Earnings release
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1 | ADES Holding Company • • • • •
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2 | ADES Holding Company • • • • •
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3 | ADES Holding Company • • • • • • • • • • • o . 67.5% 14.8% 1.8%3.0%1.7% 2.6%4.8%0.7%2.5% 0.6% Backlog by Geography (1Q 2025) KSA Kuwait Egypt Qatar India Indonesia Thailand Malaysia Algeria Nigeria SAR26.9bn (vs. SAR 28.27bn in FY 2024) 75% Offshore 74% Firm 25% Onshore 26% Option 26.9 26.9 1Q 2025 1Q 2025 Backlog Composition 1Q 2025 (SAR bn)
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5 | ADES Holding Company • • • • • • • 78.6% 81.5% 21.4% 18.5% 1,532 1,470 1Q 2024 1Q 2025 Revenue (SAR mn) Offshore Onshore 61% 9% 8% 5% 4% 4% 9% Revenue by Geography KSA Egypt Kuwait Qatar India Algeria & Tunisia Southeast Asia SAR1.47bn (1Q 2025)
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6 | ADES Holding Company • • • • • • • 752.9 816.3 49.1% 55.5% 1Q 2024 1Q 2025 EBITDA (SARmn / Margin) 201 197 13.1% 13.4% 1Q 2024 1Q 2025 Net Profit (SARmn / Margin)
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