EZDAN (ERES) investor relations material

Executive summary

• Net profit for Q1 2026 rose to QAR 225 million from QAR 153 million in Q1 2025, a 47% increase, with EPS up to QAR 0.008 and comprehensive income reaching QAR 227 million, driven by lower finance costs, higher rental income, and increased other income.

• Operating profit from main operations increased to QAR 397 million from QAR 386 million year-over-year.

• Revenue rose to QAR 490 million, compared to QAR 467 million in the prior year quarter.

• Strong cash flow from operations and asset sales contributed to a significant increase in cash balances.

Financial highlights

• Rental income increased by QAR 14 million to QAR 457 million, up 3.1% year-over-year.

• Finance costs decreased by QAR 65 million to QAR 153 million, a 29.9% reduction.

• Net profit margin improved from 47% to 53% due to reduced finance costs.

• Cash and bank balances rose to QAR 734 million from QAR 511 million, a 44% increase.

• Net cash flows from operating activities were QAR 354 million, up from QAR 339 million.

Outlook and guidance

• Management highlighted significant uncertainty in the current environment, with evolving conditions making future outlook unclear, but remains committed to asset sales to enhance liquidity and expects further disposals within 12 months.