Jahez FY2025: 10.8% GMV Growth and Sustained Profitability

Jahez International Company for Information System Technology (“Jahez”, or the “Group”, 6017 on the Saudi Exchange’s TASI – Main Market), announces its financial results for the full year of 2025.

Key Highlights

· Sustained Group profitability in FY2025 amid intensifying competition in Saudi Arabia

> Group Gross Merchandise Value (GMV) reached 7.2 billion in FY2025, an increase of 10.8% YoY, leading to Net Revenue of 2.3 billion, an increase of 4.7% YoY.

> Group Adjusted EBITDA exceeded 193 million, reflecting a deliberate and measured decision to invest in customer retention and market share defence during a period of elevated industry-wide promotional activity. Despite the heightened competition in KSA, Jahez maintained double-digit EBITDA margins in KSA Platforms of 11.9% ( 208.8 million) and remained profitable at the Group level, a key differentiator versus regional peers who prioritized volume over profitability.

> Maintained profitability with 73.0 million in net profit attributable to shareholders.

> Increased Commission Revenue 16.3% and increased Advertising Revenue by 17.5% YoY to partly offset the decrease in delivery revenues.

> The Group’s new verticals continued to ramp up, supporting a more than 2x YoY increase in revenue from Sales of Goods and Subscriptions1.

· Expanded internationally into Qatar and restructured our non-KSA operations

> Closed Snoonu acquisition in October 2025, a leading delivery platform in Qatar. Snoonu contributed 626.8 million to Jahez Group’s GMV in 2025.

> Positioned Snoonu to launch in Kuwait and Bahrain, as part of a broader strategy to position Snoonu as the Group’s primary platform for international market operations and expansion following its majority acquisition.

· Doubled down on Jahez Group’s multi-vertical offerings

> Launched improved Jahez app with simplified interface and integrated features to boost engagement and offering discovery.

> Integrated grocery and retail by unifying services under Jahez app with dedicated ‘Grocery’ and ‘Shop’ tiles (previously ‘Pik’ standalone app), further positioning Jahez app as a multi-vertical lifestyle app.

> Demonstrated high growth in the non-food segment as GMV grew 4x in 2025 compared to the prior year. In total, non-food contribution to GMV increased to 7% in 2025, compared to 2% in the prior year.

> Entered a landmark partnership in KSA with noon in October 2025 that features noon Minutes service on Jahez app, giving users groceries, beauty, and other essentials through Jahez fulfilled by noon. In parallel, Jahez is featured on noon’s KSA app, with food-delivery orders directed to Jahez for fulfilment.

> Invested in Doos, adding Saudi dark-store quick-commerce exposure and complementing Jahez marketplace model and noon Minutes partnership.

Eng. Ghassab Bin Salman Bin Mandeel, CEO of Jahez Group, commented:

“In 2025, Jahez Group demonstrated the resilience and adaptability of its business model in what proved to be an increasingly dynamic, competitive market. Despite that, we grew GMV by 10.8% to 7.2 billion and processed over 111.6 million orders, while maintaining a robust gross profit base of over half a billion riyals. Our profitability is a testament to the structural strength of our customer base and the multi-vertical platform we have built across Jahez ecosystem. That diversification continues to bear fruit, with revenue from Sales of Goods and Subscriptions doubling year-on-year, reflecting monetizable opportunities of the platform, while strategic partnerships and investments such as noon and Doos have further strengthened our positioning in quick commerce."

"Our international strategy took a decisive step forward. Following the Snoonu acquisition, we announced a clear vision for our international expansion and positioned Snoonu as the Group's core operating platform outside Saudi Arabia. Snoonu's multi-vertical technology stack and execution capabilities complement the strong user base we have built across the GCC, and the consolidation of Snoonu's operations in Q4 contributed meaningfully to a strong close to the year, with Non-KSA platforms generating net revenue more than doubling for the full year. Looking ahead, this structure is designed to deliver faster multi-vertical rollout, greater platform scalability, and ultimately, deeper customer engagement across regional markets."

"We recognize that heightened competition weighed on profitability this year, but our response was deliberate and disciplined. While we participated in promotional activity, we remained measured in our approach and focused on delivering value beyond price alone. We chose to invest in growth and defend our core customer base, while maintaining a careful balance between competitiveness and profitability. At Jahez, we remain firmly committed to creating long-term shareholder value through disciplined, sustainable profitability, while staying agile and opportunistic in the near term and as needed.”