Slide 1: Investor Relations Update
INVESTOR RELATIONS UPDATE Full year financial results 2025. Published 6th February 2026
Slide 2: Disclaimer
Disclaimer This presentation is intended for information purposes only and does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase securities of any kind and neither this document nor anything contained herein sh
Slide 3: Contents
Contents RAK Properties overview 4 Financial highlights 13 Operational highlights 26 Sustainability 31 Market outlook 39 Appendix 43
Slide 4: RAK Properties Overview
RAK PROPERTIES OVERVIEW | | PROPERTIES
Slide 5: RAK Properties snapshot
RAK Properties snapshot 50,000,000 sqft TASHA, ANTONIO, HUNTER & BARREL LANDBANK c. 3,735 HOMES BEING READIED FOR OPENING SUCCESSFULLY DELIVERED 1,000,000 sqft GLA BAR DU PORTE NOW OPEN (9,600 sqft UNDER FITOUT) ICONIC PARTNER BRANDS – 525 KEY HOSPITALITY PORTFOLIO 2 PRIME DESTINATIONS IN RAK – GIOR
Slide 6: RAK Properties strategy for growth
RAK Properties strategy for growth MASTERPLAN-LED DEPLOY RAHA ISLAND LAND INCREASE RECURRING DEVELOPMENT WITH TIMELY TO FUEL FUTURE DEVELOPMENT REVENUES THROUGH RETAIL DELIVERY OF MIXED-USE PROJECTS AND CONTINUE AND HOSPITALITY OFFERINGS COMMUNITIES TO ACQUIRE NEW LANDBANK FORM STRATEGIC ENSURE PRUD
Slide 7: RAK Properties brand values
RAK Properties brand values RESPONSIBLE COMMUNITY VALUE DRIVEN SUSTAINABILITY EXCELLENCE & ACCOUNTABLE CENTRIC We are guided by integrity, We aim to foster environments in Our ethos is anchored in adding Sustainability is the cornerstone of We are relentlessly committed to respect, and transparency
Slide 8: RAK Properties diversified business model
RAK Properties diversified business model As a leading master developer, our core strategy revolves around transforming prime land into luxurious properties that offer an BUSINESS unparalleled lifestyle. We also generate revenue from leasing and SEGMENTS sales of these high-end homes, with income ex
Slide 9: RAK Properties timeline
RAK Properties timeline 2005 – 2006 2010 – 2012 2017 – 2020 2022-2023 2024 • RAK Properties was • Granada Villas Community • Raha Island development • Intercontinental RAK Resort • Anantara Mina RAK Resort established in Mina delivered begins in Mina & Spa opened. opened Award winning • The IPO was
Slide 10: RAK Properties awards
RAK Properties awards 2023 2024 BAYVIEWS QUATTRO Best Residential Project at the DEL MAR Annual Design Middle East Best mixed-use project at the Awards 2023 Pillars of Real Estate Awards 2024 MUSE Design Award for Mix Use Architectural Designs CEO MIDDLE ANANTARA EAST AWARDS RESORTS & SPA Sameh Muht
Slide 11: 2025 announcement highlights
2025 announcement highlights MINA MASTERPLAN MIRASOL SALES ANANTARA BRANDED FOUR SEASONS SKAI LAUNCH UNVEILING LAUNCH RESIDENCES Approved masterplan Resort inspired living on Raha New luxury hospitality Premium apartments on Raha Reside in the splendour of revealed to broker community Island partner
Slide 12: 2025 announcement highlights
2025 announcement highlights ARMANI BEACH ENTA & HIVE SOLERA MIRASOL II NURA RESIDENCES From HIVE, the visionary team The pulse of Mina’s dynamic Giorgio Armani and RAK Shaping the future of north An address built with intention behind HIVE JVC, and RAK new downtown district Properties Partner to La
Slide 13: Financial Highlights
FINANCIAL HIGHLIGHTS | | PROPERTIES
Slide 14: 2025 performance overview
2025 performance overview A strong performance with RAK Properties achieving substantial year- REVENUE 1,837 over-year growth across key financial metrics. MN AED Revenue climbed by 31% to AED 1,837 million, EBITDA rose by 42% to AED +31% YOY 535 million, and Profit After Tax increased 44% to AED 40
Slide 15: Financials at a glance
Financials at a glance EBITDA REVENUE SALES VALUE SHARE PRICE 2024 vs 2025 2024 vs 2025 2024 vs 2025 2024 vs 2025 42% 31% 142% 18.5% AED AED AED AED 535 AED 1,837 3,361 1.35 1,406 376 Mn Mn AED Mn Mn Mn 1,389 1.14 Mn 2024 2025 2024 2025 2024 2025 2024 2025 FEBRUARY 2026 15
Slide 16: A new strategic track record
A new strategic track record An outstanding sales track record for Substantial investments in residential numerous residential projects, and hospitality projects, the successful including Cape Hayat, Marbella II, Bay completion of key developments, and a residences, Quattro Del Mar, The Edge strong
Slide 17: Revenue grew by 31% Y-o-Y
Expansion of revenue streams beyond residential 2025 2000 Revenue By Segment in AED Mns REVENUE 1600 GREW BY 1200 1538 800 1146 31% Y-o-Y 400 831 460 280 74 61 58 RAK Properties continues to expand its hospitality 57 200 225 56 71 116 0 0 sector, leveraging the growth in tourism 2021 2022 2023 2024
Slide 18: Asset distribution
Asset distribution 31 Dec 2025 COMPLETED CONSTRUCTION PLANNING GDV (AED Mn) 3,766 4,078 2,576 No. Of Units 3,735 3,469 1,184 Around 1 Million Sq.ft. GLA C. AED 8,706 Mn in Total Assets as of 31 Dec 2025 as of 31 Dec 2025 64% 18% 55% 28% 27% 8% Commercial Retail Residential Property Sales Hotel Opera
Slide 19: Solid balance sheet
Solid balance sheet DEBT MATURITY PROFILE* in AED Mns In AED Mns 2024 2025 250 Debt 1,262 1,011 204 Cash 463 518 200 173 163 Net Debt 799 493 150 Total Equity 5,527 5,942 118 Total Assets 8,012 8,706 100 76 2024 2025 50 Net Debt/Equity 14.5% 8.3% Debt/Total 0 15.8% 11.6% Assets 2026 2027 2028 2029 2
Slide 20: Total liabilities
Total liabilities Liabilities in AED Mns 11% RAK Properties is adequately funded through sufficient advance collections and credit facilities 2900 2764 2800 2700 2600 2485 2500 2400 2300 2200 2024 2025 FEBRUARY 2026 20
Slide 21: Income statement
Income statement 2025 GROSS FY FY FY FY FY 2021 2022 2023 2024 2025 PROFIT Revenue 516 408 1005 1406 1,837 (AED M) Gross Profit 195 141 365 543 708 INCREASED (AED M) EBITDA 221 94 264 376 535 (AED M) BY 31% Y-o-Y Net Profit Before Tax (AED M) 202 31 202 308 444 Gross Profit Margin 38 34 36 39 39 (%)
Slide 22: Net profit before tax up by 44% year on year
Net profit before tax up by 44% year on year GROSS PROFIT in AED MNs NET PROFIT BEFORE TAX in AED MNs 800 500 444 708 400 308 700 300 202 202 200 600 543 100 31 500 0 2021 2022 2023 2024 2025 400 365 EBITDA in AED MNs 300 195 600 535 200 500 141 376 400 264 100 300 221 200 0 94 100 2021 2022 2023 20
Slide 23: Share price information
Share price information 31 Dec’21 31 Dec’22 31 Dec’23 31 Dec’24 31 Dec’25 Market Cap (AED Mns) 1,540 1,360 2,280 3,420 4,050 Share Price (AED/Share) 0.77 0.68 1.14 1.14 1.35 EPS(AED/Share) 0.10 0.015 0.101 0.111 0.135 5,500 1.35 1.5 4,500 1.14 1.14 1.3 1.1 3,500 0.77 2,500 0.68 0.9 3,420 4,050 0.7 1
Slide 24: Financials by business segment
Financials by business segment Contribution From Recurring Businesses FY 2025 Revenue: 16% Gross profit: 22% Revenue Share Gross Profit Share 14% 12% 4% 4% 21% 20% FY FY FY FY 2024 2025 2024 3% 2025 2% 76% 78% 82% 84% Property Sales Hospitality Asset Management FEBRUARY 2026 24
Slide 25: Robust hospitality performance
Robust hospitality performance INTERCONTINENTAL ANANTARA HOSPITALITY FY 2024 FY 2025 FY 2024 FY 2025 Number of Keys 351 351 174 174 Average Daily Rate (ADR, AED) 750` 834 1,507 1,372 Occupancy Rate (%) 69% 70% 53% 70% Revenue per available room (RevPAR) (AED) 517 583 803 961 Room Revenue (AED Mn) 66
Slide 26: Operational Highlights
OPERATIONAL HIGHLIGHTS | | PROPERTIES
Slide 27: Projects under development as at 31st December 2025
Projects under development as at 31st December 2025 LAUNCH UNITS UNITS NET SALES REVENUE % % PROJECT LOCATION YEAR LAUNCHED SOLD (AED M) BACKLOG SOLD COMPLETE Bayviews Mina 2023 344 344 421 107 100% 92.5% Bay Residence Phase 1 Mina 2023 335 330 404 0 99% 100% Bay Residence Phase 2 Mina 2023 330 328
Slide 28: RAK Properties land bank
RAK Properties land bank DEVELOPED UNDER BALANCE LAND DESCRIPTION TOTAL AREA (SQM) AREA DEVELOPMENT TO DEVELOP Area (Sqm) Area (Sqm) GFA (Sqm) Area (Sqm) GFA (Sqm) Area (Sqm) GFA (Sqm) Mina - Land 4,067,991 2,745,223 448,969 583,665 452,751 739,103 890,052 Marjan - Beach District 185,759 - - 185,759
Slide 29: RAK Properties destination landbank
RAK Properties destination landbank MINA Primary Destination Landbank 4,000,000 sqm land area BEACH DISTRICT Land bank acquired in consideration of RAK Government increase in stake to 34% c.186,000 sqm land area FEBRUARY 2026 29
Slide 30: Investment proposition
Investment proposition TRACK ECONOMIC QUALITY FINANCIAL STRONG NEW LAND PRUDENT RECORD BACKDROP PORTFOLIO PERFORMANCE MANAGEMENT ACQUISITIONS MANAGEMENT Almost 20 years of RAK’s long term Covering residential, Q3 2024 results show Highly experienced New land Prudent creating shareholder growth prosp
Slide 31: Sustainability
SUSTAINABILITY | | PROPERTIES
Slide 32: ESG – a pillar of our vision and mission
ESG – a pillar of our vision and mission ENVIRONMENTAL COMMITMENT SOCIAL RESPONSIBILITY GOVERNANCE EXCELLENCE We are dedicated to integrating We focus on improving the well- Our robust governance sustainable practices across all being of all stakeholders, framework ensures development projects and i
Slide 33: ESG leadership
ESG leadership Environmental, Social, and Governance (ESG) principles are at the heart of We improved by 16 points, 53% higher than our 2024 score RAK Properties' vision and mission. Our leadership is committed to driving environmental responsibility and sustainable growth across all our development
Slide 34: Biodiversity conservation
Biodiversity conservation MANGROVE AND ARTIFICIAL REEF BALLS WETLAND CONSERVATION Artificial reef balls were deployed along the Mina Large areas of natural seaside to help restore marine ecosystems, create habitats mangroves and for corals and fish, reducing associated wetlands coastal erosion and n
Slide 35: Environmentally responsible consumption
Environmentally responsible consumption key environmental indicators for 2025 CARBON EMISSION WATER CONSUMPTION WASTE MANAGEMENT Key initiatives to reduce carbon footprint: Key measures to optimize water use: Key measures to optimize waste handling: Low-flow/low-flush water fixtures Energy Audits Wa
Slide 36: Discovery centre – a closer look
Discovery centre – a closer look The Mina Discovery Center is a community hub dedicated to environmental education and preservation. Located in Mina, it focuses on teaching residents, especially schoolchildren, the importance of mangrove ecosystems and local wildlife. This initiative goes beyond tra
Slide 37: Advancing our social responsibility
Advancing our social responsibility OUR PEOPLE, THE CORNERSTONE OF OUR SUCCESS. DIVERSITY & INCLUSION HEALTH & SAFETY • RAK Properties cultivates an inclusive work • Commitment to Occupational Health and Safety, environment. evidenced by our ISO 45001:2018 certification. • 291 employees: 33% female,
Slide 38: Governance principles and best practice
Governance principles and best practice ENSURING ROBUST RISK UPHOLDING ETHICAL STANDARDS KEY BUSINESS POLICIES MANAGEMENT Whistleblowing Policy Oversight by the Auditing Our Ethics and Compliance Anti-Money Laundering & Committee of Ethics and policies guide responsible Combating Compliance & Intern
Slide 39: Market Outlook
MARKET OUTLOOK | | PROPERTIES
Slide 40: RAK is the fourth largest Emirate by land mass
RAK is the fourth largest Emirate by land mass • A well-connected emirate, Ras Al Khaimah benefits from connectivity to all major destinations across Europe, Asia, and the Middle East through various airports in the UAE. SHARJAH • With an estimated population of 0.4 million and a GDP of Sharjah Inte
Slide 41: Positive macro economic drivers
Positive macro economic drivers Fitch Ratings Upgraded Rak’s Issuer Default Ratings (Idrs) To A+ - amid Expectations Of Stronger Growth And Fiscal Management FEBRUARY 2026 41
Slide 42: Customer breakdown by nationality
Customer breakdown by nationality RAK Properties enjoys a diverse buyer base with customers drawn from 124 countries (2024 - 118 countries). Customer Demography 2024 Customer Demography 2025 Others, 21% Emarati, 20% Others, 22% Emarati, 24% Czech, 1% Australian, 1% Czech, 1% Romanian, 1% Australian,
Slide 43: Appendix: Project Highlights
APPENDIX: PROJECT HIGHLIGHTS
Slide 44: Residences, Retail & Amenities, Hotel & Resorts
RESIDENCES RETAIL & AMENITIES HOTEL & RESORTS 1 GRANADA I 10 BAY RESIDENCES 19 EDGE 26 BEACH 36 ANANTARA RESORT & SPA 2 GRANADA II 11 BAY VIEWS 20 SKAI 27 RETAIL PLAZA 37 INTERCONTINENTAL RESORT & SPA 3 LAGOON BUILDINGS 12 CAPE HAYAT 21 SOLERA 28 ECO LODGE 38 NIKKI BEACH RESORT & SPA 4 MALIBU VILLAS
Slide 45: Hayat Island
QUATTRO DELMAR on —" Hayat Island 2 Residential, Commercial, and Hospitality
Slide 46: Hayat Island
Hayat Island PROJECT TYPE UNITS NB Collection Villas 11 Units Quattro Del Mar Apartments 888 Units Cape Hayat Apartments 678 Units Porto Playa Apartments 269 Units Bay Views Apartments 344 Units Bay Residences Apartments 661 Units Gateway II Residences Apartments 146 Units Intercontinental Hotel 351
Slide 47: Raha Island
MARINA & ARMANI BEACH YACHT CLUB BERMUDA RESIDENCES FOUR SEASONS VILLAS RESORT & RESIDENCES GATEWAY I NURA MIRASOL I SOLERA MINA BOULEVARD MIRASOL II MINA HARBOUR EDGE SKAI Raha Island (within Mina, RAK) Residential, Commercial, and Hospitality
Slide 48: Raha Island
Raha Island PROJECT TYPE UNITS Bermuda Villas/Townhouses 157 Units Gateway I Residences Apartments 144 Units Edge Apartments 237 units Mirasol I Apartments 339 Units Mirasol II Apartments 280 Units SKAI Apartments 227 Units Solera Apartments 451 Units Nura Apartments 312 Units FEBRUARY 2026 48
Slide 49: Lagoons
Lagoons PROJECT TYPE UNITS Granada I Villas/Townhouses 93 Units Malibu Villas Villas/Townhouses 213 Units Flamingo Villas Villas/Townhouses 192 Units Anantara Resort Hotel 174 Keys Lagoon Walk 20 Towers 800 Units Granada II Villas 80 Units FEBRUARY 2026 49
Slide 50: Others
Others PROJECT TYPE UNITS Julphar Tower RAK Apartment/Offices/Retail 884 Units RAK Tower Apartments 212 Units (Abu Dhabi ) Julphar Residence Apartments 266 Units (Abu Dhabi) FEBRUARY 2026 50
Slide 51: Enhancing Lives and Places
ENHANCING LIVES AND PLACES | | PROPERTIES