AI Summary
- Leejam Sports Company reported a net profit of SAR 63 million for Q2 2026, a 13% decrease from SAR 72 million in Q2 2025, while H1 2026 net profit fell 22% year-on-year to SAR 112 million.
- Quarterly revenue grew 9% to SAR 411 million, driven by an 8% increase in active members to 523,000 and the net addition of 20 centers over the last 12 months, bringing the total network to 247 facilities.
- Profitability was primarily impacted by a decline in gross profit margin to 34% (down from 36%) as newly opened centers continue to mature, coupled with a 32% rise in finance costs due to higher borrowing for capital expenditures and lease liabilities.
- The female center segment emerged as the fastest-growing division with a 19% year-on-year revenue increase to SAR 114 million, while overall net profit recovered 29% sequentially compared to Q1 2026 as member activity rebounded after the Ramadan and Eid seasonal impact.
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