Commercial Real Estate Co. · KSE:ALTIJARIA
Commercial Real Estate — The Commercial Real Estate Company (Al-Tijaria) — Q1 2026 Earnings Presentation
25 slides from Commercial Real Estate's earnings presentation, May 13, 2026
Slide 1: Investors Presentation 1Q26 Earning Results
Investors Presentation 1Q26 Earning Results Ending March 2026 May 13, 2026
Slide 2: Disclaimer
DISCLAIMER The information set out in this presentation and provided in this discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This p
Slide 3: Table of Contents
TABLE OF CONTENTS Business Al-Tijaria Overview & ESG & CSR Q&A Milestones Financial Performance 1 2 3 4 Al Tijaria Presentation 1Q26 3 of 25
Slide 4: Section 1: Al Tijaria Milestones
SECTION 1 AL TIJARIA MILESTONES Al Tijaria Presentation 1Q26 4 of 25
Slide 5: Al Tijaria Milestones
Al Tijaria Milestones Excellence across Residential, Commercial, Retail & Hospitality Al Tijaria Presentation 1Q26 5 of 25
Slide 6: Al Tijaria – Strategy
Al Tijaria – Strategy Excellence across Residential, Commercial, Retail & Hospitality Al Tijaria Presentation 1Q26 6 of 25
Slide 7: Al Tijaria Presence
Al Tijaria Presence Geographic Presence Kuwait Bahrain, KSA, UAE, , Morocco, USA, Europe, UK , Turkey Al Tijaria Presentation 1Q26 7 of 25
Slide 8: Section 2: Business Overview & Financial Performance
SECTION 2 BUSINESS OVERVIEW & FINANCIAL PERFORMANCE Al Tijaria Presentation 1Q26 8 of 25
Slide 9: Business Overview
BUSINESS OVERVIEW RENTAL & HOTEL INCOME (IN KD MN) AGGREGATE OCCUPANCY 94.0% 94.2% 94.0% 0.00 0.21 93.8% 0.83 93.6% 1.08 93.4% 93.0% 93.2% 6.93 6.70 93.0% 92.8% 92.6% 1Q25 1Q26 92.4% RENTAL INCOME HOTEL INCOME SALES OF LANDS 1Q25 1Q26 SHARE OF PROFIT FROM ASSOCIATES NET GAIN ON INVESTMENTS (IN KD MN
Slide 10: Financial Performance – Key Highlights
FINANCIAL PERFORMANCE – Key Highlights Income Statement (KWD Mn) 1Q25 1Q26 YoY % Total Revenues 7.78 7.97 2.45% Rental Income 6.70 6.93 3.43% Hospitality Income 1.08 0.83 -23.37% Profit Sales of Lands 0.00 0.21 Operating Expenses (2.38) (2.50) 5.03% Real Estate Gross Profits 5.39 5.46 1.32% Share of
Slide 11: Financial Performance – Key Highlights
FINANCIAL PERFORMANCE – Key Highlights Balance Sheet (KWD Mn) 1Q25 FY25 1Q26 YoY% Investment property 369.41 374.70 374.80 1.46% Investments (OCI &associates &P&L ) 156.24 166.16 169.56 9% Investments - OCI 56.95 52.87 53.42 -6% Investments - associates 49.42 59.90 61.67 25% Investments - P&L 49.87
Slide 12: Financial Performance - Indicators
FINANCIAL PERFORMANCE - Indicators Profitability Indicators (KWD Mn) 1Q25 1Q26 ROA %* 2.53% 3.28% ROE %* 4.5% 5.28% Net profit Margin (NPM) %* 39.8% 51.3% BVPS (Fils) 169.27 169.62 DPS (Fils) ** 3.0 3.0 EPS (Fils) 1.65 2.17 * ROE & ROA are annualized **Actual cash dividends paid for the respective y
Slide 13: Financial Performance – Highlights
FINANCIAL PERFORMANCE – Highlights EPS (F ILS) NET INCOM E & N PM % 2.5 0 2.17 4.5 0 51.3% 60. 0% 4.0 0 50. 0% 2.0 0 3.5 0 39.8% 1.65 3.0 0 40. 0% 2.5 0 1.5 0 30. 0% 2.0 0 1.5 0 20. 0% 1.0 0 1.0 0 10. 0% 3.09 4.08 0.5 0 0.5 0 0.0 0 0.0 % 1Q25 1Q26 Net Income (Parent) Net profit Margin (NPM) %* 0.0 0
Slide 14: Business Overview – In Pipeline
BUSINESS OVERVIEW – In Pipeline Retail & Fitness Center – Qairwan Area, Kuwait A project has been awarded from the Public Authority for Housing Welfare (PAHW) to a subsidiary of Al Tijaria. The project features development of a retail and fitness center over a total plot area of 12,575 sqm. The comp
Slide 15: Business Overview – Local
BUSINESS OVERVIEW – Local Al Tijaria Key Properties Located in Sharq area facing Al Sour Street opposite to Al Tijaria Tower Al Shaheed Park and it is one of the most spectacular Floors 39 twisted skyscrapers in the world. 8th tallest in Kuwait. A skyscraper with 218-meter height. consisting of 36
Slide 16: Business Overview - Local
BUSINESS OVERVIEW - Local Al Tijaria Key Properties Dome Complex The Complex contains restaurants, cafes and water fountain in the middle area. Future kids joined with a total 2,874 sqm of entertainment. Location Mahboula Retail Space 5,060 sqm No. Of Units 22 BOULEVARD Green Mall stands as a uni
Slide 17: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Al Tijaria Key Properties Symphony Tower – Bahrain The project is positioned next to the Diplomatic area on a 3,856-sq-m site beside the Beit Al Quran. The concrete-framed structure will incorporate 6 car park floors and total of 484 parking slots, 39 typical floors compr
Slide 18: Business Overview - Regional
BUSINESS OVERVIEW - Regional Al Tijaria Regional Portfolio – Partially Owned Bayan Reality - KSA Established in year 2007 as Saudi closed stock company. The company's current share capital is SAR 250 Million. Sale phase already started in March 2024. Total Area (Sqm) 621,150 Residential (Sqm) 297,46
Slide 19: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned 501 First Residence Tower – Miami, USA A residential tower development project strategically located in heart of Downtown Miami, USA, at a walking distance from area’s finest culinary and entertainment options. The project has
Slide 20: Section 3: ESG & CSR
SECTION 3 ESG & CSR Al Tijaria Presentation 1Q26 21 of 25
Slide 21: ESG
ESG By FY2025, Al-Tijaria Group invested KWD 32.7 million in environmentally responsible properties, emphasizing its commitment to both financial returns and environmental sustainability through BREEAM, LEED Platinum, and Good GAP certified projects, Green Key Certification for Symphony Style Hotel,
Slide 22: CSR
CSR Plant a Tree Initiative – 10th Edition Zero Waste Campaign – Blood Donation Campaign in in Collaboration with Omniya In Collaboration with KAFO Collaboration with LOYAC Al Tijaria Real Estate Company organized the 10th As part of its commitment to environmental Al Tijaria Real Estate Company col
Slide 23: Snapshot - Al-Tijaria Share Performance
Snapshot - Al-Tijaria Share Performance fils/shr 2025 1Q26 Average Price 187 206 Cash Dividends 3 3 The company was added to the FTSE Bonus Shares % 3 3 Dividend Yld. % Russell Index in September 2024 1.6% 1.5% Cap. Gain / Loss% 41.4% 10% Overall Return / Loss ** 43.0% 11.9% * Actual cash dividends
Slide 24: Q&A Thank you
Q&A Thank you Al Tijaria Presentation 1Q26 24 of 25
Slide 25: For Further Information Please Contact the Investor Relations Unit
For Further Information Please Contact the Investor Relations Unit: Email : investors@altijaria.com THE COMMERCIAL REAL ESTATE COMPANY K.P.S.C. (AL-TIJARIA) Address : Al-Sharq Jaber Al Mubarak St. Al Tijaria Head Office Building Phone : +965 – 22902900 (933), +965 - 1805252 Fax : +965 – 22902901 www
The Commercial Real Estate Company (Al-Tijaria) — Q1 2026 Earnings Presentation on 6ix