Baladna Q.p.s.c · QSE:BLDN
Baladna Q.p.s.c — H1 2026 Earnings Presentation
32 slides from Baladna Q.p.s.c's earnings presentation, Jun 30, 2026
Slide 1: H1 2026 Financial Results Presentation
\ BALADNA Q P. S. on | HL 2026 Financial Results Presentation 30 June 2026
Slide 2: Disclaimer
Disclaimer This presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons"). Any person who is not a relevant person should not act or rely on this presentation or any of its contents Information contained in this prese
Slide 3: Table of Contents
Table of Contents Key Highlights Financial Performance Commercial Update Management Outlook Shareholder Information Appendix
Slide 4: Highlights
Highlights
Slide 5: Baladna: Pioneering growth in Qatar's dairy & beverage industry
Baladna: Pioneering growth in Qatar's dairy & beverage industry Established in 2014, Baladna is Qatar's leading dairy and beverage company, with a diversified product offering, best-in class fa ies and a self-sufficient farm with breeding capabilities to accelerate future growth. Baladna is an integ
Slide 6: Creating Long-Term Value Through Global Expansion, Operational Excellence and Innovation
Creating Long-Term Value Through Global Expansion, Operational Excellence and Innovation Market leader in the Dairy and Beverages sector in #1 position across 6 categories... ren ue Yoshurt er Zz ae § tatan—fegeans A ..With solid growth opportunity across _the other 2 categories rs SEE cheese = @s J
Slide 7: 2026 Strategic highlights
2026 Strategic highlights ALGERIA Phase II execution accelerates — USD 635M in contracts signed and integrated farm build-out underway CONTRACTS & LIVESTOCK INFRASTRUCTURE & FARMS — Phase Il contracts signed, exceeding USD 635 million, — Groundwater/irrigation expanded; arable farming begun (corn, —
Slide 8: Strengthening the Capital Base Through a Successful Rights Issue
Strengthening the Capital Base Through a Successful =) Rights Issue The 25% Rights Issue strengthens Baladna's capital base and enhances financial flexibility to support the Company's long-term domestic and international growth strategy. RIGHTS ISSUE OVERVIEW STRATEGIC USE OF PROCEEDS © Bignts Issue
Slide 9: Baladna Algeria - Project Overview
Baladna Algeria- Project Overview Key Operational & Financing Indicators Arable Farm Dairy Farm Milk Powder Production Development of land and irrigation Establish a herd of high genetic —~é Dehydrating the milk produced to system to cultivate fodder and Holstein cows to produce top =e process Parti
Slide 10: Baladna Syria - Project Overview
JOBS & ECONOMIC FOOD SECURITY CONSTRUCTION INITIATED DEVELOPMENT Strengthening domestic dairy production Construction began on the new manufacturing 2,000+ direct and 18,000+ indirect jobs and reducing import reliance facility in Adra Industrial City following completion of key design, land consolid
Slide 11: Financial Performance
Financial Performance
Slide 12: Financial Performance (H1 2026): Steady financial growth
) Financial Performance (H1 2026): Steady financial growth Key Financial Highlights Revenue (QAR) 643m 659m H1 2025 H1 2026 Net Profit* (QAR and Margin) 365 380 52% 334 330 280 230 180 H1 2025 H1 2026 *Net profit excludes the non-controlling interest Investor Presentation A2.6% YoY growth = Supporte
Slide 13: Financial Performance (Q2 2026): Strong financial growth
) Financial Performance (Q2 2026): Strong financial growth Key Financial Highlights Revenue (QAR) - [ Q2 2025 Q2 2026 Net Profit* (QAR and Margin) 92% 303 om - oo Q2 2025 Q2 2026 *Net profit excludes the non-controlling interest Investor Presentation A5.6% YoY growth = Supported by strong demand acr
Slide 14: Quarterly net profit trends
326 330 329 282 312 329 Q4 2025 Q1 2026 Q2 2026 Q2 2024 Q2 2025 Q2 2026 303 273 303 158 61 52 Q4 2025 Q1 2026 Q2 2026 Q2 2024 Q2 2025 Q2 2026
Slide 15: Net profit bridge
242.3 (12.9) 254.5 5.1 55% 52% (12.0) +12% 331.2 361.9 22.6 (10.1) 101.8 114.3 2025 Investment Finance cost on 2025 Profit from Operational Compensation 2026 Profit from Investment Finance cost on Dividend 2026 Net profit securities Investment securities operations performance operations securities
Slide 16: Baladna leading regional peers in profitability
Baladna leading regional peers in profitability ) EBITD. gins ( Baader 72.2: Egypt Peer | 15.9% (Median: 15.8%) Source: SP Capital 1 Baladna data for the H1. 2026. Data shown for peers as standardized by S&P Capital IQ and based on Q1 2026 reported financials Investor Presentation Saladna ee 55.57 E
Slide 17: Strong revenues driven by Retail channel strength
) Strong revenues driven by Retail channel strength Channel wise revenue co ution (H1 2026) HORECA 36% 237m Retail-KA 40% 265m Retail-TT zen Other Revenue 29m Note: “Other revenue" includes livestock sales, detergent sales, compost and manure sales, plastic sales, and other sales. Retail-KA: Retail
Slide 18: 27 28 - 12 11 9 3 3
643 659 147 145 139 145 83 86 69 61 47 55 54 40 36 31 35 36 27 28 - 12 11 9 3 3
Slide 19: 500.0 (25.7) 400.0 10.2 300.0 217.0 200.0 100.3 100.0 208.2 - (886.3) (100.0) (200.0)
500.0 (25.7) 400.0 10.2 300.0 217.0 200.0 100.3 100.0 208.2 - (886.3) (100.0) (200.0) 576.8 (300.0) (400.0) (500.0) (600.0)
Slide 20: Commercial Update
Commercial Update
Slide 21: Leading market share in core Qatar market
Leading market share in core Qatar market Market Segmentation Fresh Milk — UHT Milk Creams Chilled Juice Market Share 2026 89.8% 88.7% 47.8% 46.2% 33.9% 22.7% 67.4% 35.7% 5.1% Key Insight Retained Retained Retained Retained Retained Remains a Retained Remains a Remains a strong #1 strong #1 strong #
Slide 22: Management Outlook 2026
Management Outlook 2026
Slide 23: Management Outlook for 2026
Management Outlook for 2026 International Expansion = Advancing execution across Algeria and Syria while progressing strategic partnerships to support long-term international growth = Evaluating additional regional opportunities to expand Baladna’‘s international footprint and diversify future reven
Slide 24: Shareholder Information
Shareholder Information
Slide 25: YTD Share price performance versus QSE
1.500 YTD Share price performance versus QSE 1.450 1.400 1.350 1.300 1.303 +1.9% 1.2501.279 1.200 1.217 -4.8% 1.150 1.100 1.050 1.000 31-Dec-25 31-Jan-26 28-Feb-26 31-Mar-26 30-Apr-26 31-May-26 30-Jun-26 Baladna QE Index (rebased with Baladna Share Price)
Slide 26: Appendix
Slide 27: Interim consolidated statement of profit or loss — Q2 2026
Appendix Interim consolidated statement of profit or loss — Q2 2026 QAR m Q2 Q2 2025 Revenue 329.4 100% 312.0 100% 5.6% Cost of revenue (245.5) -75% (232.5) -75% 6% Gross profit 83.9 25.5% 79.5, 25.5% 5.6% Other income 25.1 8% 221 7% 14% Gain from Investment Securities 254.5 77% 2314 74% 10% General
Slide 28: Interim consolidated statement of profit or loss — H1 2026
Appendix Interim consolidated statement of profit or loss — H1 2026 QAR m H1 2026 H1 2025 Revenue 659.4 100% 642.5 100% 2.6% Cost of revenue (469.2) -71% (476.0) 74% -14% Gross profit 190.2 29% 166.6 26% 14.2% Other income 42.0 6% 44.2 7% 4.9% Gain from Investment Securities 254.5 39% 242.3 38% 5.0%
Slide 29: Interim consolidated statement of financial position as of 30 June 2026
Appendix fe) Interim consolidated statement of financial Position as of 30 June 2026 Jun-26 Dec-25 Growth Jun-26 Dec-25 Growth Fixed assets 3,470 3,286 6% Islamic financing 2,473 1,939 28% Biological assets 196 194 1% Other non-current liabilities 120 109 10% Financial assets at FVTPL 1,304 994 31%
Slide 30: BoD Members and Senior Management Team
Appendix BoD Members Moutaz Al- Ali Hilal Al- Ramez Al- Hamad Bin Abdulaziz Mazen Alsbeti Sheikh Suhaim Bin Nasser Hassan Aidan Tynan Khayyat Kuwari Khayyat Abdullah Bin Khalid © Mahmoud Al- Board Member AbdulAziz Al Thani Al Ansari Independent Board Group Chairman Vice Chairman Board Member/ Al-Att
Slide 31: Glossary
Appendix Glossary EBITDA Earnings Before Interest, Tax, Depreciation and Amortization EPS Earnings Per Share HORECA Hotels, Restaurants and Catering NP Net Profit NPD New Product Development SKU Stock Keeping Unit UHT Ultra-High Temperature Retail-KA Retail key accounts that represents major custome
Slide 32: Thank You
THANK YOU Q, +974 4035 8888 {281 baladna.com DX] [email protected] (Investor Relations) [email protected] (General Info) [email protected] (Quality Complaints)