“Jahiz” turns to a loss of 9.18 million riyals in the first quarter of 2026
Jahez International Information Systems Technology Company turned to a loss in the first quarter of 2026 of 9.18 million riyals, compared to profits of 35.32 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"The group recorded a net loss attributable to shareholders, as a result of a decline in profitability on an annual basis due to a strategic and deliberate decision to invest in retaining and regaining customers, following a period that witnessed a significant increase in promotional activities at the sector level.
Please note that in the same quarter of the previous year, the total comprehensive income and net profit (loss) attributable to the company’s shareholders were announced, and this explains the difference between the two numbers, as the correction was made in the current quarter and the total comprehensive income attributable to the company’s shareholders and net profit (loss) were announced. Return to the company’s shareholders.
The group recorded a decrease in the net loss attributable to shareholders in the current quarter by 81.1%, reaching -9.2 million riyals, compared to -48.6 million riyals for the previous quarter.
This improvement was supported by the relaunch of the developed interface for the Jahez application, despite the quarter coinciding with the month of Ramadan, which represents a better performance compared to the decline and was driven by the completion of the acquisition of Sununu in the fourth quarter of the year. 2025 AD, which enhanced the size and profitability of the group’s international portfolio.
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