Sport Clubs Company announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 105,133,537 | 97,874,213 | 7.416 | 84,409,730 | 24.551 |
| Gross Profit (Loss) | 38,648,192 | 31,535,171 | 22.555 | 22,199,946 | 74.091 |
| Operational Profit (Loss) | 24,813,520 | 22,474,285 | 10.408 | 15,389,781 | 61.233 |
| Net profit (Loss) | 16,317,493 | 14,233,952 | 14.637 | 6,866,979 | 137.622 |
| Total Comprehensive Income | 14,159,770 | 13,765,582 | 2.863 | 6,020,492 | 135.192 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 271,982,952 | 238,376,943 | 14.097 |
| Gross Profit (Loss) | 78,059,216 | 66,419,884 | 17.523 |
| Operational Profit (Loss) | 50,366,259 | 43,616,686 | 15.474 |
| Net profit (Loss) | 26,590,283 | 23,606,838 | 12.638 |
| Total Comprehensive Income | 22,600,635 | 19,387,648 | 16.572 |
| Total Shareholders Equity (after Deducting Minority Equity) | 264,803,563 | 156,368,018 | 69.346 |
| Profit (Loss) per Share | 0.249 | 0.227 | |
| All figures are in (Actual) 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 (Actual) 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 | The increase in revenue by 7.4% during the current quarter compared to the same quarter of the last year is mainly due to the improved performance and higher number of members in existing clubs, in addition to the contribution from five new clubs opened during this year and the reopening of one club after a comprehensive refurbishment, which led to a 28.6% increase in subscriptions revenues.
Revenues from men’s clubs (Body Masters) increased by 27.2%, while revenues from ladies’ clubs (Body Motions) increased by 21.6%. In addition, revenues from health club services (such as personal training, body composition measurements, and nutrition services…) increased by 7.5%, despite a 96.7% decrease in revenues from the Sports Solutions segment (Body Experts). |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The increase in net profit by 14.6% during the current quarter compared to the same quarter of the previous year is mainly due to the increase in revenues and the improvement in profit margins, despite the presence of exceptional expenses during the third quarter of this year amounting to SAR 4,163,326, compared to SAR 2,030,660 in the same quarter of the previous year, related to the company’s IPO project, representing an increase of 105.0%, in addition to an exceptional gain in the third quarter of the current year resulting from the termination of one lease contract in accordance with International Accounting Standard (IFRS 16), amounting to SAR 711,190.
It is worth noting that the net profit growth, when excluding those exceptional items, reaches 21.5%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenue by 24.6% during the current quarter compared to the last quarter is mainly due to the higher number of members in existing clubs, in addition to the contribution from three new clubs opened during the third quarter and the reopening of one club after a comprehensive refurbishment, which led to a 33.9% increase in subscriptions revenues.
Revenues from men’s clubs (Body Masters) increased by 38.4%, while revenues from ladies’ clubs (Body Motions) increased by 29.7%. In addition, revenues from health club services (such as personal training, body composition measurements, and nutrition services…) increased by 39.7%, despite a 92.9% decrease in revenues from the Sports Solutions segment (Body Experts). |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit by 137.6% during the current quarter compared to the last quarter is mainly due to the increase in revenues and the improvement in profit margins, despite the presence of exceptional expenses related to the company’s IPO project amounting to SAR 445,462 during the second quarter, compared to SAR 4,163,326 during the third quarter, representing an increase of 835% in this item, in addition to an exceptional gain in the third quarter of the current year resulting from the termination of one lease contract in accordance with International Accounting Standard (IFRS 16), amounting to SAR 711,190.
It is worth noting that the net profit growth, when excluding those exceptional items, reaches 170.4%. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The increase in revenue by 12.4% during the current period compared to the same period of the last year is mainly due to the increase in revenues across all segments, driven by the improved performance of existing clubs and the growth in the number of member base, in addition to the contribution of the five new clubs opened during the year and the reopening of one club after a comprehensive refurbishment during the third quarter, which led to a 17.7% increase in subscriptions revenues.
Revenues from men’s clubs (Body Masters) increased by 14.1%, while revenues from ladies’ clubs (Body Motions) increased by 13.0%, and from the Sports Solutions segment (Body Experts) by 17.7%. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit by 12.6% during the current period compared to the same period of the previous year is mainly due to the increase in revenues and the improvement in profit margins, despite the presence of exceptional expenses during the nine month period of the current year amounting to SAR 4,748,788, compared to SAR 2,030,660 during the same period of the previous year, related to the company’s IPO project, representing an increase of 133.9% in this item, in addition to an exceptional gain in the nine months period of the current year resulting from the termination of one lease contract in accordance with International Accounting Standard (IFRS 16), amounting to SAR 711,190, compared to an amount of SAR 2,052,719 during the same period of last year.
It is worth noting that the net profit growth, when excluding those exceptional items, reaches 29.9%. |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | - |
| Attached Documents |  |
Comments