 25.24 M KD 21.53 M KD 3.83 M 11 % 30
Slide 33: Profitability Indicators - Group (Continued)
Profitability Indicators - Group (Continued) Return on Assets % Return on Equity % 4.36% 1.5 % 2.14% 0.71 % 31
Slide 34: Performance Ratios - The Group
Performance Ratios - The Group Revenue KD Operating Expense KD Gross Profit Margin % KD 33.93 M 77 % KD 32.22 M 75 % KD 8.61 M KD 7.34 M 32
Slide 35: Performance Ratios - Real Estate
Performance Ratios - Real Estate Revenue KD Operating Expense KD Gross Profit Margin % KD 28.44 M KD 29.16 M KD 6.50 M KD 5.48 M 81 % 78 % 33
Slide 36: Performance Ratios - Hospitality
Performance Ratios - Hospitality Revenue KD Operating Expense KD Gross Profit Margin % KD 4.77 M 56% KD 2.12 M 51 % KD 3.78M KD 1.86 M 34
Slide 37: Debt Structure
Debt Structure Debt to Equity % Debt to Asset % 1.92 2 66 % 67 % 35
Slide 38: Appendix
APPENDIX
Slide 39: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 37
Slide 40: Consolidated Statement of Financial Position (Cont'd)
Consolidated Statement of Financial Position (Cont’d) 38
Slide 41: Consolidated Statement of Income
Consolidated Statement of Income 39
Slide 42: Slide 42
Slide 43: Thank You
THANK YOU +965 22996097 – 22996081 – 22996346 www.salhia.com ir@salhia.com Safat, Mohammad Thunayyan Al-Ghanem St, Al Kuwayt 13095