Lumi Rental Company · TADAWUL:4262
Lumi Rental — FY2025 Earnings Presentation
23 slides from Lumi Rental's earnings presentation, 2026
Slide 1: Full Year 2025 Earnings Presentation
Welcome FULL YEAR 2025 EARNINGS PRESENTATION LUMI (TASI:4262)
Slide 2: Disclaimer
Disclaimer All information included in this document is for general use only and has not been independently verified, nor does it consti tut e or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendatio n t o buy o
Slide 3: Introduction
ton Introduction
Slide 4: Full Year 2025 in Brief
Full Year 2025 in Brief High Quality Growth and Improved Visibility Lumi is executing a disciplined, return - focused growth strategy, leveraging scale, pricing discipline and balance - sheet strength to capture structurally growing mobility demand in Saudi Arabia. Financial Performance Operational
Slide 5: Operational Performance
4 “7 b oT OU OPERATIONAL PERFORMANCE
Slide 6: Continued Expansion Across The Kingdom
Continued Expansion Across The Kingdom Growing footprint supporting demand and accessibility throughout Saudi Arabia Airport branch 42 • • 16 Airport Branches 26 City branches Turaif Downtown branch Branches Al Jouf Neom Tabuk Total Rental Revenue Per Region (%) Hail Al Wajh Jubail Al Ula FY 24 FY 2
Slide 7: Disciplined Fleet Growth and Optimized Mix
Disciplined Fleet Growth and Optimized Mix Stable fleet size with targeted purchases and a balanced rental to leasing composition Revenue Growth Driven By Core Total Fleet Size (Vehicles) Purchased Vehicles Operating Segments +7.7% +0 .8% (10.9%) annualized 34,917 2,819 2,722 2,228 2,096 51.5 102.4
Slide 8: Rental Segment Performance
Rental Segment Performance Revenue growth driven by pricing and revenue per vehicle Rental Fleet Size (Vehicles) Rental Revenue (SAR Mn) Rental Vehicle Utilization 84.9% +6.3% +5.2% 11,129 134.6 77.9% 10,951 10,910 76.6% 76.9% 127.6 128.7 75.2% 10,392 126.0 10,265 122.4 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25
Slide 9: Lease Segment Performance
Lease Segment Performance Stable fleet and growing contracted leasing revenue provides enhanced forward revenue visibility over the medium term Lease Fleet Size (Vehicles) Lease Revenue (SAR Mn) Average Lease Revenue Per Available Vehicle (1.5%) +8.2% +7.0% 23,840 23,788 28,928 168.5 169.7 28,615 23
Slide 10: Used Car Sales
Used Car Sales Used Car Sales Support Fleet Lifecycle and Capital Recycling Sold Vehicles Used Car Sales Revenue (SAR Mn) (4.3%) +4.4% 128.4 2,202 2,107 123.0 1,995 1,910 118.6 118.3 1,867 117.1 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Average Revenue And Purchase Price, Per Sold
Slide 11: Financial Performance
we | FINANCIAL PERFORMANCE
Slide 12: Revenue Growth Across The Business
Revenue Growth Across The Business FY25 revenue increased year - on -year, with double digit net profit growth and margin Q4 2025 Q4 2024 YoY% FY 2025 FY 2024 YoY % Net Profit For The Period Change Change Movement YOY (SAR Mn) Revenues 426.7 402.1 +6.1% 1,668.8 1,549.8 +7.7% Cost Of Revenue (326.2)
Slide 13: Balanced Revenue Mix Supports Earnings
Balanced Revenue Mix Supports Earnings Recurring rental and leasing revenues continued to anchor the business, complemented by disciplined used car disposals Total Revenue Per Segment (SAR Mn) Total Revenue Segmental Movement YoY(SAR Mn) Q4 YoY 450.0 +6.1% 440.0 5.4 426.7 430.0 6.3 420.0 12.9 410.0
Slide 14: Expense Growth Reflects Business Scale-up And Fleet Expansion
Expense Growth Reflects Business Scale-up And Fleet Expansion Cost Discipline Maintained Despite Fleet Growth Total Expenses (SAR Mn) Cost Of Revenue Movement YoY(SAR Mn) +12.8% +12.3% 350 340 7 326 330 7 5 10 320 39.6 8 310 300 289 36.6 290 36.3 38.1 36.4 280 270 260 250 Q4 24 Cost Of Depreciation
Slide 15: Capital Structure & Cash
wool e lumi so ™~ f> CAPITAL STRUCTURE & CASH
Slide 16: EBITDA Growth Sustained Amid Disciplined Capital Deployment
EBITDA Growth Sustained Amid Disciplined Capital Deployment FY25 adjusted EBITDA increased year - on -year, while ROIC normalized as the capital base expanded to support growth Adjusted EBITDA Return on Invested Capital (ROIC)* +2.1% 314.2 311.3 309.3 307.5 303.0 (1.6%) +1.5% +1.2% +0.9% Q4 24 Q1 25
Slide 17: Balance Sheet Strength Improved Through Deleveraging And Equity Growth
Balance Sheet Strength Improved Through Deleveraging And Equity Growth Net debt to equity reduced to 1.06x in FY25 as liabilities declined and equity increased 16%, while total assets remained sta ble (SAR Mn) FY 2025 FY 2024 YoY % Change Total Assets Movement YoY (SAR Mn) Total non - current assets
Slide 18: Debt And Leverage Strengthened In FY25
Debt And Leverage Strengthened In FY25 Lower gross and net debt supported reductions in leverage ratios and stronger balance sheet resilience Total Debt (SAR Mn) Net Debt (SAR Mn) (6.1%) (5.7%) 1,752.7 1,805.4 1,695.2 1,715.1 1,637.9 1,605.3 1,609.5 1,580 (5.0%) (11.9%) 1,511.5 (3.3%) (12.1%) 1,490.
Slide 19: Outlook
tors ~~ F__] OUTLOOK
Slide 20: Outlook
Outlook Focus On Quality - led Growth Medium Term Planning Assumptions Growth expected to be driven primarily by revenue per vehicle, pricing discipline, and contracted leasing revenue, rather than Metric Range fleet expansion alone. ~9 –11% fleet growth p.a. Improving Visibility Rental growth ~10–1
Slide 21: In Summary:
In Summary: FY2025 growth driven by Strong cash generation Clear strategy aligned with higher - quality, contracted and disciplined capital long - term structural growth Leasing and Rental revenue allocation strengthened the and visibility balance sheet © 2026 LUMI Presentation. All Rights Reserved.
Slide 22: Thank you.
Thank you. © 2026 LUMI Presentation. All Rights Reserved. © 2026 LUMI Presentation Confidential 22
Slide 23: Q&A
Q&A © 2026 LUMI Presentation. All Rights Reserved. © 2026 LUMI Presentation Confidential 23