Salhia Real Estate Co. K.s.c. · KSE:SRE
Salhia Real Estate Co. K.s.c — Salhia Real Estate — FY2025 Earnings Presentation
43 slides from Salhia Real Estate Co. K.s.c's earnings presentation, Feb 17, 2026
Slide 1: Disclosure letter to Boursa Kuwait
SALHIA qalhall Date: 17/02/2026 Ref.: Ib/08/2026 To: Boursa Kuwait Co. Dear Sirs, Subject: __Analyst/Investors Conference Meeting for the financial year ended on Dec 31, 2025 With reference to the above subject, and as per requirements stipulated in article No. (7-8) “Listed company obligations” of
Slide 2: Disclosure of Material Information Form
SALHIA 4g Hala, ive qaliall Luad\ 3 Disclosure of Material Information Form Name of the listed Company 17 Feb 2026 | Salhia Real Estate Co. (K.P.S.C) Material Information We would like to inform you that Salhia Real Estate Company has conducted the Analyst/Investors Conference for the year 2025 via
Slide 3: 2025 Results Presentation
SA L HIA RE AL E S T ATE C O. 2025 Results Presentation Period Ended 31 - Dec - 25
Slide 4: Disclaimer / Disclosure / Forward Statement
Disclaimer / Disclosure / Forward Statement The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is prov
Slide 5: Content
4 Performance Highlights 5 Local Investments CONTENT 23 Abroad Investments Dec - 2025 29 Financial Performance 36 Appendix 3
Slide 6: Performance Highlights - 2025
Performance Highlights - 2025 KD 46.62 M KD 7.42 M KD 29.07 M KD 6.11 M +4% + 58 % - 19 % - 52 % Revenue Revenue EBITDA Net Profit Hotel Business Highlights • Continued commitment to strategy execution. • Improved footfall & occupancy rates. CONTINUE • Effeciancy in under development project executi
Slide 7: Local Investments
ae fm LOCAL EY INVESTMENTS SALHIA
Slide 8: Local Investment
LOCAL INVESTMENT SALHIA ASSIMA ARRAYA • Salhia Complex • Assima Complex • Arraya Commercial Centre • Sahab Tower • Assima Tower • Arraya Plaza • Salhia Plaza • Marriot Executive Apartments • Arraya Tower • Salhia International (MEA) • Marriot Courtyard Entertainment Center (SIEC) • Convention Hall •
Slide 9: Salhia
SALHIA 92,375 56,775 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 95% 98% 100% Q4 - 2025 Office Q4 - 2025 Store Occupancy Occupancy 1,000
Slide 10: Salhia Complex and Sahab Tower
SALHIA SALHIA COMPLEX • The first integrated retail and leisure complex in the GCC region. • 26,857 square meters of space for commercial offices. • Three floors of retail, and five floors of offices located above the stores SAHAB TOWER • Connected to the Salhia Commercial Complex by a suspended wal
Slide 11: Salhia Plaza
SALHIA PLAZA Key Renovation Features * Designed to support special events and collaborative initiatives * Support for a vibrant and dynamic community experience * Increased footfall benefiting tenant businesses * Upgraded pedestrian pathways for better accessibility and flow SALHIA
Slide 12: JW Marriott
JW MARRIOT 33,323 SQM 181 Built Up Number of Area Rooms 5,000 SQM 1 3 100% Ball Room Number of Restaurants 1,000
Slide 13: JW Marriott
JW MARRIOT • Located in the heart of Kuwait City’s business and financial district. • Directly connected to Salhia Complex – offering seamless access to premium shopping and dining. • Officially opened to the public on November 6, 2025. • State-of-the-art event spaces, including Al Thuraya Ballroom
Slide 14: Design Highlights
Design Highlights • Ground floor extension, new reception area, adaptive reuse approach, and enhanced public space. • Signature dining venues: JW Market and Terrace Grill, alongside a spa, health club, and rooftop pool. • Operated by Marriott International, renowned for world-class hospitality and s
Slide 15: Arraya
ARRAYA 92,208 53,579 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 97% 91% 100% Q4 - 2025 Office Q4 - 2025 Store Occupancy Occupancy 1,000
Slide 16: Arraya Centre and Tower
ARRAYA ARRAYA CENTRE • Situated in the heart of Kuwait City • Featuring a range of shops, upscale eateries and casual hangouts. • Six-floors car park accommodating 1,400 cars, connected by suspended bridges overlooking the Arraya Plaza. ARRAYA TOWER • 57 floors designated for office workspaces. • Ar
Slide 17: Marriott Courtyard
MARRIOT MARRIOT COURTYARD COURTYARD • Adjacent to Arraya Centre and is in the center of the city. • 6 fully furnished banquet halls, a business center, and a cutting-edge swimming pool and fitness center. • Operated by Marriot International CONVENTION HALL • 2,750 SQM ballroom adjacent to the hotel
Slide 18: Assima
ASSIMA 180,500 71,924 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 96% 13 100% Q4 - 2025 Store Anchor Occupancy Units 1,000
Slide 19: Assima Mall
ASSIMA MALL ASSIMA MALL • 20,000 SQM across four basements, a ground floor, and six floors of shops, restaurants, entertainment venues, etc. • Largest mall in Kuwait City, strategically located in the heart of the capital. • Features dedicated entertainment centers for families, including cinemas, p
Slide 20: Assima Tower
ASSIMA TOWER ASSIMA TOWER • Occupancy rate stands at 46% as of Q4 - 2025 • Project Completion January 2024. • Connected to Assima Mall, featuring a multi-story parking facility designed for the convenience of both visitors and tenants. 99,500 59,524 SQM 46% 51 SQM Built Up Gross Leasable Q4 -25 Offi
Slide 21: Marriott Executive Apartments
MARRIOT EXECUTIVE APARTMENTS MEA • Operated by Marriot International • First Marriot Executive Apartments in Kuwait • Available for short and long stay residency. • Fully equipped fitness center, dining amenities and rentable conference spaces. 25,100 164 11 1 SQM Built Up Number of Number of Number
Slide 22: Salhia International Entertainment Center
SIEC SALHIA INTERNATIONAL ENTERTAINMENT CENTER • Exclusive National Geographic licensee. • Kuwait’s first National Geographic entertainment center. • For children aged 4 to 14. • Incorporating cutting-edge VR and 4D technology to provide an ultimate experience. 5,097 KD SQM 15 492,815 Built Up Numbe
Slide 23: Salhia Extension
SALHIA EXTENSION Acquired in Q1 - 2024 A neighboring property to Salhia Commercial Complex divided into 4 plots. 9,234 KD 70 M 4 SQM Plot Land Number of Area Purchased Plot’s 21
Slide 24: Salhia Extension
SALHIA EXTENSION 1,680 KD m2 15.9 Plot 2 Expected 5,000 SQM Plot 2 Area Profit KD 19% 19.7 100% Amount Gain from Sold KD Sale % 1,000
Slide 25: Foreign Investments
FOREIGN INVESTMENTS SALHIA
Slide 26: Foreign Investment
FOREIGN INVESTMENT SALHIA BEORMA QUARTER, BIRMINGHAM (Salhia International Birmingham Limited) LOLWORTH DEVELOPMENT LIMITED (LDL) + Phase 1— Adagio Hotel & Prince's Trust * Fully owned subsidiary - Land Option + Phase 2—Commercial & Residential gs SALHIA
Slide 27: Beorma Quarter
BEORMA QUARTER BEORMA QUARTER • A large-scale revitalization initiative incorporating a mix of office spaces, hotels, and residential apartments. • Located in the center of Birmingham and adjacent to a 93,000 m2 shopping center. • Phase 2 Expected completion mid 2026. • Highest residential tower in
Slide 28: Progress Snapshots Beorma Quarter Q4 2025
PROGRESS SNAPSHOT’S Beorma Quarter - Q4 - 2025 26
Slide 29: Lolworth Development
LOLWORTH DEVELOPMENT LOLWORTH DEVELOPMENTS LTD • Lolworth Development– An estimated land area of over 1 million square meters (land option), northwest of Cambridge City Center. • A prime strategic location for developing a leading technology center to facilitate business and logistic services. >1M S
Slide 30: Est. Projects Timeline Under Development
EST. PROJECTS TIMELINE UNDER DEVELOPMENT 2025 - 2028 2025 Q3 - 2026 Salhia Extension JW Marriot Beorma Tower & Kuwait (Kuwait) Residency (Birmingham, UK) 28 *Projects’ timings could change from the provided estimation.
Slide 31: Financial Highlights
2025 FINANCIAL HIGHLIGHTS 31ST DECEMBER 2025
Slide 32: Profitability Indicators
Profitability Indicators Net Profit KD Net Profit Margin % EBITDA KD KD 12.62 M 28 % KD 35.92 M KD 29.07 M KD 6.11 M 13 % 30
Slide 33: Profitability Indicators (Continued)
Profitability Indicators (Continued) Return on Assets % Return on Equity % 2.44 % 6.91 % 3.37 % 1.13 % 31
Slide 34: Performance Ratios - The Group
Performance Ratios - The Group Revenue KD Operating Expense KD Gross Profit Margin % KD 46.62 M 77 % KD 44.70 M KD 12.85 M 73 % KD 10.24 M 32
Slide 35: Performance Ratios - Real Estate
Performance Ratios - Real Estate Revenue KD Operating Expense KD Gross Profit Margin % KD 40 M KD 39.20 M KD 9.78 M 81 % KD 7.50 M 75 % 33
Slide 36: Performance Ratios - Hospitality
Performance Ratios - Hospitality Revenue KD Operating Expense KD Gross Profit Margin % 59 % KD 7.42 M KD 3.07 M KD 2.75 M 42 % KD 4.70 M 34
Slide 37: Debt Structure
Debt Structure Debt to Equity % Debt to Asset % 1.84 1.97 66 % 65 % 35
Slide 38: Appendix
APPENDIX SALHIA
Slide 39: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 37
Slide 40: Consolidated Statement of Financial Position (Cont'd)
Consolidated Statement of Financial Position (Cont’d) 38
Slide 41: Consolidated Statement of Income
Consolidated Statement of Income 39
Slide 42: Slide 42
Slide 43: Thank You
THANK YOU +965 22996097 – 22996081 – 22996346 www.salhia.com ir@salhia.com Safat, Mohammad Thunayyan Al-Ghanem St, Al Kuwayt 13095