Seera Holding Group · TADAWUL:1810
Seera — 9M 2025 Earnings Presentation
34 slides from Seera's earnings presentation, Nov 17, 2025
Slide 1: Earnings Presentation 9M 2025
Earnings Presentation 9M 2025 Seera Earnings Presentation | 17/11/2025
Slide 2: 9M 2025 in Review
9M 2025 in Review Seera Earnings Presentation | 17/11/2025 2
Slide 3: Strong revenue generation supported adj. EBITDA and net profit
Strong revenue generation supported adj. EBITDA and net profit NBV composition (%) Key 9M 2025 Net Booking Value 9M 2025 Revenue 9M 2025 12,659 3,714 Hospitality 1.1% Other 0.2% Highlights Car Rental 9.8% • 14% NBV growth driven by strong ¥ Mn Travel ¥ Mn performance in Almosafer and UK Travel Platf
Slide 4: Robust bookings momentum ensured revenue and earnings growth
Robust bookings momentum ensured revenue and earnings growth Net Booking Value (¥ Mn) 9M 2025 Revenue (¥ Mn) 9M 2025 +14% +20% +29% 11,060 12,659 3,714 3,101 +41% 3,728 4,804 995 1,402 3Q 24 3Q 25 9M 24 9M 25 3Q 24 3Q 25 9M 24 9M 25 Adj. EBITDA (¥ Mn) 9M 2025 Adj. Net Profit (¥ Mn) 9M 2025 +7% +6% 7
Slide 5: Strong liquidity and disciplined leverage reinforce financial resilience
Strong liquidity and disciplined leverage reinforce financial resilience Net Debt / Equity (x) 3Q 2025 Free cash flow (¥ Mn) 9M 2025 0.18 248 0.17 0.15 (109) (30) 0.15 0.14 (35) 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 3Q 24 3Q 25 9M 24 9M 25 Borrowings composition by maturity (%) Cash & Cash Equivalents Movem
Slide 6: Segment Overview
Segment Overview Seera Earnings Presentation | 17/11/2025 6
Slide 7: Almosafer Travel Platform
Almosafer Travel Platform Seera Earnings Presentation | 17/11/2025 7
Slide 8: Q3 2025 shows continued NBV, revenue and adj. EBITDA growth
Q3 2025 shows continued NBV, revenue and adj. EBITDA growth Total Net Booking Value (¥ Mn) 3Q 2025 Total Revenue (¥ Mn) 3Q 2025 Adjusted EBITDA* (¥ Mn) 3Q 2025 +6% +27% 368 45 +30% 2,596 2,402 1,993 1,841 1,726 224 26 211 210 206 20 18 13 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 3
Slide 9: Almosafer Travel Platform: business scaling fuels rapid EBITDA growth
Almosafer Travel Platform: business scaling fuels rapid EBITDA growth Revenue (¥ Mn) 9M 2025 Gross Profit (¥ Mn) 9M 2025 +8% +10% +6% 797 +6% 529 738 479 166 176 211 224 Almosafer is Saudi Arabia’s Leading Travel Company characterized by an asset-light and scalable business model that serves tourism
Slide 10: Almosafer Travel Platform: delivering NBV growth across most segments
Almosafer Travel Platform: delivering NBV growth across most segments NBV composition (%) 9M 2025 Consumer Travel (¥ Mn) 9M 2025 Business Travel (¥ Mn) 9M 2025 Hajj & Umrah 3.5% +19% Destination Mgmt Distribution 4.5% +38% +32% 5,499 570 1.8% +43% 4,620 Business 2,261 413 199 Travel 8.5% 1,707 Consu
Slide 11: Almosafer Travel Platform: growth driven by Consumer and Business Travel
Almosafer Travel Platform: growth driven by Consumer and Business Travel Revenue composition (%) 9M 2025 Consumer Travel (¥ Mn) 9M 2025 Business Travel (¥ Mn) 9M 2025 Hajj & Umrah Distribution 0.9% 8.9% 7.9% 9.3% 8.7% 14.5% 13.0% 14.8% 13.5% 19.6% +12% +27% 479 +28% 77 Consumer +17% 428 61 Destinati
Slide 12: Almosafer Travel Platform: growth across most performance metrics
Almosafer Travel Platform: growth across most performance metrics Destination Consumer Travel Business Travel Hajj & Umrah Distribution Management Flight Segments (Mn) Flight Segments (Th) Top Inbound Umrah Source Top Inbound Source Markets Flight Segments (Th) Markets +31% -16% +12% 0.6 0.8 8.0 10.
Slide 13: Almosafer Travel Platform: prioritizing AI innovation to address key priorities
Almosafer Travel Platform: prioritizing AI innovation to address key priorities Not Exhaustive Example 1: AI Search Customer AI Priorities Understand user intent, provide personalized recommendations, and experience seamlessly guide customers to the most relevant bookable options • Enhance customer
Slide 14: Lumi Car Rental
Lumi Car Rental Seera Earnings Presentation | 17/11/2025 14
Slide 15: Car Rental: opex savings supported EBITDA growth
Car Rental: opex savings supported EBITDA growth Revenue (¥ Mn) 9M 2025 Gross profit (¥ Mn) 9M 2025 +8% +11% +3% 1,242 -2% 359 1,148 325 403 414 113 116 3Q 24 3Q 25 9M 24 9M 25 3Q 24 3Q 25 9M 24 9M 25 • Lumi Rental Company is a leading car Operating expenses (¥ Mn) 9M 2025 EBITDA (¥ Mn) 9M 2025 rent
Slide 16: Car Rental: fleet expansion to meet a growing demand for mobility
Car Rental: fleet expansion to meet a growing demand for mobility Revenue (¥ Mn) 9M 2025 Fleet size (th vehicles) 9M 2025 +3% +11% +1% 1,242 33 34 34 34 1,148 +1% +15% 405 500 23 24 24 23 403 414 348 388 145 169 120 127 394 354 11 10 10 11 139 118 • The Kingdom's top vehicle rental and 3Q 24 3Q 25 9
Slide 17: Portman Travel Group
Portman Travel Group Seera Earnings Presentation | 17/11/2025 17
Slide 18: Portman Travel Group: growth & integration synergies drive improvements
Portman Travel Group: growth & integration synergies drive improvements Gross profit (¥ Mn) 9M 2025 Revenue (¥ Mn) 9M 2025 11.2% 8.9% 11.0% 10.2% +8% +55% 1,587 463 428 +114% 1,026 +9% 737 • Portman Travel Group encompasses some 144 157 345 of the most well-established travel brands in UK and Europe
Slide 19: Portman Travel Group: Sports and Luxury Leisure fuel NBV growth
Portman Travel Group: Sports and Luxury Leisure fuel NBV growth Net booking value (¥ Mn) 9M 2025 Business Travel (¥ Mn) 9M 2025 +84% vs 9M 2024 +1% Sports Travel 1,228 Business +4% 2,904 2,926 4,521 Travel 946 989 2,926 +17% vs 9M 2024 Luxury Leisure Travel 366 +21% +1% 3Q 24 3Q 25 9M 24 9M 25 vs 9M
Slide 20: Portman Travel Group: international sports events drive revenue
Portman Travel Group: international sports events drive revenue Revenue (¥ Mn) 9M 2025 Business Travel (¥ Mn) 9M 2025 +21% -2% Business Travel 290 vs 9M 2024 290 -2% vs 9M 2024 297 -7% Luxury Leisure Travel Sports 1,587 373 109 101 +55% Travel vs 9M 2024 924 +120% vs 9M 2024 3Q 24 3Q 25 9M 24 9M 25
Slide 21: Portman Travel Group: gains across business performance metrics
Portman Travel Group: gains across business performance metrics 3.5mn Number +8% of business trips managed vs 9M 2024 ¥ 87.5k Average Order Value +4% vs 9M 2024 67.3K Number of travelers +57% vs 9M 2024 6th largest TMC in UK Flat from 9M 2024 4.2k Number of trips +14% vs 9M 2024 88% % online booking
Slide 22: Hospitality
Hospitality Seera Earnings Presentation | 17/11/2025 22
Slide 23: Hospitality: results affected by Movenpick sale in Q1 and Hajj in Q2 25
Hospitality: results affected by Movenpick sale in Q1 25 and Hajj in Q2 25 Revenue (¥ Mn) 9M 2025 Gross profit (¥ Mn) 9M 2025 -6% +5% -7% 152 80 142 +7% 77 38 35 16 17 3Q 24 3Q 25 9M 24 9M 25 3Q 24 3Q 25 9M 24 9M 25 Operating expenses (¥ Mn) 9M 2025 EBITDA (¥ Mn) 9M 2025 • Seven hotels, including Sh
Slide 24: Hospitality: softer demand weighed on business performance metrics
Hospitality: softer demand weighed on business performance metrics 9M 2025 Room Nights 53.3k -8% Sold vs Q3 2024 Operational 2,055 -10% Room Keys vs Q3 2024 Revenue Per ¥ 238 +12% Available Room vs Q3 2024 Occupancy 70% +10 ppts vs Q3 2024 Average ¥ 339 -4% Daily Rate vs Q3 2024 Seera Earnings Prese
Slide 25: Q&A
Q&A Seera Earnings Presentation | 17/11/2025 25
Slide 26: Appendix
Appendix Seera Earnings Presentation | 17/11/2025 26
Slide 27: P&L performance benefited from increased travel demand and efficiency improvements
P&L performance benefited from increased travel demand and efficiency improvements in key business segments ¥ Mn 9M 2025 9M 2024 YoY % Change 3Q 2025 3Q 2024 YoY % Change Net booking value 12,659 11,060 +14% 4,804 3,728 +29% Revenue 3,714 3,101 +20% 1,402 995 +41% Cost of revenue (2,334) (1,765) +32
Slide 28: Strong balance sheet and prudent borrowing policy ensure robust financial position
Strong balance sheet and prudent borrowing policy ensure robust financial position ¥ Mn 3Q 2025 2Q 2025 QoQ % Change Property, plant & equipment 5,025 5,036 -0% Assets under construction and development 520 518 +1% Investments 425 427 -0% Trade & other receivables 1,805 1,821 -1% Other 3,461 3,779 -
Slide 29: Resilient cash generation and continued asset disposals result in a strong cash position
Resilient cash generation and continued asset disposals result in a strong cash position ¥ Mn 9M 2025 9M 2024 YoY % Change Profit for the period 122 174 -30% Depreciation 397 347 +14% Net book value of vehicles disposed 350 364 -4% Net finance cost 105 125 -16% Other 86 50 +73% Operating CF before w
Slide 30: Business Segments
Business Segments Seera Earnings Presentation | 17/11/2025 30
Slide 31: NBV and revenue growth driven by Almosafer and Portman businesses
NBV and revenue growth driven by Almosafer and Portman businesses Net Booking Value Movement YoY (¥ Mn) 9M 2025 Revenue Movement YoY (¥ Mn) 9M 2025 +14% +20% 11,060 1,052 647 94 12,659 3,101 59 561 94 3,714 (9) (185) (9) (92) +19% +17% +8% -6% -86% +8% +55% +8% -6% NM Net Booking Value - Total Contr
Slide 32: Almosafer and Lumi supported gross profit and EBITDA expansion
Almosafer and Lumi supported gross profit and EBITDA expansion Gross Profit Movement YoY (¥ Mn) 9M 2025 EBITDA Movement YoY (¥ Mn) 9M 2025 +3% -1% 1,336 35 49 34 3 1,380 713 51 64 2 703 (78) (0) (127) +8% +10% +11% +5% NM -0% +93% +12% +4% +1,613% EBITDA - Total Contribution (¥ Mn) 9M 2025 Gross Pro
Slide 33: Seera Investor Relations
Seera Investor Relations investors@seera.sa Seera Earnings Presentation | 17/11/2025
Slide 34: 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