Jarir achieves strong performance in H1-26 backed by GCC subsidiaries

Jarir Marketing Company announced its preliminary financial results for the first half (H1) of 2026, recording a net profit of SAR 489 million.

This represents a 17.97% increase when compared to the SAR 414.50 million recorded during the same period in the previous year, according to the financial results.

Revenues for H1-26 reached SAR 5.81 billion, up 10.81% from SAR 5.25 billion a year earlier. Earnings per share (EPS) for the period stood at SAR 0.41.

Management attributed the growth to increased sales across most departments, particularly smartphones, and strong performance from GCC subsidiaries supported by robust inventory and logistics.

The gross profit climbed by 18.18% to SAR 682 million as the company benefited from improved margins and a reduction in price promotions due to limited product supply.

For the second quarter (Q2) of 2026, net profit reached SAR 235.60 million, an annual growth of 19.47%. However, quarterly profit declined by 7.06% when compared to Q1-26, which the company linked to higher selling, marketing, and administrative expenses.

During the first six months of 2026, Jarir expanded its retail footprint by opening three new showrooms in Madinah, Al Baha, and Riyadh, while replacing two existing locations in Kuwait and Jeddah.