Jarir Marketing Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,720.2 | 2,649.8 | 2.656 | 2,864.4 | -5.034 |
| Gross Profit (Loss) | 302.7 | 294.7 | 2.714 | 352.7 | -14.176 |
| Operational Profit (Loss) | 235.7 | 237.5 | -0.757 | 294.3 | -19.911 |
| Net profit (Loss) | 217.3 | 219.3 | -0.911 | 275.3 | -21.067 |
| Total Comprehensive Income | 217.3 | 214.2 | 1.447 | 277.8 | -21.778 |
| 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) | 1,686.2 | 1,709.8 | -1.38 |
| Profit (Loss) per Share | 0.18 | 0.18 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 | Reasons for increase
- Sales increased by 2.7% due to increased sales in certain sections, especially the smartphones and after sale services sections. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Reasons for decrease
- Although both sales and gross profit increased by 2.7% and despite the increase in other income, the net profit decreased slightly by less than 1% due to the increased selling and marketing expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Reasons for decrease
- Sales decrease by 5% compared to the previous quarter (fourth quarter of last year) which achieved record quarterly sales, was due to lower sales in several sections, especially the smartphone section. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Reasons for decrease
- Despite 5% decline in sales, the gross profit witnessed a further decline reaching 14.2%, due to a relatively lower profit margin on sales of computer and tablet section. - Increased selling and marketing expenses. - Decrease in other income. |
| 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) | Other Matter
The interim condensed consolidated financial statements of the Group for the three-month period ended 31 March 2024 were reviewed by another auditor who expressed an unmodified conclusion on those interim condensed consolidated financial statements on 5 Thul-Qi’dah 1445H (corresponding to 13 May 2024). |
| Reclassification of Comparison Items | None |
| Additional Information | The same quarter of the previous year witnessed less comprehensive income than net profit, mainly due to the exchange losses related to the subsidiary in Egypt as a result of the Egyptian authorities’ decision during the same quarter of the previous year to devalue the Egyptian pound against foreign currencies, including the Saudi Riyal.
The company adopts the cost model for measurement of investment properties. A new showroom was opened on 12/1/2025 inside Red Sea Mall at King Abdul Aziz Road in Jeddah, and opened a showroom on 24/2/2025 in Al-Fanateer district in Jubail Industrial City, as a replacement for the showroom in Al-Huwailat district in Jubail. |
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