Jarir Marketing Reports SAR 489M Net Profit in the Six Months 2026
JARIR 4190.SA | 0.00 |
On 2026-08-10 15:44:52 (Saudi Time), Jarir Marketing Co.(4190.SA) announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,774 | 2,588.6 | 7.162 | 3,038.5 | -8.704 |
| Gross Profit (Loss) | 340.3 | 274.4 | 24.016 | 341.7 | -0.409 |
| Operational Profit (Loss) | 252.5 | 216.9 | 16.413 | 268.6 | -5.994 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 235.6 | 197.2 | 19.472 | 253.5 | -7.061 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 237.8 | 197.6 | 20.344 | 250.5 | -5.069 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,812.5 | 5,245.3 | 10.813 |
| Gross Profit (Loss) | 682 | 577.1 | 18.177 |
| Operational Profit (Loss) | 521.1 | 452.6 | 15.134 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 489 | 414.5 | 17.973 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 488.3 | 414.9 | 17.691 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,686.4 | 1,655.7 | 1.854 |
| Profit (Loss) per Share | 0.41 | 0.35 | |
| 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
For the six-month period ending 30 June 2026, Jarir Marketing Co. reported sales/revenue of SAR 5,812.5 million, up 10.813% YoY from SAR 5,245.3 million, driven primarily by increased sales across most product sections — especially smartphones — along with strong performance from GCC subsidiaries benefiting from prior-period inventory build-up and the quality of the company's logistics system. Net profit attributable to shareholders rose 17.973% YoY to SAR 489 million from SAR 414.5 million, supported by gross profit growth of 18.177% (SAR 682 million vs. SAR 577.1 million), which outpaced revenue growth due to an improved gross profit margin, as supply scarcity led the company to refrain from offering promotional price reductions.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 8.704% to SAR 2,774 million (from SAR 3,038.5 million in the previous quarter), driven by a pullback in certain departments — particularly the smartphone section, which had achieved record sales in the prior quarter. Despite the revenue drop, gross profit fell only marginally by 0.409% to SAR 340.3 million (vs. SAR 341.7 million), reflecting an improved gross profit margin in the current quarter. However, net profit declined 7.061% to SAR 235.6 million (from SAR 253.5 million), primarily due to higher selling and marketing expenses, increased general and administrative expenses, and decreased other income.
Other Items
The external auditor issued an unmodified conclusion with no additional comments in any other matter, reservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No accumulated losses were reported. The difference between total comprehensive income and net profit is mainly attributable to foreign currency translation differences related to the subsidiary in Egypt due to changes in the Egyptian pound conversion rate against foreign currencies, including the Saudi riyal. The company adopts the cost model for measurement of investment properties. During the current period, three new showrooms were opened: on 26/1/2026 inside Al Alya Mall in Madinah, on 17/2/2026 inside Al Baha Square commercial complex in Al-Baha, and on 19/4/2026 inside Granada Mall in Riyadh; two replacement showrooms were also opened on 8/4/2026 inside the Gate Mall in Kuwait (replacing the showroom in Sama Mall) and on 7/6/2026 on Al Madinah Road in Jeddah (replacing the showroom on King Abdulaziz Road in Jeddah). The company's showroom located on King Abdulaziz Road in Riyadh was closed effective 10/5/2026. Certain comparative figures have been reclassified to conform with the presentation of the current period.
Original announcement:
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