Reported Earnings • May 05
Full year 2025 earnings released: US$13.16 loss per share (vs US$11.03 loss in FY 2024) Full year 2025 results: US$13.16 loss per share (further deteriorated from US$11.03 loss in FY 2024). Revenue: US$99.3m (up 27% from FY 2024). Net loss: US$89.5m (loss widened 41% from FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. 공시 • Jan 27
Anghami Inc. Announces Board Changes Anghami Inc. announced the appointment of Moustapha Chami and Eman Al Awadhi to the Board of Directors of the Company. Mr. Moustapha Chami is Deputy Group Chief Financial Officer and Group Head of Finance, Operations & Taxation for Kuwait Projects Company Holdings (KIPCO), leading the group’s financial operations and planning, including governance and risk management. Mr. Chami also holds various directorships, including with the Bank of Baghdad in Iraq, SACEM Industries in Tunisia, Jordan Kuwait Bank in Jordan, Burgan Bank in Turkey, and is Vice Chairman (Executive) at Amaken United Real Estate in Kuwait. He holds a Bachelor’s degree in Finance and an MBA from the University of Saint Joseph in Lebanon. He is also a Certified Financial Analyst (CFA), Certified Public Accountant (CPA), and Certified Management Accountant (CMA). Mrs. Eman Al Awadhi is Group Senior Vice President – Corporate Communications & Investor Relations for KIPCO and Vice Chair of Gulfsat Communications in Kuwait. Her career spans over 22 years across public relations, media, and journalism. She holds a Bachelor’s degree in English from the University of Bahrain, a Diploma in Company Direction from the Institute of Directors, London, and is a Certified Investor Relations Officer. The board further announced that H.E. Sheikha Adana Nasser Sabah Al-Sabah resigned from the Board. Her resignation was not the result of any disagreement with the Company, its management, the Board or any committee of the Board. She is rebalancing her Board responsibilities and will continue as Chair of OSN Streaming Limited, Anghami’s parent company. The Board appointed Mr. Meshal Abdullah Mohammad Ali to succeed H.E. Sheikha Adana Nasser Sabah Al-Sabah as Chairman of the Board. Mr. Meshal Ali has served as a Director of Anghami since 1 April 2024. He is currently the Interim CEO of OSN Group, Chair of AlRayan Holding Company, Vice Chair of United Education Company, and President and CEO of both the National Offset Company and the National Offset Computer Company in Kuwait. Mr. Ali also serves as a board member of Panther Media Group Limited. He holds a Bachelor of Business Administration from the University of Arkansas, USA. New Risk • Jan 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$32.6m market cap). Reported Earnings • Jan 04
First half 2025 earnings released: US$5.54 loss per share (vs US$5.73 loss in 1H 2024) First half 2025 results: US$5.54 loss per share. Revenue: US$48.4m (up 63% from 1H 2024). Net loss: US$37.1m (loss widened 34% from 1H 2024). New Risk • Dec 31
New major risk - Revenue and earnings growth Earnings have declined by 28% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$15.5m market cap). 