Mair Group - P.j.s.c. · ADX:MAIR
Mair Group - P.j.s.c — H1 2026 Earnings Presentation
31 slides from Mair Group - P.j.s.c's earnings presentation, August 2026
Slide 1: MAIR Group PJSC Earnings Presentation H1 2026
MAIR GROUP PJSC EARNINGS PRESENTATION H1 2026 August 2026
Slide 2: Cautionary Statements Regarding Forward-looking Information
Disclaimer Page Cautionary Statements Regarding Forward-looking Information This presentation has been prepared by MAIR Group (“MAIR”) and may include information that has not been reviewed or verified by the Group’s auditors. The data presented is based on sources considered reliable; however, MAIR
Slide 3: Agenda
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Sustainability 6. Appendix
Slide 4: Our Scope of Work
Our Scope of Work Enriching Lives We are redefining our grocery retail experience – blending our deep-rooted cooperative legacy with innovation in stores, digital platforms, and private brands. Through ADCOOP and our strategic partnership with SPAR, we serve communities across the UAE with accessibl
Slide 5: Our Journey
Our Journey Strategic transformation; from cooperative heritage to institutional scale 1977 - 2001 2010 - 2022 2024 Foundational Years Brand Diversification MAIR Group Launch & MAIR Group’s origins date back to 1977 & Market Leadership Listing on ADX with the establishment of Al Dhafra Cooperative S
Slide 6: A Diversified UAE Presence
A Diversified UAE Presence 32 Stores 19 Stores Retail and real estate aligned for scalable expansion across the UAE • Diversified footprint across strategic UAE growth corridors • Integrated grocery retail and community mall ecosystem • Centralized supply and asset management platform enabling disci
Slide 7: Our Integrated Business Model
Our Integrated Business Model Three verticals reinforcing one another Vertical #1 Vertical #2 Vertical #3 Grocery Commercial Other Food Retail Real Estate Operations ü Leading community-embedded ü Community retail destinations ü Strengthening vertical integration grocery platform across the UAE with
Slide 8: Operational Highlights
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Sustainability 6. Appendix
Slide 9: Grocery Retail
Grocery Retail The Retail Engine of MAIR Group; An integrated ecosystem and multi-format platform, operating under three brands; ADCOOP, SPAR, and COOPS, catering to the diversified consumer needs across the UAE. Redefining the shopping experience by combining heritage, scale, and innovation to deli
Slide 10: Scaling Growth through a Multi-format Store Portfolio
Scaling Growth through a Multi-format Store Portfolio Seamlessly catering for all UAE communities through a digitally enabled platform Accelerated expansion Community Supermarket Trusted local anchor tenant Premium Urban Convenience Scalable store formats Community Centric Omnichannel Trade and Reta
Slide 11: Continued Retail Growth in H1'26
Continued Retail Growth in H1’26 Supported by customer value initiatives and operational excellence 3 6.2% Brands Like-for-Like Dalma Abu Dhabi Dubai & H1’26 Northern Emirates 99 60k Stores Average Daily Transactions 22% 1 Al Ain Fresh Sales COOPS Store Contribution* Opening in Kalba - Sharjah * Fre
Slide 12: Accelerating Retail Transformation
Accelerating Retail Transformation Q2’26 retail growth drivers 1 90+ Abu Dhabi Citizen’s Loyalty Program New 1x COOPS Products in Food Products Gaining Store (Kalba - Sharjah) Private Labels Program Momentum Expansion into the Launched in Q2 under our 2 Expanded across the retail ADCOOP’s loyalty pr
Slide 13: Accelerating Retail Transformation (continued)
Accelerating Retail Transformation (continued) Supporting LFL growth through enhanced customer value, product expansion, and operational improvements 140+ bps Supply Chain Efficiency Process Improvements Continued Retail Training Schools Fresh Participation In-store fresh participation Centralizatio
Slide 14: Commercial Real Estate
Commercial Real Estate Makani Real Estate (“Makani”) is MAIR Group’s Commercial Real Estate arm and one of the UAE’s top retail property operators. With over 70 malls and community centers, including the iconic Mall of Al Ain, Makani creates vibrant destinations that bring together shopping, dining,
Slide 15: Real Estate Presence Nationwide
Real Estate Presence Nationwide High-occupancy community assets driving stable cashflows YoY Malls & Sales Growth Community Hubs 12.6% 70+ Dalma Abu Dhabi Dubai & Northern Emirates Gross Leasable Area Added GLA (GLA) during H1’26 c.475K SQM 70K SQM 17% YoY Growth in H1’26 Retail Gross Occupancy Sell
Slide 16: Key Projects Real Estate Pipeline
Key Projects Real Estate Pipeline Strategic Real Estate Expansion Underway Across the UAE 4 Delivered Projects 12 Active Projects Develop new community centers in areas targeted by retail Flagship Mall of Al Ain approved for renovation with an investment of AED c.100 Mn 2026 2027 2028 • Makani Al Mi
Slide 17: Financial Highlights
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Sustainability 6. Appendix
Slide 18: H1 2026 Financial Highlights
H1 2026 Financial Highlights Group Revenue EBITDA1 Free Cashflow 1.08 Bn 139 Mn (51) Mn +5.8% YoY (11.8)% Retail Revenue Operating Profit Net Cash2 +6.2% LFL 69 Mn 180 Mn +4.7% Total Retail Sales (27.7)% YoY Real Estate Revenue Reported Net Profit Capex Invested +12.6% YoY 93.9 Mn 197 Mn +14.8% YoY
Slide 19: Retail Revenue
Retail Revenue Continued like-for-like (LFL) growth offset by net store closure and wholesale H1’26 Retail Revenue Bridge (AED Mn) Retail Revenue LFL Growth Rate (%) 52.7 12.6 918.6 7.7% 877.7 (23.6) (0.7) 4.6% LFL growth and expansion support retail, offset by LFL growth and expansion support retai
Slide 20: Real Estate (Makani) Revenue
Real Estate (Makani) Revenue Makani growth driven by organic performance and KEZAD acquisition H1’26 Makani Revenue Bridge (AED Mn) 9.1 123.6 109.8 0.5 4.2 LFL growth and expansion support retail, offset by closures; Makani driven by organic growth and KEZAD H1'25 Existing New Kezad Acquisition H1'2
Slide 21: Cash Flow Summary
Cash Flow Summary ( Mn) Cash Outflows Reflect Growth Investments and Shareholder Returns Higher capital expenditure to support expansion alongside continued dividend distributions to shareholders. Opening Cash 1 323.4 Cash Flow Statement H1’26 H1’25 Cash from 146.3 Cash from Operating activities bef
Slide 22: Investment Case
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Sustainability 6. Appendix
Slide 23: Why Invest in Us
Investment Case Why Invest in Us Expanding Market Leadership with Opportunities in Diversified Grocery Retail and a High-Growth Market Commercial Real Estate Portfolio MAIR Group leverages a holistic food We operate in a robust UAE economy with resilient macroeconomics, a young, affluent population,
Slide 24: Sustainability
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Sustainability 6. Appendix
Slide 25: Sustainability at MAIR
Sustainability at MAIR Sustainability is central to MAIR Group’s role as a provider of essential goods and community retail destinations across Abu Dhabi Sustainability Purpose We exist to enrich the lives of the communities we serve by providing safe, reliable, and accessible essential goods; suppo
Slide 26: Appendix
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Sustainability 6. Appendix
Slide 27: Share Performance
Investor Relations Share Performance Sept 30: Dec 31: March 31: June 30: Mkt Cap 2.79 Bn Mkt Cap 2.52 Bn Mkt Cap 3.35 Bn Mkt Cap 2.21 Bn Closing Price 1.25 Closing Price 1.13 Closing Price 1.5 Closing Price 0.992 Q3 High 1.49 Q4 High 1.28 Q1 High 1.25 Q2 High 1.68 Q3 Low 1.23 Q4 Low 1.1 Q1 Low 0.97
Slide 28: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss For the six-month period ended 30 June 2026 30 Jun 2026 30 Jun 2025 30 Jun 2026 30 Jun 2025 AED’000 AED’000 AED’000 AED’000 Revenue from contracts with customers 918,315 876,251 Rental revenue 123,919 111,261 Share in the profit (loss) of associates 35,509 8,
Slide 29: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position As at 30 June 2026 vs. 31 December 2025 30 Jun 2026 31 Dec 2025 30 Jun 2026 31 Dec 2025 AED’000 AED’000 AED’000 AED’000 ASSETS EQUITY AND LIABILITIES Non-current assets Equity 728,630 687,840 Share capital 1,115,362 1,115,362 Property and equipment Share
Slide 30: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow For the six-month period ended 30 June 2026 30 Jun 2026 30 Jun 2025 30 Jun 2026 30 Jun 2025 AED’000 AED’000 AED’000 AED’000 Net profit for the Period 93,874 81,798 Cash flows from investing activities Acquisitions of investment & PPE (197,313) (97,159) Proceeds fr
Slide 31: MAIRGROUP.COM
Mina Zayed, Mina Centre, Abu Dhabi, United Arab Emirates 800 MAIRAE 624723 Connect with us on MAIRGROUP.COM