What to expect from Leejam in Q2 2026
Argaam highlights the expected results of Leejam Sports Co. in Q2 2026, in addition to the company’s key events, quarterly revenue and profit development, as well as performance and profitability indicators.
The company’s Q2 2026 revenues are expected to grow by 1.7% year-on-year (YoY) to SAR 382 million.
Quarter Revenue Changes (M Riyal)
| Item | Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 (Average Estimate) |
|---|---|---|---|---|---|
| Sales | 375.58 | 438.73 | 431.14 | 369.36 | 382.00 |
| Change % | 10.67% | 9.34% | 2.56% | 0.13% | 1.71% |
| Income from Affiliate | (2.18) | (1.12) | (1.32) | 0.00 | NA |
| Change % | NA | NA | NA | NA | NA |
Quarter Net Income Changes (M Riyal)
| Item | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 (Average Estimate) |
|---|---|---|---|---|---|
| Net Income | 73.11 | 82.09 | 78.79 | 48.83 | 51.01 |
| Extraordinary income/expense | 4.86 | 0.00 | (5.10) | 0.00 | - |
| Net Profit Before Unusual Items | 68.25 | 82.09 | 83.89 | 48.83 | - |
| EPS Before Unusual Items (Riyal/Share) | 1.30 | 1.57 | 1.60 | 0.93 | 0.97 |
Key events in Q2 2026
The company’s shareholders approved a cash dividend at 5.8% of capital, or SAR 0.58 per share, for Q1 2026.
Leejam opened four new branches, two of which were for men and two for women.
The gym operator’s deferred revenues jumped nearly 20.7% YoY to SAR 501 million in Q1 2026, but retreated 8.6% quarter-on-quarter. Deferred revenues are the subscriptions received in advance.
Quarterly Profit and Revenue (M Riyal)
Average estimates
Leejam is forecast to record a net profit of SAR 51 million in Q2 2026, down 25.3% from the earnings (before one-off and non-recurring items) in the same quarter last year, according to average estimates by seven research houses.
Quarterly Actuals vs Estimates (M Riyal)
Average Estimate (M Riyal)
| Analyst | Million Riyals |
|---|---|
| GIB Capital LLC | 61.00 |
| U-Capital Co. | 53.80 |
| SICO Bank | 52.00 |
| SNB Capital Company | 51.70 |
| ANB Capital | 48.80 |
| Al Rajhi Capital Company | 46.00 |
| AlJazira Capital Company | 43.80 |
| Average | 51.01 |
| Net Profit Before Unusual Items (2025 - Q2) | 68.25 |
| Change % | (25.25%) |
Performance and Profitability Indicators
The following table shows the stock performance and P/E ratio as well as the earnings per share trailing 12 months (TTM) and year to date (YTD):
Stock Performance
| Item | The Company | TASI |
|---|---|---|
| YTD | (29.10 %) | 2.42 % |
| Change(12M) | (50.32 %) | (1.64 %) |
| Previous Close | 70.35 | 10,775.46 |
| Recurring P/E (x) | 13.06 | 18.70 |
| EPS (TTM) before unusual items (SAR/Share) | 5.40 | - |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 13.07 |
| Recurring P/E (TTM) | 13.06 |
| P/BV | 3.21 |
| Dividend Yield | 3.52 % |
| Market Cap. (M) | 3,695.62 |
| Return on Average Assets | 7.33 % |
| Return on Average Equity | 23.67 % |
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