Al Masar Al Shamil Education Co. · TADAWUL:6019
Al Masar Al Shamil Education — Q2 2026 Earnings Presentation
30 slides from Al Masar Al Shamil Education's earnings presentation, August 2026
Slide 1: Shaping Futures: Growth with a Purpose
SHAPING FUTURES: GROWTH WITH A PURPOSE ALMASAR ALSHAMIL EDUCATION Q2 2026 Earnings Presentation
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”) has been prepared by the Company solely for informational purposes. It does not constitute, and should not be interpreted as, an offer, invitation, or recommendation to subscribe for, purchase, or sell any securities of the Company. Any potential off
Slide 3: Agenda
AGENDA 04 02 INVESTMENT 03 HIGHLIGHTS 05 FINANCIAL 01 PERFORMANCE SEGMENT APPENDIX PERFORMANCE EXECUTIVE SUMMARY 3
Slide 4: 01 Executive Summary
a 01 EXECUTIVE - SUMMARY
Slide 5: Key Highlights
KEY HIGHLIGHTS 01 Company Overview 02 03 04 05 Strong H1 2026 Performance with Continued Profitability Growth Financial Operational Growth Strategic Expansion Value Creation Performance Students and beneficiaries increased Signed a non-binding MoU to acquire Strong operating leverage Delivered stron
Slide 6: Company Overview
COMPANY Operating across Saudi 01 Company Overview 02 03 04 05 OVERVIEW Arabia and UAE Al Jawf Madinah Al Quassim Dubai 2 Centers 1 Center 2 Centers 3 Campuses Regional specialised education leader 1 School Catering to Integrated education leader Abu Dhabi 28.9K 1.4K 2 Campuses 41 SEC1 Daycare Cente
Slide 7: Overview: 20+ years of operating know-how
OVERVIEW 01 Company Overview 02 03 04 05 20+ years of operating know-how has created segment leaders 2003 2005 2007 2021 2022 2024 2025 Abu Dhabi Middlesex University First rehabilitation Second Middlesex Almasar acquires Parent company Listing Almasar University Dubai campus centre launched Univers
Slide 8: Strategy Update
STRATEGY UPDATE 01 Company Overview 02 03 04 05 Disciplined execution on strategic objectives Strategic SEC facilities SEC network Higher education Capture further objectives ramp-up expansion enrolment growth opportunities Increase capacity utilisation, expand Expand the SEC network to meet Drive s
Slide 9: Operational Performance
OPERATIONAL PERFORMANCE 01 Company Overview 02 03 04 05 Continued operational momentum supporting long-term growth across the Group Students & Beneficiaries SEC Network Expansion MDX Student Growth ▲21% YoY ▲+5 centers YoY 23.9K 28.9K 36 Daycare Centers 41 Daycare Centers ▲16% YoY ▲+5 schools YoY 10
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS 01 Company Overview 02 03 04 05 Strong H1 2026 financial performance driven by sustained revenue growth and improving profitability Revenue EBITDA Net profit SAR SAR SAR SAR SAR SAR 288.1M 351.0M 137.2M 181.9M 101.8M 131.7M ▲22% YoY ▲33% YoY ▲29% YoY Revenue, SAR million EBITDA,
Slide 11: 02 Financial Performance
02 FINANCIAL PERFORMANCE
Slide 12: Revenue
REVENUE 01 02 Financial Performance 03 04 05 Revenue growth remained strong across all revenue streams and business segments Higher Education Revenue by segment, SAR million Special Needs Education & Care (SEC) +22% +22% +22% 143 261 117 215 59 47 222 273 171 208 87 104 FY 2024 FY 2025 H1 2025 H1 20
Slide 13: EBITDA
EBITDA 01 02 Financial Performance 03 04 05 Operating leverage driving sustained profitability growth EBITDA, SAR million Margin +6% +33% +34% 43% 50% 58% 52% 48% 52% Picture filler needed 216 228 137 182 71 95 FY 2024 FY 2025 H1 2025 H1 2026 Q2 2025 Q2 2026 • EBITDA increased 33% YoY to SAR 181.9 m
Slide 14: Net Profit
NET PROFIT 01 02 Financial Performance 03 04 05 Continued profit growth supported by operating leverage and NEMA contribution Net Profit, Net Profit To Equity, SAR million SAR million Margin +7% +29% +31% +29% +29% +9% 30% 34% 38% 42% 35% 40% 148 159 102 132 53 69 120 130 90 119 50 65 FY 2024 FY 202
Slide 15: EBITDA & Net Profit Bridge
EBITDA & NET PROFIT BRIGDE 01 02 Financial Performance 03 04 05 Profitability expansion driven by operating leverage and broad-based business performance EBITDA BRIDGE, SAR million NET PROFIT BRIDGE, SAR million EBITDA growth driven by solid growth across all business Net profit continued a similar
Slide 16: Cash Position
CASH POSITION 01 02 Financial Performance 03 04 05 Strong balance sheet to facilitate growth and support value creation Net Cash / (Debt) Position, SAR million 96 63 37 Cash 339 309 Financing 221 Leases (46) (97) (106) (137) (146) (140) Jun -25 Dec -25 Jun -26 • Healthy Cash and bank • Bank financin
Slide 17: 03 Segment Performance
03 SEGMENT PERFORMANCE
Slide 18: HDC Key H1 2026 Highlights
HDC 01 02 03 Segment Performance 04 05 Key H1 2026 Highlights Expanded the HDC Growth pipeline remains Beneficiaries Revenue increased network to 41 daycare strong, with additional increased 19% year- 23% year-on-year to centres and 15 facilities currently under on-year to 7.7k, SAR 143.2 million, s
Slide 19: SEC Segment Performance
SEC 01 02 03 Segment Performance 04 05 Human Development Company As of 30 June 2026 Specialisation: Special needs education and care 15 Schools 41 Daycare 7.7K Beneficiaries Centers Students, ‘000s Revenue, SAR Million EBITDA, SAR million Net Profit, SAR million +19% YoY +25% YoY +14% YoY +23% YoY +
Slide 20: MDX Key H1 2026 Highlights
MDX 01 02 03 Segment Performance 04 05 Key H1 2026 Highlights MDX Dubai student Launched the London Sports Expanded the Continued enhancing enrolment increased Institute in February 2026, academic portfolio MDX's academic 16% YoY to 7.2k, with strengthening MDX Dubai's through the offering through i
Slide 21: Higher Education: Middlesex University Dubai
HIGHER EDUCATION 01 02 03 Segment Performance 04 05 Middlesex University Dubai As of 30 June 2026 Specialisation: 1 2 7.2K Undergraduate & Postgraduate University Campuses Students Students, ‘000s Revenue, SAR Million EBITDA, SAR million Net Profit, SAR million +20% YoY +16% YoY +13% YoY +16% YoY +1
Slide 22: NEMA Holding Key H1 2026 Highlights
NEMA HOLDING 01 02 03 Segment Performance 04 05 Key H1 2026 Highlights Student enrolment increased Signed a strategic partnership with Abu Dhabi University introduced 19 new 24% YoY to 14.0k across Abu Epsom College (UK) to establish high-demand academic programmes, Dhabi University and LIWA two new
Slide 23: Higher Education: NEMA Holding
HIGHER EDUCATION 01 02 03 Segment Performance 04 05 NEMA HOLDING As of 30 June 2026 Specialisation: 2 5 14.0K Undergraduate & Postgraduate; Corporate Training Universities Campuses Students Students, ‘000s Revenue, SAR Million EBITDA, SAR million Net Profit, SAR million +33% YoY +58% YoY +45% YoY +8
Slide 24: 04 Investment Highlights
04 INVESTMENT HIGHLIGHTS
Slide 25: Core Business Pillars
CORE BUSINESS PILLARS 01 02 04 04 Investment Highlights 05 01 02 03 04 05 06 High growth Market leading position Focus on inclusive, Strong financial Scalable business Seasoned leadership and underserved as #1 player in GCC high-quality education growth, healthy model, capitalising on team with a st
Slide 26: 05 Appendix
05 APPENDIX
Slide 27: Financial Statements: Income Statement
FINANCIAL STATEMENTS SAR'000 Revenue Q2 2025 134,313 Q2 2026 163,352 H1 2025 288,110 H1 2026 351,011 Consolidated Direct costs (74,939) (83,272) (155,857) (181,552) income statement Gross Profit 59,374 80,080 132,253 169,459 General and administrative expenses (28,906) (41,445) (62,895) (85,743) Sha
Slide 28: Financial Statements: Balance Sheet
FINANCIAL SAR'000 Property and equipment Dec’25 155,339 June’26 164,942 STATEMENTS Right-of-use assets Goodwill and intangible assets Investment in an associate 140,245 609,284 427,236 132,968 606,409 459,088 Consolidated ASSETS Inventories 1,618 2,203 balance sheet Trade and other receivables Cash
Slide 29: Financial Statements: Cash Flow Statement
SAR'000 H1 2025 H1 2026 FINANCIAL Profit before zakat and income tax Adjustments for: 109,098 144,665 STATEMENTS Share of results of an associate Depreciation of property and equipment Depreciation of right-of-use assets (23,653) 7,834 14,254 (44,330) 11,586 18,687 Consolidated Amortization of intan
Slide 30: Shaping Futures: Growth with a Purpose
SHAPING FUTURES: GROWTH WITH A PURPOSE ALMASAR ALSHAMIL EDUCATION Second quarter ended 30 June 2026 Earnings Presentation STRICTLY PRIVATE AND CONFIDENTIAL
Almasar Alshamil Education — Q2 2026 Earnings Presentation on 6ix