Jahez International Company for Information System Technology (Jahez) announces its interim consolidated Financial Results for the Period Ending on 31-03-2025 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 525.96 | 480.93 | 9.363 | 595.5 | -11.677 |
| Gross Profit (Loss) | 125.98 | 95.64 | 31.723 | 166.7 | -24.427 |
| Operational Profit (Loss) | 34.25 | 5.2 | 558.653 | 61.96 | -44.722 |
| Net profit (Loss) | 35.32 | 12.45 | 183.694 | 65.14 | -45.778 |
| Total Comprehensive Income | 33.32 | 11.7 | 184.786 | 67.09 | -50.335 |
| 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) | 1,277.28 | 1,152.83 | 10.795 |
| Profit (Loss) per Share | 0.17 | 0.06 | |
| 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 | Jahez Group delivered a strong performance in Q1 2025, with strong revenue growth, increased order volumes, and improved operational efficiencies. The Group reported Q1 2025 Net Revenue of SAR 526.0 million, a 9.4% increase YoY, mainly driven by:
• 7.3% YoY rise in total orders, accompanied by a 10.5% increase in the Active Users YoY. • Improved take rate from 14.4% in Q1 2024 to 14.9% in Q1 2025, reflecting successful negotiations with key partners and enhancing value per transaction. • Increased average order value to SAR 63.1 compared to SAR 61.0 in Q1 2024, driven by seasonality offerings and customer purchasing behaviors during Ramadan. • Substantial growth in Advertising Revenues, up 93.2% year-over-year to SAR 30.7 million, driven by new initiatives such as the launch of the Explore and Fawasel functions on the app for improved visibility and user experience, and enhanced geo-targeting algorithms to increase advertising availability. The introduction of the new Reels functionality (Fawasel) to the Jahez app is expected to further boost advertising revenue in the near to mid-term. • Other Revenues generated by the Group’s new verticals (Sol, Co, and Marn) along with Blu Store Direct Sales, experienced significant YoY expansion of 55.5%. |
| 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 Net Profit attributable to shareholders of the Group increased by 184.7% YoY to SAR 35.3 million in Q1 2025. This growth was driven by substantially improved profitability in Kuwait and Bahrain, the ramp up and scaling of the logistics segment to leverage economies of scale, and the strong performance in KSA platforms YoY. Delivery Platforms – KSA Segment: • Net Income showed a slight decline from SAR 57.3 million in Q1 2024 to SAR 53.7 million mainly due to lower Income from Deposits of SAR 11.2m comparing to SAR 14.6m in Q1 2024. Delivery Platforms – Non KSA Segment: • The segment recorded Net losses of SAR 2.8 million in Q1 2025 compared to net losses of SAR 27.1 million in Q1 2024, Jahez Group remains focused on growing its Kuwait and Bahrain market share in a profitable way through increased operational efficiencies and leveraging its strong value proposition to drive top-line growth. Logistic Segment: • Net losses narrowed significantly to SAR 2.9 million, down from SAR 6.6 million in Q1 2024, despite the decline in productivity in increased Ramadan-related costs and ramp-up expenses. Others Segment: • The Group’s Others Segment reported net losses of SAR 14.7 million in Q1 2025 impacted by an increase in the losses of fair value of the minority investments in Red Color. |
| 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 526.0 million, a 11.7% decrease compared to the previous quarter SAR 595.5 million is due to seasonal consumption patterns. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Net Profit attributable to shareholders of the Group decreased by %45.8 reaching SAR 35.3 million in the current quarter compared to SAR 65.1 million in the previous quarter. is due to seasonal consumption pattern and Ramadan season effect. |
| 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 | • Jahez Group will be hosting an Earnings Call on Wednesday the 14 of May 2025 at 4:00p.m. KSA Time to present financial results for Q1 2025. For Earnings Call details, please email IR@jahez.net • The Consolidated Financial Statements for the Year ended on 31st March 2025 will be available through the Jahez Group IR App, in addition to Jahez Group’s website through the following link: www.jahezgroup.com |
| Attached Documents |  |
