Franklin Street Properties Corp. Supplemental Operating & Financial Data 401 Edgewater Place ~Wakefield, MA 01880 781.557.1300.~ www.fspreit.com Fourth Quarter 2025 Table of Contents | ` | Pa | Pa | ge | ge | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...

Fourth Quarter 2025 Earnings Presentation March 2026 Important notice Cautionary Note Regarding Forward-Looking Statements and Projections. Certain statements in this presentation may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, each as amended. Forward-looking statements provide current expectations of future events and include any statemen ...

Q4 2025 Earnings Call March 10, 2026 Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934, as amended, which provides a "safe harbor" for such statements in certain circumstances. When used in this presentation, the words "anticipates," "may," "believes," "expects," "intends," "plans," "estimates," "predicts," the negative expressions of such words, or similar expressions a ...

Q4 and Full Year 2025 Earnings Presentation March 10, 2026 © 2026 Esperion Therapeutics, Inc. All rights reserved. Forward-looking Statements & Disclosures This investor presentation contains forward-looking statements that are made pursuant to the safe harbor provisions of the federal securities laws, including statements regarding marketing strategy and commercialization and business development plans, current and planned operational expenses, expected profitability, future operations, commercial products ...

Delivering growing returns from our strengths Capital Markets Day 2026 March 10th, 2026 0 ALL RIGHTS ARE RESERVED Diversified CFFO exposure +11 M +24 M Customers Digital customers TSR 47% Vertically integrated sales >45% >90% Renewable Fuels1 Power & Gas1 5.4 B€ Cash Flow From Operations (CFFO) >80% Capital employed in Iberia & US Repsol 2025 at a glance: With all the energies Energy retail market share In Iberia 20% Upstream Improved international portfolio with US focus 548 kboed production Industrial Lea ...

One of the leading global private markets firms with 30 years of experience Swiss-heritage Established in 1996 in Switzerland 1 Client-centric Long-term stewardship across cycles 2 One-firm collaborative culture Integrated platform, no silos Innovation driven Entrepreneurial drive and ownership mindset 4 Industrial DNA Hands-on approach grounded in deep industry expertise 5 3 Partners Group office Global footprint across 25 offices1 with c. 2'000 employees2 Built differently to build differently For illustr ...

Financial Data and Key Metrics Changes - In Q4 2025, revenues reached $83.9 million, nearing the high end of guidance, while total revenues for the full year rose to $341.9 million, a 9.1% year-over-year increase driven by game services [5][19] - Net income grew by 10.4% to $148.1 million for the full year, with Q4 net income increasing by 6.2% to $34.5 million, resulting in a net margin of 41.2%, up 5.4 percentage points year-over-year [5][18][25] Business Line Data and Key Metrics Changes - Revenues from game services gained significant traction, growing 9.1% year-over-year, supported by effective marketing campaigns [5][19] - Monthly Active Users (MAUs) increased by 8.2% year-over-year to 44.8 million, driven by refined operations and engagement initiatives [15] Market Data and Key Metrics Changes - The MENA digital entertainment market continues to surge, contrasting with moderated growth in mature gaming markets, positioning the company to seize emerging opportunities in the region [6][10] - The gaming industry saw a structural divergence, with strategy and puzzle games being the highest-grossing genres worldwide in 2025, each generating annual revenues exceeding $10 billion [8] Company Strategy and Development Direction - The company is focused on deepening engagement in key regional markets, particularly through a strategic partnership with the Saudi Esports Federation to enhance brand visibility and support local esports initiatives [10][11] - Plans for 2026 include unlocking synergies between social and gaming ecosystems, embedding AI across operations, and diversifying the product pipeline to lead in the MENA market [13][14] Management's Comments on Operating Environment and Future Outlook - Management noted that recent geopolitical developments in the Middle East have had limited impact on operations, with user demand for community engagement remaining stable [37] - The company expects Q1 2026 revenues to be between $75 million and $82 million, considering the impact of Ramadan [26] Other Important Information - The company executed $56.6 million in share repurchases in 2025 and has authorized a new share repurchase program for up to $150 million from March 2026 to March 2028 [11][12][55] - The company is committed to maximizing shareholder value through a disciplined capital allocation strategy [13][56] Q&A Session Summary Question: Can management brief us on the company's partnership with the Saudi Esports Federation? - The partnership aims to deepen presence in Saudi Arabia, enhance brand visibility, and support women's participation in esports, aligning with the Saudi government's Vision 2030 [29][31] Question: Could management share the perspective on the evolving macro dynamics in the Middle East? - Management indicated that there has been no material revenue variation recently, and user demand for community engagement remains stable despite geopolitical tensions [36][37] Question: Could management provide an update on the product rollout and marketing schedule? - The company is preparing for the official promotion of new gaming titles in Q2, with monetization expected to ramp up in the second half of the year [39][42] Question: Could management share more details on the company's proprietary AI model and its future direction? - The in-house developed AI model, SIMIS, is enhancing content moderation efficiency and is being integrated into various operational workflows to drive innovation [44][46] Question: What is the company's medium to longer-term strategy for the gaming business? - The strategy includes consolidating the core portfolio while expanding into new growth segments, focusing on mid-core and hardcore games, and leveraging localized publishing strengths [48][51] Question: Could management share more details on the share repurchase program announced earlier? - The company executed a total repurchase of $56.6 million in 2025 and plans to continue with a new program for up to $150 million, reflecting confidence in the business outlook [54][55]

Financial Data and Key Metrics Changes - In Q4 2025, revenues reached $83.9 million, with full-year revenues rising to $341.9 million, a significant increase driven by strong performance across the product ecosystem [7][8] - Net income grew by 10.4% year-over-year to $148.1 million, with Q4 net income increasing by 6.2% to $34.5 million [8][30][41] - The company maintained a net margin of 41.2%, up 5.4 percentage points year-over-year [30] Business Line Data and Key Metrics Changes - Revenues from game services grew by 9.1% year-over-year, reflecting the company's commitment to the gaming sector and effective marketing strategies [8][30] - The user base increased, with monthly active users (MAUs) rising by 8.2% year-over-year to 44.8 million [24] Market Data and Key Metrics Changes - The MENA digital entertainment market is experiencing significant growth, while mature gaming markets are seeing moderated growth [9][10] - The company is strategically positioned to capitalize on emerging opportunities in the MENA region, particularly in gaming [10][19] Company Strategy and Development Direction - The company plans to deepen engagement in key regional markets, particularly through partnerships like the one with the Saudi Esports Federation, which aligns with Vision 2030 [17][18] - A focus on integrating AI across various operations to enhance efficiency and user engagement is a key part of the company's strategy [15][22] Management's Comments on Operating Environment and Future Outlook - Management noted that recent geopolitical developments in the Middle East have had a limited impact on revenue, with user demand for community engagement remaining strong [55][56] - The company expects revenues for Q1 2026 to be between $75 million and $82 million, considering the impact of Ramadan [42] Other Important Information - The company executed $56.6 million in share repurchases in 2025 and plans to initiate a new share repurchase program for up to $150 million [20][21][80] - The company is committed to maximizing shareholder value through disciplined capital allocation [21][81] Q&A Session Summary Question: Can management brief us on the company's partnership with the Saudi Esports Federation? - The partnership aims to enhance brand visibility in Saudi Arabia and support women's participation in esports, aligning with the Saudi government's Vision 2030 [47][48] Question: Could management share the perspective on the evolving macro dynamics in the Middle East? - Management indicated that there has been no material revenue variation recently, and user demand for community engagement remains strong [55][56] Question: Could management provide an update on the product rollout and marketing schedule? - The company is preparing for the official launch of new games in Q2, with a gradual increase in marketing investments [60][61] Question: Could management share more details on the company's proprietary AI model? - The in-house developed AI model, CMIS, is enhancing content moderation efficiency and is being integrated into various operations [64][66] Question: What is the company's medium to long-term strategy for the gaming business? - The strategy includes consolidating the core portfolio while expanding into new growth segments, focusing on mid-core and hardcore games [72][76] Question: Could management share more details on the share repurchase program? - The company executed a total repurchase of $56.6 million in 2025 and plans to continue with a new program for up to $150 million [79][80]

Financial Data and Key Metrics Changes - In Q4 2025, revenues reached $83.9 million, approaching the high end of guidance, while total revenues for the full year rose to $341.9 million, driven by strong performance across the product ecosystem [5][20] - Net income grew by 10.4% year-over-year to $148.1 million, with a net margin of 41.2%, up 5.4 percentage points year-over-year [5][19] - For Q4 2025, net income was $34.5 million, a 6.2% increase from $32.5 million in Q4 2024 [25] Business Line Data and Key Metrics Changes - Revenues from game services grew 9.1% year-over-year, reflecting the company's commitment to the gaming business and effective marketing campaigns [5][19] - Monthly Active Users (MAUs) increased by 8.2% year-over-year to 44.8 million, driven by refined operations and engagement initiatives [15] Market Data and Key Metrics Changes - The MENA digital entertainment market continues to surge, while growth in mature gaming markets has moderated [6] - The gaming industry is experiencing structural divergence, with distinct economies and competitive dynamics emerging in sub-markets [6] Company Strategy and Development Direction - The company is focusing on deepening engagement in key regional markets, particularly through partnerships like the one with the Saudi Esports Federation, which aligns with Vision 2030 [11][12] - Yalla plans to unlock synergies between its social and gaming ecosystems to boost cross-product engagement and user lifetime value [13] Management's Comments on Operating Environment and Future Outlook - Management noted that recent geopolitical developments in the Middle East have had limited impact on revenue, with user demand for community engagement remaining strong [37] - For Q1 2026, revenues are expected to be between $75 million and $82 million, considering the impact of Ramadan [26] Other Important Information - The company executed $56.6 million in share repurchases in 2025 and has authorized a new share repurchase program for up to $150 million from March 2026 to March 2028 [12][56] - The company is committed to maximizing shareholder value through disciplined capital allocation [13][56] Q&A Session Summary Question: Can management brief us on the company's partnership with the Saudi Esports Federation? - The partnership aims to enhance brand visibility in Saudi Arabia and support women's participation in esports, aligning with the Saudi government's Vision 2030 [29][30] Question: Could management share the perspective on the evolving macro dynamics in the Middle East? - Management indicated that there has been no material revenue variation recently, and user demand for community engagement remains strong despite geopolitical tensions [36][37] Question: Could management provide an update on the product rollout and marketing schedule? - The company is preparing for the official promotion of its new match-three title, Turbo Match, in Q2, with monetization expected to ramp up in the second half of the year [39][41] Question: Could management share more details on the company's proprietary AI model and its future direction? - The in-house developed AI model, SIMIS, is enhancing content moderation efficiency and is being integrated into various operational workflows to drive innovation [44][46] Question: What is the company's medium to longer-term strategy for the gaming business? - The strategy includes consolidating the core portfolio while expanding into new growth segments, focusing on mid-core and hardcore games [48][51]

4 th Quarter 2025 Earnings Presentation Mar 2026 Disclaimer Agenda 4 th Quarter 2025 Achievements and Growth Strategies Recent Developments 4 th Quarter 2025 Financial Performance Overview 01 02 03 The information in this presentation is provided to you by Yalla Group Limited (the "Company") solely for informational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or instrument of the Company, or to participate in any investment activity or trading stra ...