Riyadh – Mubasher: Leejam Sports Company witnessed 21.68% year-on-year (YoY) lower net profits at SAR 112 million in the first half (H1) of 2026 compared to SAR 143 million during the same period in 2025.
The fitness chain operator saw its earnings per share (EPS) fall to SAR 2.23 from SAR 2.76. The decline in profitability occurred despite a 4.84% rise in six-month revenues to SAR 780 million.
Leejam Sports attributed the lower bottom line to a compression in gross profit margins, which fell to 33.20% from 35.50% as new centers reached maturity. Additionally, finance costs surged by 29% due to higher capital expenditure and increased lease obligations.
For the second quarter (Q2) of 2026, net profit reached SAR 63 million, down 12.50% year-on-year (YoY). However, quarterly revenue grew by 9.31% to SAR 411 million, supported by an 8% increase in active members to 522,820.
Female centers were the primary growth driver, with revenues rising by 19.20% to SAR 113.50 million.
By 30 June 2026, the group’s total network reached 247 centers, following the net addition of 23 Fitness Time locations over the preceding 12 months.
In Q1-26, Leejam Sports posted net profits worth SAR 49 million and revenue of SAR 369 million.
