Oman Oil Marketing Company SAOG ($OOMS)

[Foreign Language] Welcome to all of you here today. We're going to share with you the financial results ended by December 31, 2025. And the discussion or the presentation are going to lead by our CFO, Mr. Musaab Thabit Bingaradi, and by the CEO.

Both. We always here, we always have each other in these events. First of all, good morning, everyone. I hope that you can see the presentation. And voice is clear.

Voice is clear, but we cannot see the presentation yet.

Can you see the presentation now?

Yes.

Okay. So I hope now you can see the screen, the presentation. So what I'll do is we'll go over at a very high level, the company, the structure, the activities that we provide. And then finally, just getting into the 2025 financials. So next slide. So this is -- I always like to start with this present this slide because it gives you a snapshot of where Oman Oil Marketing is. So as you can see, we are owned, of course, we are publicly traded, but our biggest stakeholder is OQ, 49%. And then Oman Oil, we have our own activities, but then also we have our own subsidiaries as well. Muscat Gas is investment that we had. We actually divested from that beginning of this quarter, and we made that announcement. We have another subsidiary, which is Ahlain International, which mainly focuses on our -- what we like to say, shop food and services, using the nonfuel arm. We have Oman OOMCO Marine fuels. That's to do with our bunkering facilities in Duqm. We have Sultanate Energy Company, which is a 100% subsidiary of Oman Oil in Tanzania, but we already made the announcement that we will -- we are divesting from Tanzania mainly to focus on our strengths of -- our areas of strength. We have Oman Oil Marketing, which is the OOMCO KSA, that is continuing to go on. That's our investments in Saudi Arabia. We just mute this, we're just muting so because some people left their microphone on. And then at the top left, we have our what we like to call it our subsidiary, which is focusing on electric vehicle and it's a joint venture between Oman Oil and Synergy. And last but not least, we have our -- which was our latest kind of joint venture that is TFG OOMCO, which is mainly concentrating and providing bunker at the various ports here in Oman. That's a joint venture 51% by TFG and 49% by Oman Oil. These are the areas where we -- our areas of operation. Of course, we're in the retail field. You can see our stations all around Oman and Saudi Arabia. We have our commercial fuels where we provide fuels to our B2B aviation. We have quite a majority of the aviation fuels here in Oman. Lubricants, we have our lubricants optimal as well as Caltex where we distribute here in Oman. Nonfuel business, that's a lot to do with our Ahlain shops, our Cafe Amazon, our -- bottom also you will see digital storage and distribution, where we have our storage for our lubricants, and we distribute it throughout Oman. Duqm Bunker Terminal that's in Duqm where we have our fuel for marine and it comes to the marine fuels. And last but not least, alternative energy, which is an area that we are looking more and more into. Our total stations are as of end of 2025, 300 stations, we'll go into each one. As I mentioned, as of today, well, Tanzania will be no longer part of that. For our national fuel retail, the performance has been amazing. We've achieved about 6% year-on-year as opposed to 2024 and that can be reflected in the results. And in terms of our expansion, we are not expanding in terms of quantity, but rather what we're looking at quality, and that's the reason why we expand. We've only expanded in 3 stations here in 1 in Muscat, 1 in North [ Al Batinah ] and the third in the Dhofar. And that's basically providing all the necessary facilities in order to be a hub for our stations. In Saudi Arabia, there's a lot of -- we're trying to refocus our energy in Saudi Arabia. There's a lot of potential for growth over there. As you can see, we've increased our 2025 stations by additional 16 coming to 49 stations. And we continue looking at KSA as a growth market. Our revenues increased by 33%, and we expect that to continue to grow. As for Sultanate Energy, again, I've mentioned that we have no longer will be continued in Tanzania mainly because we want to focus on our areas of strength, which is in Saudi Arabia and of course, Oman. Our Ahlain International, this is mainly our nonfuel. So we have our Ahlain Convenience stores. We have now 59 in 59 locations. What we are looking at is trying to enhance it by revamping and giving a nice fresh look as well as, not necessarily, what we'd like to say is like have a shop-in-shop, where instead of just having a full convenience store, we can have, for example, Cafe Amazon, which you can see in the next sharing part of the area. So also in terms of Cafe Amazon, we are around 16 outlets. And in terms of the Digital, we are planning -- it's an area where it's -- we utilize our real estate where we can provide digital screens, where we can advertise and generate additional income from that. OOMCO fuels, this has to do with our terminal as well as our activities in Oman. Compared to 2024, it's reduced mainly because there are certain directions from the government in order to give more opportunities to SMEs that it reduced our bunkering supply. However, when it comes to TFG OOMCO, this is where the bigger bulk is. So having that joint venture with TFG will hopefully prove to be a great, great decision moving forward. Alternative energy, we have our electric vehicle charging company, which is EVO. Of course, they do quite a lot of things. But in terms of the sphere of electric vehicle, the government have finally announced that they would be providing an application, which will be for everyone. So it will unite all of them, and this is Shahin, that's the name of the application. We are still waiting for them to launch it. Because also, once that's done, hopefully, there will be tariffs for -- so then companies such as EVO can actually charge customers in terms of when they are charging. As of now, as of 2025, it's been free, and we are hoping that 2026 will be a different, will change. EVO basically has about 133 active EV charging points. That's the biggest network in Oman. We have about 59 DC charges. These are the fast chargers, the ultrafast. And we have the AC charges of about, in 66 locations. Other areas of, at least for clean energy and sustainability, we tend to put what we call vapor recovering systems on some of our stations, and this has led to 23 of them, which has led to about 1.9 million kilos of carbon dioxide in terms of reduction. Solar is another area that we are trying to expand in. Right now, we have about 12 solar -- 12 of our stations have solar panels, and that has reduced our carbon by 1.7 million kilos per carbon, basically. Alternative energy, we continue expanding in biodiesel. We have had the top loading facility in Duqm for biodiesel. And as of 2025, we sold almost about 4 million liters of biodiesel whether in the form of B5 or B20. And we tend to be in compliance, of course, with ESG reports, which we have already confirmed those and have provided. And I think the last slide is the financials. Maybe Musaab, you want to take that?

[Foreign Language] One point on the last slide that we are very proud of. We are one of the only few companies that have issued 3 ESG reports, one additional more than required by MSX. So team is commended for that. We can see here our performance of 2025, an exceptional year, which management also anticipates to continue from 2025 onwards in terms of increased performance. You can see on the right side, our current company has grown in terms of top line by about 7%. This is mainly driven by our retail division, which is the lion's share of our revenue as well as our aviation, as our CEO has mentioned, is we have a majority of the market and as well as our commercial division, all contributing to a 7% increase. This, in turn, translated to about an 8% increase in our gross profit, which is as well in line with -- if you look at the group's performance. You go downwards as well. Our other income from real estate has all contributed a 1% increase and we've controlled -- very well, successfully controlled our OpEx and costs. You can see it's only at 3% as compared to our growth coming by 7%. This overall translated to about a 48% increase of our bottom line from OMR 5 million to about OMR 7.5 million for the year of 2025. And the earnings per share increased from OMR 0.07 to OMR 0.11 million and overall, our net assets per share increased by about 5%. Again, a very good year for OOMCO. We anticipate [indiscernible] to continue with this performance. Thank you very much. We'll open the floor to any questions.

If there any questions, please go ahead.

You can unmute yourself, Mr. John.

Hello. Thank you so much for the presentation. My name is John. I'm a reporter with Energy Intelligence. And I just had a question regarding some of the major geopolitical events happening around us, especially the U.S. blockade in the Gulf of Oman and Arabian Sea. And I wanted to know how you are viewing it from an operation standpoint. Are you seeing it affect demand for bunkering in the region? So I just wanted to get your sort of view on that.

So the whole idea of this forum is mainly to discuss the 2025 events and so forth. I don't want to comment too much about that. But what I'll just say that at least we have

Activated.

Yes. I mean, sorry, go ahead, BCP.

Activated the BCP.

Yes. We have activated our business continuity plan and we move forward. And so far, things are moving good as it can get that. But I don't want to comment on that in this particular platform because it's not -- that's not the real area of that. So if we can make sure if you ask a question, please keep it for 2025. Any other questions? Okay. If there's no other further questions, thank you very much for taking the time to come. And yes, will be [ Chola, ] quite soon and we are very excited for 2026 and [ Chola ] even will so to greater profits. Thank you.