Aldar Properties (ALDAR) investor relations material

Executive summary

• Revenue rose 8% year-over-year to AED 16.8 billion in H1 2026, with EBITDA up 19% to AED 6.3 billion and net profit after tax up 18% to AED 4.9 billion, driven by development backlog execution, recurring income, and cross-platform growth.

• Earnings per share increased 17% to 53 fils (AED 0.53).

• Total assets grew to AED 125.52 billion as of 30 June 2026.

• Strategic focus on prudent capital deployment, robust liquidity, and diversification through new project launches, acquisitions, and joint ventures in the UAE, Egypt, and UK.

• Major new projects launched include Marsa Al Saadiyat (AED 100 billion GDV) and Yas Point (AED 6 billion), with launches commencing in H2.

Financial highlights

• H1 2026 revenue: AED 16.8 billion (+8% YoY); EBITDA: AED 6.3 billion (+19% YoY); net profit after tax: AED 4.9 billion (+18% YoY); gross profit: AED 6.25 billion (+17% YoY).

• Group development sales declined 34% YoY to AED 12.1 billion, with UAE sales at AED 9.4 billion (-46% YoY); backlog at AED 71.6 billion.

• Aldar Investment revenue up 12% YoY to AED 4.2 billion; adjusted EBITDA up 18% to AED 1.8 billion; AUM at AED 56 billion.

• Basic and diluted EPS for the period was AED 0.529.

• Group liquidity stood at AED 37.1 billion, with AED 16.8 billion in cash and AED 20.3 billion undrawn facilities.

Outlook and guidance

• Full-year 2026 group development sales guidance revised down to AED 30–34 billion from AED 45–49 billion, reflecting launch timing and product mix.

• Group adjusted EBITDA guidance revised to AED 12.3–12.7 billion, still representing strong growth over last year.

• Aldar Development EBITDA guidance revised to AED 8.9–9.3 billion; gross profit margin guidance for UAE development unchanged at 37–39%.

• Aldar Investment adjusted EBITDA guidance unchanged at AED 3.5–3.9 billion.

• Management remains confident in operational resilience and will provide updated medium-term guidance with FY 2026 results.