Amanat Holdings Pjsc · DFM:AMANAT
Amanat Holdings Pjsc — H1 2026 Earnings Presentation
31 slides from Amanat Holdings Pjsc's earnings presentation, August 2026
Slide 1: Earnings Presentation H1 2026 Financial Results
Invest . Grow . Impact Healthcare & Education growing and defensive sectors Earnings Presentation H1 2026 Financial Results August 2026 Amanat H1 2026 Financial Results 1
Slide 2: Disclaimer
Disclaimer Important Information Upon receipt of this Earnings Presentation, the accompanying Press Release to Investors, or any oral presentation relating thereto (collectively, the “Information”), and confirmation of subscription to the Offer Shares, you irrevocably agree to be bound by the follow
Slide 3: Table of Contents
Table of Contents 01 02 03 Key Highlights pg. 5 Strategic Delivery pg. 8 Cambridge Health Group pg. 13 Update 04 05 06 Education Update pg. 18 Financial Highlights pg. 22 Recap pg. 26 07 Appendices pg. 29 Amanat H1 2026 Financial Results 3
Slide 4: Company Overview | Market-leading Healthcare and Education businesses
Company Overview |Market -leading Healthcare and Education businesses Established market -leading businesses across Healthcare and Education in the UAE and KSA Cambridge Health Group 100%(1) Almasar Alshamil Education 70 %(2) Provider of Special Provider of Post -Acute Care Provider of Higher #1 in
Slide 5: Key Highlights
Key 1 Highlights Amanat H1 2026 Financial Results 5
Slide 6: H1 2026 Highlights | Continued Strong Momentum
H1 2026 Highlights |Continued Strong Momentum Continued strong momentum across Healthcare and Education, reflecting ongoing delivery on Amanat’s value creation strategy Strong financial Total capacity at CHG of Students and Organic growth Record dividend of (1) performance in H126 , 715 beds benefic
Slide 7: H1 2026 Highlights | Double-digit revenue and EBITDA growth
H1 2026 Highlights |Double -digit revenue and EBITDA growth demonstrating resilience, strength of business model and implementation of strategy GROUP REVENUE FROM GROUP EBITDA FROM NET PROFIT FROM CONTINUING OPERATIONS CONTINUING OPERATIONS CONTINUING OPERATIONS AED 582.5 MN AED 226.4 MN AED 153.3 M
Slide 8: Strategic Delivery
Strategic 2 Delivery Amanat H1 2026 Financial Results 8
Slide 9: Strategic Delivery | New long-term growth strategy
Strategic Delivery | New long -term growth strategy for the next phase of value creation Scale Market -Leading Invest for Long -Term Maintain Financial Deliver Sustainable Businesses Growth Discipline Shareholder Returns Scale healthcare and Deploy c. AED 1.5 billion Asses s every investment Three -
Slide 10: Strategic Delivery | Already delivering against strategic plan
Strategic Delivery | Already delivering against strategic plan Completed In-Progress Targeted • H1 Revenue and EBITDA growth of Cambridge Health Group: Cambridge Health Group 24 % and 30 % • 70 -bed Jeddah expansion • introduction of dedicated mental health • 5-year revenue and EBITDA growth of • 49
Slide 11: Strategic Delivery | Deployment plan in progress
Strategic Delivery | Deployment plan in progress, with over AED 0.5 billion spent and committed and a strong pipeline Cash Deployment AED MN 2,000 AED 175m AED 325m In-Progress 1,800 Deployed Committed 1,600 1,500 (135) (40) 1,400 (170) 1,200 (100) (55) (600 ) 1,000 800 600 (400) 400 200 - Deploymen
Slide 12: Why Amanat?
Why Amanat? | Market leading healthcare and education businesses in attractive sectors, with demonstrable growth and sustainable shareholder returns Amanat offers exposure to market -leading healthcare and education businesses with structural growth tailwinds, disciplined capital allocation, and sus
Slide 13: Cambridge Health Group Update
Cambridge 3 Health Group Update Amanat H1 2026 Financial Results 13
Slide 14: Overview | 666 licensed beds across six facilities
Overview |666 licensed beds across six facilities in the UAE and KSA 1 CHG Jeddah 2 CHG Al Khobar 3 CHG Dhahran KSA Licensed (operational) capacity - 200 (200) Licensed (operational) capacity - 101 (101) Licensed (operational) capacity - 70 (70) Utilization - 95%+ Utilization - 70%+ Utilization - 95
Slide 15: Strategy | Development pipeline to deliver over 1,000 beds
Strategy |Development pipeline to deliver over 1,000 beds in the medium -term to help address increasing care demand Cambridge Health Group is progressing from expansion to delivery , with a clear strategy focused on increasing capacity, broadening its service offering and driving scale and profitab
Slide 16: Performance | Expansion initiatives and strong utilization
Performance |Expansion initiatives and strong utilization driving earnings momentum Strategic Update Key Highlights • Licensed bed capacity increased to 715 following post period end licensing in Khobar, reflecting continued expansion 6 Hospitals strategy ▪ Cambridge Health Group delivered a strong
Slide 17: Geographic Performance | Strong performance across UAE and KSA
Geographic Performance |Strong performance across both UAE and KSA Growth driven by increasing patient Capacity expansions supporting volumes growth REVENUE EBITDA REVENUE EBITDA AED MN Margin% AED MN AED MN Margin% AED MN 3.3 3.4 1.9 1.9 14% 2.2x 28% 11% 117 106 36% 53% 118 35% 19% 33 77 15 42 34 3
Slide 18: Education Update
Education 4 Update Amanat H1 2026 Financial Results 18
Slide 19: Overview | 56 SEN facilities, three higher education institutions
Overview |56 SEN facilities , three higher education institutions and corporate training Integrated education leader… …operating across the GCC… …catering to 28.9k students 41 SEN (1) Al Qassim: 2 centers 1 School Abu Dhabi & Al Ain: 4 campuses 6.3k beneficiaries in centers Daycare Centers (2) 1.4k
Slide 20: Strategy | The region's first integrated education business
Strategy |The region’s first integrated education business Driving growth through increased enrollments and facility rollouts across higher education and special education needs Capture further Facilities ramp -up SEN network expansion HE enrollment growth opportunities Continue ramp -up across Expa
Slide 21: Performance | Continued strong growth in students and beneficiaries
Performance |Continued strong growth in students and beneficiaries Strategic Update Key Highlights 3 Universities and 15 ▪ Daycare center network expanded to 41 centers, from 36 in H1 SEN Schools, 41 2025, including two new centers opened during H1 2026 ▪ Delivered strong growth in H1 2026, with rev
Slide 22: Financial Highlights
Financial 5 Highlights Amanat H1 2026 Financial Results 22
Slide 23: H1 2026 Statutory Profit and Loss
H1 2026 Statutory Profit and Loss AED MN 1H25 1H26 % Continuing Operations Revenue 468.4 582.5 24% ▪ Revenue from continuing operations grew Direct Costs (267.3) (314.6) (18)% 24% YoY to AED 582.5 million in H1 2026, driven by continued growth across Cambridge Gross Profit 201.1 267.9 33% Health Gro
Slide 24: H1 2026 Statutory Consolidated Balance Sheet
H1 2026 Statutory Consolidated Balance Sheet |Selected highlights AED MN FY 2025 H1 2026 % Property and Equipment 663.0 675.5 2% ▪ Total assets decreased 5% to AED 4,336.2 Right -of-Use -Assets 210.4 199.9 (5)% million, primarily reflecting the reduction in cash following the record dividend distrib
Slide 25: Cashflow and Net Debt
Cashflow and Net Debt | AED 1.1 billion of cash with additional leverage capacity Summary Movement in Cash AED MN 1,450 12 16 Movement in cash and bank balances was (42) (5) driven by: 12 (175) (24) ▪ Operating cash inflows of AED 11.7 million 14 1,094 (165) ▪ Capex of AED 41.8 million, supporting e
Slide 26: Recap
6 Recap Amanat H1 2026 Financial Results 26
Slide 27: Recap | Clear strategy in place with focus on growth and value creation
Recap | Clear strategy in place with focus on growth and value creation An Attractive Investment Proposition Amanat is well -placed to capitalize on opportunities in the MENA region’s healthcare and education sectors, providing long -term sustainable value for shareholders. 1 2 3 4 5 Attractive Sect
Slide 28: Stay Connected
Abdulrahman Al Suwaidi Investor Relations Director investor.relations@amanat.com investor.relations@amanat.com Amanat investor relations investor.relations@amanat.com Stay Connected amanat.com Amanat H1 2026 Financial Results 28
Slide 29: Appendices
7 Appendices Amanat H1 2026 Financial Results 29
Slide 30: Financial Performance | Detailed Profit and Loss
Financial Performance |Detailed Profit and Loss AED MN 1H25 1H26 Change Middlesex University Dubai 61.9 50.3 (19)% NEMA Holding 24.9 31.7 28% Human Development Company 16.9 13.5 (20)% North London Collegiate School - Real Estate 14.3 0.0 (100)% Head Office Costs (11.0) (10.6) 3% Non -recurring Items
Slide 31: Financial Performance | Detailed Profit and Loss by Quarter
Financial Performance |Detailed Profit and Loss by Quarter AED MN 1Q - 25 2Q - 25 3Q - 25 4Q - 25 FY 25 1Q - 26 2Q - 26 1H-26 Middlesex University Dubai 27.4 34.5 (15.5) 25.8 72.3 23.0 27.2 50.3 NEMA Holding 6.1 18.8 2.9 24.8 52.6 11.1 20.7 31.7 Human Development Company 12.6 4.3 2.0 21.0 40.0 9.4 4