Mabanee Company (sakc) · KSE:MABANEE
Mabanee Company (sakc) — Mabanee Company K.P.S.C. — H1 2026 Earnings Presentation
23 slides from Mabanee Company (sakc)'s earnings presentation, 2026
Slide 1: H1 2026 Results
INVESTOR PRESENTATION H1 2026 Results Mabanee Company K.P.S.C. Boursa Kuwait · Established 1964 MABANEE · H1 2026 INVESTOR PRESENTATION
Slide 2: Disclaimer
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 provided as information only. This presentation
Slide 3: Company Profile & Portfolio
SECTION 01 Company Profile & Portfolio ASSETS UNDER MANAGEMENT AT A GLANCE Income-generating portfolio and development pipeline, by asset class and stage. LEGAL NAME Mabanee Company K.P.S.C. ESTABLISHED 1964 STAGE Mall Hotel Residential Office GLA sqm Keys Units GLA sqm HEADQUARTERS Kuwait Current 4
Slide 4: Performance Highlights
SECTION 02 Performance Highlights H1 2026 Group Performance REVENUE ADJ. EBITDA NET PROFIT KD 65.4M KD 44.6M KD 32.4M -4.5% vs. KD 68.5M -1.8% vs. KD 45.4M -35.6% vs. KD 50.3M BUSINESS HIGHLIGHTS Resilient core retail Construction on track Strong liquidity • Regional volatility was absorbed with lim
Slide 5: Operational Projects
SECTION THREE Operational Projects Income-generating assets across Kuwait and Bahrain — anchored by The Avenues, the region's leading retail destination. MABANEE · H1 2026 INVESTOR PRESENTATION
Slide 6: Al Rai Real Estate — Kuwait
OPERATIONAL · KUWAIT Al Rai Real Estate — Kuwait Al Rai ownership Mabanee 100% ASSET DETAIL ASSET CLASS Super Regional Mall DEVELOPMENT STATUS Operational OPENING PERIOD 2007 – 2018 over 4 phases LAND SIZE 394k sqm BUILT-UP AREA 1,278k sqm GROSS LEASABLE AREA 360k sqm The Avenues – Kuwait NO. OF UNI
Slide 7: Al Rai Real Estate — Kuwait (Hotels)
OPERATIONAL · KUWAIT Al Rai Real Estate — Kuwait COMMENTARY Hospitality performance was impacted during the period. • April saw the sharpest demand softening, driven by Hilton Garden Inn Waldorf Astoria airport closures and event cancellations amid regional geopolitical developments. 4-STAR HOTEL 5-
Slide 8: Sorouh – Bahrain
OPERATIONAL · BAHRAIN · SOROUH Sorouh – Bahrain Sorouh ownership Mabanee 35% Others 65% COMMENTARY • Mall operations normalized through Q2, with footfall expected to climb after the summer and school-holiday period. The Avenues - Bahrain Hilton Garden Inn REGIONAL MALL HOTEL STATUS Operational STATU
Slide 9: Projects Under Development
SECTION FOUR Projects Under Development A KWD 2.4 billion pipeline across Kuwait and Saudi Arabia — expanding Mabanee's retail, hospitality, residential and entertainment footprint. MABANEE · H1 2026 INVESTOR PRESENTATION
Slide 10: Hilton Kuwait Mangaf Resort & Souq Sabah
UNDER DEVELOPMENT · KUWAIT Hilton Kuwait Mangaf Resort & Souq Sabah Hilton Kuwait Mangaf Resort & Souq Sabah ownership Mabanee 100% PROJECT NOTES Hilton Kuwait Mangaf Resort • Developed with the Touristic Enterprise Company to upgrade and reposition a prime coastal Hilton Kuwait Mangaf Resort Souq S
Slide 11: Aventura — Jaber Al-Ahmad
UNDER DEVELOPMENT · KUWAIT · J3 Aventura — Jaber Al-Ahmad J3 ownership Mabanee 35% Others 65% PROJECT NOTES • A PAHW partnership with J3 Management & Development, delivering a mixed-use residential and commercial destination in Jaber Al-Ahmad City Aventura Mall Aventura Residences • The mall feature
Slide 12: Shomoul — Asset Detail
UNDER DEVELOPMENT · SAUDI ARABIA · SHOMOUL Shomoul — Asset Detail Shomoul ownership Mabanee 73% Partners 27% The Avenues – Riyadh Riyadh Towers The Avenues – Khobar & Tower SUPER REGIONAL MALL HOTELS + SERV. APTS + OFFICE MALL + 5 Star HOTEL + OFFICE STATUS Construction (95%) STATUS Construction (16
Slide 13: Project Timelines
SECTION FIVE Project Timelines A staged delivery schedule from H1 2026 through H1 2028 across Kuwait and Saudi Arabia. MABANEE · H1 2026 INVESTOR PRESENTATION
Slide 14: Delivery Timeline
SECTION 05 Delivery Timeline Projects under development — anticipated handover by period Aventura Residences The Avenues – Riyadh Riyadh Towers • 276 units incl. 1-3 BHK apartments • GLA- 361K sqm The Avenues Riyadh’s superstructure and 4 BHK Townhouses • 1,250 units have 5 towers. • Waldorf Astoria
Slide 15: ESG Highlights
SECTION SIX ESG Highlights Embedding sustainability across environment, people and governance — with LEED Gold and an MSCI BBB rating. MABANEE · H1 2026 INVESTOR PRESENTATION
Slide 16: Environmental & Social
SECTION 06 Environmental & Social Environmental Initiatives Social Responsibility • FY2025 set as the new baseline for energy, water and waste — with clear targets established to guide ongoing progress. 387 20.1% • Electricity consumption at The Avenues – Kuwait remained flat YoY (Jan–Jun 2026 vs. J
Slide 17: Governance & Certifications
SECTION 06 Governance & Certifications Governance Certification & Standards • Established a Board Governance & Sustainability Committee to enhance ESG oversight and • The Avenues – Kuwait upgraded from LEED Silver to LEED Gold (O&M) by the USGBC. long-term value creation. • The Avenues – Kuwait obta
Slide 18: Financial Highlights
SECTION SEVEN Financial Highlights Financial position and the consolidated statements for H1 2026. MABANEE · H1 2026 INVESTOR PRESENTATION
Slide 19: Financial Snapshot — Performance
SECTION 07 Financial Snapshot — Performance • Excluding the impact of the one-time gain from the sale of freehold interest in a land in Kuwait recognized in the previous year, the Group's net profit for H1 2026 remained stable and broadly in line with the targeted range. • EBITDA was marginally belo
Slide 20: Financial Snapshot — Position
SECTION 07 Financial Snapshot — Position • The Group's asset base and equity base both increased compared to year-end 2025. • Returns on average equity and assets were consistent with previously reported quarters, but lower than H1 2025, reflecting the one-time gain from the sale of freehold interes
Slide 21: Consolidated Balance Sheet
SECTION 07 Consolidated Balance Sheet KD '000 MABANEE · H1 2026 INVESTOR PRESENTATION 21
Slide 22: Consolidated Income Statement
SECTION 07 Consolidated Income Statement KD '000 BASIC EPS (KD Fils) 20.7 H1 2025: 32.1 (-35.6%) Net profit attributable to shareholders declined 35.6% VS. 6M 2025 to KD 32.4M Net profit for the period ended 30 June 2026 decreased compared with the corresponding period in 2025. This was primarily at
Slide 23: Thank You
Thank You We welcome your questions and look forward to continued dialogue. Mabanee Company K.P.S.C. P.O. Box 5132, Safat 13052, Kuwait +965 222 444 29 investorsrelations@mabanee.com www.mabanee.com MABANEE · H1 2026 INVESTOR PRESENTATION
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