Oman & Emirates Investment Holding Co

1. Company Overview & Earnings Context

Oman & Emirates Investment Holding Company SAOG (O&E / OEIH) reported preliminary financial results for the period ended 30 September 2026. The disclosure provides results for both the Group and the Parent Company.

The period represented a significant deterioration in profitability. The Group recorded a net loss attributable to owners of the Parent of RO 1.635 million, compared with a net profit of RO 1.419 million in the comparative 2025 period. The Parent Company separately recorded a net loss of RO 1.414 million versus a net profit of RO 1.774 million.

Importantly, the company changed its financial year-end from 31 December to 31 March. Consequently, the current interim results cover the second quarter ended 30 September 2026, whereas the comparative figures relate to the third quarter ended 30 September 2025 under the previous reporting cycle.

2. Financial Performance Snapshot

Group

• Total Income: RO 0.735 Million vs. RO 3.448 Million (-121%)

• Total Expenses: RO 0.893 Million vs. RO 2.485 Million (-64%)

• Net Loss After Tax: RO 1.628 Million vs. RO 0.963 Million Net Profit

• Loss Attributable to Owners of Parent: RO 1.635 Million vs. RO 1.419 Million Profit

• Non-Controlling Interests: RO 0.007 Million Profit vs. RO 0.456 Million Loss

Parent Company

• Total Income: RO -0.931 Million vs. RO 2.466 Million

• Total Expenses: RO 0.483 Million vs. RO 0.692 Million (-30%)

• Net Loss After Tax: RO 1.414 Million vs. RO 1.774 Million Net Profit

• Loss Attributable to Parent: RO 1.414 Million vs. RO 1.774 Million Profit

The principal weakness was on the income side. Group income dropped sharply from RO 3.448 million to RO 0.735 million, while the Parent Company reported negative income of RO 0.931 million. Although expenses declined materially, the reduction was insufficient to offset the deterioration in income.

3. Operating Performance & Major Programs

The preliminary financial-results disclosure does not provide detailed information on individual operating segments, investment projects, portfolio companies or major programs.

Based strictly on the disclosed figures, Group expenses declined substantially to RO 0.893 million from RO 2.485 million, while Parent expenses decreased to RO 0.483 million from RO 0.692 million.

However, the improvement in the expense base was outweighed by the significant reduction in income, resulting in losses at both Group and Parent levels.

No additional operational milestones or project-level developments were disclosed in the uploaded document.

4. Key Performance Drivers

The major driver behind the earnings deterioration was the sharp reduction in reported income.

At Group level, total income declined from RO 3.448 million to RO 0.735 million. At Parent level, the movement was even more significant, shifting from positive income of RO 2.466 million to negative RO 0.931 million.

Expense reductions provided some mitigation. Group expenses fell 64% to RO 0.893 million, while Parent expenses declined 30% to RO 0.483 million. Nevertheless, these savings were not sufficient to prevent the movement from profit to loss.

As a result, the Group moved from a RO 0.963 million net profit after tax in the comparative period to a RO 1.628 million net loss, while the Parent moved from RO 1.774 million profit to a RO 1.414 million loss.

The disclosure does not provide a detailed breakdown explaining the underlying causes of the income decline, such as investment fair-value movements, dividend income, associate performance or other investment-related factors. Therefore, the exact operational or accounting driver behind the income deterioration cannot be determined from this document alone.

5. Balance Sheet, Investments & Cash Flow

The uploaded preliminary results announcement does not provide a balance sheet, cash-flow statement or investment portfolio breakdown.

Accordingly, figures for the following are not disclosed:

• Total Assets: Not disclosed

• Total Liabilities: Not disclosed

• Total Equity: Not disclosed

• Cash & Cash Equivalents: Not disclosed

• Investment Portfolio: Not disclosed

• Operating Cash Flow: Not disclosed

• Borrowings/Debt: Not disclosed

A fuller assessment of OEIH's financial position, liquidity, leverage and investment portfolio will therefore require the complete interim financial statements.

The company also states that these results are provisional, subject to audit review and approval by the Audit Committee and Board of Directors.

6. Investor Takeaway

OEIH's preliminary September 2026 results indicate a material deterioration in earnings, driven primarily by a sharp decline in income rather than higher expenses.

The Group moved from a RO 0.963 million net profit after tax to a RO 1.628 million net loss, while the loss attributable to owners of the Parent reached RO 1.635 million, compared with a RO 1.419 million profit in the comparative period.

The Parent Company showed a similarly significant reversal, moving from RO 1.774 million profit to a RO 1.414 million loss. Cost reductions were meaningful—Group expenses declined 64% and Parent expenses fell 30%—but could not compensate for the weakness in income.

Investors should also be careful when interpreting the YoY comparison because OEIH changed its financial year-end from 31 December to 31 March. The September 2026 figures therefore represent the second quarter under the new reporting cycle, whereas September 2025 represented the third quarter under the previous cycle.

The most important points to monitor in the full financial statements will be the reason for the sharp income decline, investment and associate performance, fair-value movements, balance-sheet liquidity, debt levels, cash flow and whether the preliminary losses change following audit review.