Jamjoom Fashion Reports 10.2% Revenue Growth in Third Quarter of FY2025-26

Jamjoom Fashion Trading Company

Tadawul (Nomu): 9649

Results announcement — Nine months ended 30 June 2026 (9M FY2025-26)

Jeddah, Saudi Arabia — 7 August 2026

Jamjoom Fashion delivers revenue growth of 10.2% in the third quarter, with full product availability maintained and the store investment programme continued through a period of regional disruption.

Chief Executive's review

Stephen Holbrook, Vice Chairman and Chief Executive Officer, said:

“The Group delivered revenue growth of 10.2% in the third quarter and 12.4% over the nine months, in an operating environment shaped by regional disruption. Net profit for the quarter of SAR 16.6 million was level with the prior year, reflecting two deliberate decisions: to maintain full product availability, and to continue the store investment programme without deferral.

“Both decisions carried an identifiable cost in the period. Securing inventory early and re-routing freight protected availability but raised landed costs, and the stores opened over the last twelve months carry their full operating cost ahead of reaching trading maturity. The operational review below sets out the drivers in more detail.

“Customer demand has responded. Nayomi revenue grew 10.5% and Mihyar 22.5% over the nine months, and e-commerce revenue rose 45.7% in the quarter. Our brands, supply lines and people are based in this region, and periods of disruption are when that proximity is of most value to our customers and shareholders.”

Third quarter FY2025-26 (April–June 2026) highlights

Revenue of SAR 182.1 million, up 10.2% year-on-year

Net Profit of SAR 16.6 million (Q3 FY2024-25: SAR 16.6 million), reflecting the deliberate decision to maintain product availability and continue the store investment programme through the period

E-commerce revenue up 45.7%, representing 3.3% of revenue

Nine months FY2025-26 (October 2025 – June 2026) highlights

Revenue of SAR 607.3 million, up 12.4% year-on-year

Net Profit of SAR 97.1 million, up 3.0% on the prior-year period

Nayomi revenue of SAR 501.0 million, up 10.5%; Mihyar revenue of SAR 106.3 million, up 22.5%

Strong balance sheet with almost SAR 650 million total assets, up SAR 48 million over the prior period, and positive liquidity with Net Debt excluding leases of SAR 36.7 million

Net cash generated from operating activities was up SAR 60 million to SAR 178 million

Operational review

The Group ended the period with 229 stores, up from 218 a year earlier, comprising 164 Nayomi and 65 Mihyar locations. 18 stores were opened over the preceding twelve months and are progressing toward trading maturity; a further 8 stores were renovated and 7 closed over the same period.

Group sales grew by 12.4% year-on-year, which was driven by a 9.7% increase in customer numbers and a 2.4% rise in average transaction value (ATV).

As a result of the recent regional conflict, the Group has seen increases in freight and landed unit costs, resulting in a small softening of gross margin. These costs were absorbed in the period in order to maintain full product availability across both brands.

Nayomi grew nine-month revenue to SAR 501.0 million, up 10.5% year-on-year, with like-for-like (organic) growth of 7.0% and the balance from continued investment in the store portfolio. The brand ended the period with 164 stores across the GCC and remains the Group’s largest business by revenue.

Mihyar continued to expand, with nine-month revenue of SAR 106.3 million, up 22.5% year-on-year. The network grew to 65 stores as the brand deepened its contemporary Arabic menswear range and extended its geographic footprint.

E-commerce revenue rose 44.5% year-on-year over the nine months to SAR 18.6 million, representing 3.1% of Group revenue. The channel maintained full product availability throughout the period of regional disruption.

Outlook

Stores opened over the past twelve months reach trading maturity progressively through FY2026-27. As they do, and as the renovation programme completes, the Group expects profit growth to re-couple with revenue growth. The Group's expectations for the full year remain in line with budget.

About Jamjoom Fashion

Jamjoom Fashion Trading Company (Tadawul: 9649) is a Saudi retail group listed on the Nomu parallel market. The Group creates and operates its own brands across the GCC, including Nayomi, the region's leading women's intimates and nightwear brand, and Mihyar, a contemporary Arabic menswear brand.

Important notice

The financial information contained in this announcement is derived from the Group's condensed interim financial statements for the nine months ended 30 June 2026, prepared in accordance with IFRS Accounting Standards as endorsed in the Kingdom of Saudi Arabia and reviewed, but not audited, by the Group's external auditor.

This announcement contains forward-looking statements relating to the Group's expectations for future periods, including statements regarding store maturity and future profitability. Such statements reflect the Group's current expectations and are subject to risks and uncertainties, including the regional operating environment, that could cause actual results to differ materially. The Group undertakes no obligation to update these statements other than as required by the Rules on the Offer of Securities and Continuing Obligations of the Capital Market Authority.

Investor relations contact:

Georges Harb

Group Chief Legal Officer & Board Secretary

georges.harb@jamjoomfashion.com

Comms Contact:

Dimah Al Sabaawi

dimah.alsabaawi@jamjoomfashion.com

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