Boursa Kuwait Securities Company (k.p.s.c) · KSE:BOURSA
Boursa Kuwait Securities Company (k.p.s.c) — Kuwait Real Estate Company K.P.S.C. (AQARAT) — Q1 2026 Earnings Presentation
24 slides from Boursa Kuwait Securities Company (k.p.s.c)'s earnings presentation, May 20, 2026
Slide 1: Boursa Kuwait disclosure cover letter
r AQARAT Chlac Date: 20/05/2026 KREC/FIN/2026/10 To: Boursa Kuwait Company Subject: Analysts / Investors Conference 2026/05/20 :@ UI KREC/FIN/2026/10 Cys final Cay 981) Acer gp /BLeal Coppell / Quill) peiipal pepsi) Ga yall 26 pa gal Presentation for Ql / 2026 Reference to the aforementioned subject
Slide 2: Q1 2026 Investor Presentation
Q1 2026 INVESTOR PRESENTATION 20 May 2026 | Results & Business Update
Slide 3: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer Certain statements in this presentation may constitute forward-looking statements. These statements reflect the Company's expectations and are subject to risks and uncertainties that may cause actual results to differ materially. Past performance is not indicati
Slide 4: Agenda
AGENDA 01 COMPANY OVERVIEW 04 BUSINESS UPDATES 02 KEY HIGHLIGHTS 05 OUTLOOK 03 FINANCIAL RESULTS 06 KEY PROPERTIES
Slide 5: Company Overview
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Slide 6: Company Overview: Our Integrated Platform
Company Overview OUR INTEGRATED PLATFORM 1972 KD 549M Development Year Established Total Asset Base Land acquisition · master planning · development · management First RE company listed on Boursa Kuwait As of Q1 2026 · across 4 markets Property & Facility Management Commercial & residential assets U
Slide 7: Q1 2026 Key Highlights
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Slide 8: Q1 2026 Key Highlights
Q1 2026 Key Highlights REVENUE GROSS INCOME TOTAL PROFIT (GROUP) NET PROFIT (ATTR.) EPS (FILS) KD 23.8M KD 11.5M KD 8.4M KD 6.4M 5.32 +151% +71% +60% +60% +37% vs KD 9.5M Q1 2025 48.3% gross margin vs KD 5.3M Q1 2025 vs KD 4.0M Q1 2025 vs 3.88 fils Q1 2025 DEVELOPMENT MILESTONE KUWAIT PORTFOLIO Al T
Slide 9: Financial Results
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Slide 10: Q1 2026 Income Statement
Q1 2026 Income Statement All figures in (KD Million) Revenue Gross Income +151.2% +71.3% 23.8 11.5 6.7 9.5 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Gross Margin Net Profit +59.8% 70.8% 6.4 48.3% 4.0 Q1 2025 Q1 2026 Q1 2025 Q1 2026 AQARAT · Q1 2026 Investor Presentation
Slide 11: Balance Sheet Snapshot
Balance Sheet Snapshot All figures in (KD Million) Total Assets Total Debt Total Equity (parent) +14.5% +4.9% +20.1% 549.1 229.0 240.3 220.3 479.4 183.4 Mar-25 Mar-26 Mar-25 Mar-26 Mar-25 Mar-26 Return on Assets1 Return on Equity1 Debt to Assets 4.7% 10.4% 47.8% 43.8% 3.4% 8.0% Mar-25 Mar-26 Mar-25
Slide 12: Financial Snapshot — Quick Reference
Financial Snapshot — Quick Reference FY 2025 Audited & Q1 2026 Unaudited Metric Q1 2026 Q1 2025 FY 2025 FY 2024 Q1 YoY INCOME STATEMENT Revenue (KD) 23,837,116 9,490,308 39,421,329 34,862,514 +151% Gross Income (KD) 11,511,318 6,718,586 24,322,601 22,592,603 +71% Gross Margin 48.3% 70.8% 61.7% 64.8%
Slide 13: Business Updates
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Slide 14: Q1 2026 Progress Update
Q1 2026 Progress Update Al Tay Hills 6% Completion Sabhan BOT 95% Completion Domus 5 86% Completion Sharjah · UAE Sabhan · Kuwait Dubai Production City · UAE VALUE DELIVERY VALUE DELIVERY VALUE DELIVERY AED 3B 2028 40,000 sqm Q2 2026 550 Modules Q2 2026 1,100 villas & townhouses - 99% pre-sold 16 re
Slide 15: Outlook & Catalysts
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Slide 16: Outlook — Near-Term Catalysts
Outlook — Near-Term Catalysts A clear line-of-sight on value-creating events through 2028 Q2 2026 Sabhan BOT Handover Q2 2026 Domus 5 Completion Imminent delivery of 16 residential complexes (3,000 workers) and 2 commercial complexes in Kuwait. Dubai staff housing asset finalizes finishing works. Ad
Slide 17: Key Assets Portfolio
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Slide 18: AQARAT Key Properties: Kuwait
AQARAT Key Properties KUWAIT Souk Al-Kuwait & Souk Al-Kabir Pearl Marzouq Units Floors Units Plot Size 841 & 557 12 & 13 161 9,026 sqm The first BOT ever in existence in Kuwait, Souk Al- Located along the green lawn and promenade Kuwait, was conceived of and developed by of the Scientific Center ove
Slide 19: AQARAT Key Properties: Kuwait
AQARAT Key Properties KUWAIT Arabella Beach Hotel & Complex Al Riggae Hotel & Complex Hotel Keys Plot Size Units Plot Size 191 11,060sqm 338 14,125 sqm Located adjacent to The Palms and SAS hotels AQARAT’s development team delivered the new on the Al-Bidaa coast strip, Arabella features project, a 2
Slide 20: AQARAT Key Properties: Kuwait
AQARAT Key Properties KUWAIT Pearl Marzouq Block 107, Riggae 84-87 Riggae Units Plot Size Units Plot Size Units Plot Size 161 9,026 sqm 197 6,000 sqm 151 4,000 sqm Ibn Khaldoun Al Maseel Pearl Fintas Units Plot Size Units Plot Size Units Plot Size 187 3,227 sqm 75 897 sqm 113 3,544 sqm
Slide 21: AQARAT Key Properties: UAE
AQARAT Key Properties UAE Al Tay Hills Domus Staff Housing Units Plot Size Units Plot Size 1,100 557,418 sqm 561 21,501 sqm Al-Tay Hills is AQARAT’s largest residential Domus is a purpose-built staff housing development in its history- a AED 3.5 billion community strategically located within 25 mast
Slide 22: AQARAT Key Properties: UAE
AQARAT Key Properties UAE Th8 Palm Dubai Beach Resort Fairmont Hotel ,The Palm Units Keys Units Plot Size 110 162 10 1,960 sqm Th8 is a Vignette Collection Hotel by IHG, inspired Aqarat owns a portfolio of units in Fairmont by Miami’s cool, chic lifestyle. Located on the Hotel, The Palm. Situated on
Slide 23: AQARAT Key Properties: USA
AQARAT Key Properties USA Yotel Miami Yotel New York Units Plot Size Units Plot Size 428 14,903 sqm 713 11,736 sqm The Project consists of a 48- story LEED Silver The YOTEL development consists of 713 rooms in building containing 213 hotel rooms and the heart of Manhattan, New York City. The approxi
Slide 24: Contact Us
CONTACT US Kuwait Real Estate Company K.P.S.C. (AQARAT) Souk Al Kuwait Building Block B, 8th Floor Tel :+965 1828 999 Fax:+965 2241 8154 Investor.relations@aqarat.com.kw Website: www.aqarat.com.kw
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