Saudi food delivery platform Jahez International Company for Information System Technology posted a 38% year-on-year rise in net profit to SAR 58.9 million ($15.7 million) for the first half of 2025, up from SAR 42.7 million in the same period last year. Revenue grew 7% to SAR 1.09 billion, driven by higher total orders, improved average order value, stronger take rates, and sharp growth in advertising and other revenue streams.
The company’s Saudi operations remained its primary profit driver, while losses from non-Saudi markets narrowed significantly due to tighter operating discipline. Logistics losses contracted 25.5% despite continued investment to expand its sponsored driver network. Other verticals are still in early development, but management said operational performance is improving with scale.
Second-quarter performance was softer: Q2 net profit fell 22% to SAR 23.6 million compared with SAR 30.2 million a year earlier, and down 33% from SAR 35.3 million in Q1 2025. Operating income dropped 45% year-on-year to SAR 14.8 million as gross margins eased slightly, declining 1.6% to SAR 119.3 million.
Shareholders’ equity, excluding minority interests, climbed to SAR 1.30 billion at the end of June, up from SAR 1.13 billion a year earlier.
The results come as Jahez advances its regional expansion strategy with the company announcing it’s acquisition of a 76.56% stake in Qatar’s Snoonu, a leading multi-vertical e-commerce and delivery platform, for $245 million in a mixed cash-and-share transaction in early July 2025. Jahez CEO Ghassab Al-Mandeel described the transaction as a “win-win,” positioning Jahez to enter the Qatari market while leveraging Snoonu’s high-performance platform and product capabilities.
