Jahez 9M 2024 net profit up 33% to SAR 122.9M; Q3 at SAR 80.2M

04/11/2024 Argaam Exclusive

Jahez International Company for Information System Technology (Jahez) reported a net profit of SAR 122.9 million for the first nine months of 2024, 33% growth from SAR 92.1 million in the year-earlier period.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 1,287.30 1,623.20 26.1 %
Gross Income 286.00 374.50 30.9 %
Operating Income 68.30 106.90 56.5 %
Net Income 92.10 122.90 33.4 %
Average Shares 209.84 209.84 -
EPS (Halala) 43.89 58.57 33.4 %

The nine-month revenue reached SAR 1.62 billion in 9M 2024, a 26.1% increase YoY, mainly driven by order volumes, an increase in active users to 4.2 million, improved take rate from 13% in 9M 2023 to 14.6% in 9M 2024, and increased average order value (AOV). Further, optimized customer promotions focused on targeted delivery offers, controlled marketing spending, and reduced delivery costs, enhanced overall profitability.



Q3 2024 net profit stood at SAR 80.2 million, an increase of more than two-fold year-on-year (YoY) from SAR 29.4 million.

 

Q3 2024 revenue reached SAR 601.3 million, a 33.1% increase from SAR 451.6 million in Q3 2023, as total orders rose 25.2% to a record of 28 million.

 

In addition, the company saw a 26.3% YoY increase in the active users to reach 4.2 million. The take rate improved from 13.4% in Q3 2023 to 14.6% in Q3 2024.

 

Further, AOV increased to SAR 61.7 compared to SAR 59.7 in Q3 2023, supported by strategic bundle offerings that enhanced customer value. Other revenues also grew significantly to SAR 79 million.

 

Q3 profit growth was also driven by optimized customer promotions focused on targeted delivery offers, controlled marketing spending, and reduced delivery costs.

 

On a sequential basis, net earnings rose from SAR 30.2 million in Q2 2024.

 

Total shareholders’ equity (after minority equity) stood at SAR 1.17 billion by Sept. 30, 2024, compared to SAR 1.15 billion a year earlier.

 

Attached Documents

 

View more financial results

 

View other reports

Share Price

Jahez International Company for Information Systems Technology
34.75
(0.35) (1.00 %)

Jahez International Company for Information Systems Technology (JAHEZ)

More


Financial Ratios
Current
Market Cap (M Riyal) 7,291.94
Enterprise Value (EV) (M) 6,071.19
Shares Outstanding ((M)) 209.84
Book Value (BV) ( Riyal) 5.49
Par Value ( Halala) 50.00
Adjusted P/E (Last12) More than 100
Price/book 6.33
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 158.68 - 39.67 - 20.33 -
H2 2020 300.63 - 68.86 - 20.12 -
H1 2021 486.46 206.6 % 94.26 137.6 % 31.45 54.7 %
H2 2021 673.11 123.9 % 151.26 119.7 % 87.84 336.6 %
H1 2022 739.82 52.1 % 168.81 79.1 % 60.14 91.2 %
H2 2022 862.65 28.2 % 190.37 25.9 % 80.71 (8.1 %)
H1 2023 835.62 12.9 % 184.71 9.4 % 42.25 (29.8 %)
H2 2023 949.14 10.0 % 221.16 16.2 % 60.57 (25.0 %)
H1 2024 1,021.89 22.3 % 216.92 17.4 % 32.30 (23.6 %)


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 20.05 - 14.32 - 20.05 0.14
H2 2020 19.64 - 14.03 - 19.64 0.14
H1 2021 28.72 43.3 % 14.96 - 28.72 0.15
H2 2021 88.35 349.8 % 46.01 - 88.35 0.46
H1 2022 53.22 85.3 % 25.36 - 53.22 0.25
H2 2022 5.76 (93.5 %) 2.74 (79.53) 85.29 0.41
H1 2023 62.70 17.8 % 29.88 - 62.70 0.30
H2 2023 62.64 987.8 % 29.85 - 62.64 0.30
H1 2024 42.69 (31.9 %) 20.35 - 42.69 0.20

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 23.63 % - 8.64 %
H1 2021 20.72 % 6.89 % 6.14 %
H2 2021 21.17 % 10.81 % 10.10 %
H1 2022 22.65 % 11.13 % 10.02 %
H2 2022 22.41 % 10.26 % 8.64 %
H1 2023 22.09 % 9.90 % 8.71 %
H2 2023 22.74 % 8.67 % 7.02 %
H1 2024 22.23 % 7.17 % 5.34 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 140.00 - - -
H2 2020 140.00 28.35 28.35 0.31
H1 2021 192.00 25.19 25.19 0.51
H2 2021 192.00 60.97 60.97 0.98
H1 2022 209.84 67.47 67.47 4.72
H2 2022 209.84 28.11 66.01 4.79
H1 2023 209.84 32.62 70.52 5.13
H2 2023 209.84 59.73 59.73 5.49
H1 2024 209.84 50.20 50.20 5.41

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 67.37 67.37 9.62
H2 2022 More than 100 52.95 7.30
H1 2023 96.56 44.67 6.14
H2 2023 44.28 44.28 4.82
H1 2024 55.48 55.48 5.14

Business Segments (Million)

Compared With The
Period Delivery Platforms Segment Logistics Activity Other Activities Exclusions
Q2 2022 738.13 138.59 1.69 (138.59)
Q4 2022 859.18 171.78 3.47 (171.78)
Q2 2023 826.21 188.21 5.15 (183.95)
Q4 2023 939.33 215.92 9.47 (215.57)
Q2 2024 990.08 189.83 26.96 (184.98)

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request