Financial Results : Jarir Q1 2025 net profit down 1% to SAR 217.3M

Jarir Q1 2025 net profit down 1% to SAR 217.3M

20/04/2025 Argaam Exclusive

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Jarir Marketing Co. reported a net profit of SAR 217.3 million in Q1 2025, down 1% compared to SAR 219.3 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 2,649.85 2,720.18 2.7 %
Gross Income 294.65 302.67 2.7 %
Operating Income 221.12 215.03 (2.8 %)
Net Income 219.32 217.29 (0.9 %)
Average Shares 1,200.00 1,200.00 -
Earnings Per Share before unusual items (Riyal) 0.18 0.18 (0.9 %)
EPS (Riyal) 0.18 0.18 (0.9 %)

The profit decline was due to increased selling and marketing expenses.

 

However, Jarir posted a 2.7% increase in sales revenue, especially from the smartphones and after-sale services. It also reported higher gross profit and other income.

 

On a sequential basis, net profit dropped 21.1% from SAR 275.3 million in Q4 2024, due to lower sales.

 

Total shareholders’ equity, no minority interest, stood at SAR 1.68 billion as of March 31, 2025, compared to SAR 1.70 billion a year earlier.

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