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Jahez International Company for Information System Technology (Jahez) announces its interim consolidated Financial Results for the Period Ending on 31-03-2026 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 725.11 | 525.96 | 37.864 | 697.34 | 3.982 |
| Gross Profit (Loss) | 169.15 | 125.98 | 34.267 | 152.57 | 10.867 |
| Operational Profit (Loss) | -9.31 | 34.25 | - | -42.23 | -77.954 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -9.18 | 35.32 | - | -48.57 | -81.099 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -9.18 | 33.32 | - | -47.21 | -80.554 |
| 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) | 1,334.92 | 1,277.16 | 4.522 |
| Profit (Loss) per Share | -0.05 | 0.17 | |
| 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 | In Q1 2026, GMV increased 39.5% YoY to SAR 2.3 billion, driven by an increase in number of orders and average order values (AOV). Total orders increased 21.3% YoY to 31.7 million, while AOV increased 15.0% YoY to SAR 72.5, reflecting improved order mix, continued scale, and the impact of the consolidation of Snoonu. Group net revenue grew 37.9% YoY to SAR 725.1 million, driven primarily by the consolidation of Snoonu, which led to a 5.6x revenue growth in Jahez’s non-KSA segment, more than offsetting a 12.0% decline in the KSA segment. Group commission revenue grew 34.1% to SAR 329.9 million and delivery fee revenue increased 10.8% to SAR 272.0 million, primarily due to Snoonu consolidation, which more than offset the impact of competitive pressures in Saudi Arabia. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Gross profit increased to SAR 169.1 million during Q1 2026 (+34.3% YoY), representing a gross margin of 23.3% which decreased only 0.6 percentage points despite heightened pricing competition, as the benefits of a more diversified revenue mix and improved delivery cost efficiency largely offset the impact of lower delivery fees in KSA. Operating expenses increased to SAR 179.9 million, primarily reflecting the consolidation of Snoonu’s cost base, a planned increase in marketing and advertising investments to support customer acquisition and retention in KSA. Adjusted EBITDA came in at SAR 43.6 million with a 6.0% margin, while net loss attributable to shareholders was SAR 9.2 million. The profitability decline YoY was the result of a deliberate and measured trade-off to invest in retaining and reclaiming customers following a period of elevated promotional activity across the industry. Please note that, in the corresponding quarter of the previous year, total comprehensive income, and net profit (loss) attributable to the Company’s shareholders were announced, which explains the difference between the two figures. This was corrected in the current quarter through the disclosure of total comprehensive income attributable to the issuer’s shareholders and net profit (loss) attributable to the Company’s shareholders. |
| 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 725.1 million, a 4.0% increase compared to the previous quarter SAR 697.3 million is due to the improvement was supported by the upgraded Jahez app user interface (UI) despite the inclusion of Ramadan, marking an improvement versus the typical seasonal step-down. Average order value increased 4.5% QoQ to SAR 72.5 and therefore resulted in GMV increasing 7.8% compared to the prior quarter despite the full impact of Ramadan in Q1 2026. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Net loss attributable to shareholders of the Group decreased by %81.1 reaching SAR -9.2 million in the current quarter compared to SAR -48.6 million in the previous quarter. The improvement was supported by the upgraded Jahez app user interface (UI) despite the inclusion of Ramadan, marking an improvement versus the typical seasonal step-down and the impact of the consolidation of Snoonu during the Q4 – 2025 which improved the scale and profitability of the international portfolio. |
| 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 Quarter 2026, please refer to the earning release in the attached file. • Jahez Group will be hosting an Earnings Call on Monday the 18th of May 2026 at 3:00 p.m. KSA Time to present its Q1 2026 financial results. For Earnings Call details, please email IR@jahez.net • The Consolidated Financial Statements For the Quarter ended 31 March 2026 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 |  |
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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