Jarir Marketing Company announces the estimated financial results for the period ending on 30-06-2025 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,648.3 | 2,650 | -0.064 | 2,720.2 | -2.643 |
| Gross Profit (Loss) | 274.4 | 262.5 | 4.533 | 302.7 | -9.349 |
| Operational Profit (Loss) | 216.9 | 189 | 14.761 | 235.7 | -7.976 |
| Net profit (Loss) | 197.2 | 171.1 | 15.254 | 217.3 | -9.249 |
| Total Comprehensive Income | 197.6 | 169.2 | 16.784 | 217.3 | -9.065 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,368.5 | 5,299.8 | 1.296 |
| Gross Profit (Loss) | 577.1 | 557.1 | 3.59 |
| Operational Profit (Loss) | 452.6 | 426.5 | 6.119 |
| Net profit (Loss) | 414.5 | 390.4 | 6.173 |
| Total Comprehensive Income | 414.9 | 383.4 | 8.215 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,655.8 | 1,651 | 0.29 |
| Profit (Loss) per Share | 0.35 | 0.33 | |
| 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 decrease
- Despite increased sales of several sections, total sales during the current quarter witnessed a marginal decrease compared to the same quarter of the previous year, impacted by a decline in sales of the video games section. |
| 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
- Despite the marginal decrease in sales, net profit grew by 15.3%, due to: -Increase in gross profit of 4.5%, driven by increased sales of after-sales service being relatively highly profitable, and driven also by a relative improvement in profit margins. - Increase of 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
Decrease in total sales of 2.6% compared to the previous quarter of this year is mainly due to a decline in sales of the smartphone section. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Reasons for decrease
Net profit decreased by 9.2% during the current quarter compared to the previous quarter of the current year due to: - Decrease in sales of 2.6%. - Greater decrease in gross profit than sales, as gross profit decreased by 9.3% due to a relative decrease in profit margin compared to the previous quarter of the current year. |
| 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
-Increase in total sales of 1.3% is mainly due to increased sales in the smartphone, after-sales service, computers, and tablets sections. |
| 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
- Sales increase by 1.3%. - Gross profit increase by 3.6%, which is higher than the increase in sales due to a relative improvement in profit margins in certain sections and due to the increase in sales of after-sales service being relatively highly profitable. - Increase in other income. |
| 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, 2025 are prepared by the management of the Company and have not yet been reviewed by the external auditor. |
| Reclassification of Comparison Items | None |
| Additional Information | Comprehensive income for the same period last year was less than net profit, mainly due to the exchange losses related to the subsidiary in Egypt as a result of the Egyptian authorities’ decision to devalue the Egyptian pound against foreign currencies, including the Saudi Riyal.
The company adopts the cost model for measurement of investment properties. A new showroom was opened on 12/1/2025 inside Red Sea Mall at King Abdul Aziz Road in Jeddah. Moreover, a showroom was opened on 24/2/2025 in Al-Fanateer district in Jubail Industrial City, as a replacement for the showroom in Al-Huwailat district in Jubail, and a showroom on 4/6/2025 in Onaizah city as a replacement for the showroom in the same city. |
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