Saudi Research and Media Group (SASE) Q1 2026 earnings summary

Executive summary

• Revenues for Q1 2026 reached SAR 769.6 million, up 18% year-over-year from SAR 650.8 million.

• Net loss for the period was SAR 1.3 million, compared to net income of SAR 22.9 million in Q1 2025, mainly due to significant fair value losses on financial assets and higher finance costs.

• Total comprehensive loss was SAR 64.9 million, driven by SAR 60.6 million in fair value losses on FVOCI investments and negative currency translation differences.

Financial highlights

• Gross profit for Q1 2026 was SAR 144.9 million, down from SAR 159.0 million in Q1 2025.

• Operating income fell to SAR 23.2 million from SAR 48.7 million year-over-year.

• Finance costs increased to SAR 47.4 million from SAR 22.4 million, while finance income dropped to SAR 1.1 million from SAR 3.7 million.

• Earnings per share from continuing operations were SAR 0.42, up from SAR 0.39, but total EPS was SAR 0.41, flat year-over-year.

• Cash and cash equivalents rose to SAR 555.9 million from SAR 398.3 million at year-end 2025.

Outlook and guidance

• Management continues to monitor geopolitical tensions in the Middle East, which could impact future performance.

• No material uncertainties identified regarding going concern for at least the next 12 months.