On 2026-08-06 16:06:40 (Saudi Time), Jamjoom Fashion Trading Co. announced its Interim financial results for the nine months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the nine-month period ending 30 June 2026, sales increased 12.38% YoY to SAR 607.26 million (from SAR 540.36 million), driven by organic growth, higher customer footfall, increased average transaction values, the introduction of new product categories and store concepts, targeted marketing initiatives, and the net expansion of the store estate by 11 stores alongside the renovation or relocation of 8 stores. Net profit attributable to shareholders rose 3.012% YoY to SAR 97.13 million (from SAR 94.29 million), supported by sales growth and profitable store operations, though partially offset by gross margin pressure stemming from higher freight costs, which compressed the gross margin by approximately 1.5% YoY, while sales and marketing operating costs remained well controlled at approximately 46% of sales.

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 29.022% to SAR 182.05 million (from SAR 256.49 million in the previous quarter), driven entirely by the seasonal effect of Q2 encompassing the Holy month of Ramadan — the peak sales period in the retail sector. Consequently, net profit attributable to shareholders fell 72.709% QoQ to SAR 16.61 million (from SAR 60.87 million), as the lower revenue base directly compressed operating and net profitability. The company noted that Q3 performance remains profitable and consistent with Q3 of the prior year, underscoring the seasonal rather than structural nature of the decline.

Other Items

The external auditor issued an unmodified conclusion on the interim financial results for the nine months ended June 30, 2026, with no additional comments noted in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No accumulated losses were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 247,825 thousand as of the current period, compared to SAR 204,031 thousand in the same period of the prior year, representing an increase of 21.464%. Earnings per share for the current nine-month period were SAR 12.22, up from SAR 11.86 in the same period of the prior year. No material risks, going concern uncertainties, or debt covenant breaches were disclosed.

Original announcement:

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