Sawaeed Holding

1. Company Overview & Earnings Context

Sawaeed Holding PJSC is an Abu Dhabi-based diversified holding company operating across manpower outsourcing, facilities management, real estate investment and management, labour accommodation, catering, and training services. The company is listed on the ADX Growth Market and operates primarily within the UAE.

For H1 2026, Sawaeed Holding delivered solid financial growth, supported by higher revenues, improved gross profit, and increased profitability. Management reaffirmed its commitment to accelerating the development of the group's businesses to achieve sustainable long-term growth.

2. Financial Performance Snapshot

• Revenue: AED 224.5 Million (+15.7% YoY)

• Gross Profit: AED 70.0 Million (+26.1% YoY)

• General & Administrative Expenses: AED 24.1 Million (+21.4% YoY)

• Profit Before Tax: AED 47.3 Million (+11.5% YoY)

• Income Tax Expense: AED 6.4 Million (+1.0% YoY)

• Net Profit: AED 40.9 Million (+13.4% YoY)

• Basic & Diluted EPS: AED 0.80 (vs. AED 0.71 in H1 2025)

Compared with H1 2025:

• Revenue increased from AED 194.0 million to AED 224.5 million.

• Gross profit increased from AED 55.5 million to AED 70.0 million.

• Profit before tax increased from AED 42.4 million to AED 47.3 million.

• Net profit increased from AED 36.1 million to AED 40.9 million.

• Earnings per share improved from AED 0.71 to AED 0.80.

3. Operational Highlights & Key Metrics

• Total Assets: AED 411.0 Million

• Total Equity: AED 273.0 Million

• Total Liabilities: AED 138.0 Million

• Cash & Cash Equivalents: AED 77.5 Million

• Bank Deposits: AED 36.4 Million

• Operating Cash Flow: AED 41.7 Million

• Manpower Services Revenue: AED 209.1 Million

• Leasing Income: AED 11.4 Million

• Food & Catering Revenue: AED 3.2 Million

• Dividend Approved: AED 105.0 Million (AED 2.055 per share)

4. Key Performance Drivers

The group's H1 2026 performance was driven primarily by continued growth in its core manpower services business, which remained the largest contributor to revenue. Leasing income also recorded a significant increase, while food and catering revenues expanded from the previous year. Higher gross profit reflected improved operating performance, although administrative expenses increased as the business continued to expand. The company also benefited from a reversal of expected credit losses, partially offset by an impairment charge on investment property during the period.

5. Outlook & Forward Guidance

Management reaffirmed its commitment to accelerating the pace of development across the company's business operations and activities to deliver sustainable growth. The group remains focused on strengthening its diversified businesses while pursuing long-term value creation across its operating segments.

6. Investor Takeaway

Sawaeed Holding delivered a solid H1 2026 performance, reporting double-digit growth in revenue, gross profit and net profit while maintaining a strong balance sheet and healthy cash position. Continued growth in its manpower and leasing businesses, together with positive operating cash flow and a substantial dividend distribution, reflects the company's stable operating performance and focus on sustainable long-term growth.