Baladna (BLDN) investor relations material

Executive summary

• Achieved strong financial and operational performance in H1 2026, with revenue up 2.6% year-over-year to QAR 659.4 million and net profit rising 10.2% to QAR 365 million, driven by core dairy, product innovation, and international expansion in Algeria and Syria.

• Maintained leading market share in Qatar across key dairy and beverage categories, supported by new product launches and renewal of key government contracts.

• Advanced international projects with construction underway in Algeria and Syria, and signed major contracts and strategic MoUs for global farming collaboration.

• Completed a 25% rights issue, raising QAR 536–541 million to strengthen the capital base and support domestic and regional growth.

• Gross profit and margins improved, reflecting effective cost management despite regional logistics challenges.

Financial highlights

• H1 2026 revenue: QAR 659.4–660 million (+2.6% YoY); net profit: QAR 364.6–365 million (+10.2% YoY); gross profit: QAR 119.2–194.3 million.

• EBITDA grew 7.5% to QAR 444–477.6 million; EBITDA margin improved to 67–72.4%.

• Net profit margin increased to 54.9–55.3%; gross margin expanded to 28.8–29.5%.

• Earnings per share for H1 2026: QAR 0.170 (+10% YoY).

• Total assets as of June 2026: QAR 7.15 billion (+17% vs Dec 2025).

Outlook and guidance

• Focus on strengthening domestic leadership, disciplined international expansion, and sustainable value creation, with rights issue proceeds funding growth in Qatar and regional dairy/agriculture projects.

• Management is monitoring regional conflict impacts, with government support measures in place.

• Continued commitment to product innovation, operational efficiency, and sustainability.