Jarir Marketing Company announces the estimated financial results for the period ending on 30-06-2026 (Six Months)

Jarir Marketing Company reported a net profit of SAR 489 million for the first half of 2026, marking a 17.97% increase compared to SAR 414.5 million in the same period last year.
Total revenues for the six-month period reached SAR 5.81 billion, a 10.81% year-on-year growth driven by strong sales in smartphones and positive performance from GCC subsidiaries supported by effective logistics and inventory management.
Profitability was bolstered by an improvement in gross profit margins as supply scarcity led to reduced promotional discounting and a favorable sales mix toward higher-margin items like books and school supplies, though quarterly net profit fell 7.06% sequentially due to higher operating expenses and record smartphone sales in the previous quarter.
The company expanded its retail footprint by opening three new showrooms in Madinah, Al-Baha, and Riyadh and two replacement showrooms in Kuwait and Jeddah, while total shareholders' equity reached SAR 1.69 billion.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,774	2,588.6	7.162	3,038.5	-8.704
Gross Profit (Loss)	340.3	274.4	24.016	341.7	-0.409
Operational Profit (Loss)	252.5	216.9	16.413	268.6	-5.994
Net Profit (Loss) Attributable to Shareholders of the Issuer	235.6	197.2	19.472	253.5	-7.061
Total Comprehensive Income Attributable to Shareholders of the Issuer	237.8	197.6	20.344	250.5	-5.069
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	5,812.5	5,245.3	10.813
Gross Profit (Loss)	682	577.1	18.177
Operational Profit (Loss)	521.1	452.6	15.134
Net Profit (Loss) Attributable to Shareholders of the Issuer	489	414.5	17.973
Total Comprehensive Income Attributable to Shareholders of the Issuer	488.3	414.9	17.691
Total Shareholders Equity (after Deducting Minority Equity)	1,686.4	1,655.7	1.854
Profit (Loss) per Share	0.41	0.35
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 increase of 7.2% is due to increased sales in most sections especially the smartphones. In addition, sales performance of the Company's subsidiaries in the GCC was good, benefiting from the inventory built up in prior periods as well as the quality of the Company's logistics system.
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 increase - The increase in net profit is attributed to gross profit growth of 24% , which exceeded the growth rate in sales due to an improvement in the gross profit margin, as supply scarcity prompted the Company not to offer promotional price reduction. Gross profit also benefited from a favorable change in the sales mix toward relatively higher-margin product sections, with sections such as school supplies and books achieving higher sales. However, net profit increased by 19.5%, a rate lower than the increase in gross profit, primarily due to higher selling and marketing expenses, increased general and administrative expenses, and decreased other income.
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 of 8.7% compared to the previous quarter of the current year is due to the decline in sales in certain departments, especially the smartphone section which achieved record sales in the previous quarter.
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 the 8.7% decline in sales, gross profit decreased marginally by 0.4%, reflecting an improvement in the gross profit margin during the current quarter compared with the previous quarter of the current year. However, net profit declined by 7.1% manily due to higher selling and marketing expenses, increased general and administrative expenses, and decreased other income
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Reasons for increase - Sales increase of 10.8% is due to increased sales in most sections especially the smartphones. In addition, sales performance of the Company's subsidiaries in the GCC was good, benefiting from the inventory built up in prior periods as well as the quality of the Company's logistics system.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Reasons for increase - The increase in net profit by 18% is attributed to gross profit growth of 18.2%, which exceeded the growth rate in sales due to an improvement in the gross profit margin, as supply scarcity promopted the Company not to offer promotional price reduction.
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)	These estimated financial results for the period ended June 30, 2026 are prepared by the management of the Company and have not yet been reviewed by the external auditor.
Reclassification of Comparison Items	Certain comparative figures have been reclassified to conform with the presentation of the current period.
Additional Information	The difference between total comprehensive income and net profit is mainly attributable to foreign currency translation differences related to the subsidiary in Egypt due to change in the Egyptian pound conversion rate against foreign currencies, including the Saudi riyal. The company adopts the cost model for measurement of investment properties. Three new showrooms were opened during the current period on 26/1/2026 inside Al Alya Mall in Madinah, on 17/2/2026 inside Al Baha Square commercial complex in Al-Baha and on 19/4/2026 inside Granada Mall in Riyadh. also two replacment showrooms were opened during the period on 8/4/2026 inside the Gate Mall in Kuwait, as a replacement for the showroom in Sama Mall, and a showroom on 7/6/2026 on Al Madinah Road in Jeddah as a replacement for the showroom located on King Abdulaziz Road in Jeddah.