Jahez net profit reaches SAR 121.5M in 9M 2025, SAR 62.6M in Q3

Jahez International Company for Information System Technology (Jahez) reported a net profit of SAR 121.5 million for the first nine months of 2025, compared with SAR 122.8 million in the year-earlier period.

The company attributed the lower profit to a Zakat provision reversal of SAR 7 million.

On the other hand, revenue rose slightly by 0.2% year-on-year (YoY), mainly driven by a 3.7% rise year-on-year (YoY) in total orders, aided by a 2.7% increase in the average order value.

The group’s average commission rate improved from 14.6% in the first nine months of 2024 to 15.5% in the same period of 2025, supported by successful negotiations with key partners, which enhanced the value per transaction.

Advertising revenue grew by 31.9% YoY, reaching SAR 74.4 million, driven by new initiatives such as “Explore” and “Fawasel” features on the app to improve visibility and user experience, as well as enhanced geo-targeting algorithms to increase ad exposure opportunities.

Additionally, other revenues generated through the group’s new subsidiaries — Sol, Co, and Marn — along with direct sales through the “Blu” platform, recorded strong growth of 48.1% during the first nine months of 2025.

In Q3, Jahez posted a 21.9% drop in net earnings to SAR 62.6 million, from SAR 80.2 million in the third quarter of 2024, hurt by increased local market competition.

Conversely, net earnings nearly tripled quarter-on-quarter (QoQ) from SAR 23.6 million, thanks to a rise in revenue due to seasonal changes in consumption patterns.

Jahez also recorded a significant increase in the unit of economics (UOE) from SAR 1.8 per order to SAR 3.4 per order on adjusted EBITDA level.

Total shareholders’ equity, after minority interest, increased to SAR 1.36 billion as of Sept. 30, 2025, from SAR 1.17 billion a year earlier.

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