Akdital (AKT) investor relations material

Executive summary

• H1 2026 revenue rose 21% YoY to MAD 2,532m; EBITDA increased 19% to MAD 634m and net income rose 20% to MAD 252m.

• The Moroccan network reached 45 facilities, 4,864 beds and 25 cities; admissions rose 15% to 590,842.

• Expansion advanced in Morocco and Saudi Arabia, where Riyadh and Makkah hospitals began operations in September 2026.

Financial highlights

• Revenue grew 21% YoY to MAD 2,532m; like-for-like growth was 6% for facilities opened in 2024 or earlier.

• EBITDA increased 19% to MAD 634m, EBIT rose 26% to MAD 403m and net income grew 20% to MAD 252m, including MAD 225m attributable to owners.

• Gross margin improved to 64.5% from 62.9%; higher salaries and rent limited EBITDA margin to 25.0%, down 0.4 percentage points YoY.

• Workforce totaled 10,256 at June-end, versus 8,530 in H1 2025.

Outlook and guidance

• By 2028, the Moroccan network is planned to reach 59 facilities, 6,005 beds and 29 cities; the 2026–2028 pipeline includes 18 facilities and more than 1,500 beds.

• The 2030 international objective is 2,000 beds across 15 facilities in Tunisia, Saudi Arabia and the UAE; 1,578 beds and 11 facilities were identified.

• Riyadh and Makkah hospitals are expected to contribute increasingly from H2 2026; Jeddah and Dubai projects are continuing.