Savola Group · TADAWUL:2050
Savola — Q1 2026 Earnings Presentation
34 slides from Savola's earnings presentation, May 11, 2026
Slide 1: Savola Group Earning Presentation Q1 2026
Savola Group Earning Presentation I Q1 2026 May 11 2026
Slide 2: Disclaimer
Disclaimer This presentation might contain forward-looking statements which may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections
Slide 3: Savola Group Journey
Ugola SAVOLA Savola Group Journey
Slide 4: Transformation Journey 2023–2026 into a Food Platform
Savola Group – Transformation Journey 2023–2026 into a Food Platform Integration & Leadership • Foods & Group merger completed Portfolio Optimization Begins • Turkey → JV (~15% stake) • Al Kabeer integration initiated • Exit: Morocco operations • Exit: Iraq operations FY2024 FY2026 FY2023 FY2025 Cap
Slide 5: An Integrated Food Platform with Strong Retail arm
Savola Group – An Integrated Food Platform with Strong Retail arm Savola today operates one of the region’s most integrated food platforms, serving millions of consumers through manufacturing scale, supply chain capabilities, and retail access 01 02 03 04 Strategic Integration Leadership Alignment U
Slide 6: Consistent historical dividend distribution
Savola Group – Consistent historical dividend distribution demonstrating ongoing commitment to shareholder returns Key Metrics – 2025 Dividend Payout – Historical Trend SAR 1.70 SAR 510mn 58% *2024 figures include dividend- in-kind 128% Dividend per Share Total Dividend Paid Payout Ratio distributio
Slide 7: Savola Group Q1 Highlights
Ugola SAVOLA Savola Group Q1 Highlights
Slide 8: Q1 2026 Performance at a Glance – Foods Led Profitability
Savola Group – Q1 2026 Performance at a Glance – Foods Led Profitability Strong quarter despite regional headwinds — Foods drives profitability; Panda and Al Kabeer holds Savola Group Net Income Foods Processing Net Income Retail (Panda) Net Income Frozen (Al Kabeer) Net Income SAR 285mn +50% YoY SA
Slide 9: Q1 2026 Performance Highlights
Savola Group – Q1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q1-25 Q1-26 +0.2% +1.8% Revenue 7,281 7,292 Gross Profit 1,378 1,402 18.9% 19.2% +10.8% 50.4% EBITDA 651 722 Net Income 285 189 8.9% 9.9% 2.6% 3.9% Recurring 188 243 Note :Certain comparative amounts have been reclassified to confor
Slide 10: Q1 2026 Recurring Revenue & Net Profit Bridge By Business
Savola Group – Q1 2026 Recurring Revenue & Net Profit Bridge By Business SAR in millions Revenue Bridge by Business Net Profit Bridge by Business 0.2% +50.4% (9) 7,292 7,281 33 (14) 285 (18) 20 29.0% 42 243 1 2 0 (0) 15 189 188 37 (1) Q1 2025 Others/Elim Q1 2026 Q1 2025 One-Offs Q1 Herfy Minority/ Q
Slide 11: Revenue Mix
Savola Group – Revenue Mix Revenue by Business1,3 Revenue by Geography3 Q1-25 Q1-26 Q1-25 Q1-26 3% 3% 3% 3% 4% 3% 21% 21% 48% 49% 45% 45% 77% 77% Savola Foods Panda Al Kabeer Herfy Arabia Egypt Others Note 1) Revenue by business % is based on net revenue before eliminations 2) Numbers are adjusted f
Slide 12: Stronger Balance Sheet — Net Cash Position & Disciplined Leverage
Savola Group – Stronger Balance Sheet — Net Cash Position & Disciplined Leverage The Group continued to execute a disciplined, investment-led growth strategy while simultaneously strengthening its balance sheet and liquidity position—positioning the business for sustainable growth with enhanced fina
Slide 13: Q1 2026 Capital Deployment – Sources & Uses of Cash
Savola Group – Q1 2026 Capital Deployment – Sources & Uses of Cash Robust organic cash generation fully self-funded growth, deleveraging and a stronger liquidity position — reflecting the Group's disciplined capital stewardship. 91 209 148 158 56 26 38 659 411 Opening Net Operating Working Financial
Slide 14: Financial Highlights – Q1 2026
Financial Highlights – Q1 2026 Group Revenue Group Gross Profit Group EBITDA Recurring Net Income 7,292 1,402 722 243 +0.2% yoy — resilient Margin 19.2% +1.8% yoy Margin 9.9% +10.8% yoy Margin 3.3%; +28.9% Food Processing Retail Frozen Food Food Services Savola Foods Co. Panda Retail Co. Al Kabeer H
Slide 15: Net Income Bridge – Q1 2026
Net Income Bridge – Q1 2026 Net Income Reconciliation (SAR mn) 25 11 367 40 (4) (27) 295 (25) 285 (30) 243 (42) Foods Panda Al Kabeer Herfy Share in Segment Total Unallocated Unallocated Minority Total Savola Discontinued Total Savola Processing (Inc. Associates Costs - Cash Costs - Non Interest/Eli
Slide 16: Foods Processing
Ugola SAVOLA XY Foods Processing ancil A Foods
Slide 17: Foods Processing – Q1 2026 Performance
Foods Processing – Q1 2026 Performance - Strong Delivery Across Core Categories Foods Processing posted solid performance on the back of Improved performance across its core categories Net Income Oil Volume Sugar Volume Pasta Volume SAR 251m +11.9% -0.8%YoY +5.7% YoY +17% YoY YoY Oils (Arabia, Egypt
Slide 18: Foods Processing – Financial Highlights
Foods Processing – Financial Highlights SAR in mn Q1-25 Q1-26 Q1-25 Q1-26 +0.9% +2.7% Revenue 3,575 3,607 Gross Profit 524 538 14.7% 14.9% +5.4% +17.2% 354 373 214 251 EBITDA Net Income 9.9% 10.3% 6.0% 7.0% Note 1: Certain comparative amounts have been reclassified to conform with current year prese
Slide 19: Foods Processing: Volume Growth Reaffirms Business Momentum
Foods Processing : Volume Growth Reaffirms Business Momentum Revenue bridge Variance by major category (SAR Mn) Price vs Volume contribution to revenue change (SAR Mn) Volume Price +231 248 −198 (+4.4% YoY) 3,607 3,575 -195 9 6 -3 -13 Oil & fats Sugar Pasta Q1 2025 Volume Price Q1 2026 Volume +231 U
Slide 20: Foods Processing – Oil Segment Analysis
Foods Processing – Oil Segment Analysis SAR in millions Volume (MT ‘000) Revenue Gross Profit EBITDA Net Profit 16.7% 14.6% 12.2% 10.7% 8.3% 7.8% +11.6% 2,234 2,003 1,143 +12.1% -2.6% 1,019 334 326 +11.9% 166 171 +2.6% +5.4% -1.8% 175 361 404 166 1,092 +11.0% 244 239 163 188 +15.3% 984 +8.0% 81 94 +
Slide 21: Foods Processing – Sugar Segment Analysis
Foods Processing – Sugar Segment Analysis SAR in millions Volume (MT ‘000) Revenue Gross Profit EBITDA Net Profit 7.7% 10.4% 5.6% 8.0% 2.2% 4.2% -16.4% 1,208 1,009 +12.5% 731 105 93 +62.0% 622 -15.0% +19.6% 43 -0.8% 55 -2.8% 81 511 507 67 15 +15.6% 56 28 -3.2% 26 302 309 +2.0% 29 13 476 388 -18.7% 2
Slide 22: Foods Processing – Pasta Segment Analysis
Foods Processing – Pasta Segment Analysis SAR in mn Margin Volume (MT ‘000) Revenue Gross Profit EBITDA Net Profit 25.0% 28.4% 18.5% 22.8% 12.1% 17.1% +9.2% 177 162 +5.7% 83 78 +23.9% 50 41 +34.5% 40 30 +53.5% 20 30 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Gross Profit / Ton (SAR)
Slide 23: Foods Processing – Nuts, Spices And Pulses Segment Analysis
Foods Processing – Nuts, Spices And Pulses Segment Analysis SAR in millions Margin Revenues Gross Profit EBITDA Net Profit 29.6% 32.1% 13.8% 13.4% 8.1% 8.8% -3.9% 158 152 +4.2% 47 49 UAE -1.0% 21 21 +4.8% 13 13 20.7% 24.6% NM NM NM NM -20.8% 44 35 KSA -6.0% 9 9 -8 -8 NM -11 -10 NM Q1-25 Q1-26 Q1-25
Slide 24: Retail (Panda)
GJ Panda XY Retail (Panda)
Slide 25: Panda – Q1 2026 Performance – Resilient Execution
Panda– Q1 2026 Performance – Resilient Execution Amid Market Competitive Intensity Resilient Performance Driven by Execution Amid Market Disruption Revenue Net Income E-Commerce SAR 3.3b 40m ~3x Growth -0.3% YoY +1.2% YoY Panda's Resilience Levers Driving Share Gains Panda delivered a stable perform
Slide 26: Panda – Q1 2026 Performance Highlights
Panda – Q1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q1-25 Q1-26 -0.3% +1.2% Revenue 3,335 3,325 Gross Profit 715 723 21.4% 21.8% +6.6% +1.2% EBITDA 257 274 Net Profit 39 40 7.7% 8.3% 1.2% 1.2% Note :1) Certain comparative amounts have been reclassified to conform with current year presentat
Slide 27: Store Network — Disciplined Expansion & Format Optimization
Store Network — Disciplined Expansion & Format Optimization Disciplined Network Expansion with Focus on Format Optimization and Core Market Strength Total Stores (as of Mar 2026) Net Selling Area (as of Mar 2026) Stores Opened/(Closed) CXR stores Completed during Q1 2026 226 579km2 (1) 132 Q1 Stores
Slide 28: Omnichannel Progress — Profitable and Scalable E-commerce Growth
Omnichannel Progress — Focusing on Profitable and Scalable E-commerce Growth Disciplined Network Expansion with Format Optimization E-Com Revenue Avg Daily Orders Avg. Basket Size SAR +133m ~3x YoY +10.6K ~5x YoY SAR∽200 E- Commerce Growth Highlights SAR in mn • Partnership with Ocado: Integration s
Slide 29: Frozen (Al Kabeer)
Gus Al Kabeer XY Frozen (Al Kabeer)
Slide 30: Al Kabeer – Q1 2026 Performance
Al Kabeer– Q1 2026 Performance Resilient performance despite market challenges Revenue B2B Sales Growth E-Commerce Sales Growth Net Income Growth SAR 221m -5.8% YoY ~2.5x ~2.5x SAR 25m -1.2% YoY YoY YoY 1 Al Kabeer reported resilient performance in Q1 2026 despite lower sales impacted by the changes
Slide 31: Al Kabeer – Q1 2026 Performance Highlights
Al Kabeer – Q1 2026 Performance Highlights SAR in mn Q1-25 Q1-26 Q1-25 Q1-26 -5.8% -7.1% Revenue 235 221 Gross Profit 85 79 36.3% 35.8% +4.8% -1.2% EBITDA 34 36 Net Profit 25 25 14.5% 16.1% 10.9% 11.4% Note: numbers are rounded 31
Slide 32: Appendix
Appendix
Slide 33: Financials Summary – Q1 2026
Financials Summary – Q1 2026 (All figures are in SAR mn) 1 Segment Wise Financials Q1 2026 Q1 2025 Revenue Gross Profit EBIT Net Income EBITDA Revenue Gross Profit EBIT Net Income EBITDA Oil 2 Arabia 1,143 171 104 94 119 1,019 166 98 81 111 Overseas 1,092 155 113 81 120 984 168 128 85 133 Total Oil
Slide 34: Thank you
Ugola fr SAVOL!A eum Thank you