Sport Clubs Co. Reports SAR 18.20M Net Profit in the Six Months 2026
SPORT CLUBS 6018.SA | 0.00 |
On 2026-08-02 08:08:50 (Saudi Time), Sport Clubs Co. 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 | 106,378,475 | 84,409,730 | 26.026 | 86,115,623 | 23.529 |
| Gross Profit (Loss) | 33,963,425 | 22,199,946 | 52.988 | 21,813,679 | 55.697 |
| Operational Profit (Loss) | 22,533,294 | 15,389,781 | 46.417 | 11,702,876 | 92.544 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 13,794,922 | 6,866,979 | 100.887 | 4,401,191 | 213.436 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 14,054,106 | 6,020,492 | 133.437 | 1,146,777 | 1,125.53 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 192,494,098 | 166,849,415 | 15.369 |
| Gross Profit (Loss) | 55,777,104 | 39,411,024 | 41.526 |
| Operational Profit (Loss) | 34,236,170 | 25,552,739 | 33.982 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 18,196,113 | 10,272,790 | 77.129 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 15,200,883 | 8,440,865 | 80.086 |
| Total Shareholders Equity (after Deducting Minority Equity) | 285,711,724 | 176,800,065 | 61.601 |
| Profit (Loss) per Share | 0.159 | 0.099 | |
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, sales/revenue increased 15.369% YoY to SAR 192.49 million (from SAR 166.85 million), driven primarily by a 26.4% rise in sport clubs subscription revenues (from SAR 128.8 million to SAR 162.7 million) and a 99.1% surge in personal training, other health services, and accessories revenues (from SAR 13.9 million to SAR 27.6 million), supported by new club openings and brand conversions, partially offset by a 91.1% decline in sports solutions revenues due to the absence of construction contracts. Net profit attributable to shareholders rose 77.129% YoY to SAR 18.20 million (from SAR 10.27 million), driven by higher revenues, improved gross profit margins across segments — with men's centers (Body Masters) growing 33.0% and ladies' centers (Body Motions) growing 34.4% — higher other income, and the non-recurrence of exceptional listing-related expenses of SAR 585,462 recorded in the prior period, though partially offset by higher general and administrative expenses, marketing expenses, and finance costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 23.5% (from SAR 86.11 million to SAR 106.38 million), driven by membership growth, higher subscription revenues, and the opening of 5 new clubs during the current quarter, along with growth in personal training and other services revenues. Net profit surged 213.4% QoQ (from SAR 4.40 million to SAR 13.79 million), primarily attributable to the higher revenues, a significant improvement in gross profit margin from 25.3% to 31.9%, and operating leverage resulting from higher club utilization.
Other Items
Sport Clubs Co. received an unmodified conclusion from its external auditor for the interim period ending June 30, 2026, with no additional comments noted in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No material risks such as going concern uncertainties or debt covenant breaches were disclosed. No accumulated losses or fair value changes in investment properties were reported. As additional context provided by the company, during the current quarter, 5 new clubs were opened, bringing total operational clubs to 63, and total active members reached 168.4 thousand as of June 30, 2026, representing a 22.5% increase compared to the same period of the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97138&anCat=1&cs=6018&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/27992_7726_2026-08-01_23-43-59_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.