Financial Information

CENOMI RETAIL DELIVERS PROFITABLE SECOND QUARTER, CAPITALIZING ON ITS STRONG MARKET PRESENCE IN KINGDOM OF SAUDI ARABIA AND INTERNATIONAL MARKETS

Solid international performance, driven primarily by the CIS
Ongoing progress on portfolio optimization with 19 brands sold in H1-24
Focus on strategic store openings for Tier 1 Champion brands across 9 countries, supporting sustainable profitability
Net Profit for Q2-24 at SAR 84 million, and net loss for H1-24 at SAR 68 million
Continued deleveraging of the balance sheet with Net debt decline of 20% YTD