Jarir Marketing Reports SAR 253.5M Net Profit in Three Months 2026
JARIR 4190.SA | 0.00 |
On 2026-05-11 15:57:13 (Saudi Time), Jarir Marketing Co. 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 | 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 by increased sales in most sections, especially smartphones. Net profit rose 16.658% YoY to SAR 253.5 million, attributed to higher gross profit from increased sales and improved expense ratios relative to gross profit compared to the previous year.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 4.9% to SAR 3,038.5 million due to decreased sales in certain departments, especially smartphones, compared to the previous quarter which achieved record sales. Net profit fell 18.2% to SAR 253.5 million as gross profit dropped 15.2% from lower profit margins across sections. Despite total operating expenses decreasing, they represented a higher percentage of gross profit, amplifying the net profit decline beyond the gross profit decrease.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, with the company maintaining positive shareholders' equity of SAR 1,700.6 million. Comprehensive income of SAR 250.5 million was slightly lower than net profit due to foreign exchange losses from the Egyptian subsidiary caused by Egyptian pound depreciation against foreign currencies including the Saudi riyal. The company opened two new showrooms during the period and reclassified certain comparative figures to conform with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95253&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.