Mezzan Holding Company Kscc · KSE:MEZZAN
Mezzan Holding Company Kscc — Mezzan Holding Company — H1 2026 Earnings Presentation
18 slides from Mezzan Holding Company Kscc's earnings presentation, Aug 13, 2026
Slide 1: H1 2026 Earnings Presentation
2026 H1 Earnings Presentation Aug 13, 2026 1
Slide 2: Disclaimer
Disclaimer This confidential document is provided for informational purposes only. THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES IN ANY JURISDICTION. IT IS SOLELY FOR U
Slide 3: Agenda
Agenda Financial Highlights Financial Review Q&A 3
Slide 4: Financial Highlights
Financial Highlights Amr Farghal Group CEO
Slide 5: H1 Financial Highlights
As of June 30, 2026 H1 Financial Highlights Revenue Gross Margin EBITDA EBITDA (H1, 2023-2026) 2.7% -0.5% +9.6% 14.4% CAGR 2023 13.9 KD 163.3 m 24.1% KD 39.4 m KD 20.8 m 2024 17.0 Net profit Net Income Net Profit to before tax Parent 2025 19.0 +20.3% +20.8% +21.8% 2026 20.8 0 KD Millions 21 KD 13.7
Slide 6: Growth in Headwinds
H1 2023 Vs. H1 2026 Growth in Headwinds Net profit Net profit margin Revenue +92% 4.7% to 7.8% +16% KD 6.6m to 12.7m +3.1 points KD 140m to 163m EBITDA Fastest market Manufacturing area +50% KSA +43% +24% KD 13.9m to 20.8m Saudi turnaround delivering 73,600 to 91,400 sqm Over three years, Mezzan has
Slide 7: Margin Expansion
H1 2023 Vs. H1 2026 Margin Expansion Gross margin Margin, H1 2023 vs H1 2026 (%, Group) H1 2023 H1 2026 +3.0 pts 21.1% to 24.1% 24.1 21.1 Net profit margin +3.1 pts 12.7 4.7% to 7.8% 10.0 9.9 6.8 7.8 Pricing, mix and cost discipline 4.7 widened margins across the board. Profit compounding faster tha
Slide 8: H1 Trends
H1 Trends H1 Revenue H1 Gross Profit H1 Net Profit KD Millions KD Millions KD Millions +5.2% +10.0% +24.4% CAGR CAGR CAGR 2023 140.4 2023 29.6 2023 6.6 2024 152.2 2024 34.9 2024 9.0 2025 159.0 2025 39.1 2025 10.5 2026 163.3 2026 39.4 2026 12.7 0 165 0 40 0 15 Note: All figures are rounded. Manual ca
Slide 9: Financial Review
Financial Review Omar Samoud Group CFO
Slide 10: Revenue by Business Line
Revenue By Business Line Food Business Line Non-Food Business Line +3.6% +1.1% Generating 63.9% of total Group H1'2026 revenue Generating 36.1% of total Group H1'2026 revenue Note: All figures are rounded. Manual calculations for the variances and percentage difference may not align with the present
Slide 11: Revenue by Business Line Division
Revenue By Business Line Division Food Business Line (+3.6%) Non-Food Business Line (+1.1%) Manufacturing Catering Services FMCG & Healthcare Industrials and distribution +3.7% +3.2% +3.7% +1.2% -1.8% 58.4% of Group H1 4.6% of Group H1 0.9% of Group H1 34.5% of Group H1 1.6% of Group H1 revenue reve
Slide 12: Revenue by Country
Revenue by Country Contribution to Group’s top-line Revenue growth by country * Kuwait UAE Jordan Qatar KSA 74.4% 12.7% 5.3% 4.4% 3.2% +1% +7.1% -8.9% +16.8% +43.1% Note: All ratios are in comparison to H1 2025 unless otherwise indicated. All figures are rounded. Manual calculations for the variance
Slide 13: P&L
P&L Revenue grew by 2.7%, while operating profit increased by 12.1%, as the impact of higher operating and supply-related costs was partially mitigated by the net ECL reversal and cost-control measures. Net profit increased by 20.8%, despite pressure on gross margins. KD Million H1’26 H1’25 % Diff R
Slide 14: Cashflow
Cashflow Operating cash flow increased to KD 16.4 million, driven by a significant improvement in working capital movements. Cash flow before financing reached KD 8.0 million, while the higher dividend payment and treasury share purchases resulted in a KD 9.9 million increase in net debt during the
Slide 15: Balance Sheet
Balance Sheet as of June 30, 2026 Total Assets Equity Net Debt Net Debt to KD Millions KD Millions KD Millions Equity (%) KD 328.2 m KD 136.7 m KD 84.3 m 61.7% 2023 271.5 2023 113.8 2022 67.6 2023 59.5 2024 285.1 2024 122.9 2023 66.5 2024 54.1 2025 343.2 2025 131.1 2024 74.8 2025 57.1 2026 328.2 202
Slide 16: Debt Trends
Debt Trends as of June 30, 2026 Net debt increased to KD 84.3 million, mainly reflecting the annual dividend payment and treasury share purchases. Net debt to LTM EBITDA stood at 2.3x, with continued EBITDA growth helping to contain the increase in leverage. Note: All figures are rounded. Manual cal
Slide 17: Q&A
Q&A 17
Slide 18: Investor Relations Contact
Investor Relations Contact Omar Fouda Head of Investor Relations omar.fouda@mezzan.com
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