Saudi Equity Research - Jarir Marketing Company 4Q25 - First Look Note
Revenue grew 13.9% YOY to SAR 3,195 Mn in 4Q25, primarily driven by higher sales of smartphones, computers, tablets, and after-sales services. Net profit grew 12.5% YOY, lower than growth in gross profit which rose 14.2% YOY, mainly due to higher selling & marketing, G&A, and lower other income.