Jahez International Company for Information System Technology (Jahez) announces its interim consolidated Financial Results for the Period Ending on 30-09-2025 (Nine Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 533.3 | 601.3 | -11.308 | 567.1 | -5.96 |
| Gross Profit (Loss) | 132.3 | 157.6 | -16.053 | 119.3 | 10.896 |
| Operational Profit (Loss) | 42.6 | 74.4 | -42.741 | 14.8 | 187.837 |
| Net profit (Loss) | 62.6 | 80.2 | -21.945 | 23.6 | 165.254 |
| Total Comprehensive Income | 60.6 | 79.7 | -23.964 | 19.7 | 207.614 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,626.3 | 1,623.2 | 0.19 |
| Gross Profit (Loss) | 377.5 | 374.5 | 0.801 |
| Operational Profit (Loss) | 91.6 | 106.9 | -14.312 |
| Net profit (Loss) | 121.5 | 122.8 | -1.058 |
| Total Comprehensive Income | 113.6 | 122.7 | -7.416 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,368.3 | 1,170.8 | 16.868 |
| Profit (Loss) per Share | 0.6 | 0.6 | |
| 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 Q3 2025, GMV decreased -2.9% YoY to SAR 1.7 billion, as the increase in average order value was offset by a decline in total orders given increased competition in Saudi Arabia where the food delivery market showed a softer demand due to summer seasonality and lower AOV trends. As a result, the Group reported Net Revenue of SAR 533.3 million, an 11.3% decrease YoY mainly due to the decrease of orders and average delivery fees despite the increase of the commission revenue per order and the other revenues. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net Profit Attributable to shareholders of parent company reached SAR 62.6 million at the end of Q3 2025 (SAR 80.2 million in Q3 2024), the decline was due to an increased competition in Saudi market driving lower order volume and offsetting the increased average order values and take rates. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Group’s net revenue amounted to SAR 533.3 million, reflecting a 5.6% decline compared to the previous quarter, primarily due to seasonal shifts in consumer behavior. |
| 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 increased by 165.2% reaching SAR 62.6 million in the current quarter compared to SAR 23.6 million in the previous quarter due to the significant increase of UOE Saudi profitability from SAR 1.8 per order to SAR 3.4 per order on Adj.EBITDA level. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | In 9M 2025, GMV increased 6.5% YoY to SAR 5.1 billion, given a 3.7% increase in number of orders and a 2.7% increase in average order values. The Group reported Net Revenue of SAR 1.6 billion, an increase of 0.2% YoY, mainly driven by:
• 3.7% YoY rise in total orders, accompanied by a 2.7% increase in the average order value.
• Improved take rate from 14.6% in 9M 2024 to 15.5% in 9M 2025, supported by prioritization of high-value merchants and successful negotiations with key partners, resulting in enhanced value per transaction.
• Advertising Revenues grew by 31.9% YoY to SAR 74.4 million, driven by increased advertising demand from initiatives such as Explore and Fawasel (short-form reels) functions, enhanced geo-targeting algorithms, and customer segmentation 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 48.1% during 9M 2025. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit for the period was SAR 121.5 million, a slight decline of 1.1%, and net profit margins remained stable at 7.5%, supported by a reversal of zakat provisions due to reduction of the zakat base of SAR 7 million in relation to Snoonu investment. |
| 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 third quarter and Nine months of 2025, please refer to the earning release in the attached file.
• Jahez Group will be hosting an Earnings Call on Tuesday the 11th of November 2025 at 4:00 p.m. KSA Time to present its Q3 and Nine months 2025 financial results. For Earnings Call details, please email IR@jahez.net
• The Consolidated Interim Financial Statements for the Nine Months ended 30th September 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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