Saudi Real Estate Co. · TADAWUL:4020
Saudi Real Estate — Al Akaria — FY2025 Earnings Presentation
44 slides from Saudi Real Estate's earnings presentation, 2026
Slide 1: Al Akaria Q4/FY 2025 Earnings Presentation
Al Akaria Q4/FY 2025 Earnings Presentation
Slide 2: Content
CONTENT Financial performance 01 Subsidiaries Performance 02 Appendix 03 About Al Akaria & its strategy 04 Projects Overview 05 2
Slide 3: Financial Performance
Financial Performance
Slide 4: Financial Performance – Summary
Financial Performance – Summary Overall improvement in profitability driven by higher margins. 2025 Revenue 2025 Gross Profit 2025 Operating Income 2025 Total Net Income SARmn 1,880 SARmn 823 SARmn 598 SARmn 430 -5% YoY 16% YoY 24% YoY 40% YoY 2025 ROAE 2025 Gross Profit Margin 2025 Operating Income
Slide 5: Financial Performance – Revenue
Financial Performance – Revenue Consolidated Revenue for 2025 decreased by 5.4% YoY, despite growth in Standalone revenues. Revenue Movement YoY ( SAR Mn) -5.4 % -5.4% 744 108 628 1,988 1,880 280 489 233 410 (215) 211 353 216 464 209 395 278 194 144 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 + 12 % - 20% Standal
Slide 6: Financial Performance – Gross Profit and Operating Income
Financial Performance – Gross Profit and Operating Income In 2025, Gross Profit Margin improved driven by all business segments. Gross Profit Trend (SAR Mn) Gross Profit Movement YoY ( SAR Mn) 350 43% 60% 16% 49% 300 50% 49% 250 38 52 823 40% 709 24 200 42% 30% 150 29% 20% 100 50 10% 320 310 238 171
Slide 7: Financial Performance – Net Income
Financial Performance – Net Income Total Net profit for 2025 Increased by 40% due to an increase in Standalone and Binyah Net Profit. Total Net Income Movement YoY (SAR Mn) 40% 250 30% 28% 28% 26% 25% 200 430 20% 150 19% 14% 15% 100 10% 108 1 50 5% 306 25 (10) (1) 207 177 125 78 50 - 0% Q4 24 Q1 25
Slide 8: Financial Performance – liquidity & leverage
Financial Performance –liquidity & leverage Al Akaria has maintained healthy levels of liquidity and leverage in 2025 Working Capital ( SAR Mn ) Net Debt ( SAR Mn ) 3,535 1,346 1,384 1,443 905 2,442 2,226 1,947 1,514 2021 2022 2023 2024 2025 (1,439) 2021 2022 2023 2024 2025 Current Ratio Debt / Equi
Slide 9: Subsidiaries Performance
Subsidiaries Performance
Slide 10: Subsidiaries – Binyah
Subsidiaries – Binyah “ Binyah” profits are increasing, and margins are improving. Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 328 321 974 896 245 781 213 182 532 141 400 129 100 92 216 77 40 25 53 19 8 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 2019 2020
Slide 11: Subsidiaries – Tamear
Subsidiaries – Tamear “ TAMEAR” has been awarded two contracts in 2025. Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 264 1 18 15 209 8 2019 2020 2021 2022 2023 2024 2025 184 (6) (14) 152 (24) 2019 2020 2021 2022 2023 2024 2025 91 (39) 71 (8) (15) 27 (67) (33) 2019 2020 2021 2022 202
Slide 12: Subsidiaries – Mumtlakat
Subsidiaries – Mumtlakat Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 33 157 29 14 13 128 25 11 23 23 100 6 91 91 71 74 2 6 7 2019 2020 2021 2022 2023 2024 2025 (5) 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 (13) 25% 25% ➢ Over the past years Mumtalakat pe
Slide 13: Q&A
Q&A
Slide 14: Appendix
Appendix
Slide 15: About Al Akaria & its strategy
About Al Akaria & its strategy
Slide 16: Al-AKARIA Strategy Roadmap
Al-AKARIA Strategy Roadmap Corporate Al Akaria’s Ultimate Goal is to maximize shareholder returns, diversify earnings, and achieve a Portfolio balanced and healthy capital structure. These strategic objectives are supported by clear 2027 targets: Subsidiaries substantially will contribute to a reven
Slide 17: Business Model Overview - What, How, and Where?
Business Model Overview - What, How, and Where? Al Akaria is a real estate developer leader in the market to be the “BEST” not the “BIGGEST”. Our geographical coverage Revenue Stream • Riyadh, Jeddah • IncomesGeneratingAssets(IGA) • PIF’s mega/gigaprojects • Subsidiarybusinesses • (Future) Inthe 5 m
Slide 18: About Al Akaria - Land Bank Locations
About Al Akaria - Land Bank Locations* Strategic landbank portfolio comprising 21 landholdings covering a total land of 18.97m** sqm Total Land Area** No. of Land 18.97m Sqm 21 2 Lands 3 Lands Size 57.2% Size 1.3% MV 15.3% MV 1.5% Market Value (MV) Carrying Value SAR 11.8 B SAR 3.0B 16 Lands Size 41
Slide 19: About Al Akaria – 2025 Revenue Streams
About Al Akaria – 2025 Revenue Streams Diversified revenue streams, between rental, sales and subsidiaries activities 20% 1,880 M 46% 34% Rental Revenue Sales Revenue Subsidiaries
Slide 20: About Al Akaria– Rental Revenue
About Al Akaria– Rental Revenue Stable revenues from a balanced combination of commercial and residential rental properties Commercial (247k Sqm) Residential (1,816 units) AL Akaria 2 Akaria Plaza Olaya Oasis Diplomatic Quarter 1 • Office GLA 50,756 sqm 97% • Office GLA 71,590 sqm 100% • Total Apart
Slide 21: About Al Akaria– Developed Projects Sales Revenue
About Al Akaria– Developed Projects Sales Revenue Al-Akria Off-Plan Sales Projects includes three Projects: Fai Sedra-1 ,Al-Akaria Park and Fai Sedra-2 Recognized vs Unrecognized Revenue 40% 3.01 Bn 60% Recognized Unrecognized *As of December 2025
Slide 22: About Al Akaria – Subsidiaries
About Al Akaria – Subsidiaries Al Akaria and its subsidiaries cover the entire real estate value chain Value Chain Masterplan Property Infrastructure Construction Facilities developer developer Management Al Akaria Ownership 60% 100% 60%
Slide 23: Projects overview
Projects overview
Slide 24: Projects Capex and source of funds
Projects Capex and source of funds Total Capex of SAR 7.96 bn with a funding mix of Equity, debt and IGF CAPEX Source of Funds 21.6% 18% 17% 52.1% SAR 7.96 Bn SAR 7.96 Bn 26.2% 26% 39% PUDs Projects under Planning Upcoming Projects Equity (In-Kind) Equity (Cash) Debt IGF
Slide 25: Projects Under Development (PUDs)
Projects Under Development (PUDs)
Slide 26: PUDs - Al-Reef Residential Community – Riyadh
PUDs - Al-Reef Residential Community (Leasehold) – Riyadh Project Summary Al-Reef project is the first self-integrated residential community in the Diplomatic Quarter offering various housing solutions, including 64 villas and duplexes and 176 apartments supported with state-of-art communal faciliti
Slide 27: PUDs - Fai Sedra (1) Residential Project - Riyadh
PUDs - Fai Sedra (1) Residential Project - Riyadh Project Summary Fai Sedra (1) is a residential scheme located within Sedra Masterplan Phase 1 offering 138 villa units with a design inspired by the Salmani Architecture 44,368 Sqm 54,708 Sqm Land Area Gross Floor Area Project Timeline Status Under c
Slide 28: PUDs - Fai Sedra (2) Residential Project - Riyadh
PUDs - Fai Sedra (2) Residential Project - Riyadh Project Summary Fai Sedra (2) is a residential scheme located within Sedra Masterplan Phase 2 offering 310 villa units with a design inspired by the Salmani Architecture 92,450 Sqm 105,791 Sqm Land Area Gross Floor Area Project Timeline Status Under
Slide 29: PUDs - Tilal Commercial Centre - Riyadh
PUDs -Tilal Commercial Centre - Riyadh Project Summary Flamingo Lifestyle Centre is an Outdoor Lifestyle Center features a Cluster of F&B, Retail shops & Wellness center: 9,509 sqm of GFA and office space occupying 8,935 sqm 21,561 Sqm 18,790 Sqm Land Area Gross Floor Area Project Timeline Status Un
Slide 30: PUDs - Narjes Business Park - Riyadh
PUDs - Narjes Business Park - Riyadh Project Summary Narjes business park will feature low-rise office buildings with GFA of 39,538 sqm and a cluster of F&B and retail shops offering 5,161 sqm of GFA 40,000 Sqm 44,699 Sqm Land Area Gross Floor Area Project Timeline Status Main contract awarded to Ta
Slide 31: PUDs - Al-Akaria Park – Riyadh
PUDs - Al-Akaria Park – Riyadh Project Summary Alkaria Park Masterplan is located in East of Riyadh. featuring 2,926 villa plots, 33 apartment plots and 46 commercial plots. 1,764,855 Sqm 1,058,938 Sqm Land Area Gross Sellable Area Project Timeline Status 100% of the work for main infrastructure 202
Slide 32: Projects Under Planning (PUPs)
Projects Under Planning (PUPs)
Slide 33: PUPs - Porta Jeddah Mixed-use Destination – Jeddah
PUPs - Porta Jeddah Mixed-use Destination – Jeddah Project Summary Porta Jeddah leisure & work destination will feature 238 keys lifestyle hotel & serviced apartments in addition to retail/ dinning/entertainment components with GFA of 29,494 sqm & Grade A office space occupying 26,339 sqm 47,971 Sqm
Slide 34: PUPs - L'Avenir Mixed-use Destination – Riyadh
PUPs - L'Avenir Mixed-use Destination– Riyadh Project Summary L’Avenir is a leisure and work destination that will feature lifestyle hotel offering 280 keys in addition to retail/ dinning/ entertainment with GFA of 10,544 sqm and co-working space occupying 1,768 sqm 25,500 Sqm 34,778 Sqm Land Area G
Slide 35: PUPs - Vyda Residential Project - Riyadh
PUPs - Vyda Residential Project -Riyadh Project Summary Vyda is a residential scheme located within Akaria Park Masterplan offering 280 villa units. The project is a joint venture (JV) between Al-Akaria and Al-Tahaluf 88,492 Sqm 119,849 Sqm Land Area Gross Floor Area Project Timeline Status 2025 202
Slide 36: PUPs - Sitteen Vertical Residential - Riyadh
PUPs - Sitteen Vertical Residential - Riyadh Project Summary Sitteen project is the vertical residential community offering various size of apartment unit including 320 apartments supported with state-of-art communal facilities and retail shops occupying 1,548 sqm on the ground floor 9,857 Sqm 33,26
Slide 37: Upcoming Pipeline Projects
Upcoming Pipeline Projects
Slide 38: Upcoming Projects - Al-Akaria (1) Mixed-Use – Riyadh
Upcoming Projects - Al-Akaria (1) Mixed-Use –Riyadh Project Summary Al-Akaria (1) is a transit-oriented development (TOD) offering 167 keys internationally branded hotel and a promenade featuring 16,845 sqm of F&B and retail GFA alongside 35,000 sqm of collaborative office space and 389 apartment un
Slide 39: Strategic Focus on Key Business Areas
Strategic Focus on Key Business Areas Lead in World-Class Quality and Service Excellence • Maintaining healthy capital structure • Sell lands whichare not partof futureplans to improve liquidity to fund new projects (andavoid whiteland tax) Enhancing the • Sell equityinvestmentswith returnsbelow tar
Slide 40: Restricted lands
Restricted lands
Slide 41: Restricted land – Al Widyan
Restricted land– Al Widyan Total Land Area Carrying Value* Market Value About Al Widyan Land Sqm 6.09mn SAR 2.9bn SAR 7.9 bn As of Dec 2025 • Al Akaria invested in the land for Al Widyan project. • Al Akaria was informed by the government that the land is located in an area currently under study by
Slide 42: Not available for use lands
Not available for use lands Total Land Area Carrying Value* Market Value About the lands Sqm 10.2m SAR 438mn SAR 1.74 bn As of Dec 2025 • Al Akaria lands, which are located in Benban, Al Aarid and AlDammam industrial are currently not available for use or development Lands Summary • The land restric
Slide 43: IR contact details
IR contact details Ayoub Alamrani Head Of Investor Relations www.al-akaria.com
Slide 44: Thank You
THANK YOU wD @ayjlécll © ALAKARIA