A decrease in the profits of “Bam Sports” to 72 million riyals in the second quarter

The profits of a sport company for sports in the second quarter of 2025 decreased by 1.4% to 72 million riyals, compared to 73 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, this came due to the following:
– An increase in 17% in the total cost of revenues compared to the second quarter of 2024 due to an increase in the net number of fitness time centers by 28 new centers in the twelve months ending at the end of the second quarter 2025 AD.
– The increase in public and administrative expenses, sales and marketing expenses by 26% due to the increase in investment in attracting qualifications and qualified cadres, digital transformation projects, and institutional development initiatives.
– Record less profit than short -term murabaha.
The second quarter of 2025 AD included the following:
– Reverse 3 million riyals related to the allocate for a decrease in value that was previously taken as a result of the closure of one of the centers and the work was resumed.
– Reflecting a 3.7 million riyals zakat customer related to previous periods.
– Serious losses of 2 million riyals related to one of the investments related to the group.
The reason for the rise in net profit in the second quarter of 2025 is 1% compared to the previous quarter, mainly the number of members.
The company achieved a net profit in the first half of 2025 m amounted to 143 million riyals, low 15% compared to the first half of 2024 AD. This came due to the following:
– 18% increase in the total cost of revenues compared to the first half of 2024 m due to the increase in the number of fitness time centers.
– The high public and administrative expenses, sales and marketing expenses by 14% due to the increase in investment in attracting qualifications and qualified cadres, digital transformation projects, and institutional development initiatives.
– Record less profit than short -term murabaha.
The first half of 2025 AD included the following:
– The reversal of 3 million riyals related to the allocation of a decrease in a previously taken as a result of the closure of one of the centers and the work was resumed.
– Reflecting a 3.7 million riyals zakat customer related to previous periods.
– Series of 5 million riyals, related to one of the group’s investments.
– Registration of an unenviable profit of 8 million riyals, mainly due to the resumption of construction in the previously surveys in Taif, Saudi Arabia.

Distribution of profits

The board of directors of a sport company decided to distribute cash dividends to the company’s shareholders for the second quarter of 2025.
The company said: The total amount distributed is estimated at 43.8 million riyals, while the share share of the distribution is 0.84 riyals.
The date of the right will be: 02-1447 corresponding to 2025-08-05, while the date of distribution will be: 02-20-1447 corresponding to 2025-08-14.