Leejam Sports Reports SAR 49M Net Profit in Three Months 2026
LEEJAM SPORTS 1830.SA | 0.00 |
On 2026-04-28 08:03:22 (Saudi Time), Leejam Sports Company 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 | 369 | 369 | - | 431 | -14.385 |
| Gross Profit (Loss) | 118 | 130 | -9.23 | 181 | -34.806 |
| Operational Profit (Loss) | 77 | 89 | -13.483 | 123 | -37.398 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 49 | 71 | -30.985 | 78 | -37.179 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 48 | 71 | -32.394 | 77 | -37.662 |
| 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) | 1,152 | 1,238 | -6.946 |
| Profit (Loss) per Share | 0.96 | 1.36 | |
| 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 remained flat YoY at SAR 369 million despite seasonal challenges from Ramadan and Eid Al-Fitr occurring entirely within Q1 2026, with like-for-like revenues declining 8% due to competitive pressures offset by 111% growth in non-like-for-like revenues from center expansion. Net profit declined 30.985% YoY to SAR 49 million, primarily driven by a 9% decrease in gross profit due to higher cost of revenues from new centers, 26% increase in finance costs to SAR 28.6 million from higher borrowing levels and lease liabilities, and the absence of a SAR 8.4 million non-recurring impairment reversal that benefited Q1 2025.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 14.385% to SAR 369 million primarily due to seasonality, as Q4 benefited from the high sales season during the Saudi National Day campaign throughout September. Net profit fell 37.179% to SAR 49 million, mainly driven by the seasonal revenue decline and continued impact of competitive pressures in key markets.
Other Items
The auditors issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity decreased 6.946% to SAR 1,152 million compared to the same period last year. The company opened 8 centers and closed 1 in Q1 2026, and purchased 598,427 of its shares at an average price of SAR 81.9364 per share. Discontinued operations have been presented separately with amounts exclusive of discontinued operations amounts.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94722&anCat=1&cs=1830&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/7994_1281_2026-04-27_20-57-05_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.