Jahez International Company for Information System Technology (Jahez) announces its interim consolidated Financial Results for the Period Ending on 30-06-2025 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 567.1 | 541 | 4.824 | 526 | 7.813 |
| Gross Profit (Loss) | 119.3 | 121.3 | -1.648 | 126 | -5.317 |
| Operational Profit (Loss) | 14.8 | 27.3 | -45.787 | 34.3 | -56.851 |
| Net profit (Loss) | 23.6 | 30.2 | -21.854 | 35.3 | -33.144 |
| Total Comprehensive Income | 19.7 | 31.3 | -37.06 | 33.3 | -40.84 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,093 | 1,021.9 | 6.957 |
| Gross Profit (Loss) | 245.3 | 216.9 | 13.093 |
| Operational Profit (Loss) | 49.1 | 32.5 | 51.076 |
| Net profit (Loss) | 58.9 | 42.7 | 37.939 |
| Total Comprehensive Income | 53 | 43 | 23.255 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,302.8 | 1,136.2 | 14.662 |
| Profit (Loss) per Share | 0.29 | 0.21 | |
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The Group reported Q2 2025 Net Revenue of SAR 567.1 million, a 4.8% increase from SAR 541.0 million in Q2 2024, mainly driven by:
• 11.7% YoY rise in total orders, accompanied by a 9.1% increase in the Active Users YoY.
• Improved take rate from 14.6% in Q2 2024 to 15.7% in Q2 2025, reflecting successful negotiations with key partners and enhancing value per transaction.
• Increased average order value to SAR 62.3 compared to SAR 61.9 in Q2 2024.
• Advertising Revenues grew by 26.9% YoY to SAR 19.2 million, driven by increased advertising demand from initiatives such as Explore and Fawasel (short-form video reels) functions, and enhanced geo-targeting algorithms to increase advertising availability.
Additionally, Other Revenues, generated by the Group’s newer verticals (Sol, Co, and Marn) along with Blu Store Direct Sales, experienced significant YoY expansion of 64.9% during Q2 2025 reflecting the group's continued efforts in building an integrated ecosystem that supports expansion and sustainable growth across various segments.
(Other Revenues: Refers to non-commission revenue, such as sales from Marn, SOL, and Blu). |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Group Net Profit Attributable to shareholders of the parent company was SAR 23.6 million in Q2, down 22.0% YoY, mainly impacted by the lower EBITDA and higher depreciation. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Group reported Net Revenue of SAR 567.1 million, a 7.8% increase compared to the previous quarter due to:
• a 10.3% QoQ rise in total orders.
• Improved take rate from 14.9% in Q1 2025 to 15.7% in Q2 2025, reflecting successful negotiations with key partners and enhancing value per transaction.
• an increase in other revenues by 22.5% generated by the Group’s newer verticals (Sol, Co, and Marn) along with Blu Store Direct Sales. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net Profit attributable to shareholders of the parent company decreased by 33.2% reaching SAR 23.6 million in the current quarter compared to SAR 35.3 million in the previous quarter due to increased marketing and promotion campaigns and lower EBITDA. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Group Net Revenue up 7.0% YoY to SAR 1.1 billion (H1 2024: SAR 1.0 billion), driven by higher total orders, average order value, improved take rate, and significant growth in advertising and Other Revenues. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | In the first half, Group Net Profit attributed to shareholders of the parent company was SAR 58.9 million, up 38% YoY, supported by improved profitability in Non KSA platforms and Logistics Segment.
Segment wise, KSA remained the key profit engine, while Non KSA losses narrowed materially on improved operating discipline. Logistics H1 loss narrowed 25.5% YoY despite continued investment to scale sponsored drivers (4,508 vs. 1,853 in Q2 2024). The Others segments reflect ongoing development of newer verticals and investments while operational performance within the segment continues to improve as scale builds. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | • For further details on the Group's financial performance for the first half of 2025, please refer to the earning release in the attached file.
• Jahez Group will be hosting an Earnings Call on Tuesday the 12th of August 2025 at 4:00p.m. KSA Time to present its H1 2025 financial results. For Earnings Call details, please email [email protected]
• The Consolidated Interim Financial Statements for the Six Months ended 30th June 2025 will be available through the Jahez Group IR App, in addition to Jahez Group’s IR website through the following link:
www.jahezgroup.com |
| Attached Documents |  |
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