On 2026-08-04 08:07:58 (Saudi Time), Shatirah House Restaurant Co. "BURGERIZZR" announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, sales/revenue increased by 34.938% YoY to SAR 21.89 million (SAR 218,932,295 / 1,000,000 = SAR 218.93 million) from SAR 162.25 million, primarily driven by the consolidation of revenue from the newly acquired Coffee Bean Trading Company (Shovel) following its acquisition in Q4 2025, along with newly opened branches and same-store sales (SSS) growth of Burgerizzr, bringing the total branch count to 140 from 113. Net profit attributable to shareholders surged 265.574% YoY to SAR 11.21 million from SAR 3.07 million, mainly due to a SAR 27.1 million (56.1%) improvement in gross profit driven by lower food costs and improved operational efficiency (including Shovel's consolidation), partially offset by higher selling expenses of SAR 11.4 million (40.3%), increased administrative expenses of SAR 3.3 million (21%), and higher finance costs of SAR 1.7 million, all largely attributable to the consolidation of Coffee Bean Trading Company (Shovel) and expanded operations.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 9.073% to SAR 114.22 million (SAR 114,216,928 / 1,000,000 = 114.22 million) from SAR 104.72 million in the previous quarter, driven by same-store sales (SSS) growth across both Burgerizzr and Shovel brands, along with revenue contributions from new stores opened during the quarter. Despite the revenue growth, net profit attributable to shareholders declined 4.102% QoQ to SAR 5.49 million from SAR 5.72 million, as gross profit margin compressed from 34.8% to 34.0% due to higher raw material prices, while selling expenses increased by SAR 1.2 million (6%) in line with revenue growth. Additionally, loss on disposal of non-current assets increased by SAR 0.60 million, partially offset by a SAR 0.075 million rise in other income, with finance costs remaining broadly stable.

Other Items

Shatirah House Restaurant Co. "BURGERIZZR" received an unmodified conclusion from its external auditor for the interim period ending 30 June 2026, with no additional comments, reservations, disclaimers, or adverse opinions noted. No material risks such as going concern uncertainties or debt covenant breaches were flagged. The comparative figures for the three-month and six-month periods ended 30 June 2025 have been restated to reflect adjustments arising from the restatement of the 2024 financial statements, as previously disclosed in the 2025 annual results, with the impact updated in the Q2 2026 financial statements and disclosed in the relevant note. No reclassification of comparison items was reported. There were no accumulated losses or fair value changes in investment properties disclosed for the current period.

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