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Leejam Sports Company Announces Its interim Consolidated Financial Results for the Period Ended On 30th June 2025 (Six months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 376 | 339 | 10.914 | 369 | 1.897 |
| Gross Profit (Loss) | 135 | 133 | 1.503 | 130 | 3.846 |
| Operational Profit (Loss) | 93 | 100 | -7 | 89 | 4.494 |
| Net profit (Loss) | 72 | 73 | -1.369 | 71 | 1.408 |
| Total Comprehensive Income | 71 | 72 | -1.388 | 71 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 744 | 680 | 9.411 |
| Gross Profit (Loss) | 264 | 271 | -2.583 |
| Operational Profit (Loss) | 183 | 198 | -7.575 |
| Net profit (Loss) | 143 | 167 | -14.371 |
| Total Comprehensive Income | 142 | 167 | -14.97 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,267 | 1,136 | 11.531 |
| Profit (Loss) per Share | 2.76 | 3.2 | |
| 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 | Leejam Sports Company (the “Company” or “Group”) is pleased to announce its interim condensed consolidated financial statements for the period ended on 30 June 2025, where the Q2 2025 revenue amounted to SAR 376 million, achieving a growth of 11% vs. Q2 2024. The increase in revenues came mainly from the following: - Increase in subscriptions & membership revenue by 8% compared to Q2 2024 as a result of the increase in number of centers and members. - Increase in PT revenue by 17% compared to Q2 2024. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company achieved a net profit of SAR 72 million in Q2 2025, a decline of 1% vs. Q2 2024. This is due to the following: - An increase of 17% in overall cost of revenue compared to Q2 2024 due to the net addition of 28 Fitness Time centers during the last 12 months. - An increase in G&A and S&M expenses by 26% due to investments in high-caliber talent, digital transformation projects and organizational development initiatives. - Lower profit from short term Murabaha Q2 2025 included the following: - A reversal of SAR 3 million impairment related to centers that had previously been impaired - Reversal of zakat provision amounting to SAR 3.7 million related to previous period. - Losses of SAR 2 million incurred which are related to investment in an associate. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in Q2 2025revenues by 2% compared to the previous quarter is mainly due to higher member count. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in Q2 2025 net profit by 1% compared to the previous quarter is mainly due to higher member count. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The 1st half of 2025 revenue amounted to SAR 744 million, achieving a growth of 10% vs. 1st half of 2024. The increase in revenues came mainly from the following: - Increase in subscriptions & membership revenue by 9% compared to 1st half of 2024 as a result of the increase in number of centers and members. - Increase in PT revenue by 9% compared to 1st half of 2024. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The Company achieved a net profit of SAR 143 million in the 1st half of 2025, a decline of 15% vs. 1st half of 2024. This is due to the following: - An increase of 18% in overall cost of revenue compared to 1st half of 2024 due to the increase in number of Fitness Time centers. - An increase in G&A and S&M expenses by 14% due to investments in high-caliber talent, digital transformation projects and organizational development initiatives. - Lower profit from short term Murabaha 1st half of 2025 also included the following: - A reversal of SAR 3 million impairment related to centers that had previously been impaired - Reversal of zakat provision amounting to SAR 3.7 million related to previous period. - Losses of SAR 5 million incurred which are related to investment in an associate. - SAR 8 million one off profit arising mainly from resuming construction in a previously impaired center in Taif, Saudi Arabia. |
| 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 | N/A |
| Additional Information | - The company achieved an 8% growth in the number of subscriptions sold during Q2 2025. - The company has been able to change the subscription mix towards short-term, where in Q2 2025 the mix became similar to the historical trend. Although the deferred revenue pool include a portion of long-term mix which will take until Q3 2025 to be phased out. - The Xpress segment's contribution to the sales mix has increased, with the number of Xpress customers increasing by 65% compared to a 5% increase in the number of members in large centers. - Basic and diluted earnings per share is calculated by dividing the net profit attributable to the equity holders of the parent company for the period ended 30 June 2025 with the weighted average number of shares outstanding during the period, which consisted of 52,253,327 weighted average number of shares for the period (Q2 2024: 52,383,361 shares) |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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