Seera Holding Group · TADAWUL:1810
Seera — Q1 2026 Earnings Presentation
36 slides from Seera's earnings presentation, May 14, 2026
Slide 1: Earnings Presentation Q1 2026
Earnings Presentation Q1 2026 Seera Earnings Presentation | 14/05/2026
Slide 2: Q1 2026 in Review
Q1 2026 in Review Seera Earnings Presentation | 14/05/2026 2
Slide 3: Scale effects and efficiency gains drove EBITDA and net profit growth
Scale effects and efficiency gains drove EBITDA and net profit growth Net Booking Value 1Q 2026 NBV composition (%) Revenue 1Q 2026 Key Q1 2026 Highlights 3,841 1,089 Hospitality 1.3% Other 1.0% Car Rental • 8% NBV growth, driven by strong 9.5% performance in Almosafer and ¥ Mn Travel ¥ Mn Portman.
Slide 4: Robust bookings translate into earnings growth despite softer take rates
Robust bookings translate into earnings growth despite softer take rates Net Booking Value (¥ Mn) 1Q 2026 Revenue (¥ Mn) 1Q 2026 +8% -1% 3,841 1,104 1,089 3,551 1Q 25 1Q 26 1Q 25 1Q 26 Adj. EBITDA (¥ Mn) * 1Q 2026 Adjusted net profit (¥ Mn) * 1Q 2026 +7% +70% 234 252 42 25 1Q 25 1Q 26 1Q 25 1Q 26 *
Slide 5: Strong liquidity and modest leverage reinforce financial resilience
Strong liquidity and modest leverage reinforce financial resilience Net Debt / Equity (x) 1Q 2026 Free cash flow (¥ Mn) 1Q 2026 0.19 0.18 0.17 0.16 0.15 (127) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 (236) 1Q 25 1Q 26 Borrowings composition by maturity (%) Cash & Cash Equivalents Movement (¥ Mn) 1Q 2026 51.0%
Slide 6: Segment Overview
Segment Overview Seera Earnings Presentation | 14/05/2026 6
Slide 7: Almosafer Travel Platform
Almosafer Travel Platform Seera Earnings Presentation | 14/05/2026 7
Slide 8: Q1 2026 shows continued NBV and adj. EBITDA growth
Q1 2026 shows continued NBV and adj. EBITDA growth Total Net Booking Value (¥ Mn) 1Q 2026 Total Revenue (¥ Mn) 1Q 2026 Adjusted EBITDA* (¥ Mn) 1Q 2026 +9% +26% -8% 2,596 368 2,402 45 2,237 1,886 1,726 224 225 206 190 26 21 18 14 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 2Q 25
Slide 9: Almosafer Travel Platform: business scaling with disciplined costs
Almosafer Travel Platform: business scaling with disciplined costs Revenue (¥ Mn) 1Q 2026 Gross Profit (¥ Mn) 1Q 2026 -8% -6% 206 157 148 190 Almosafer is Saudi Arabia’s Leading Travel Company characterized by an asset-light and scalable business model that serves tourism flows across the Saudi trav
Slide 10: Almosafer Travel Platform: NBV growth across all segments
Almosafer Travel Platform: NBV growth across all segments Consumer Travel (¥ Mn) 1Q 2026 Business Travel (¥ Mn) 1Q 2026 +4% +5% 1,391 1,443 158 165 1Q 25 1Q 26 1Q 25 1Q 26 Hajj & Umrah (¥ Mn) 1Q 2026 Destination Mgmt & Special Projects (¥ Mn) 1Q 2026 +169% +15% 129 149 129 48 1Q 25 1Q 26 1Q 25 1Q 26
Slide 11: Almosafer Travel Platform: revenue impacted by change in business mix alongside regional conflict
Almosafer Travel Platform: revenue impacted by change in business mix alongside regional conflict Consumer Travel (¥ Mn) 1Q 2026 Business Travel (¥ Mn) 1Q 2026 9.5% 8.6% 14.2% 13.6% -6% +0% 132 124 22 22 1Q 25 1Q 26 1Q 25 1Q 26 Take rate, % of NBV Take rate, % of NBV Hajj & Umrah (¥ Mn) 1Q 2026 Dest
Slide 12: Almosafer Travel Platform: booking growth across flights and room nights
Almosafer Travel Platform: booking growth across flights and room nights Total Flight Segments (Th) 1Q 2026 Total Room Nights (Th) 1Q 2026 2,021 +10% +21% 676 617 1,667 73% 89% 81% 89% 8% 2% 6% 6% 3% 1% 3% 5% 13% 7% 7% 8% 1Q 25 1Q 26 1Q 25 1Q 26 Consumer Travel Business Travel Consumer Travel Busine
Slide 13: Almosafer Travel Platform: strong operational performance across business lines
Almosafer Travel Platform: strong operational performance across business lines Destination Mgt. & Consumer Travel Business Travel Hajj & Umrah Special Projects 1.8mn Flight segment +21% vs Q1 2025 31k Flight segment -29% vs Q1 2025 62k Flight segment +208% vs Q1 2025 140k Flight segment +13% vs Q1
Slide 14: Almosafer Travel Platform: prioritizing AI innovation
Almosafer Travel Platform: prioritizing AI innovation AI Proof of Concepts (POCs) Live Solutions 100+ 50+ Under review and Operational and tracked in development business AI Priorities Co-Authored Code AI-Generated Content • • Enhance customer experience Improve efficiency & productivity 61.4% 85% •
Slide 15: Examples of AI Initiatives
Examples of AI Initiatives Example 1: ChatGPT App Launched a ChatGPT app adding AI-powered conversational travel planning. Seera Earnings Presentation | 14/05/2026 15
Slide 16: Examples of AI Initiatives
Examples of AI Initiatives Example 2: Conversational Search Establish natural language AI Filters for a seamless "Search-to-Book" journey. Seera Earnings Presentation | 14/05/2026 16
Slide 17: Lumi Car Rental
Lumi Car Rental Seera Earnings Presentation | 14/05/2026 17
Slide 18: Car Rental: gross margin gains mitigated opex pressures
Car Rental: gross margin gains mitigated opex pressures Revenue (¥ Mn) 1Q 2026 Gross profit (¥ Mn) 1Q 2026 -11% -5% 412 121 114 366 1Q 25 1Q 26 1Q 25 1Q 26 • Lumi Rental Company is a leading car Operating expenses (¥ Mn) 1Q 2026 EBITDA (¥ Mn) 1Q 2026 rental and lease provider in the Kingdom -6% of S
Slide 19: Car Rental: fleet stabilizes following expansion phase
Car Rental: fleet stabilizes following expansion phase Revenue (¥ Mn) 1Q 2026 Fleet size (th vehicles) 1Q 2026 -11% -3% 412 35 34 366 167 176 24 23 126 113 119 11 11 77 • The Kingdom's top vehicle rental and leasing business 1Q 25 1Q 26 1Q 25 1Q 26 Used Car Sales Rental Lease Rental Lease Cash flow,
Slide 20: Portman Travel Group
Portman Travel Group Seera Earnings Presentation | 14/05/2026 20
Slide 21: Portman Travel Group: growth and integration synergies drive gains
Portman Travel Group: growth and integration synergies drive gains Revenue (¥ Mn) 1Q 2026 Gross profit (¥ Mn) 1Q 2026 +13% 11.3% 11.3% 479 424 +12% 169 151 • Portman Travel Group encompasses some of the most well-established travel brands in UK and Europe travel sector, including Clarity, Elegant Re
Slide 22: Portman Travel Group: Sports Travel leads NBV expansion
Portman Travel Group: Sports Travel leads NBV expansion Net booking value (¥ Mn) 1Q 2026 Business Travel (¥ Mn) 1Q 2026 +8% Sports Travel 318 1,007 Business +33% 932 vs Q1 2025 Luxury Leisure Travel 1,500 Travel 1,007 +12% 175 vs Q1 2025 +7% +8% vs Q1 2025 vs Q1 2025 1Q 25 1Q 26 Luxury Leisure Trave
Slide 23: Portman Travel Group: Segments showing operating gains
Portman Travel Group: Segments showing operating gains 1.0mn Number of business trips managed -14% vs 1Q 2025 ¥ 100k Average Order Value +10% vs 1Q 2025 25.1K Number of travelers +35% vs 1Q 2025 90% % online booking rate +4 pp vs 1Q 2025 1.8k Number of trips +1% vs 1Q 2025 822 Number of Events Deliv
Slide 24: Hospitality
Hospitality Seera Earnings Presentation | 14/05/2026 24
Slide 25: Hospitality: regional tensions impacted hotel bookings
Hospitality: regional tensions impacted hotel bookings Revenue (¥ Mn) 1Q 2026 Gross profit (¥ Mn) 1Q 2026 -15% -17% 61 37 51 31 1Q 25 1Q 26 1Q 25 1Q 26 • Seven hotels, including Sheraton Jabal Al Kaaba (Makkah), three unbranded Makkah Operating expenses (¥ Mn) 1Q 2026 EBITDA (¥ Mn) 1Q 2026 propertie
Slide 26: Hospitality: softer demand weighed on business performance metrics
Hospitality: softer demand weighed on business performance metrics Q1 2026 Room Nights 58.9k -16% Sold vs Q1 2025 Operational 2,055 -10% Room Keys vs Q1 2025 Revenue Per ¥ 450 +3% Available Room vs Q1 2025 Occupancy 79% +1 ppts vs Q1 2025 Average ¥ 567 +2% Daily Rate vs Q1 2025 Seera Earnings Presen
Slide 27: Q&A
Q&A Seera Earnings Presentation | 14/05/2026 27
Slide 28: Appendix
Appendix Seera Earnings Presentation | 14/05/2026 28
Slide 29: P&L performance reflects efficiency gains in key business segments
P&L performance reflects efficiency gains in key business segments ¥ Mn Q1 2026 Q1 2025 YoY % Change FY 2025 FY 2024 YoY % Change Net booking value 3,841 3,551 +8% 16,763 14,667 +14% Revenue 1,089 1,104 -1% 4,716 4,091 +15% Cost of revenue (626) (632) -1% (2,906) (2,339) +24% Gross profit 462 472 -2
Slide 30: Strong balance sheet and prudent borrowing policy ensure robust financial position
Strong balance sheet and prudent borrowing policy ensure robust financial position ¥ Mn Q1 2026 4Q 2025 QoQ % Change Property, plant & equipment 4,930 5,053 -2% Assets under construction and development 52 56 -8% Investments 429 1,008 -57% Trade & other receivables 1,753 1,673 +5% Other 3,814 3,393
Slide 31: Seasonally weak OCF in first quarter was mitigated by investments and asset disposal proceeds
Seasonally weak OCF in first quarter was mitigated by investments and asset disposal proceeds ¥ Mn Q1 2026 Q1 2025 YoY % Change Profit for the period 54 53 +2% Depreciation 134 133 +0% Net book value of vehicles disposed 76 116 -35% Net finance cost 27 34 -21% Other 17 35 -51% Operating CF before wo
Slide 32: Business Segments
Business Segments Seera Earnings Presentation | 14/05/2026 32
Slide 33: Portman and Almosafer support NBV with flat revenue pressured by lower take rates
Portman and Almosafer support NBV with flat revenue pressured by lower take rates Net Booking Value Movement YoY (¥ Mn) 1Q 2026 Revenue Movement YoY (¥ Mn) 1Q 2026 +8% -1% 3,551 160 166 18 3,841 1,104 55 1,089 (45) (9) (15) (45) (9) (1) +9% +12% -11% -15% +99% -8% +13% -11% -15% n/m Net Booking Valu
Slide 34: Portman integration gains drive group margin improvement
Portman integration gains drive group margin improvement Gross Profit Movement YoY (¥ Mn) 1Q 2026 EBITDA Movement YoY (¥ Mn) 1Q 2026 -2% +2% 472 19 462 247 22 5 6 252 (9) (7) (6) (7) (16) (11) +12% -6% -5% -17% n/m +172% -47% -6% +21% -41% Gross Profit - Total Contribution (¥ Mn) 1Q 2026 EBITDA - To
Slide 35: Seera Investor Relations
Seera Investor Relations investors@seera.sa Seera Earnings Presentation | 14/05/2026
Slide 36: 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