Jarir Marketing Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,650	2,435.7	8.798	2,649.8	0.007
Gross Profit (Loss)	262.5	239.6	9.557	294.7	-10.926
Operational Profit (Loss)	189	174.8	8.123	237.5	-20.421
Net profit (Loss)	171.1	155.8	9.82	219.3	-21.979
Total Comprehensive Income	169.2	155.4	8.88	214.2	-21.008
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	5,299.8	5,153.4	2.84
Gross Profit (Loss)	557.1	563.3	-1.1
Operational Profit (Loss)	426.5	439.3	-2.913
Net profit (Loss)	390.4	403.5	-3.246
Total Comprehensive Income	383.4	393.2	-2.492
Total Shareholders Equity (after Deducting Minority Equity)	1,651	1,684.7	-2
Profit (Loss) per Share	0.33	0.34
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	Reasons for increase

- An increase in sales of several sections, led by the smartphones, computers, and video game sections, which resulted in an increase in total sales by 8.8%.The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Reasons for increase

- An increase in sales by 8.8%, and accordingly an increase in gross profit. Profit margins witnessed relative stability on sales as a whole, with direct operating costs remaining stable despite the increase in sales, which resulted in an increase in gross profit at a higher percentage than the percentage of sales increase.

Despite the increase in selling and marketing expenses and the increase in general and administrative expenses, the increase in gross profit and the increase in other income resulted in an increase in net profit by 9.8%.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Reasons for increase

Although the second quarter usually achieves the lowest quarterly sales, the sales of the current quarter slightly exceeded the sales of the previous quarter of the current year driven by the increase in sales of video games and smartphone accessories compared to the previous quarter.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Reasons for decrease

Despite the slight increase in sales for the current quarter compared to the previous quarter of the current year, the decrease in the net profit is due to

- Relative decline in the profitability margin of some sections and a change in the sales mix towards the relatively less profitable sections.

- Increased selling and marketing expenses, and the administrative and general expenses

- Decrease in other income.The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Reasons for increase

- An increase in sales of several sections, led by smartphones, video games and computers sections, which led to an increase in total sales by 2.8%.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Reasons for decrease

- Despite the increase in sales by 2.8%, the gross profit witnessed a decrease by 1.1%, mainly due to the change in the sales mix towards the relatively less profitable divisions.

- In addition to the decrease in gross profit, the increase in selling and marketing, and the administrative and general expenses resulted in a decrease in net profit by 3.2%.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NoneReclassification of Comparison Items NoneAdditional Information The comprehensive income is less than net profit in all presented periods which is mainly due to the exchange losses related to the subsidiary in Egypt as a result of the Egyptian authorities’ decision to devalue the Egyptian pound against foreign currencies, including the Saudi Riyal.

Earnings per share for all presented periods are calculated based on the number of shares of the company amounting to 1,200 million shares after splitting each share into ten shares as decided by the extraordinary general assembly held on May 30, 2023.

The company adopts the cost model for measurement of investment properties.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.