Q2 2026 Ubar Hotels and Resorts SAOG Earnings Call
Ravindra Kumar Srivastava: Ravindra Kumar Srivastava. I am here to represent Ubar Hotels and Resorts SAOG. I am working as a CFO. I am here to present this financial figure for the H1 ended 2026. This is the financial figure for the H1 ended 2026. Revenue for the group is OMR 1.2 million, whereas the budgeted was OMR 1.6 million. Last it was figured OMR 1.48 million. Compared to the last, it is less by 17%. Operating cost is OMR 1.4 million, which is less by 6% compared to the budget as well as the last year. Budgeted profit was, gross EBITDA was OMR 67,000, whereas the company recorded a loss of OMR 172,000.
Ravindra Kumar Srivastava: Ravindra Kumar Srivastava. I am here to represent Ubar Hotels and Resorts SAOG. I am working as a CFO. I am here to present this financial figure for the H1 ended 2026. This is the financial figure for the H1 ended 2026. Revenue for the group is OMR 1.2 million, whereas the budgeted was OMR 1.6 million. Last it was figured OMR 1.48 million. Compared to the last, it is less by 17%. Operating cost is OMR 1.4 million, which is less by 6% compared to the budget as well as the last year. Budgeted profit was, gross EBITDA was OMR 67,000, whereas the company recorded a loss of OMR 172,000.
Speaker #1: Kumar Srivastava. I'm here to represent Ubar Hotels and Resorts SAOG. I'm working as a CFO, and I'm here to present this financial figure for the half-year end date.
Speaker #1: 2026.
Speaker #2: Let me check.
Speaker #1: This is the financial figure for the half-year end date, 2026. Revenue for the group is 1.2 million, whereas the budget budgeted was 1.6 million.
Speaker #1: Last it was figure 1.4, 1.48 million, compared to the last it is less by 17%. Operating cost is 1.4 million, which is less by 6% compared to the budget as of the last year.
Speaker #1: Budgeted profit budgeted profit was gross EBITDA was 67,000, whereas the company recorded a loss of 172,000. Last it was 6,000. Approximately. Profit before taxation, profit and loss before taxation.
Ravindra Kumar Srivastava: Last it was OMR 6,000 approximately. Profit and loss before taxation, the loss was recorded at OMR 499,000, whereas the budget was OMR 272,000. Last it was OMR 340,000. This business was affected due to the escalation of the geopolitical tension from March 2026 onward.
Ravindra Kumar Srivastava: Last it was OMR 6,000 approximately. Profit and loss before taxation, the loss was recorded at OMR 499,000, whereas the budget was OMR 272,000. Last it was OMR 340,000. This business was affected due to the escalation of the geopolitical tension from March 2026 onward.
Speaker #1: The loss was recorded at 272,499,000, whereas the budget was 272,000. And the last it was 340,40,000. It is basically this business has affected due to the escalation of the geopolitical tension from the March 2026 onward.
Speaker #1: Until the February 2026, the group was performing very well. The performance was ahead of the budget as well as the last year. But this geopolitical situation changed from the March 2026 resulting significant booking cancellations received including a large number of room nights, cruise business, our major client business.
Ravindra Kumar Srivastava: Until March 2026, the group was performing very well. The performance was ahead of the budget as well as the last year. This geopolitical situation changed from March 2026, resulting significant booking cancellations including a large number of room nights, cruise business, our major client business, which is for the Golden Tulip Nizwa. As entire group hotel has received cancellation worth of OMR 270,000 per room revenue business, approximately 4,700 room nights. This decline in the business adversely affected the revenue profitability and operating cash flow. Despite these challenges, management prioritizing the business continuity by ensuring uninterrupted hotel operations, meeting critical statutory obligations, maintaining essential services, and implementing strict cost control and cash flow management. Considering the continued geopolitical uncertainty, business demand during the upcoming peak seasons remains unpredictable. Golden Tulip Muscat property is expected to perform in line with the last year performance.
Ravindra Kumar Srivastava: Until March 2026, the group was performing very well. The performance was ahead of the budget as well as the last year. This geopolitical situation changed from March 2026, resulting significant booking cancellations including a large number of room nights, cruise business, our major client business, which is for the Golden Tulip Nizwa. As entire group hotel has received cancellation worth of OMR 270,000 per room revenue business, approximately 4,700 room nights. This decline in the business adversely affected the revenue profitability and operating cash flow. Despite these challenges, management prioritizing the business continuity by ensuring uninterrupted hotel operations, meeting critical statutory obligations, maintaining essential services, and implementing strict cost control and cash flow management. Considering the continued geopolitical uncertainty, business demand during the upcoming peak seasons remains unpredictable. Golden Tulip Muscat property is expected to perform in line with the last year performance.
Speaker #1: It is for the Golden Tulip Lisbon. As entire group hotel has received cancellation worth of 272,270,000 worth of room revenue business. Approximately 4,700 room nights.
Speaker #1: This decline in business adversely affected the revenue profitability and operating cash flow. Despite these challenges, management prioritizing the business continuity by ensuring uninterrupted hotel operations meeting critical statutory obligations, maintaining essential services, and implementing strict cost control and cash flow management.
Speaker #1: Considering the continued geopolitical uncertainty, business demand during the upcoming peak seasons remained unpredictable. Gold Golden Tulip Muscat property expected to perform in line with the last year performance.
Speaker #1: But for the Golden Tulip Lisbon recovery for the first half is revenue shortfall is likely to be challenging due to the magnitude of cancellation management will cancellation.
Ravindra Kumar Srivastava: For the Golden Tulip Nizwa, recovery for the H1's revenue shortfall is likely to be challenging due to the magnitude of cancellation. Management will continue to focus on maximizing the opportunities, strengthening the sales effort and minimizing the losses through the disciplined cost management. This is the figure from the graphical point of view. Revenue for the group is OMR 1.2 million, whereas the budget was OMR 1.5 million, and the last year it was OMR 1.4 million. Gross operating losses recorded at OMR 172,000 against the budgeted profit of OMR 68,000, and the last year it was -OMR 6,000. ARR it has OMR 22 whereas the budgeted OMR 25 and last it was OMR 24. Occupancy is at 50% against the budgeted 59%, and the last it was 60%. RevPAR is at OMR 11, last it was OMR 14 and the budgeted OMR 15. Total revenue per available is at OMR 23.
Ravindra Kumar Srivastava: For the Golden Tulip Nizwa, recovery for the H1's revenue shortfall is likely to be challenging due to the magnitude of cancellation. Management will continue to focus on maximizing the opportunities, strengthening the sales effort and minimizing the losses through the disciplined cost management. This is the figure from the graphical point of view. Revenue for the group is OMR 1.2 million, whereas the budget was OMR 1.5 million, and the last year it was OMR 1.4 million. Gross operating losses recorded at OMR 172,000 against the budgeted profit of OMR 68,000, and the last year it was -OMR 6,000.
Speaker #1: Management will continue to focus on maximizing the opportunities strengthening the sales effort. And minimizing the losses to the discipline cost and management. This is the figure from the graphical point of view.
Speaker #1: Revenue for the group is 1.2 million, whereas the budget was 1.5 million, and the last year it was 1.4 million. Gross operating losses recorded at 172,000.
Speaker #1: Against the budgeted profit of 68,000. And the last year it was 6,000 minus. ARR it as 22 riyal. Whereas the budgeted 25 year and last it was 24 riyal.
Ravindra Kumar Srivastava: ARR it has OMR 22 whereas the budgeted OMR 25 and last it was OMR 24. Occupancy is at 50% against the budgeted 59%, and the last it was 60%. RevPAR is at OMR 11, last it was OMR 14 and the budgeted OMR 15. Total revenue per available is at OMR 23.
Speaker #1: Occupancy is at 50%. Against the budgeted 59 and the last it was 60. Rep per is at 11 riyal. Last it was 14 and the budgeted 15.
Speaker #1: Total revenue per available is at 23 riyal. Last it was 28 and the budgeted 29. This is the figure property wise. Golden Tulip Lisbon revenue is at 600 riyal against the budgeted 836.
Ravindra Kumar Srivastava: Last it was OMR 28 and the budgeted OMR 29. This is the figure. Property by Golden Tulip Nizwa revenue is at OMR 600,000 against the budgeted OMR 836,000, and the last it was OMR 794,000. Gross operating loss recorded at OMR 99,000, whereas the budgeted at a +OMR 92,000 and the last year it was +OMR 46,000. ARR is at OMR 35 against the budgeted OMR 37, and the last it was OMR 35. Occupancy at 36% against the last year that was 52%, and the budgeted was 51%. RevPAR is at OMR 13, whereas the last it was OMR 18 and the budgeted OMR 19. For the GT Muscat revenue recorded at OMR 630,000 against the budgeted OMR 727,000 and the last it was OMR 686,000. Gross operating losses recorded OMR 48,000 against the budgeted of breakeven, and the last it was OMR 27,000 losses. ARR at OMR 17 against the budgeted OMR 19 and the last it was OMR 17.
Ravindra Kumar Srivastava: Last it was OMR 28 and the budgeted OMR 29. This is the figure. Property by Golden Tulip Nizwa revenue is at OMR 600,000 against the budgeted OMR 836,000, and the last it was OMR 794,000. Gross operating loss recorded at OMR 99,000, whereas the budgeted at a +OMR 92,000 and the last year it was +OMR 46,000. ARR is at OMR 35 against the budgeted OMR 37, and the last it was OMR 35. Occupancy at 36% against the last year that was 52%, and the budgeted was 51%.
Speaker #1: And the last it was 794,000. Gross operating loss recorded at 99, whereas the budgeted at positive 92,000. And the last year it was 46,000 positive.
Speaker #1: ARR is at 35 riyal against the budgeted 37. And the last it was 35. Occupancy at 36 against the last year at 52%. And the budgeted worth 51%.
Speaker #1: Rep per is at 13 riyal. Whereas the last it was 18 riyal and the budgeted 19 riyal. For the GT Muscat revenue recorded at 630,000 against the budgeted 727,000.
Ravindra Kumar Srivastava: RevPAR is at OMR 13, whereas the last it was OMR 18 and the budgeted OMR 19. For the GT Muscat revenue recorded at OMR 630,000 against the budgeted OMR 727,000 and the last it was OMR 686,000. Gross operating losses recorded OMR 48,000 against the budgeted of breakeven, and the last it was OMR 27,000 losses. ARR at OMR 17 against the budgeted OMR 19 and the last it was OMR 17.
Speaker #1: And the last it was 686,000. Gross operating losses recorded 48 against the budgeted of break even. And the last it was 27,000 losses. ARR is 17 riyal against the budgeted 19.
Speaker #1: And the last year was 17. Occupancy at 60%. Last year it was 65. Budgeted 64%. Rep per is at 10 riyal against the 12 riyal of budgeted and the 11 riyal of the last year.
Ravindra Kumar Srivastava: Occupancy is at 60%. Last year, it was 65%, and budgeted 64%. RevPAR is at OMR 10 against the OMR 12 of budget and the OMR 11 of the last year. Property-wise comparison, Golden Tulip Nizwa revenue is OMR 600. Muscat revenue is OMR 630,000. Total comes to be for the Ubar is OMR 1.2 million. Operating losses, OMR 99,000 for the Golden Tulip Nizwa. For the Muscat is a OMR 48,000 minus, and overall it is OMR 146,000 negative. Operating losses, taking into all expenses, OMR 124,000 for the Golden Tulip and for the Muscat is OMR 48,000, and overall it is OMR 172,000. Net profit loss, OMR 188,000 loss against the OMR 183 of the Golden Tulip Muscat, and overall it is OMR 500.
Ravindra Kumar Srivastava: Occupancy is at 60%. Last year, it was 65%, and budgeted 64%. RevPAR is at OMR 10 against the OMR 12 of budget and the OMR 11 of the last year. Property-wise comparison, Golden Tulip Nizwa revenue is OMR 600. Muscat revenue is OMR 630,000. Total comes to be for the Ubar is OMR 1.2 million. Operating losses, OMR 99,000 for the Golden Tulip Nizwa. For the Muscat is a OMR 48,000 minus, and overall it is OMR 146,000 negative. Operating losses, taking into all expenses, OMR 124,000 for the Golden Tulip and for the Muscat is OMR 48,000, and overall it is OMR 172,000. Net profit loss, OMR 188,000 loss against the OMR 183 of the Golden Tulip Muscat, and overall it is OMR 500. This is the Oman hospitality scenario after the geopolitical situation changed. This data published in the Arabian Daily, and it is for the three to five-star hotel.
Speaker #1: Property wise comparison. GT Nizwa revenue is 600. Muscat revenue is 630,000. Total comes together for the Ubar is 1.2 million. Operating losses 99,000 for the Golden Tulip Nizwa.
Speaker #1: For the Muscat is a 48,000. Minus. And the overall it is 146,000 negative. Operating losses taking into all expenses 124,000. For the Golden Tulip and for the Muscat is 48,000.
Speaker #1: And overall it is 172,000. Net profit loss 188,000 loss against the 183 of the Golden Tulip Muscat. And overall it is 500. This is the Oman hospitality scenario after the geopolitical situation change.
Ravindra Kumar Srivastava: This is the Oman hospitality scenario after the geopolitical situation changed. This data published in the Arabian Daily, and it is for the three to five-star hotel.
Speaker #1: This data published in the Arabian Daily and it is for the three to five star hotel. Hotel guests for the half year it is recorded at 992,000 against the last year for the same period 2025 1.1 million.
Ravindra Kumar Srivastava: Hotel guests for the H1, it is recorded at 992,000 against the last year's for the same period, 2025, 1.1 million. That is 13% drop in the hotel guest. Hotel revenue dropped from OMR 141 million to OMR 124 million. That drop noted is 12%. Occupancy from 54% to 46%. This decline reflect a challenging market environment during the H1 2020, supported the group performance trend and the impact of the regional geopolitical development. Domestic Omani guest increase to 395,000, partially offsetting the decline in the international visitors. European visitors remain the largest international market, followed by Asian and the GCC visitors. On the expansion strategy, Ubar Group is looking for the expansion. Currently, our management and board of directors are in discussion with the two properties. One is in Masirah Island, and then one is near to the Muscat. These are hotel.
Ravindra Kumar Srivastava: Hotel guests for the H1, it is recorded at 992,000 against the last year's for the same period, 2025, 1.1 million. That is 13% drop in the hotel guest. Hotel revenue dropped from OMR 141 million to OMR 124 million. That drop noted is 12%. Occupancy from 54% to 46%. This decline reflect a challenging market environment during the H1 2020, supported the group performance trend and the impact of the regional geopolitical development. Domestic Omani guest increase to 395,000, partially offsetting the decline in the international visitors. European visitors remain the largest international market, followed by Asian and the GCC visitors. On the expansion strategy, Ubar Group is looking for the expansion. Currently, our management and board of directors are in discussion with the two properties. One is in Masirah Island, and then one is near to the Muscat. These are hotel.
Speaker #1: That is 13% Hotel revenue drop from 141 million to 124 million. That drop noted is 12%. Occupancy from 54% to 46%. This decline reflect challenging market environment during the first half year 20 supported the group performance trained and the impact of the regional geopolitical development.
Speaker #1: Domestic Omani guest increase to 395,000 partially of setting the decline in the international visitor. European visitors remain the largest international market followed by Asian and the GCC visitors.
Speaker #1: On the expansion strategy. Ubar group is looking for the expansion. Currently management and board of directors in discussion with the two properties one is in Masia then Masira Island and then one is near to the Muscat.
Speaker #1: Al Sawadi Beach Resort Hotel. The discussion is in advance stage when the when it comes to the final shape it will be our disclose on the MSM website.
Ravindra Kumar Srivastava: The discussion is in advanced stage. When it comes to the final shape, it will be our disclose on the Muscat Stock Exchange website. Thank you from my side.
Ravindra Kumar Srivastava: The discussion is in advanced stage. When it comes to the final shape, it will be our disclose on the Muscat Stock Exchange website. Thank you from my side
