Jahez International Company for Information System Technology (Jahez) announces its interim consolidated Financial Results for the Period Ending on 30-06-2026 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 763 | 567.1 | 34.544 | 725.1 | 5.226 |
| Gross Profit (Loss) | 137.2 | 119.3 | 15.004 | 169.2 | -18.912 |
| Operational Profit (Loss) | -22.2 | 14.8 | - | -9.31 | 138.453 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -17.4 | 23.6 | - | -9.2 | 89.13 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -17.4 | 19.7 | - | -9.2 | 89.13 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,488.1 | 1,093 | 36.148 |
| Gross Profit (Loss) | 306.4 | 245.3 | 24.908 |
| Operational Profit (Loss) | -31.5 | 49.1 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -26.6 | 58.9 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -26.6 | 53 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,319.2 | 1,302.8 | 1.258 |
| Profit (Loss) per Share | -0.13 | 0.29 | |
| 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 | Group Net Revenue grew 34.5% YoY to SAR 763.0 million in Q2 2026, with commission revenue increasing 33.2% to SAR 376.3 million and advertising and marketing revenue rising 122.1% to SAR 42.7 million, with Group GMV increasing 40.4% YoY to SAR 2.5 billion, driven by a 26.5% increase in orders to 36.4 million and a 11.0% increase in Average Order Value (AOV) to SAR 69.2. Segments: KSA Delivery Platforms: KSA Delivery Platforms recorded a Net Revenue of SAR 415.5 million in Q2 2026, decreasing 13.1% comparing to Q2 2025, mainly driven by the change in the revenue mix where Commission and Ads Revenue showed a growth while Delivery Revenue declined in line with the marketing investment and the promotional activity to regain market share International Delivery Platforms: The International Delivery Platforms segment reported Net Revenue of SAR 328.7 million in Q2 2026, compared with SAR 65.3 million in Q2 2025, primarily reflecting the consolidation of Snoonu following the completion of the acquisition in Q4 2025 and continued strong growth in Qatar. Other Activities: The Other Activities segment, which includes Co, Marn, Sol, Red Color investments and other subsidiaries, generated Net Revenue of SAR 19.1 million in Q2 2026, down 22.6% YoY, primarily reflecting the ongoing restructuring of Marn and the continued repositioning of the business toward higher-quality merchant cohorts aimed at improving the underlying credit-risk profile. |
| 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 loss attributable to shareholders was SAR 17.4 million , reflecting continued deliberate investment in customer acquisition, retention and reactivation in KSA to support momentum and market share recovery, together with launch-phase investment in Snoonu’s international rollout beyond Qatar which delivered continued and strong profitable growth. 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 | Group Net Revenue grew 5.2% QoQ to SAR 763.0 million in Q2 2026. Segments: KSA Delivery Platforms: KSA Delivery Platforms Net Revenue grew 5.4% QoQ supported by commission revenue growing 19.2% and continuous growth in the Gross Merchandise Value (GMV) up 11.7% QoQ and the order volume up 19.6% . International Delivery Platforms: Net Revenue increased 6.4% from Q1 2026 supported by order volume growth and Commission and Ads Revenue improvement. Other Activities: The Other Activities segment, which includes Co, Marn, Sol, Red Color investments and other subsidiaries, generated Net Revenue of SAR 19.1 million in Q2 2026 decreasing 16.1% YoY. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net Loss attributable to shareholders was SAR 17.4 million. Profitability reflected the continued deliberate strategic investment in customer retention and reactivation in KSA to maintain momentum, launch-phase investment in Snoonu’s international rollout, and the impact of competitive market conditions, partly offset by improved delivery-cost efficiency and higher commission monetization. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Net Revenue up 36.1% to SAR 1.5 billion. Growth was primarily supported by the momentum regain in KSA and the contribution of Snoonu through the continued scaling of the Group’s international platform, consistent with the strategy outlined in Q1 to expand Jahez’s multi-vertical regional ecosystem. Segments: KSA Delivery Platforms: In H1 2026, KSA Delivery Platforms generated Net Revenue of SAR 809.7 million with improved commission monetization and delivery cost efficiency partially offsetting the impact of lower delivery fees and higher promotional spend versus H1 2025. International Delivery Platforms: In H1 2026, Net Revenue increased to SAR 637.6 million (H1 2025: SAR 120.7 million). The first full half-year contribution from Snoonu has materially expanded the scale of Jahez’s international portfolio. Other Activities: The Other Activities segment, which includes Co, Marn, Sol, Red Color investments and other subsidiaries, generated Net Revenue SAR 41.9 million, down 14.9% YoY, primarily reflecting the ongoing restructuring of Marn and the continued repositioning of the business toward higher-quality merchant cohorts aimed at improving the underlying credit-risk profile. |
| 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 loss attributable to shareholders was SAR 26.6 million in H1 2026 , reflecting continued deliberate investment in customer acquisition, retention and reactivation in KSA to support momentum and market share recovery, together with launch-phase investment in Snoonu’s international rollout beyond the Qatar operations continuous profitable growth. 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. |
| 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 half of 2026, please refer to the earning release in the attached file. • Jahez Group will be hosting an Earnings Call on Monday the 17th of August 2026 at 4:00p.m. KSA time to present financial results for Q2 and H1 2026. For Earnings Call details, please email IR@jahez.net • The Interim Consolidated Financial Statements for the six months ended 30 June 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 |  |
