Leejam expects 1.5-2% higher cost of revenue on new utility prices

Logo of Leejam Sports Co.

Leejam Sports Co. said the adjusted utility tariffs set to come into effect in early 2027 is likely to push its cost of revenue up by 1.5-2%, based on its actual 2026 consumption levels, according to a Tadawul disclosure today, Nov. 5.

 

The increase follows a regulatory decision to adjust electricity and water tariffs effective Jan. 1, 2027, which will apply across all the company's fitness centers and facilities in Saudi Arabia through higher consumption tier tariffs and increased fixed monthly meter fees.

 

Leejam added that it is working on energy and water efficiency initiatives to help cushion the related financial impact, which is expected to start showing in Q1 2027.

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