What was Jarir's net profit for the first half of 2026?

Jarir's net profit reached SAR 489 million, up 17.97% from H1 2025.

What drove Jarir's half-year profit increase?

Revenue grew 10.81% driven by smartphone sales and GCC subsidiary performance, plus improved gross margin due to supply scarcity.

What was Jarir's Q2 2026 revenue?

Q2 revenue was SAR 2.774 billion, down 8.7% from Q1.

Were Jarir's financial results audited?

The H1 results were prepared by management and not yet reviewed by the external auditor; the auditor's conclusion is noted as 'unmodified conclusion'.

Jarir Marketing H1 Net Profit Up 18% to SAR 489M

Jarir Marketing Company (4190) posted a 17.97% YoY rise in net profit to SAR 489 million for the first half of 2026, supported by a 10.81% revenue increase to SAR 5.812 billion. However, Q2 net profit declined 7.06% QoQ.

Jarir Marketing Company (Ticker: 4190) announced its interim financial results for the six months ended June 30, 2026, reporting a net profit of SAR 489 million, up 17.97% year-on-year. Revenue rose 10.81% to SAR 5.812 billion, driven by strong sales across most product categories, particularly smartphones, and robust performance from GCC subsidiaries.

Key Financial Results

Item	H1 2026	H1 2025	Change
Revenue	SAR 5,812.5M	SAR 5,245.3M	+10.81%
Net Profit	SAR 489M	SAR 414.5M	+17.97%
EPS (unaudited)	Not disclosed	Not disclosed	-

Highlights from the Statement

The company attributed the annual revenue growth to increased sales across most product sections, especially smartphones, along with strong performance from GCC subsidiaries benefiting from prior-period inventory build-up and the quality of its logistics system. Gross profit growth of 18.18% outpaced revenue growth as supply scarcity led the company to refrain from offering promotional price reductions, thereby improving the gross profit margin.

On a quarterly basis, Q2 revenue declined 8.7% to SAR 2,774 million from SAR 3,038.5 million in Q1, driven by a pullback in certain departments, particularly the smartphone section which had achieved record sales in the prior quarter. Despite the sharp revenue drop, gross profit fell only marginally by 0.41% to SAR 340.3 million, reflecting an improved gross profit margin. However, net profit decreased 7.06% to SAR 235.6 million, primarily due to higher selling and marketing expenses, increased general and administrative expenses, and decreased other income.

Future Guidance

No specific guidance was provided in the announcement.

Impact on the Stock

Investors are likely to view the half-year results positively due to strong YoY growth in earnings and revenue, though the sequential decline in quarterly profit may temper gains.

What This Means for Investors

The results demonstrate Jarir's ability to improve profitability despite quarterly sales volatility, thanks to a cautious pricing strategy and operational efficiency. However, smartphone segment performance remains a key revenue driver.