Leejam Sports Co. · TADAWUL:1830
Leejam Sports — Q3 2025 Earnings Presentation
37 slides from Leejam Sports's earnings presentation, Oct 30, 2025
Slide 1: Earnings Presentation Q3 2025
Earnings Presentation Q3 2025 – 30 October 2025
Slide 2: Disclaimer
DISCLAIMER All information included in this document is for general use only and has not been independently verified, nor does it constitute or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendation to buy or su
Slide 3: Executive Summary
Executive Summary
Slide 4: Consistent revenue growth in Q3 2025 with 23 new centers added vs Q3 2024
Consistent revenue growth in Q3 2025 with 23 new center added vs Q3 2024. Q3 439 +9% 170 (1%) 118 (8%) 202 0% 83 (14%) 2025 Revenue Gross Profit Operating Profit EBTIDA Adj. Net Profit 9M 1,183 +9% 434 (2%) 300 (8%) 551 +1% 210 (15%) 2025 Revenue Gross Profit Operating Profit EBTIDA Adj. Net Profit
Slide 5: Robust Membership and Activity Growth Driven by New Openings
Robust Membership and Activity Growth Driven by New Openings 234 +23 148 +11 66 +11 170 +19 44 +3 20 +1 Total Centers, Male Centers Female Centers Big Box Centers Xpress Centers Studios & Studios and Academies Academies 532K +5% 11M +9% 281K -1% 114K +22% 794K +2% 16 End of Period Total Visits Condu
Slide 6: Comprehensive Coverage Across the Fitness Market, with Dedicated Solutions for Every Segment
Comprehensive Coverage Across the Fitness Market, with Dedicated Solutions for Every Market Segment Concept Studios & Premium Tier Middle Tier Low Cost, High Value Academies 4 Centers 166 Centers 44 Centers 20 Centers 4 Male Centers 105 Male Centers 39 Male Centers 12 Male Centers 0 Ladies' Centers
Slide 7: Network Expansion & Members Trend
Network Expansion & Members Trend
Slide 8: Center Movements: YoY and YTD
Center Movements: YoY and YTD 234 211 +23 Centers Openings 11 8 Fitness Time 3 Centers +22 Centers - 1 214 192 BigBox Male BigBox Female Xpress Male Xpress Female Concept Studio and academies Concept Closure Studios +1 new Centers 0 0 0 0 0 0 19 20 Sep-24 Sep-25 BigBox Male BigBox Female Xpress Male
Slide 9: Memberships continue its growth fueled by center opening
Memberships continue its growth fueled by center opening… Total QE Members Period Average Members Total QE Members / Segment QE Members / Center In Thousand In Thousand In Thousand In Thousand 532 Female 509 521 Female 121 473 116 Female +5% -13% Female 2.1 +14.8% 1.8 Male Male +5% +10% 393 411 Male
Slide 10: Subscription mix continues to be repositioned
Subscription mix continue to be repositioned, with short-term plans regain momentum and support sustainable growth Sold Subscriptions Sold Subscriptions % of Total % of Total Sold Units 8M-2024 8M-2025 Sold Units Q3-2024 Q3-2025 43% 60% 39% 56% 32% 22% 17% 17% 14% 12% 12% 12% 14% 14% 9% 10% 5% 4% 4%
Slide 11: Sales Status
PMVA of YTD Sales Sales Status 000 Subs. Sale Increase Decrease Total 7% 4% 114% 100% 3% Movement between Brands 000 Units 21.7 YTD-Sales (LY) Price Impact Mix Impact Volume Impact YTD-Sales (CY) 80.0 30.0 20.7 70.0 12.5 20.0 7.8 6.6 PMVA of QoQ Sales 60.0 5.3 10.0 50.0 0.1 1.1 37.0 000 Subs. Sale 3
Slide 12: Financial Review
LecANM Financial Review
Slide 13: Financial Performance – Q3 2025 (Consolidated)
Financial Performance – Q3 2025 (Consolidated) REVENUE GROSS PROFIT In Millions SAR In Millions SAR Gross Profit Margins 438.7 401.3 80% 75% 172 170 70% 65% +9% 60% 55% (1%) 43% 50% 39% 45% 40% 35% - 30% Q3-2024 Q3-2025 Q3-2024 Q3-2025 EBITDA ADJ. NET PROFIT In Millions SAR EBITDA Margins In Million
Slide 14: Financial Performance – 9M 2025 (Consolidated)
Financial Performance – 9M 2025 (Consolidated) REVENUE GROSS PROFIT In Millions SAR In Millions SAR Gross Profit Margins 500 444 434 50% 1,183 1,081 450 48% 400 46% 350 41% 44% 300 42% +9% 37% 250 40% 200 -2% 38% 150 36% 100 34% 50 32% - 30% 9M-2024 9M-2025 9M-2024 9M-2025 EBITDA ADJ. NET PROFIT In
Slide 15: Financial performance by maturity – 9M 2025
Financial performance by maturity– 9M 2025 REVENUE PER CENTER EBITDA MARGIN 9M 2024 9M 2025 9M-24 9M-25 In Millions SAR 6.5 7.0 6.4 6.0 52% 5.0 49% 41% 42% 4.0 3.0 3.0 2.1 2.0 1.0 - LFL Non-LFL LFL Non-LFL • Due to LY deferred revenue impact, LFL saw slight • Non-LFL revenue grow significantly showi
Slide 16: Fitness Time Performance per Center by Quarter
Fitness Time Performance per Center by Quarter REVENUE vs REVENUE PER CENTER In Millions SAR 3 750 Revenue Revenue Per Center 2.4 2.5 2.1 2.2 2.1 2.2 2.2 2.0 2.1 2.1 1.9 1.9 2.0 1.9 1.9 1.9 550 1.8 1.8 1.8 1.8 1.7 1.8 1.7 1.8 1.8 2 1.6 1.7 1.6 1.6 1.5 1.1 350 1 0.2 435 347 392 397 412 365 369 337 27
Slide 17: Strong financial position, solid returns, and low leverage level
Strong financial position, solid returns, and low leverage level CR & DEBT RATIOS ROE, ROIC, ROCE Current Ratio = Total CA / (TCL-Deferred Revenue) ROE = TTM Net Profit (after one off profit) /Total Equity D/E Ratio = (Total Liability – Deferred Revenue) / Total Equity ROIC = TTM NOPAT / Invested Ca
Slide 18: Strong cash generation, with cash net addition of SAR 165
Strong cash generation, with cash net addition of SAR 165, a growth of 52% YoY. All Amounts in million (SAR) Free Cash Flow 9M 2025 383 661 117 (278) (10) (72) (148) 274 108 (98) (7) Operating CF, Net Other Investment Net. Lease Payments Finance cost paid Cash at End Cash as of Beginning CapEx Net L
Slide 19: Q3 2025 COR, G&A and S&M
Q3 2025 COR, G&A and S&M COR G&A S&M In Millions SAR In Millions SAR In Millions SAR COR COR / Center 50 G&A G&A / Center (000) 350 S&M S&M / Center (000) 10 50 9 269 330 9 45 +17% 310 229 44 8 43 40 290 7 +141% +7% 6 35 40 270 40 5 30 250 4 4 25 230 3 20 220 210 21 1.3 2 1.3 207 190 15 1 30 170 0 1
Slide 20: 9M 2025 COR, G&A and S&M
9M 2025 COR, G&A and S&M COR G&A S&M In Millions SAR In Millions SAR In Millions SAR COR COR / Center G&A G&A / Center 30 S&M S&M / Center (000) 120 1.00 113 0.19 749 0.90 110 99 0.17 637.5 +18% +14% 0.80 100 20 0.70 20 0.15 90 3.6 16 +28% 3.5 0.60 0.13 80 0.54 0.50 70 0.54 0.11 0.40 10 60 0.30 0.10
Slide 21: Strong financial position to fund future expansion
Strong financial position to fund future expansion Cash In Millions& CE* SAR Loans Deferred Revenue In Millions SAR In Millions SAR In Millions SAR Deferred Revenue 448 385 Deferred Revenue / Center Deferred Revenue / QE Members (000) 8.0 357 620 7.0 563 272 6.0 +26% 5.0 +10% 4.0 2.9 2.9 3.0 (29%) 1
Slide 22: Lease Expiry Profile (Next 5 Years)
Lease Expiry Profile (Next 5 Years) Lease Expiry – By End Year 51 Contract 13 12 9 9 8 2026 2027 2028 2029 2030 Confidential and Proprietary Information 22
Slide 23: Outlook
LEEUAM Outlook
Slide 24: Guidance
Guidance Deferred Revenue Pipeline In Millions SAR 2025 growth will be driven by: 2024 2025 319 335 • Price driven growth in LFL centers. • Volume driven growth in Non-LFL Centers • Improving customer experience, member retention & services 132 126 • Further new centers openings 81 59 58 • Continuin
Slide 25: Thank You! Q&A
Thank You! Q&A For enquires, please contact the Investor Relations Department at: investor.relations@leejam.com.sa
Slide 26: Appendix
Appendix
Slide 27: Audited Financial Statements (Statement of P&L and OCI)
Audited Financial Statements (Statement of P&L and OCI) Q3 2025 Q3 2024 Q3 2025 Q3 2024 Revenue 438,726,068 401,256,391 Net profit for the period 81,297,540 186,796,940 Cost of revenue -269,065,437 -229,137,715 ───────── Other comprehensive income GROSS PROFIT 169,660,631 172,118,676 Item that will
Slide 28: Audited Financial Statements (Statement of financial position)
Audited Financial Statements (Statement of financial position) 30-Sep-25 31-Dec-24 30-Sep-25 31-Dec-24 NON-CURRENT LIABILITIES ASSETS Borrowings 346,376,391 225,957,411 NON-CURRENT ASSETS Lease liabilities 1,365,458,311 1,275,789,904 Property and equipment 2,249,198,985 2,057,689,844 Employees' end
Slide 29: Audited Financial Statements (Statement of cash flows)
Audited Financial Statements (Statement of cash flows) 9M 2025 9M 2024 9M 2025 9M 2024 OPERATING ACTIVITIES Profit before zakat and income tax 226,517,844 361,616,381 FINANCING ACTIVITIES Profit from discontinued operations (248,116) 1,959,119 Proceeds from borrowings 1,024,128,586 276,374,574 Adjus
Slide 30: Segmental Performance
LEEUAM Segmental Performance
Slide 31: Segment Performance – Q3 2025
Segment Performance – Q3 2025 By Source By Sector In Millions SAR In Millions SAR Q3 2024 Q3 2025 +9% 371 Q3-2024 Q3-2025 340 +9% 435 397 +9% 52 57 +42% +3% 5 7 3 3 8 4 Sub & Member PT Rental Other Fitness Time Other Confidential and Proprietary Information 31
Slide 32: Segment Performance – 9M 2025
Segment Performance – 9M 2025 By Source By Sector In Millions SAR In Millions SAR +9% 9M-24 9M-25 9M-24 9M-25 996 913 +9% 1,169 1,071 +9% 143 156 17% +31% 14 19 10 12 22 14 Sub & Member PT Rental Other Fitness Time Other Confidential and Proprietary Information 32
Slide 33: Both male and female segments delivered revenue growth; male led gross profit expansion
Both male and female segments delivered revenue growth; male segment led gross profit expansion, while margins for both declined amid record 2025 openings REVENUE GROSS PROFIT GP Margin In Millions SAR In Millions SAR In Millions SAR Male Female Male Female Male Female Female Female 39 (16%) 33 Fema
Slide 34: Strong Topline Growth Across Segments; Margins Reflect Expansion Cycle and Mix Shift
Strong Topline Growth Across Segments; Margins Reflect Expansion Cycle and Mix Shift REVENUE GROSS PROFIT GP Margin In Millions SAR In Millions SAR In Millions SAR Male Female Male Female Male Female Female Female Female 99 91 (9%) Female Female 304 275 +10% 36% Female (6%) 30% Male Male Male 344.27
Slide 35: Performance per Center
LEEUAM Performance per Center
Slide 36: Decline in per center KPIs as new centers still in the ramp-up phase
Decline in per center KPIs as new centers still in the ramp-up phase. REVENUE PER CENTER GROSS PROFIT PER CENTER GP Margin In Millions SAR In Millions SAR Female Female Female Female 2.00 36% 1.77 0.71 Female (11%) Female (26%) 30% 0.53 (6%) Male (1%) Male Male Male Male (8%) Male 2.27 2.24 1.03 0.9
Slide 37: Decline in per center KPIs as new centers still in the ramp-up phase
Decline in per center KPIs as new centers still in the ramp-up phase. REVENUE PER CENTER GROSS PROFIT PER CENTER GP Margin In Millions SAR In Millions SAR Female 1.92 Female Female (9%) Female 36% Female Female (22%) 1.51 5.4 31% 4.9 (4%) (2%) Male Male Male (7%) Male Male Male 2.59 2.42 42% 40% 6.1
Leejam Sports Company — Q3 2025 Earnings Presentation on 6ix