BURGERIZZR Reports SAR 5.72M Net Profit in Three Months 2026
BURGERIZZR 6016.SA | 0.00 |
On 2026-05-07 08:01:42 (Saudi Time), Shatirah House Restaurant Co. "BURGERIZZR" announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 104,715,367 | 78,433,557 | 33.508 | 106,342,681 | -1.53 |
| Gross Profit (Loss) | 36,415,591 | 23,973,791 | 51.897 | 35,872,466 | 1.514 |
| Operational Profit (Loss) | 7,587,407 | 2,354,959 | 222.188 | 6,692,269 | 13.375 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 5,722,053 | 1,896,008 | 201.794 | 3,993,426 | 43.286 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5,722,053 | 1,896,008 | 201.794 | 3,671,711 | 55.841 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 86,081,419 | 72,152,863 | 19.304 |
| Profit (Loss) per Share | 0.1 | 0.03 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 33.508% YoY to SAR 104.72 million, driven by newly opened branches, same-store sales growth at Burgerizzr, and consolidation of the newly acquired Coffee Bean Trading Company (Shovel) brand following its acquisition in Q4 2025. Net profit surged 201.794% YoY to SAR 5.72 million, primarily due to improved gross profit margins from 30.6% to 34.8% resulting from lower food costs and enhanced operational efficiency. Despite increased selling expenses of SAR 5.5 million and administrative expenses of SAR 1.7 million mainly from the Shovel acquisition, the significant revenue growth and margin improvements drove the substantial profit increase.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 1.53% to 104.72 million due to the impact of Ramadan during the latter part of the quarter. Net profit increased 43.286% to 5.72 million, driven by improved gross profit margin from 33.7% to 34.8% due to enhanced operational efficiency and one-off expenses in the previous quarter. Administrative expenses decreased by 0.25 million due to prior quarter one-off costs, while finance costs increased by 0.12 million.
Other Items
The auditors issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity increased 19.304% to SAR 86,081,419. Earnings per share improved from SAR 0.03 to SAR 0.1. The company expanded its branch network to 138 locations compared to 109 in the previous year, including the addition of SHOVEL brand branches and 15 new Burgerizzr locations, offset by one branch closure. Comparative figures for Q1 2025 were restated to reflect adjustments from the 2024 financial statements restatement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95049&anCat=1&cs=6016&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.