Jarir Marketing Reports SAR 253.5M Net Profit in Three Months 2026
JARIR 4190.SA | 15.20 | -1.23% |
On 2026-04-16 08:14:34 (Saudi Time), Jarir Marketing Company announced its quarterly 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 | 3,038.5 | 2,656.7 | 14.371 | 3,195.3 | -4.907 |
| Gross Profit (Loss) | 341.7 | 302.7 | 12.884 | 402.9 | -15.189 |
| Operational Profit (Loss) | 268.6 | 235.7 | 13.958 | 326.9 | -17.834 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 253.5 | 217.3 | 16.658 | 309.8 | -18.173 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 250.5 | 217.3 | 15.278 | 308.6 | -18.826 |
| 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) | 1,700.6 | 1,686.2 | 0.853 |
| Profit (Loss) per Share | 0.21 | 0.18 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 14.371% YoY to SAR 3,038.5 million, driven primarily by higher sales across most sections, especially smartphones. Net profit rose 16.658% YoY to SAR 253.5 million, attributed to the 12.884% increase in gross profit from higher sales, while selling, marketing, and administrative expenses represented a lower proportion of gross profit compared to the previous year. The stronger net profit growth of 16.7% exceeded gross profit growth due to improved operational efficiency and better expense management relative to revenue generation.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 4.907% from 3,195.3 million to 3,038.5 million SAR, primarily due to decreased sales in certain departments, especially smartphones, following the previous quarter's record performance. Net profit fell 18.173% from 309.8 million to 253.5 million SAR, driven by a steeper 15.189% decline in gross profit due to reduced profit margins across sections. While operating expenses decreased in absolute terms, they represented a higher percentage of gross profit compared to the previous quarter, amplifying the net profit decline.
Other Items
The external auditor issued an unmodified conclusion. These estimated financial results for the period ended March 31, 2026 are prepared by the management of the Company and have not yet been reviewed by the external auditor. No accumulated losses were reported. Total shareholders equity increased 0.853% to SAR 1,700.6 million. Earnings per share improved from SAR 0.18 to SAR 0.21. The company opened two new showrooms during the period and experienced foreign exchange losses from its Egyptian subsidiary due to Egyptian pound depreciation against the Saudi riyal.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94465&anCat=1&cs=4190&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.