ALDAR's revenue increased 4.8% YOY to AED 8.1 Bn in 2Q26, supported by continued execution of the development backlog and higher recurring income from the Investment segment.

Effective 1 October 2025, Waha Capital updated its financial reporting framework to better align with its investment-led structure, presenting investments at fair value instead of consolidating them line by line. Total AUM stood at c. AED 13.9 Bn as of 2Q26, including third party AUM of c. AED 8.5 Bn (USD 2.3 Bn), following net inflows of over USD 300 Mn during 1H26.

Americana Restaurants' revenue rose 11.1% YOY to USD 715 Mn in 2Q26, driven by revenue growth across all brands and continued network expansion. The Company reported 16.5% YOY growth in gross profit to USD 404 Mn in 2Q26.

Waha's total income decreased 4.0% YOY to AED 366 Mn in 2Q26. Public Markets income increased to AED 337 Mn in 2Q26 from AED 223 Mn in 2Q25, driven by AED 105 Mn in fee income and AED 231 Mn in net mark-to-market gains, more than offsetting the absence of income from consolidated Public Market funds.

Project Harvest (1 mtpa lower-carbon ammonia project, UAE) is under construction, targeting 50% lower carbon intensity, with operations expected in 2027 and capex below USD 500 Mn. Ammonia prices rose to USD 910 per MT in April 2026 compared to USD 435 per MT in May 2025, driven by supply disruptions and Strait of Hormuz restrictions.