Hily Holding

1. Company Overview & Earnings Context

Hily Holding PJSC is an Abu Dhabi Securities Exchange (ADX)-listed investment holding company with a diversified portfolio spanning real estate, listed equities, hospitality, food distribution and other strategic investments. During H1 2026, the Group delivered resilient profitability despite softer investment income, supported by higher rental income from investment properties, stronger contributions from associates and continued balance sheet growth. The company also maintained a solid liquidity position while continuing to invest in its long-term real estate and investment portfolio.

2. Financial Performance Snapshot

• Revenue: AED 24.92 Million (-20.6% YoY)

• Rental Income: AED 19.91 Million (+8.4% YoY)

• Profit Before Tax: AED 24.12 Million (-9.4% YoY)

• Net Profit: AED 25.44 Million (-2.8% YoY)

• Total Comprehensive Income: AED 19.44 Million (-39.6% YoY)

• Earnings Per Share (EPS): AED 0.21 (vs. AED 0.22 in H1 2025)

Compared with H1 2025:

• Revenue declined 20.6% to AED 24.92 million.

• Rental income increased 8.4% to AED 19.91 million.

• Profit before tax declined 9.4% to AED 24.12 million.

• Net profit declined 2.8% to AED 25.44 million.

• Total comprehensive income declined 39.6% to AED 19.44 million.

• Earnings per share decreased from AED 0.22 to AED 0.21.

3. Operational Highlights & Key Metrics

• Total Assets: AED 1.22 Billion

• Total Equity: AED 705.42 Million

• Investment in Waha Capital: AED 450.92 Million

• Investment Properties: AED 269.52 Million

• Cash & Cash Equivalents: AED 51.48 Million

• Property, Plant & Equipment: AED 116.28 Million

• Investment Securities at Fair Value: AED 151.38 Million

• Net Cash Generated from Operating Activities: AED 3.39 Million

4. Key Performance Drivers

Hily Holding's H1 2026 performance was supported by higher rental income from its investment property portfolio and stronger earnings from associates, particularly its investment in Waha Capital. The Group also benefited from an impairment reversal on its associate investment. However, lower fair value gains and reduced investment income from financial assets, together with weaker revenue from contracts with customers, moderated overall profitability compared with the previous year.

5. Outlook & Forward Guidance

Management stated that the Group continues to operate normally despite ongoing regional geopolitical developments, with no material impact on its financial position or liquidity. Hily Holding remains focused on expanding its investment property portfolio, maintaining adequate funding resources and pursuing long-term value creation through its diversified investment strategy.

6. Investor Takeaway

Hily Holding delivered a resilient first-half performance despite a softer investment environment. Supported by growing recurring rental income, strong associate contributions, a solid balance sheet and continued investment in strategic assets, the Group remains well positioned to create sustainable long-term value for shareholders.