| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,323.6 | 2,218.7 | 4.73 | ||
| Gross Profit (Loss) | 530.1 | 541.2 | -2.05 | ||
| Operational Profit (Loss) | 49.4 | 168.9 | -70.75 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 73 | 188 | -61.17 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 74.3 | 189.9 | -60.87 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,341.7 | 1,240.4 | 8.17 | ||
| Profit (Loss) per Share | 0.36 | 0.92 | |||
| 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 year compared to the last year | In FY2025, GMV increased 10.8% YoY to SAR 7.2 billion, driven by a 5.3% and 5.2% increase in number of orders and average order values (AOV) respectfully. Group net revenue grew 4.7% YoY to SAR 2,323.6million, driven primarily by strong growth in Non-KSA delivery platforms and the continued diversification of revenue streams. Commission revenue grew 16.3% to SAR 1,113.8 million, offsetting a 13.1% decline in delivery fee revenue, primarily as a result of the competitive intensity in the Saudi market. Gross profit remained resilient at SAR 530.1 million in FY2025 representing a gross margin of 22.8%, down only 1.6 percentage points despite heightened pricing competition. This underscores the benefits of the Group’s diversified revenue model and ongoing improvements in delivery cost efficiency, which helped mitigate the impact of lower delivery fees across the broader markets. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Operating expenses increased to SAR 469.1 million (+26.1% YoY), reflecting higher marketing investment to defend the Group’s share in the existing markets and the consolidation of Snoonu's cost base from Q4 2025. Adjusted EBITDA came in at SAR 193.0 million with an 8.3% margin, while net income attributable to shareholders was SAR 73.0 million. KSA delivery platform segment remained profitable in FY2025, generating net income of SAR 214.8 million, an Adjusted EBITDA margin of 11.9%, and a net profit margin of 12.2%. Revenue declined 8.6% YoY as Jahez responded to evolving market conditions by aligning delivery fees more competitively and increasing its focus on commission-based monetization. Jahez International Delivery Platforms Segment saw its net revenue rising 118.3% YoY to SAR 462.4 million, while Adjusted EBITDA losses narrowed significantly to SAR 14.4 million, with margin improving to negative 3.1% from negative 26.5% in FY2024. The performance was supported by the impact of the Snoonu acquisition, which was consolidated from Q4 2025 and increased the scale of the international portfolio. As for Logi, the Group's logistics operations in Saudi Arabia, generated net revenue of SAR 428.8 million, a 1.4% increase YoY. Adjusted EBITDA was SAR 24.3 million with a 5.7% margin, compared to SAR 29.0 million (6.9% margin) in FY 2024, as the segment scales its sponsored fleet. Importantly, Logi’s growing in-house delivery capacity has been a meaningful contributor to reducing overall per-delivery unit economics for the Group, helping to partially offset the impact of lower delivery fees in the competitive KSA market. During the year. The segment recorded a net loss of SAR 25.5 million (vs. SAR -7.8 million in FY 2024), driven primarily by higher depreciation charges as the fleet expands. The Other Activities segment, which includes Co, Marn, Sol, Red Color investments and other subsidiaries, grew net revenue 48.4% to SAR 108.0 million, driven by the expansion of adjacent service lines and subsidiary contributions. Adjusted EBITDA losses widened to SAR 25.7 million, while net loss attributable to shareholders of parent company increased to SAR 82.5 million from SAR 33.0 million in FY 2024. The YoY decline was primarily driven by a significant increase in expected credit losses (ECL), which rose to SAR 29.4 million in FY 2025 from SAR 0.5 million in the prior year. Additionally, the Group recognized a goodwill impairment on Marn of SAR 11.8m and higher loss in its Red Color portfolio due to fair value declines recorded during the period. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 full year 2025, please refer to the earning release in the attached file. • Jahez Group will be hosting an Earnings Call on Monday the 30th of March 2026 at 4:00 p.m. KSA Time to present its full year 2025 financial results. For Earnings Call details, please email IR@jahez.net • The Consolidated Financial Statements For the year ended 31 December 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 |
