Saudi Equity Research - Jarir Marketing Company 2Q25 - First Look Note
Revenue fell marginally 0.1% YOY to SAR 2,648 Mn in 2Q25 due to a decline in sales of video games. Gross profit increased 4.5% YOY to SAR 274 Mn, which contributed to a rise in sales of after-sales service margins.
Saudi Equity Research - Jarir Marketing Company 1Q25 - First Look Note
Revenue rose 2.7% YOY to SAR 2,720 Mn in 1Q25 due to growth in the smartphone and after-sales service segment. Gross margin remained flat at 11.1% in 1Q25 compared to 1Q24. Operating profit declined 0.8% YOY to SAR 236 Mn in 1Q25 due to a rise in selling and marketing expenses. Operating margins fell 30 bps YOY to 8.7% in 1Q25.
The Company’s revenue increased 8.8% YOY to SAR 2,650 Mn in 2Q24 attributable to a growth in the sale of smartphones, computers, televisions, and video games.
