Jahez International 1Q26 Earnings Update

Jahez International reported 1Q26 revenue of SR725mn (+38% YoY), beating consensus, but recorded a net loss of SR9.2mn due to aggressive competition in Saudi Arabia. The Snoonu acquisition drove international growth, helping to offset a 12% revenue decline in the KSA delivery platform.

Key Takeaways

• 1.Jahez reported a 1Q26 revenue of SR725mn, which was 20% above consensus estimates but resulted in a net loss of SR9.2mn.
• 2.Heavy competition in the Saudi Arabian market necessitated increased marketing and promotional spending, eroding margins.
• 3.The consolidation of the Snoonu acquisition significantly bolstered international segment revenue and scale, offsetting domestic KSA revenue declines.

Table of Contents

• 1Q26: Competitive pressure in KSA weighing on earnings despite positive impact from Snoonu acquisition
• Segmental performance in FY25
• Disclosure Appendix
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• General disclosures

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