Jahez 2025
العربي

Theme of the Year — placeholder

Theme of the Year — placeholder

Theme of the Year — placeholder

Theme of the Year — placeholder

Placeholder description.

Placeholder description.

Placeholder description.

Investor Relations Department

King Abdullah Ibn Abdul Aziz Road,

King Salman District, Riyadh 12444

E-mail: [email protected]

Phone: +966 800 124 1220

قسم علاقات المستثمرين

العنوان: ص.ب: 66674، الرياض 11586

برج العنود، طريق الملك فهد، الرياض، المملكة العربية السعودية

البريد الإلكتروني: [email protected]

الهاتف: +966-11-218-5555

Financial Statements

Download PDF

Jahez International Company for Information Systems Technology (A Saudi Joint Stock Company)

Consolidated Statement of Financial Position

As at 31 December 2025

Saudi Riyal (%)

Notes 31 December 2025 31 December 2024
Assets
Non-current assets
Property and equipment 4 287,540,467 210,753,570
Intangible assets and Goodwill 5 1,062,687,399 102,179,787
Right-of-use assets 6 283,310,984 68,999,361
Investments at FVTPL 7 85,813,977 68,296,898
Equity accounted investments 8 100,008,208 101,250,771
Total non-current assets 1,819,361,035 551,480,387
Current assets
Inventory 9 30,314,711 11,074,662
Trade receivables 10 83,110,657 75,099,846
Prepaid expenses and other receivables 11 91,248,894 78,339,914
Cash and cash equivalents 12 428,423,257 1,054,080,837
Total current assets 633,097,519 1,218,595,259
Total assets 2,452,458,554 1,770,075,646
Equity and liabilities
Equity
Share capital 14 104,918,030 104,918,030
Statutory reserve 16 -- 18,420,724
Share premium 740,175,504 740,175,504
Treasury shares 15 (74,974,373) (93,072,345)
Employees' shares reserve 17 13,070,180 28,603,985
Retained earnings 558,471,928 441,385,831
Equity attributable to equity holders of the Parent Company 1,341,661,269 1,240,431,729
Non-controlling interests 72,553,089 9,008,699
Total shareholders' equity 1,414,214,358 1,249,440,428
Liabilities
Non-current liabilities
Long-term Islamic facilities/Loans 13 149,289,640 --
Non-current portion of lease liabilities 6 224,870,601 39,577,915
Employees' benefits obligations 18 37,347,066 23,007,954
Total non-current liabilities 411,507,307 62,585,869
Current liabilities
Short-term Islamic facilities/Loans 13 15,772,166 --
Proceeds due to customers 19 272,623,526 197,397,900
Current portion of lease liabilities 6 65,355,161 32,271,396
Trade payables 20 88,114,152 54,295,193
Accrued expenses and other current liabilities 21 180,371,884 151,284,860
Zakat and Tax provision 23 4,500,000 22,800,000
Total current liabilities 626,736,889 458,049,349
Total liabilities 1,038,244,196 520,635,218
Total equity and liabilities 2,452,458,554 1,770,075,646

The accompanying notes from 1 to 37 form an integral part of these Consolidated Financial statements.

Jahez International Company for Information Systems Technology (A Saudi Joint Stock Company)

Consolidated Statement of Profit or
Loss and other Comprehensive Income

For the year ended 31 December 2025

Saudi Riyal (%)

Notes 31 December 2025 31 December 2024
Revenue 24 2,323,639,572 2,218,662,735
Cost of revenue 25 (1,793,551,030) (1,677,500,170)
Gross profit 530,088,542 541,162,565
Impairment loss of trade receivables 10 (31,452,950) (13,804,799)
Goodwill impairment 5 (11,780,000) --
Marketing & advertising expenses 26 (227,935,687) (169,089,163)
General and administrative expenses 27 (159,091,992) (136,339,996)
Research and development expenses 28 (50,646,188) (52,760,148)
Other losses /(income) 220,059 (304,785)
Operating profit 49,401,784 168,863,674
Unrealized losses on investments at FVTPL 7 (11,308,115) (6,108,755)
Share of losses from Equity accounted investments 8 (1,242,563) (2,175,043)
Finance costs (8,878,605) (4,522,259)
Finance income 33,560,494 48,537,021
Net profit for the year before zakat 61,532,995 204,594,638
Zakat/Tax 23 (3,587,455) (20,376,493)
Net profit for the year 57,945,540 184,218,145
Net profit for the year attributable to:
Shareholders of the Parent Company 72,974,832 187,979,245
Non-Controlling interests (15,029,292) (3,761,100)
57,945,540 184,218,145
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Re-measurement of employees' benefits obligations 18 1,364,044 1,958,244
Total other comprehensive income 1,364,044 1,958,244
Total comprehensive income 59,309,584 186,176,389
Total comprehensive income attributable to
Shareholders of the parent company 74,338,876 189,937,489
Non-Controlling interests (15,029,292) (3,761,100)
59,309,584 186,176,389
Earnings per share attributable to shareholders of the Company:
Basic earnings per share 31 0.36 0.92
Diluted earnings per share 31 0.36 0.92

The attached notes from 1 to 37 are an integral part of these consolidated financial statements.

Jahez International Company for Information Systems Technology (A Saudi Joint Stock Company)

Consolidated Statement of Changes in Equity

For the year ended 31 December 2025

Saudi Riyal (%)

Equity attributable to the Parent Company's shareholders

Share capital Statutory reserve Share premium Treasury shares Employees' shares reserve Retained earnings Total Non-controlling interests Total
Balance as at 1 January 2024 104,918,030 18,420,724 740,175,504 (1,920,000) 31,381,389 258,542,572 1,151,518,219 (6,039,275) 1,145,478,944
Net profit for the year -- -- -- -- -- 187,979,245 187,979,245 (3,761,100) 184,218,145
Other comprehensive income for the year -- -- -- -- -- 1,958,244 1,958,244 -- 1,958,244
Total comprehensive income for the year -- -- -- -- -- 189,937,489 189,937,489 (3,761,100) 186,176,389
Employees' shares reserve (Note 15) -- -- -- (91,152,345) -- -- (91,152,345) -- (91,152,345)
Share-based payments transactions (Note 17) -- -- -- -- (2,777,404) 6,618,319 3,840,915 -- 3,840,915
Change in non-controlling interests -- -- -- -- -- (13,712,549) (13,712,549) 18,809,074 5,096,525
Balance as at 31 December 2024 104,918,030 18,420,724 740,175,504 (93,072,345) 28,603,985 441,385,831 1,240,431,729 9,008,699 1,249,440,428
Share capital Statutory reserve Share premium Treasury shares Employees' shares reserve Retained earnings Total Non-controlling interests Total
Balance as at 1 January 2025 104,918,030 18,420,724 740,175,504 (93,072,345) 28,603,985 441,385,831 1,240,431,729 9,008,699 1,249,440,428
Net profit for the year -- -- -- -- -- 72,974,831 72,974,831 (15,029,293) 57,945,538
Other comprehensive income for the year -- -- -- -- -- 1,364,045 1,364,045 -- 1,364,045
Total comprehensive income for the year -- -- -- -- -- 74,338,876 74,338,876 (15,029,293) 59,309,583
Treasury shares (Note 15) -- -- -- (16,517,379) -- -- (16,517,379) -- (16,517,379)
Share-based payments transactions (Note 17) -- -- -- -- (15,533,805) 25,116,573 9,582,768 -- 9,582,768
Transfer from statutory reserve to retained earnings (Note 16) -- (18,420,724) -- -- -- 18,420,724 -- -- --
Changes from acquisition of a subsidiary -- -- -- 34,615,351 -- -- 34,615,351 77,783,606 112,398,958
Change in non-controlling interests -- -- -- -- -- (790,076) (790,076) 790,076 --
Balance as at 31 December 2025 104,918,030 -- 740,175,504 (74,974,373) 13,070,180 558,471,928 1,353,441,269 72,553,088 1,414,214,358

The attached notes from 1 to 37 are an integral part of these consolidated financial statements.

Jahez International Company for Information Systems Technology (A Saudi Joint Stock Company)

Consolidated Statement of Cash Flows

For the year ended 31 December 2025

Saudi Riyal (%)

Notes 31 December 2025 31 December 2024
Cash flows generated from operating activities:
Net profit for the year before zakat 61,532,995 204,594,638
Adjustments to reconcile net income for the year to cash flows generated from operating activities:
Expected credit loss of trade receivables 10 31,452,950 13,804,799
Goodwill impairment 5 11,780,000 -
Depreciation and amortization 4,5,6 89,374,837 53,176,978
Employees’ benefits 18 11,694,295 7,915,336
Finance cost 8,878,607 5,282,427
Losses unrealized on investments at FVTPL 7 11,308,115 6,108,755
Share of losses from equity accounted investments 8 1,242,563 2,175,043
Share-based payments expenses 17 9,582,768 3,840,915
Short-term deposits (33,560,494) (48,537,021)
Gain/(Losses) from right-of-use of assets 6 (1,096,007) (315,155)
Gain/(Losses) from disposal of fixed assets 4 1,599 4,507,708
Losses from disposal of intangible assets 5 -- 74,227
Inventory (9,833,625) (1,255,414)
Trade receivables 10 566,257 (52,479,246)
Prepaid expenses and other receivables 11 (12,908,980) (6,265,334)
Proceeds due to customers 19 75,225,626 35,848,259
Trade payables 20 (107,291,041) (26,223,407)
Accrued expenses and other current liabilities 21 (15,720,092) 32,864,527
Employees’ benefits paid 18 (9,833,636) (995,108)
Interest paid (8,878,607) (4,492,138)
Zakat and Tax paid (21,887,455) (26,839,010)
Net cash flows generated from operating activities 99,834,675 202,791,779
Cash flows from investing activities
Payments to purchase of property and equipment 4 (37,989,622) (175,399,885)
Payments to purchase and develop intangible assets 5 (50,295,774) (19,714,623)
Sell / (Purchase) investments at FVTPL 7 -- 9,690,963
Purchase of equity-accounted investments 8 (28,825,194) (103,425,814)
Repayment of deposits with financial institutions -- 107,564,031
Proceeds from interest on short-term deposits 33,560,494 48,537,021
Net payment for acquisition of subsidiary 35 (725,894,842) (4,833,713)
Net cash flows used in investing activities (809,444,938) (137,582,020)
Cash flows from financing activities
Proceeds from Islamic facilities 13 150,000,000 --
Treasury shares 15 (16,517,379) (91,152,345)
Payments of lease liabilities 6 (48,333,123) (27,119,199)
Payment of short-term loan (1,196,815) (1,916,899)
Net cash flows used in financing activities 83,952,683 (120,188,443)
Net change in cash and cash equivalents (625,657,580) (54,978,684)
Cash and cash equivalents as at the beginning of the year 1,054,080,837 1,109,059,521
Cash and cash equivalents as at the end of the year 428,423,257 1,054,080,837
Non-cash transactions
Additions in Right-of-use assets against lease liabilities 202,678,075 28,158,501
Disposal in Right-of-use assets against lease liabilities 5,988,407 24,847,898
Treasury shares 34,615,351 --

The attached notes from 1 to 37 are an integral part of these consolidated financial statements.