Jamjoom Fashion posts 17% rise in 9M 2024/25 earnings to SAR 94.3M

14/08/2025 Argaam Exclusive

Jamjoom Fashion Co., which owns and manages Nayomi and Mihyar brands, reported earnings of SAR 94.3 million for the first nine months ended June 2025, up 17% compared to SAR 80.5 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 472.57 540.36 14.3 %
Gross Income 326.23 378.19 15.9 %
Operating Income 88.39 105.86 19.8 %
Net Income 80.53 94.29 17.1 %
Average Shares 7.95 7.95 -
Earnings Per Share before unusual items (Riyals) 10.13 11.86 17.1 %
EPS (Riyal) 10.13 11.86 17.1 %

The nine-month revenue rose 14% year-on-year (YoY) to SAR 540.4 million, driven by a 13% increase in Nayomi brand revenue to SAR 453.6 million, and a 22% growth in Mihyar brand revenue.

 

Gross margin grew to 70% in 9M 2024/25, from 69% in the same period last year, due to a lower cost-to-revenue ratio.

 

Operating margin increased YoY to 20% from 19% despite higher selling, distribution, and administrative expenses.

 

EBITDA rose 17% to SAR 201.9 million in 9M 2024/25, versus SAR 172.6 million in the same period. Other income also soared by 42% during the same period.

 

However, finance costs surged by SAR 2.8 million to SAR 9.1 million for the nine-mont period. Other operating expenses also climbed by 7%, with Zakat expenses following suit.

 

Shareholders’ equity, no minority interest, reached SAR 204.03 million by the end of the period, compared to SAR 109.738 million as of September 30, 2024.

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