National Agricultural Development Co. · TADAWUL:6010

National Agricultural Development — Q1 2026 Earnings Presentation

15 slides from National Agricultural Development's earnings presentation, 2026

  1. Slide 1: National Agricultural Development Company

    G_acljjJI Goi GuibgJI A$) iW! National Agricultural Development Company

  2. Slide 2: Financial Performance Q1 2026

    Financial Performance Q1 2026

  3. Slide 3: Financial Highlights (in SAR Mn)

    NADEC Financial Highlights (in SAR Mn) D&B Agriculture Protein Revenue by Segments Gross Profit -13.5% Gross Profit Margin Q1 '26 282 Q1 '26 30.8% -9.2% Q1 '25 326 Q1 '25 32.2% 1011 Mn 918 Mn 109 , 95 , 124 , 11% 9% 13% 7 , 1% Operating Profit -1.7% Operating Profit Margin Q1 Q1 Q1 '26 97.6 Q1 '26 1

  4. Slide 4: Financial Highlights – By Product Category (in SAR Mn)

    NADEC Financial Highlights – By Product Category (in SAR Mn) Revenue by Product Category Product Category Growth vs. LY Growth% Fresh Dairy & Derivatives -15 -4% 13% Fresh Dairy & 1% Derivatives 2% Long Life Dairy -3 -1% 0% 38% Long Life Dairy 6% Juice -5 -9% Juice Q1 2026 Snacks 3 N/A Snacks Others

  5. Slide 5: Financial Highlights – By Channel (in SAR Mn)

    NADEC Financial Highlights – By Channel (in SAR Mn) Revenue by Channel Channel Growth vs. LY Growth% Modern Trade -28 -11% 19% 24% Traditional Trade -35 -12% Modern Trade Traditional Trade Foods Service -13 -9% 13% Q1 2026 Foods Service Agriculture -102 -93% Agri 1% Protein Protein 29 30% Others 14%

  6. Slide 6: Net Income Bridge (in SAR Mn)

    NADEC Net Income Bridge (in SAR Mn) 9 17 103 -11 45 94 -6 -29 -16 -5 -4 Net Income Protein Agri D&B - D&B - D&B - Operational cost Funding & Al Raie Net Income Q1 '25 - OP - OP Sales price impact cost impact Vol, mix impact Others Q1 '26

  7. Slide 7: Balance Sheet & Ratios – March 2026

    NADEC Balance Sheet & Ratios – 31 March 2026 (in SAR Mn) Dec ’25 Mar ’26 Total Assets: SAR 6,334 Total Assets: SAR 6,419 ROE* ROA* Q1 '26 8.0% Q1 '26 5.8% 20% 20% FY '25 8.5% FY '25 6.2% 27% 27% 7% 8% Debt to Equity Current Ratio 5% 5% 10% 10% Q1 '26 0.06 Q1 '26 2.4x 4% 4% Q1 '25 0.08 Q1 '25 2.2x Re

  8. Slide 8: Working Capital (in SAR Mn)

    NADEC Working Capital (in SAR Mn) Net Working Capital SAR Mn % of Revenue CAPEX as % of revenue 19% 22% 18% 17% 17% 16% 16% 15% 14% 13% 12% 11% 16% 9% 9% 9% 819 626 604 501 402 380 402 213 2019 2020 2021 2022 2023 2024 2025 Mar-26 2019 2020 2021 2022 2023 2024 2025 Mar-26 Days of Inventory outstandi

  9. Slide 9: Cashflow Statement (in SAR Mn)

    NADEC Cashflow Statement (in SAR Mn) 138 Mn 1,730.3 28.6 1,592.3 (138.1) (3.0) (25.6) Bank Net cash Purchase of assets (Repayment) Cash used Bank Bal. Dec from oper. incl. biological, net of loans/ in other fin. Bal. Mar '25* of proceeds new loans activities '26* * The Bank balance taken for the pur

  10. Slide 10: Debt and EBITDA/ EBIT Margins Trend (in SAR Mn)

    NADEC Debt and EBITDA/ EBIT Margins Trend (in SAR Mn) 8.23x 3671 3527 1,834 4.65x 3219 1,636 1,637 3197 1,491 1,525 3.48x 3.89x 2,694 3.15x 2,303 127% 137% 0.62x 2,225 2,225 114% 101% 0.40x 2,096 118% 0.41x 0.27x 21% 21% 20% 19% 19% 19% 18% 11% 6.0% 376 5% 6.1% 283 15% 208 12% 11% 11% 11% 9% 9% 8% 6

  11. Slide 11: Financial Statements

    Financial Statements

  12. Slide 12: Financial Highlights (in SAR Mn) – Income Statement

    NADEC Financial Highlights (in SAR Mn) Income Statement Q1 2026 Q1 2025 Revenue from Operations 918 1,011 Cost of Good Sold (636) (686) Gross Profit 282 326 Selling General & Admin Exp. (214) (210) Other Operating Expenses, net 30 (16) Operating Profit 98 99 Finance Income/Cost, net 12 16 Share of P

  13. Slide 13: Financial Highlights (in SAR Mn) – Balance Sheet

    NADEC Financial Highlights (in SAR Mn) Balance Sheet Mar, 31 2026 Dec, 31 2025 Non-Current Assets 3,438 3,399 Current Assets 2,981 2,935 Total Assets 6,419 6,334 Non-Current Liabilities 444 471 Current Liabilities 1,266 1,254 Total Liabilities 1,709 1,725 Shareholders’ Equity 4,710 4,608 Total Share

  14. Slide 14: Financial Highlights – Cash Flow Statement

    NADEC Financial Highlights Cash Flow Statement Mar 31, 2026 Mar 31, 2025 Net Profit 93 103 Adjustment for Non-Cash and Non-operating Items 74 108 Cash Operating Profit 167 211 Changes in working capital (139) 45 Zakat Paid - - Employee Benefits Paid (6) (7) Cash Flow from Operating Activities 21 250

  15. Slide 15: Thank You!

    Thank You! www.nadec.com.sa

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