Amanat Holdings Pjsc · DFM:AMANAT
Amanat Holdings Pjsc — Q1 2026 Earnings Presentation
28 slides from Amanat Holdings Pjsc's earnings presentation, May 2026
Slide 1: Earnings Presentation Q1 2026 Financial Results
Invest . Grow . Impact Healthcare & Education growing and defensive sectors Earnings Presentation Q1 2026 Financial Results May 2026 Amanat Q1 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 followi
Slide 3: Table of Contents
Table of Contents 01 02 03 Executive Summary pg. 7 Cambridge Health Group pg. 10` Education Update pg. 15 Update 04 05 06 Financial Highlights pg. 19 Recap pg. 23 Appendix pg. 26 Amanat Q1 2026 Financial Results 3
Slide 4: Why Amanat? Market leading healthcare and education businesses
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 sust
Slide 5: Group Strategy: Next phase of value creation
Group Strategy |Next phase of value creation Strategic Focus Completion of monetization process provides the capital to grow the businesses, deploy into new opportunities and deliver sustainable shareholder returns Grow Deploy Return Scale and grow existing Deploy capital into organic Utilize availa
Slide 6: 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 with monetization opportunities progressing well Cambridge 87% (1) Almasar Alshamil 70 %(2) Health Group Education Provider of Special Provi
Slide 7: Key Highlights
Key 1 Highlights Amanat Q1 2026 Financial Results 7
Slide 8: Q1 Highlights: Strong, resilient start to 2026
Q1 Highlights |Strong , resilient start to 2026 Continued strong progress across Healthcare and Education, reflecting ongoing delivery on Amanat’s value creation strategy Strong financial Total capacity at CHG of Strong enrolment Further growth Record dividend of performance in 1Q26 , 715 beds momen
Slide 9: Financial Performance Highlights
Financial Performance Highlights |Double -digit revenue and EBITDA growth demonstrating resilience and strength of business model GROUP REVENUE FROM GROUP EBITDA FROM NET PROFIT FROM CONTINUING OPERATIONS CONTINUING OPERATIONS CONTINUING OPERATIONS Q1’26 AED 298.5 MN Q1’26 AED 106.5 MN Q1’26 AED 72.
Slide 10: Cambridge Health Group Update
Cambridge 2 Health Group Update Amanat Q1 2026 Financial Results 10
Slide 11: Overview: 666 operational beds across UAE and KSA
Overview |666 operational beds across 6 facilities in the UAE and KSA 2 CHG Al Khobar 1 CHG Jeddah 3 CHG Al Dhahran Licensed (operational) capacity - 101 (101) Utilization - 60%+ + 49 beds to be licensed Licensed (operational) capacity - 200 (200) Licensed (operational) capacity - 70 (70) Utilizatio
Slide 12: 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 Launched Cambridge Health Group brand in October 2025 , supporting the transition from expansion to delivery with clear strategy in place to drive scale and profitability PPP / Manage
Slide 13: Performance: Capacity and utilization growth driving earnings
Performance |Capacity and utilization growth driving earnings momentum Strategic Update Key Highlights • Licensed bed capacity increased by 41 beds (+20% QoQ) to 6 Hospitals 666 beds (715 total capacity), reflecting continued expansion ▪ Cambridge Health Group delivered a strong performance in • Inp
Slide 14: Geographic Performance
Geographic Performance |Return to growth in UAE, strong performance in KSA Patient volumes driving growth Capacity expansions driving growth REVENUE EBITDA REVENUE EBITDA Margin% AED MN Margin% AED MN AED MN AED MN 3.5 3.3 1.9 1.9 10% 1.9x 25% 10% 57 52% 56 14 35% 52 20% 35% 37 7 16 20 9 18 (2) (2)
Slide 15: Education Update
Education 3 Update Amanat Q1 2026 Financial Results 15
Slide 16: Overview: SEN facilities, higher education institutions and corporate training
Overview |56 SEN facilities , 3 higher education institutions and corporate training Integrated Education Leader… …operating across the GCC… …and catering to 28k+ students 41 SEN (1) Al Qassim: Abu Dhabi Emirate: 6.3k+ beneficiaries in centres 2 centres 4 campuses 1 School Daycare Centres (2) 1.4k+
Slide 17: Strategy: The region's first integrated education business
Strategy |The region’s first integrated education business Education 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 a
Slide 18: Performance: Strong growth in students and beneficiaries
Performance |Strong growth in number of students and beneficiaries Strategic Update Key Highlights 3 Universities and 15 SEN Schools, 41 daycare and rehab ▪ Daycare centers increased to 41 (from 36 in 1Q25), including ▪ Delivered strong growth in 1Q26, with revenue +22% YoY to centers two new center
Slide 19: Financial Highlights
Financial 4 Highlights Amanat Q1 2026 Financial Results 19
Slide 20: Statutory Profit and Loss
Statutory Profit and Loss AED MN 1Q25 1Q26 % ▪ YoY revenue from continuing operations grew Continuing Operations by 24% to AED 298.5 million in 1Q26, driven by Revenue 240.7 298.5 24% Direct Costs (134.9) (164.4) (22)% strong performance across both Cambridge Health Group and Almasar Education refle
Slide 21: Statutory Consolidated Balance Sheet
Statutory Consolidated Balance Sheet |Selected highlights ▪ Total assets increased 1% to AED 4,641.6 million. AED MN FY 2025 1Q26 % ▪ Property and Equipment (PPE) increased 1% , Property and Equipment 663.0 668.7 1% primarily reflecting continued investment across healthcare facilities and expansion
Slide 22: Cashflow and Net Debt
Cashflow and Net Debt | AED 1.4 billion of cash with additional leverage capacity Summary Movement in Cash AED MN 1,450 17 12 10 1,395 (37) (20) (30) (9) Movement in cash and bank balances was driven by: ▪ Operating outflows of AED 37 million ▪ Capex of AED 20 million, mainly related to ongoing expa
Slide 23: Recap
Recap 5 Amanat Q1 2026 Financial Results 23
Slide 24: Recap: Clear strategy focused 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 25: Stay Connected
Abdulrahman Al Suwaidi James Investor Anderson Relations| Teneo Director investor.relations@amanat.com investor.relations@amanat.com investor.relations@amanat.com Stay Connected amanat.com Amanat Q1 2026 Financial Results 25
Slide 26: Appendix
Appendix 6 Amanat Q1 2026 Financial Results 26
Slide 27: Financial Performance: Detailed Profit and Loss
Financial Performance |Detailed Profit and Loss AED MN 1Q25 1Q26 Change Middlesex University Dubai 27.4 23.0 (16)% NEMA Holding 6.1 11.1 81% Human Development Company 12.6 9.4 (26)% North London Collegiate School - Real Estate 7.1 0.0 (100)% Head Office Costs (5.0) (4.8) 4% Non -recurring Items 0.8
Slide 28: Financial Performance: Detailed Profit and Loss by Quarter
Financial Performance |Detailed Profit and Loss by Quarter AED MN 1Q - 24 2Q – 24 3Q - 24 4Q - 24 FY 24 1Q - 25 2Q - 25 3Q - 25 4Q -25 FY 25 1Q-26 Middlesex University Dubai 22.7 26.9 (15.2) 25.5 59.8 27.4 34.5 (15.5) 25.8 72.3 23.0 NEMA Holding 3.9 12.3 0.1 17.2 33.4 6.1 18.8 2.9 24.8 52.6 11.1 Hum