Leejam’s profit at SAR 305M in 2025; Q4 at SAR 79M

Leejam Sports Co. reported a net profit of SAR 305 million for 2025, a decline from SAR 457 million a year earlier.

The profit decline in 2025 was driven by the recognition of a non-recurring gain of SAR 92 million in 2024 from the sale of three land plots.

The company realized a 14% increase in the Total cost of revenues rose 14% year-on-year (YoY) in 2025 on higher number of centers. Finance costs grew 20% YoY on costs related to lease liabilities.

General, administrative, selling and marketing expenses increased 10% YoY on increased investment in talent acquisition, digital transformation projects, organizational development initiatives, and higher marketing investments.

The firm recognized a non-recurring item representing impairment of an investment in an associate amounting to SAR 9.6 million, losses from its share in the results of an associate amounting to SAR 7 million and a non-recurring item representing impairment of an investment in a subsidiary amounting to SAR 3.2 million.

Meanwhile, Leejam recorded lower income from short-term Murabaha, with SAR 0.9 million in 2025 compared to SAR 8.2 million in 2024.

This came despite the recognition of a non-recurring gain of SAR 11 million resulting from reversal of previously recognized impairment, major portion of which pertains to an under-construction club on which construction resumed during the year.

The company also recognized a non-recurring gain of SAR 3.7 million resulting from the reversal of a Zakat provision related to prior periods and a non-recurring gain of SAR 2.6 million resulting from the sale of a land plot in Qatif Governorate.

Q4 2025 net profit fell 23% to SAR 79 million, compared with SAR 102.4 million a year before.

On a quarterly basis, net profit dropped 3.8% from SAR 82.09 million in Q3 2025.

Total shareholders’ equity, no minority interest, stood at SAR 1.20 billion by Dec. 31, 2025, compared to SAR 1.23 billion a year earlier.

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