Alamar Foods Co. · TADAWUL:6014
Alamar Foods — Q2 2026 Earnings Presentation
21 slides from Alamar Foods's earnings presentation, Aug 11, 2026
Slide 1: Earnings Presentation Q2 2026
Earnings Presentation Q2 2026 8/7/2026
Slide 2: Agenda for today's Earnings Call
Agenda for today’s Earnings Call • Q2 2026 Key messages • Alamar at a Glance • Financial Performance • Q&A 11 August 2026 2
Slide 3: Q2 2026 Key messages
Earnings Presentation – 11 August 2026 Q2 2026 Key messages
Slide 4: Strong Q2 2026 performance, with double-digit growth across key metrics
Strong Q2 2026 performance, with double-digit growth across key metrics Q2 2026 performance vs. Q2 2025 Revenue growth Adj. EBITDA growth Adj. net profit growth Corporate stores +18% +20% +15% 614 +10% excluding Five Guys Margin 12.7%, up 0.2pp to SAR 19.1 million +64 corporate stores vs. Q2 2025 H1
Slide 5: New store openings to accelerate in H2, with targeted relocations strengthening store economics in KSA
New store openings to accelerate in H2, with targeted relocations strengthening store economics in KSA 1. Disciplined expansion and network optimization Q2 Progress • Opened 4 new corporate restaurants on a net basis in Q2 and 6 year-to-date • 6 further stores opened shortly after quarter-end, with
Slide 6: Five Guys acquisition complete and off to a strong start, as we evaluate further opportunities
Five Guys acquisition complete and off to a strong start, as we evaluate further opportunities 2. Integration of strategic transactions Q2 Progress • Five Guys KSA acquisition completed on 29 April, adding 13 restaurants to the portfolio • Seamless integration across people, IT and operations, with
Slide 7: Product and digital innovation continue to broaden our offering and enhance customer satisfaction
Product and digital innovation continue to broaden our offering and enhance customer satisfaction 3. Customer experience & digital transformation Q2 Progress • Expanded product innovation across Domino’s and Dunkin’, including the KSA pasta rollout, with a broader pipeline in development • Enhanced
Slide 8: Pricing, commercial and cost actions continue to drive margin expansion
Pricing, commercial and cost actions continue to drive margin expansion 4. Operating excellence Q2 Progress • Refined pricing, promotions and bundle architecture, contributing to a 1.1 ppt YoY expansion in gross margin • Strengthened aggregator economics in KSA and UAE through pricing actions, revis
Slide 9: Locally relevant campaigns reached new audiences and consumption occasions
Locally relevant campaigns reached new audiences and consumption occasions 5. Brand relevance & social impact Q2 Progress • Partnered with Saudi content team Peaks on a limited-edition Domino’s Solo meal, paired with exclusive digital content • Ran special World Cup promotions across both Domino’s a
Slide 10: Alamar at a Glance
Earnings Presentation – 11 August 2026 Alamar at a Glance
Slide 11: Leading QSR player in MENA region, backed by strong brands
Leading QSR player in MENA region, backed by strong brands… Our brands Where we operate System-wide stores by country 85% of Q2 2026 revenue 1 11 8 33 16 Oman Tunisia Lebanon Syria Yemen 23 Jordan Iraq 80 Morocco Kuwait 42 Bahrain Algeria 7% of Q2 2026 revenue 1 12 Libya 60 328 13 Qatar Pakistan Egy
Slide 12: Advanced digital capabilities, capex-light expansion model and solid cash generation
…with advanced digital capabilities, capex-light expansion model and solid cash generation Alamar is leveraging omni-channel ordering and multiple service … and is well positioned to … supported by strong digital methods to address evolving consumer preferences… benefit from major trends in and deli
Slide 13: Financial Performance
Earnings Presentation – 11 August 2026 Financial Performance
Slide 14: Q2 2026 financial highlights
Q2 2026 financial highlights 279mn 86mn 35mn 16mn SAR SAR SAR SAR Revenues Gross Profit Adj. EBITDA Net Profit to Shareholders +18% YOY +22% YOY +20% YOY +5% YoY 19mn 37mn 26mn 65mn SAR SAR SAR SAR Adj. Net Profit To Shareholders OCF FCF Net Debt +15% YOY -7% YOY -14% YOY vs. Net Cash
Slide 15: Total store count increased to 764 restaurants as of June 2026, up 6.1% YoY
Total store count increased to 764 restaurants as of June 2026, up 6.1% YoY Group Store Count by Region Q2 2026 Group Store Count by Brand +48 (incl. +29 Makkah & -20 +10 +6 Brand Q2 25 Q2 26 YoY Change +13 Five Guys) (+9 excl. Makkah) 341 293 Domino’s 650 679 29 170 150 126 136 131 137 Dunkin’ 70 7
Slide 16: Double-digit YoY revenue growth, supported by broad-based momentum and Five Guys contribution
Double-digit YoY revenue growth, supported by broad-based momentum and Five Guys contribution Revenues (SAR mn) Q2 2026 +18% Share of Q2 2026 261.4 278.9 revenue 236.7 236.7 236.9 in stable currency 87% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Total Revenue Movement by Geography YoY (SAR mn) Q2 2026 Revenue pe
Slide 17: Revenue growth translated into higher adjusted EBITDA and margin expansion
Revenue growth translated into higher adjusted EBITDA and margin expansion Adj. EBITDA Margin (%) Q2 2026 +0.2 pp 12.5% 12.6% 13.3% 12.7% 7.3% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 2026 Operating Profit (EBIT) (SAR mn) Profitability trends • Adjusted EBITDA increased 19.7% year-on-year to SAR 35.3 millio
Slide 18: Net profit grew despite non-recurring costs, reflecting stronger underlying performance
Net profit grew despite non-recurring costs, reflecting stronger underlying performance Net Profit to Shareholders (SAR mn) Q2 2026 EBITDA reconciliation +5% (SAR mn) Q2 2026 15.3 15.7 17.5 16.0 Net Income to shareholders 16.0 1.8 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Minority interest 0.6 Finance cost, net
Slide 19: Strong balance sheet supports consistent dividends, as top-line growth strengthens cash flow
Strong balance sheet supports consistent dividends, as top-line growth strengthens cash flow Cash flow performance and balance sheet Cash & Cash Equivalents Movement YTD (SAR mn) Q2 2026 • Q2 operating cash flow was SAR 37.0 million versus SAR 39.6 million last year, as working capital movements off
Slide 20: Monthly sales trends show continued momentum into Q3
Monthly sales trends show continued momentum into Q3 Average daily sales1 - Group (January 2023 = 100%) Ramadan Summer break Ramadan Summer break Ramadan Summer break Ramadan Summer break 2023 2023 2024 2024 2025 2025 2026 2026 105 108 107 105103 106 100 99 98 99 97 98 99 98 99 94 95 89 86 91 86 82
Slide 21: Thank You
THANK YOU ZA