- A 6.8% increase in revenues of the Retail segment, supported by an expanded store footprint and the positive impact of the Customer Experience Revival (CXR) program executed by Panda Retail Company.

- Higher revenues in the Food Processing segment driven by:

a. Higher volumes and higher commodity prices in the Edible oil segment, and higher volume in the Sugar segment; and

b. The consolidation of United Sugar Company of Egypt, which was classified as an associate in the comparative period.

In line with International Financial Reporting Standards (IFRS), revenues of the comparative period exclude the results of divested businesses in the Islamic Republic of Iran (Iran) and discontinued operations in the Republic of Sudan (Sudan).

- Net Zakat reversal of SAR 232.4 million in Q3 2025, compared to a net zakat expense of SAR 21.5 million in Q3 2024. The net zakat reversal in Q3 2025 is mainly driven by reversal of prior year zakat accruals, net of related expenses (SR 247.3 million);

- Higher other operating income primarily due to absence of a one-off charge (SAR 29 million) related to a startup asset under Munchbox in Q3 2024;

- Higher finance income due to a one-off gain on settlement of Put Option liability having a net impact of SAR 40.2 million; and

- Lower finance cost due to the absence of net financial charges related to debt settled in 2024 (SAR 73.3 million).

The increase in net profit is despite the following:

- Lower net profit in the Retail Segment which decreased from SAR 57.3 million to SAR 23.6 million primarily due to the higher operating expenses on additional lease arrangements and absence of a one-off reversal of provision on aged receivables (SAR 16.1 million) in Q3 2024;

- Lower one-off gain related to refund of custom duty from regulatory authority in KSA having a net impact of SAR 4.3 million, compared to SAR 19.4 million in the comparative period;

- Lower share of results from associates mainly due to the absence of share of profit from the Group’s distributed investment in Almarai to its eligible shareholders (SAR 196.8 million) in Q3 2024;

- Higher operating expenses primarily due to the consolidation of United Sugar Company of Egypt in the current period, which was classified as an associate in the comparative period, and additional lease arrangements in Panda (as mentioned above);

- Net impairment charge of SAR 36.2 million for certain non-current assets in the Food Services Segment;

- Higher income tax expense; and

- Lower net profit attributable to Shareholders of the Company from discontinued operations.

The adjusted net profit for the period is SAR 115.1 million in Q3 2025, compared to SAR 66.9 million in the same quarter of last year.

The increase in revenue is mainly attributed to seasonal consumption patterns.

The increase in net profit is mainly attributable to:

- Net zakat reversal of SAR 232.4 million, compared to a net zakat expense of SAR 3.7 million in Q2 2025. The net zakat reversal in Q3 2025 is mainly driven by reversal of prior year zakat accruals, net of related expenses (SR 247.3 million);

- A one-off gain related to refund of custom duty from regulatory authority in KSA having a net impact of SAR 4.3 million;

- Higher share of results from associates;

- Higher other operating income;

- Higher Finance Income due to a one-off gain on settlement of Put Option liability having a net impact of SAR 40.2 million; and

- Lower finance cost.

The increase in net profit is despite the following:

- Net impairment charge of SAR 36.2 million for certain non-current assets in the Food Services Segment, and

- Higher income tax expense.

The adjusted net profit for the period is SAR 115.1 million in Q3 2025, compared to SAR 56.8 million in Q2 2025.

- A 6.3% increase in revenues of the Retail segment, supported by an expanded store footprint and the positive impact of the Customer Experience Revival (CXR) program executed by Panda Retail Company.

- Higher revenues in the Food Processing segment driven by:

a. Higher volumes and higher commodity prices in the Edible oil segment, despite lower prices in the Sugar segment;

b. The consolidation of United Sugar Company of Egypt, which was classified as an associate in the comparative period; and

c. A 6.3% increase in revenues in the Frozen Foods segment.

The increase in Revenues is despite lower revenues reported in the Food Services segment.

In line with International Financial Reporting Standards (IFRS), revenues of the comparative period exclude the results of divested businesses in the Islamic Republic of Iran (Iran) and discontinued operations in the Republic of Sudan (Sudan).

- Net Zakat reversal of SAR 211.8 million in 2025, compared to a net zakat expense of SAR 51.8 million in 2024. The net zakat reversal in 2025 is mainly driven by reversal of prior year zakat accruals, net of related expenses (SR 247.3 million);

- Higher other operating income primarily due to reversal of accruals no longer required (SAR 52.7 million), partially off-set by net loss on derecognition of certain non-current assets (SAR 7.9 million) impacted by a regulatory authority's project. The increase also reflects the absence of a one-off charge (SAR 29 million) related to a startup asset under Munchbox in 2024;

- Higher finance income due to a one-off gain on settlement of Put Option liability having a net impact of SAR 40.2 million;

- Lower finance cost, mainly due to the absence of net financial charges related to debt settled in 2024 (SAR 255 million) and SAR 109 million impact from the Egyptian Pound devaluation during Q1 2024, which was offset by increased gross profit margins in Q1 2024. The decrease is partially offset by the impact of consolidation of United Sugar Company of Egypt in the current period; and

- Lower income tax expense.

The increase is partly offset by:

- Lower net profit in the Retail Segment which decreased from SAR 96.5 million to SAR 72.2 million primarily due to the higher operating expenses on additional lease arrangements and absence of a one-off reversal of provision on aged receivables (SAR 16.1 million) in 2024;

- Lower one-off gain related to refund of custom duty from regulatory authority in KSA having a net impact of SAR 4.3 million, compared to SAR 19.4 million in the comparative period;

- Lower share of results from associates mainly due to the absence of share of profit from the Group’s distributed investment in Almarai to its eligible shareholders (SAR 644.2 million) in the same period of last year;

- Higher operating expenses due to the consolidation of United Sugar Company of Egypt in the current period, which was classified as an associate in the comparative period, and additional lease arrangements in Panda (as mentioned above);

- Net impairment charge of SAR 36.2 million for certain non-current assets in the Food Services Segment; and

- Lower net profit attributable to Shareholders of the Company from discontinued operations.

The adjusted net profit during the nine-month period ended 30 September 2025 is SAR 358.4 million, compared to SAR 231.5 million in the same period of last year.

- Financial charges on borrowings (SAR 299 million);

- Commission income on bank deposits (SAR 119 million)

- Interest expense on lease liabilities (SAR 157 million);

- Bank commission (SAR 25 million);

- Foreign exchange loss, net (SAR 6 million);

- Unwinding of discount on site restoration (SAR 4 million); and

- Gain on settlement of Put Option liability (SAR 50 million), net impact of SAR 40.2 million.

The Net Finance Cost during the nine-month period ended 30 September 2024 comprises the following:

- Financial charges on borrowings (SAR 529 million);

- Commission income on bank deposits (SAR 81 million)

- Interest expense on lease liabilities (SAR 146 million);

- Bank commission (SAR 16 million);

- Foreign exchange loss, net (SAR 122 million);

- Unwinding of discount on site restoration (SAR 3 million); and

- Negative fair value of options (SAR 12 million).

For the nine-month period ended 30 September 2025, the net earnings per share were SAR 2.28, calculated by dividing the net profit attributable to shareholders amounting to SAR 680.4 million, by the weighted average number of shares of 298.8 million. For the nine-month period ended 30 September 2024, the earnings per share were SAR 0.71, calculated by dividing the net profit attributable to shareholders amounting to SAR 665.1 million, by the weighted average number of shares of 934.8 million.

In accordance with International Accounting Standard 33, 'Earnings per Share', the weighted average number of shares was adjusted by deducting the effect of shares held under employees’ share based payment plan amounting to 1,172,332 shares for the current period, compared to 5,692,715 shares for the same period in the previous year.

The Interim Condensed Consolidated Financial Statements for the period ended 30 September 2025, will be available through the following link on Savola’s website after sending it to the relevant authorities, through the following link:

https://www.savola.com/en/investors/financial-statements

The quarterly investor presentation will be available on Savola’s website within the Investors section to be accessed via the following link:

https://www.savola.com/en/investors/earnings-presentations