Jahez International Company for Information Systems Technology (6017) Q2 2025 earnings summary

Executive summary

• Achieved strong order growth in KSA, with a 14% YoY increase in Q2 2025 and expansion into new territories.

• Launched a unified application integrating grocery and shops, enhancing user experience and expanding verticals.

• Completed the acquisition of 76.56% of Snoonu, providing instant presence in Qatar and strengthening GCC leadership, for USD 234 million (SAR 877 million) in cash and shares.

• Revenue for H1 2025 reached SAR 1.09 billion, up 7% YoY, with net profit rising to SAR 53.0 million from SAR 43.0 million in the prior year period.

• Maintained robust operations and growth outlook, supporting FY 2025 guidance.

Financial highlights

• Group GMV reached 3.4b in H1 2025, up 12% YoY; Q2 2025 GMV was 1.8b, up 13% YoY.

• Net revenue for H1 2025 was 1.1b, up from 1.02b in H1 2024; Q2 2025 net revenue was 567.1m, up 4.8% YoY.

• Group net income for Q2 2025 was 19.7m (3.5% margin), down 37.2% YoY; H1 2025 net income was 53.0m, up 23.2% YoY.

• Gross profit for H1 2025 increased to SAR 245.3 million, with gross profit margin improving to 22.4% from 21.2% in H1 2024.

• Cash and cash equivalents stood at SAR 1.07 billion as of 30 June 2025; total assets increased to SAR 1.90 billion.

Outlook and guidance

• FY 2025 GMV guidance maintained at 9.8b–10.8b; net revenue guidance at 2.6b–3.0b; Adj. EBITDA guidance at 280m–330m.

• Guidance supported by robust operations, continued growth in KSA, and expansion in GCC markets.

• Continued growth expected in delivery and logistics segments, supported by recent acquisitions and market expansion.