Tanmiah Food Company · TADAWUL:2281
Tanmiah Food — H1 2026 Earnings Presentation
21 slides from Tanmiah Food's earnings presentation
Slide 1: Earnings Presentation H1 & Q2 2026
Earnings Presentation H1 & Q2 2026 A vision to become the number one global halal sustainable healthy protein company by 2030
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared solely for use as an investor presentation for Tanmiah Food Company (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for background purpo
Slide 3: Table of Contents
Table of Contents 1 Key Messages & Highlights 2 Financial Overview 3 ESG 4 Key Takeaways 3
Slide 4: Key Messages & Highlights
01 Key Messages & Highlights 4
Slide 5: H1 2026 Progress on FY 2026 Strategic Priorities
H1 2026 Progress on FY 2026 Strategic Priorities Enabling long-term value creation through a stronger core, disciplined execution, and scaled capabilities Customer-Focused Strengthen Core & Operational Excellence Digital Enablement 1 Commercial Excellence 2 Optimize the Asset Base 3 & Cost Optimizat
Slide 6: Where We Operate
Where We Operate Tanmiah’s fully integrated and highly efficient business model includes production, further processing, distribution and restaurant operation, with customers in Saudi Arabia, the UAE, Bahrain, Oman, Kuwait, with early traction in select Asian markets Agribusiness Revenue Breakdown (
Slide 7: Asset Optimization
Asset Optimization Strategic Capital Investment to Unlock Efficiency and Margin Upside Current Facilities Leased RUA(3) CAPEX Commitment Capacity Capital Expenditure (SAR mn) Agribusiness 795k bpd(1) SAR 142.6 million SAR 174.9 million -76.9% YoY Restaurant Operations 94 stores SAR 0.82 million SAR
Slide 8: H1 2026 Highlights
H1 2026 Highlights Solid top-line growth and operational progress against a challenging cost environment Agribusiness1 Restaurant Operations Revenue 1,395 13.3% YoY 126 31.8% YoY Net Income3 36 25.4% YoY (18) 37.2% YoY Financial Highlights (SAR millions) Net Income Margin 2.6% 132 bps YoY -14.1% 154
Slide 9: Agribusiness H1 2026
Agribusiness H1 2026 Advancing product innovation while strengthening regional market presence Birds Volume Sold Revenue Breakdown Recognitions & Initiatives (mn) by Region (SAR mn) 85.5 2 27 27 44 Taste Secrets 7.2% 62 Shaqra Pepper 67 79.8 1,140 1,257 H1 2025 H1 2026 H1 2025 H1 2026 KSA Bahrain UA
Slide 10: Restaurant Operations H1 2026
Restaurant Operations H1 2026 Strong Like-for-Like Growth Across Outlets Showcased by Targeted Campaign Execution Country % Channel % Like-for-Like Performance Bahrain Kuwait 4% % Change YoY 7% +18% In Store, 43 +13% Aggregator, 57 KSA H1 2026 89% Transactions Sales Number of stores and Marketing Ca
Slide 11: Financial Overview
02 Financial Overview 11
Slide 12: H1 2026 Financial Performance
H1 2026 Financial Performance Double-digit revenue growth across both segments; H1 2026 profitability impacted by higher financing and input costs • Revenue reached SAR 1,520 million in H1 2026, reflecting 14.6% YoY growth. Revenues Net Income1 • Agribusiness revenue grew 13.3% YoY, with Fresh Poult
Slide 13: H1 2026 Financial Performance – Profitability
H1 2026 Financial Performance – Profitability Strong Q2 recovery lifts H1 profitability; gross profit and EBITDA both grow double digits, with margins expanding in the quarter • Gross profit increased 12.2% YoY to SAR 360 million in H1 2026 and 26.6% YoY to SAR 194 Gross Profit EBITDA million in Q2.
Slide 14: Net Income Bridge Charts
Net Income Bridge Charts Balancing Cost Headwinds with Go-to-Market Strategy, Expansions, and Efficiency Gains 18 Q2 2025 vs. Q2 2026 (6) 50 (24) (5) (5) 2 23 5 (15) 2 Net Income Price & channel Volume, Unutilized Inflationary Financing Additional Expansion of Restaurant Zakat Net Income (Q2 2025) I
Slide 15: Cash Flow Analysis & Working Capital Management
Cash Flow Analysis & Working Capital Management Strengthening liquidity as the business transitions from peak investment to cash generation 92 91 89 92 86 Working Capital ▪ Working capital fell to SAR 45.9 million in Q2 2026 from SAR 226.6 million a year earlier, 226.6 with working capital days impr
Slide 16: Sustaining Growth with a Strong Financial Foundation
Sustaining Growth with a Strong Financial Foundation Reducing long-term debt and maintaining funding flexibility as the focus shifts from investment to returns Jun 2026 Dec 2025 Debt Type RoIC (1) (2) 4.2% 3.6% Profitability RoE (1) -2.4% -2.0% 540 (-8%) Long Term 757 Activity Current ratio 1.0x 1.1
Slide 17: ESG
03 ESG 17
Slide 18: How Sustainability Flows Through Tanmiah
How Sustainability Flows Through Tanmiah Turning Sustainability into Measurable Operational and Financial Impact LAYER 1 · Three fundamental pillars LAYER 2 · Eight focus areas PEOPLE Customer Trust Innovation HSE Corporate Culture AGRICULTURE PLANET Circularity Environment Talent DEI LAYER 3 · Samp
Slide 19: Key Takeaways
04 Key Takeaways 19
Slide 20: From disciplined execution to sustainable, margin-led growth
From disciplined execution to sustainable, margin-led growth Our strategic priorities are anchored in disciplined execution, operational excellence and a clear focus on long-term value creation Market Environment Strategic Pillars Guiding Execution • Market conditions remained challenging in H1 2026
Slide 21: Thank You
THANK YOU Investor Relations & Media Queries ir@tanmiah.com www.tanmiah.com