- Gross Profit: Gross profit increased by 3.2% or SAR 29.7 million year-over-year, reaching SAR 966.0 million compared to SAR 936.2 million in the same quarter last year. Moreover, gross margin improved to 38.2% from 37.9% in the same quarter last year, supported by a favorable shift in product mix in the retail business.

- Operating Profit: The company’s operating profit reached SAR 260.6 million, lower by SAR 12.8 million, compared to SAR 273.4 million in the same quarter last year, mainly driven by the accelerated business expansions.

Items below operating profit reflected a net increase in expenses of SAR 3.4 million.

As a result of the above, the company reported a 3.8% decline in the net profit.

- Gross Profit: Gross profit grew by 6.6% or SAR 118.2 million year-over-year, reaching SAR 1,909.8 million compared to SAR 1,791.6 million in the same period last year, supported by revenue growth. Gross margin stood at 37.0%, compared to 37.9% in the same period last year, mainly driven by the ongoing investments to support top-line growth and the accelerated growth in the Healthcare and online businesses, which operate not only with lower gross margins but also benefit from lower operating expenses.

- Operating Profit: The company’s operating profit grew by 5.1%, supported by an increase in gross profit. During the period, the company accelerated new store openings while continuing to invest in the expansion of its Healthcare and UAE businesses, as well as in digital transformation initiatives. These investments led to higher operating expenses and affected the phasing of expenses throughout the period, impacting the profitability growth. However, this impact was partially offset by ongoing operational efficiency initiatives, which contributed to an improvement in operating expenses as a percentage of revenue by 0.4%, reaching 27.1%, compared to 27.5% in the same period last year. Consequently, operating profit reached SAR 530.6 million compared to SAR 505.1 million in the same period last year.

Items below operating profit reflected a net increase in expenses of SAR 12.7 million, primarily to support revenue growth and accelerated business expansions.

As result of the above factors, the company reported a 2.7% growth in the net profit

- In accordance with the company’s governance, it strictly adheres to Shariah principles in all areas of its business, including banking and investment activities. As a result, all costs incurred, and revenues generated from these activities are Shariah-compliant.