Tanmiah Food Company · TADAWUL:2281
Tanmiah Food — Q1 2026 Earnings Presentation
22 slides from Tanmiah Food's earnings presentation, 2026
Slide 1: Earnings Presentation Q1 2026
Earnings Presentation Q1 2026 A vision to become the number one global halal sustainable healthy protein company by 2030
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared solely for use as an investor presentation for Tanmiah Food Company (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for background purpo
Slide 3: Table of Contents
Table of Contents 1 Key Messages & Highlights 2 Financial Overview 3 ESG 4 Key Takeaways 3
Slide 4: Key Messages & Highlights
01 Key Messages & Highlights 4
Slide 5: Q1 2026 Progress on FY 2026 Strategic Priorities
Q1 2026 Progress on FY 2026 Strategic Priorities Enabling long-term value creation through a stronger core, disciplined execution, and scaled capabilities Customer-Focused Strengthen Core & Operational Excellence Digital Enablement 1 Commercial Excellence 2 Optimize the Asset Base 3 & Cost Optimizat
Slide 6: Where We Operate
Where We Operate Tanmiah’s fully integrated and highly efficient business model includes production, further processing, distribution and restaurant operation, with customers in Saudi Arabia, the UAE, Bahrain, Oman, Kuwait, with early traction in select Asian markets Agribusiness Revenue Breakdown (
Slide 7: Asset Optimization
Asset Optimization Strategic Capital Investment to Unlock Efficiency and Margin Upside Current Facilities Leased RUA CAPEX Commitment Capacity Capital Expenditure Agribusiness 795k bpd(1) SAR 82 million SAR 156 million -81.6% YoY Restaurant Operations 94 stores SAR 0.5 million SAR 2 million 204 Opti
Slide 8: Agribusiness Q1 2026
Agribusiness Q1 2026 Advancing product innovation while strengthening regional market presence Recognitions & Initiatives New Products Launch2 LARGE CHICKEN PRODUCTION Product of the Year Award – Gulf Edition Won for 5 consecutive years, most Live Weight Range recently awarded for the FPP 1.8 KG — 2
Slide 9: Q1 2026 Highlights
Q1 2026 Highlights Solid top-line growth and operational progress against a challenging cost environment Agribusiness1 Restaurant Operations Revenue 669 5.6% YoY 62 42.2% YoY Net Income3 11 69.3% YoY (12) 26.4% YoY Financial Highlights (SAR millions) Net Income Margin 1.6% 392 bps YoY -19.2% 1794 bp
Slide 10: Restaurant Operations Q1 2026
Restaurant Operations Q1 2026 Strong Like-for-Like Growth Across Outlets Showcased by Targeted Campaign Execution Country % Channel % Like-for-Like Performance Bahrain % Change YoY Kuwait 5% 7% 17% In Store, 43 12% Aggregator, 57 KSA Q1 2026 88% Transactions Sales Number of Stores and Marketing Camp
Slide 11: Financial Overview
02 Financial Overview 11
Slide 12: Q1 2026 Financial Performance
Q1 2026 Financial Performance Restaurant-led revenue growth; Q1 2026 profitability impacted by higher input costs and elevated financing expenses • Revenue reached SAR 731 million in Q1 2026, reflecting 8.0% YoY growth Revenues Net Income1 • Agribusiness revenue grew 5.6% YoY, with +8.0% YoY -95.4%
Slide 13: Q1 2026 Financial Performance – Profitability
Q1 2026 Financial Performance – Profitability Despite improvements in average selling prices and volume for poultry, margin diluted due to inflation, distributions costs, and new-asset ramp-up • Gross profit declined 1.0% YoY to SAR 167 million. Margin contracting to 22.8%, driven Gross Profit EBITD
Slide 14: Net Income Bridge Charts
Net Income Bridge Charts Balancing Cost Headwinds with Efficiency Gains and Strategic Expansion Q1 2026 vs Q1 2025 5 8 (7) 23 (7) (6) (9) 1 (4) 5 (8) Net Income Pricing Volume, Diesel Rate Production Inflationary Financing Depreciation Expansion of Restaurant Net Income (Actual) Impact Portfolio Mix
Slide 15: Cash Flow Analysis & Working Capital Management
Cash Flow Analysis & Working Capital Management Strengthening liquidity as the business transitions from investment to cash generation 92 89 92 91 Working Capital 81 ▪ Working capital declined further in Q1 2026, 325.4 while working capital days remained stable. 226.6 Improved inventory levels and c
Slide 16: Sustaining Growth with a Strong Financial Foundation
Sustaining Growth with a Strong Financial Foundation Reducing long-term debt and maintaining funding flexibility as the focus shifts from investment to returns Mar 2026 Dec 2025 Debt Type RoIC (1) (2) 2.6% 3.6% Profitability RoE (1) -5.1% -2.0% 551 (-6%) 739 Long Term (+7%) Activity Current ratio 1.
Slide 17: ESG
03 ESG 17
Slide 18: Sustainability Journey: Growing Measurably Year by Year
Sustainability Journey: Growing Measurably Year by Year A vertically integrated protein champion, with sustainability embedded in every link of the farm-to-fork value chain 2022 • • 5-year Sustainability Strategy UN Global Compact KSA Board 2023 Double Materiality Assessment 1st GRI-aligned Sustaina
Slide 19: How Sustainability Flows Through Tanmiah
How Sustainability Flows Through Tanmiah Turning Sustainability into Measurable Operational and Financial Impact LAYER 1 · Three fundamental pillars LAYER 2 · Eight focus areas PEOPLE Customer Trust Innovation HSE Corporate Culture AGRICULTURE PLANET Circularity Environment Talent DEI LAYER 3 · Samp
Slide 20: Key Takeaways
04 Key Takeaways 20
Slide 21: From disciplined execution to sustainable, margin-led growth
From disciplined execution to sustainable, margin-led growth Our strategic priorities are anchored in disciplined execution, operational excellence and a clear focus on long-term value creation Market Environment Strategic Pillars Guiding Execution • The industry is experiencing a prolonged period o
Slide 22: Thank You
THANK YOU Investor Relations & Media Queries ir@tanmiah.com www.tanmiah.com