Emirates Mobility Company

1. Company Overview & H1 2026 Performance

Emirates Mobility delivered a resilient H1 2026 performance as it continued its transformation from a traditional driver training company into an integrated mobility platform. Revenue increased despite a challenging operating environment, while profitability remained strong. During the period, the company expanded its presence across public transportation, logistics, limousine services, EV charging infrastructure, and smart mobility initiatives, while maintaining a solid financial position with AED 761 million in cash and bank balances.

2. Financial Performance Snapshot

• Revenue: AED 360.6M (+2.1% YoY)

• Gross Profit: AED 226.1M (-0.6% YoY)

• EBITDA: AED 185M (-4% YoY)

• Profit Before Tax: AED 167.7M (-9.1% YoY)

• Income Tax Expense: AED 23.0M

• Net Profit: AED 144.7M (-8.9% YoY)

• Basic EPS: AED 0.13 (vs AED 0.14 in H1 2025)

Compared with H1 2025:

• Revenue increased from AED 353.3M to AED 360.6M

• Gross profit remained broadly stable at AED 226M

• Profit before tax declined from AED 184.4M to AED 167.7M

• Net profit declined from AED 158.9M to AED 144.7M

3. Operational Highlights & Key Metrics

• Total Assets: AED 1.94B

• Total Equity: AED 1.43B

• Cash & Bank Balances: AED 760.8M

• Property & Equipment: AED 311.0M

• Investment in Associate: AED 321.8M

• Intangible Assets & Goodwill: AED 279.4M

• Total Liabilities: AED 510.0M

During H1 2026, Emirates Mobility:

• Successfully rebranded from Emirates Driving Company to Emirates Mobility.

• Changed its ADX ticker from DRIVE to EMOBILITY.

• Shares reached a new all-time high of AED 4.00, up approximately 38% year-on-year.

• Continued expanding into an integrated mobility ecosystem beyond driver training.

4. Key Performance Drivers

Revenue growth was driven by continued expansion across the Group's diversified mobility businesses. Profitability moderated mainly because H1 2025 included several one-off income items that did not recur in 2026, including rental income, gains from property disposals, and higher fair value gains on investments. Administrative expenses also increased due to a one-time accrual expected to reverse by year-end, while the company continued investing in future growth initiatives.

5. Strategic Highlights & Outlook

Emirates Mobility continued executing its long-term transformation strategy by:

• Expanding beyond driver training into integrated mobility services.

• Receiving ESG 1000 and MSI 20000 certifications.

• Signing strategic mobility partnerships including ChargePoint × ROX UAE and K2 × Mwasalat.

• Showcasing innovation at Make it in the Emirates 2026.

• Announcing the planned acquisition of a 51% stake in Performise Labs to strengthen AI and technology capabilities.

Management believes its strong balance sheet, diversified business model, continued investment in innovation, AI, EV infrastructure and smart mobility position the Group well for sustainable long-term growth.

6. Investor Takeaway

Emirates Mobility delivered another solid set of results while successfully transforming into a broader mobility platform. Although reported profit declined due to the absence of one-off gains recorded last year, underlying operations remained resilient with higher revenue, stable gross profit, a strong cash position, and continued investment in future growth. The company's expanding mobility ecosystem, strategic partnerships, and successful rebranding continue to strengthen its long-term growth outlook.