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Armah Sports Company announces its Interim Financial results for the Period Ended On 31 March 2026 (Three Months) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	53.7	51.3	4.678	62.1	-13.526
Gross Profit (Loss)	26.4	25	5.599	32.5	-18.769
Operational Profit (Loss)	15.8	25.3	-37.549	10.9	44.954
Net Profit (Loss) Attributable to Shareholders of the Issuer	11.6	19	-38.947	16.6	-30.12
Total Comprehensive Income Attributable to Shareholders of the Issuer	11.5	19	-39.473	16.6	-30.722
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)	564	552.6	2.062
Profit (Loss) per Share	0.35	0.58
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	Armah Sports Company (the “Company” or “Armah”) delivered strong financial performance in first quarter of 2026, achieving continued revenue growth, with total revenue reaching SAR 53.7 million. This revenue increase is mainly attributable to the following factors: • Subscription and membership revenue growth of 4%, driven by membership growth, continued maturation of clubs, and growth in average revenue per member. • Personal Training revenue growth of 4%, supported by strong demand for high-quality training services. • Growth in ancillary revenue streams from clubs. Deferred revenue increased by 13% compared to the end of the first quarter of the previous year, reflecting strong membership renewals and sustained demand momentum, enhancing revenue visibility for future periods.
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 Profit attributable to shareholders reached SAR 11.6 million, representing a 39% decrease compared to first quarter of 2025. This was mainly attributable to: • The presence of a non-recurring item in first quarter of 2025 related to gain arising from a sublease transaction amounting to SAR 9.5 million. • Cost of revenue increased by 4%, consistent with higher activity levels. • Operating expenses increased by 15%, reflecting strategic investments in automation, and expenses related to preparation of our application for transitioning to the Main Market. This was despite decrease in Interest expenses reflecting financing and lease liabilities associated with the Company’s expansion activities. It is worth noting that, excluding the impact of the non-recurring item recognized during the first quarter of 2025, net profit attributable to shareholders would amount to SAR 9.5 million. Compared to the net profit attributable to shareholders for the first quarter of 2026, which amounted to SAR 11.6 million, this represents an increase of 22% compared to the first quarter of 2025.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue declined by 14% in Q1 2026 compared to Q4 2025, primarily due to seasonality factors, including the impact of Ramadan and Eid during the first quarter, while Q4 benefited from stronger demand supported by deferred revenue from the September National Day campaign.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Net Profit attributable to shareholders declined by 30% in Q1 2026 compared to Q4 2025, primarily due to seasonality variations in sales.
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	Certain comparative figures have been reclassified, wherever considered necessary for the purposes of comparison and better presentation. These financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed in the Kingdom of Saudi Arabia by the Saudi Organization for Chartered and Professional Accountants (SOCPA).
Additional Information	Armah continues to enhance shareholder value through disciplined expansion, improved operational efficiency, and the implementation of best governance practices. The Company also focuses on achieving sustainable growth, strengthening its revenue base, and maintaining a strong financial position to support its future expansion plans. Basic and diluted earnings per share are calculated by dividing the net profit attributable to the shareholders of the company for the period ended 31 March 2026, with the weighted average number of shares outstanding during the year: 32,859,166 shares.