Riyadh, Saudi Arabia, 11 May 2025 - Jahez International Company for Information System Technology ('Jahez', or the 'Group', 6017 on the Saudi Exchange's TASI – Main Market), announces its financial results for the first quarter of 2025. The Group recorded strong year-on-year (YoY) growth across all geographies and verticals throughout Jahez's ecosystem.

 

 

'We've had a strong start to 2025, staying focused on the fundamentals, profitable growth, operational efficiency and building a strong ecosystem for merchants and users. Our core market in Saudi continues to perform well and we're seeing encouraging progress in Kuwait and Bahrain where we've significantly improved our financial position while maintaining market share.

What's especially promising is the traction we're seeing in our newer verticals which are starting to scale meaningfully. These are important parts of our core strategy to leverage our unique and diversified ecosystem as we create a broader tech-enabled commerce platform.

As we look ahead, we'll keep investing where it matters which are products, people and platform, while staying disciplined on execution. The focus remains on delivering value across the ecosystem and growing in a sustainable way.'

 

Jahez Group delivered a strong performance in Q1 2025, with strong revenue growth, increased order volumes, and improved operational efficiencies. The Group reported Q1 2025 Net Revenue of  526.0 million, a 9.4% increase YoY, mainly driven by:

Additionally, Other Revenues generated by the Group's new verticals (Sol, Co, and Marn) along with Blu Store Direct Sales, experienced significant YoY expansion of 55.5%.

Gross profit margin (% of Net Revenue) improved by 4.1 percentage points, reaching 24.0% in Q1 2025 (19.9% in Q1 2024), mainly due to cost efficiencies coupled with revenue growth. This improvement in cost structure has supported Jahez's growth initiatives across key cities in KSA and in Non- KSA platforms.

Net Profit attributed to the Shareholders of the Parent Company reached  35.3 million at the end of Q1 2025 ( 12.4 million in Q1 2024) with a significant increase of 184.7% YoY.