On a like-for-like basis, revenue increased by 0.5% year-on-year, supported by stronger leasing performance and higher visitor traffic across the portfolio. Footfall increased by 11.6% to 35.3 million visitors compared to Q2-25, underscoring the continued appeal of Cenomi Centers’ retail destinations.

The reported 2.3% decrease in revenue primarily reflects portfolio changes in the comparable period and does not reflect the underlying growth of the operating portfolio.

The net profit was positively improved by an 89.5% reduction in impairment losses on accounts receivable, related parties and accrued revenue, which decreased to SAR 7.7 million in Q2-26, compared to SAR 73.9 million in Q2-25.

The decrease in net profit was mainly driven by:

• Higher net finance costs of SAR 221.2 million in Q2-26, compared to SAR 147.8 million in Q2-25.

• Lower net fair value gains on investment properties of SAR 251.2 million in Q2-26, compared to SAR 280.6 million in Q2-25.

The decrease primarily reflects lower media revenue due to seasonality, which was partially offset by higher utilities and other revenue.

This strong improvement was primarily driven by the increase in net fair value gain on investment properties, and lower impairment losses.

On a like-for-like basis, revenue increased by 2.7% year-on-year, with underlying performance supported by footfall growth of 6.8% to a record 70.0 million visitors.

The reported 1.8% decrease primarily reflects portfolio changes in the comparable period and does not reflect the underlying growth of the operating portfolio.

The net profit was positively improved by a 73.0% reduction in impairment losses on accounts receivable, related parties and accrued revenue, which decreased to SAR 41.5 million in H1-26, compared to SAR 153.5 million in H1-25. As a result, operating profit increased by 2.0% to SAR 1,051.4 million despite the decline in net profit.

The decrease in net profit was mainly driven by:

• Higher net finance costs of SAR 436.6 million in H1-26 compared with 310.4 million in H1-25.

• Other operating income decreased to SAR 8.1 million, as the comparable period included gains on sale of Al Kharj land and Sahara Plaza.

• General and administrative expenses increased to SAR 179.0 million, primarily due to the increase in professional expenses and fund management fees.

• Advertisement and promotional expenses increased to SAR 21.9 million, compared to SAR 7.2 million, primarily due to increased marketing and brand activity across the portfolio.

We draw attention to note 22 to the interim condensed consolidated financial statements, which describes the legal claims filed by a counterparty. As disclosed in the note, the ultimate outcome of these matters cannot presently be reliably estimated. The auditor’s conclusion is not modified in respect of this matter.

• Like-for-like footfall reached to 70.0 million visitors in H1-26, increasing by 6.8% year-on-year. In Q2-26, the Company welcomed 35.3 million visitors compared with 31.7 million visitors in Q2-25, increasing by 11.6% year-on-year.

• EBITDA increased by 4.3% to SAR 748.3 million in H1-26 and by 3.8% to SAR 374.0 million in Q2-26.

• Like-for-like occupancy stood at 91.2% as at 30 June 2026.

• The Company renewed 1308 leases during H1-26 and onboarded 218 brands, including 110 brands new to the portfolio. Notable additions included Bottega Veneta, Bvlgari, Jaeger-LeCoultre and Piaget.

• Westfield Jeddah: The Company announced the completion of the project, the issuance of the Occupancy Certificate, and the project's transition to its operational phase as of 30 July 2026. As of the date of that announcement, the pre-leasing level is close to 96%. With the Project’s transition to its operational phase, it is currently working with all tenants to complete the fit-out of their units who will open for trade and to reach critical mass occupancy.

• Westfield Riyadh: structural completion stood at 100% as at 30 June 2026, while pre-leasing is close to 94%. The transition to operational phase timelines are in Q4-26.

Key Announcements:

• On 8 July 2026, the Company announces Fitch Ratings has revised the Company's Outlook to “Stable”, while affirming its Long-Term Issuer Default Rating at 'BB'.

• On 16 July 2026, The Company announces that The Project Company Developing the “Westfield Riyadh” Project has signed an upsized Shariah-Compliant financing facility with Riyad Bank.

• On 28 June 2026, the Company Announces the Signing of a Design and Build Contract for the “Al Khobar Downtown Mall and Boulevard” Project with Lynx Contracting Company

• On 21 June 2026, the Company announces the board’s recommendation to increase the Company’s capital by way of issuing bonus shares and capitalizing and allocating shares for employees.

• On 1 April 2026, the Company Signs a Promise to Lease Agreement with Saudi Downtown Company for the Leasing and Operation of a Flagship Destination in Al Khobar.

• On 1 April 2026, the Company announces Contract Sign Off with Saudi Downtown Company.