On 2026-08-10 08:14:40 (Saudi Time), Jahez International Company for Information System Technology (Jahez) 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, Jahez's sales/revenue grew 36.148% YoY to SAR 1,488.1 million (vs. SAR 1,093 million in H1 2025), primarily driven by momentum recovery in KSA delivery platforms and the first full half-year consolidation of Snoonu under the International Delivery Platforms segment, which saw net revenue surge to SAR 637.6 million from SAR 120.7 million in H1 2025, while the Other Activities segment declined 14.9% YoY due to the ongoing restructuring of Marn. Despite the strong top-line growth, the company swung to a net loss attributable to shareholders of SAR 26.6 million in H1 2026 from a net profit of SAR 58.9 million in H1 2025, reflecting deliberate and continued investment in customer acquisition, retention, and reactivation in KSA to support market share recovery, as well as launch-phase investment in Snoonu's international rollout beyond Qatar, which more than offset improvements in delivery-cost efficiency and commission monetization.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 5.226% to SAR 763.0 million in Q2 2026, driven by KSA Delivery Platforms Net Revenue growing 5.4% QoQ (supported by commission revenue up 19.2% and GMV up 11.7%) and International Delivery Platforms Net Revenue increasing 6.4% QoQ on order volume growth and improved commission and ads revenue. Despite the top-line improvement, net loss attributable to shareholders deepened to SAR 17.4 million from SAR 9.2 million in the prior quarter, reflecting continued deliberate strategic investment in customer retention and reactivation in KSA, launch-phase investment in Snoonu's international rollout beyond Qatar, and the impact of competitive market conditions, only partly offset by improved delivery-cost efficiency and higher commission monetization.

Other Items

The external auditor issued an unmodified conclusion on the interim consolidated financial statements for the six months ended 30 June 2026, with no additional comments noted in any other matter, emphasis of matter, or adverse opinion paragraphs. No material risk warnings, such as going concern uncertainties or debt covenant breaches, were disclosed in the announcement. Total shareholders' equity (after deducting minority equity) stood at SAR 1,319.2 million as of 30 June 2026, compared to SAR 1,302.8 million in the same period of the prior year, representing a 1.258% increase. Loss per share for the current period was SAR -0.13, compared to earnings per share of SAR 0.29 in H1 2025. Gross profit for H1 2026 was SAR 306.4 million, up 24.908% from SAR 245.3 million in H1 2025, while the operational loss for the period was SAR 31.5 million, compared to an operational profit of SAR 49.1 million in H1 2025. Group GMV increased 40.4% YoY to SAR 2.5 billion in Q2 2026, driven by a 26.5% increase in orders to 36.4 million and an 11.0% increase in Average Order Value to SAR 69.2. No reclassification of comparison items was reported.

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