Jahez Reports SAR 9.18M Net Loss in Three Months 2026
JAHEZ 6017.SA | 0.00 |
On 2026-05-11 08:17:27 (Saudi Time), Jahez International Company for Information System Technology 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 | 725.11 | 525.96 | 37.864 | 697.34 | 3.982 |
| Gross Profit (Loss) | 169.15 | 125.98 | 34.267 | 152.57 | 10.867 |
| Operational Profit (Loss) | -9.31 | 34.25 | - | -42.23 | -77.954 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -9.18 | 35.32 | - | -48.57 | -81.099 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -9.18 | 33.32 | - | -47.21 | -80.554 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,334.92 | 1,277.16 | 4.522 |
| Profit (Loss) per Share | -0.05 | 0.17 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 37.864% YoY to SAR 725.11 million, driven primarily by the consolidation of Snoonu which led to 5.6x revenue growth in the non-KSA segment, increased order volumes (+21.3% YoY), and higher average order values (+15.0% YoY). Net profit shifted from SAR 35.32 million profit to SAR 9.18 million loss, as increased operating expenses from Snoonu consolidation and higher marketing investments to combat competitive pressures in Saudi Arabia more than offset the 34.267% increase in gross profit.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 3.98% to SAR 725.11 million, supported by an upgraded Jahez app user interface and 4.5% growth in average order value to SAR 72.5, despite the seasonal impact of Ramadan. Net loss improved significantly by 81.1% to SAR -9.2 million from SAR -48.6 million in the previous quarter, driven by the UI improvements and benefits from Snoonu consolidation which enhanced international portfolio scale and profitability.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity increased 4.522% YoY to SAR 1,334.92 million. Earnings per share declined from SAR 0.17 profit to SAR 0.05 loss compared to the same quarter last year. The company reported adjusted EBITDA of SAR 43.6 million with a 6.0% margin, while gross margin decreased only 0.6 percentage points to 23.3% despite competitive pricing pressures due to improved delivery cost efficiency and diversified revenue mix.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95215&anCat=1&cs=6017&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/19333_6727_2026-05-10_21-00-41_en.pdfImportant 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.