Saudi Research and Media Group (SASE) Q2 2026 earnings summary

Executive summary

• Revenue for the six-month period ended 30 June 2026 increased 15.74% year-over-year to 1.54 billion SAR, driven by strong performance in Publishing, Visual, and Digital Content, but offset by declines in Printing and Packaging.

• Net loss for the six-month period was 47.3 million SAR, compared to a net income of 0.9 million SAR in the prior year, while the current quarter saw a net profit of 1.7 million SAR due to reversal of expected credit loss allowance and reduced administrative expenses.

• The group completed significant capital restructuring, including a reduction in ownership of a key subsidiary and acquisition of additional interest in another.

• Discontinued operations include the cessation of City Pack Company and wind-down of United Security Company, impacting reported results.

• Receipt of 200 million SAR in government funding for media sector initiatives.

Financial highlights

• Six-month revenue rose to 1.54 billion SAR from 1.33 billion SAR year-over-year.

• Gross profit for the quarter declined 11.05% year-over-year to 130.71 million SAR, while gross profit for six months was 275.6 million SAR, down from 305.9 million SAR year-over-year.

• Basic and diluted EPS for six months was (0.43) SAR, compared to 0.26 SAR year-over-year, while another report notes EPS rose to 0.43 SAR.

• Cash and cash equivalents increased to 470.5 million SAR from 398.3 million SAR at year-end 2025.

• Shareholders’ equity at quarter-end was 2,780.96 million SAR, down 15.54% year-over-year.

Outlook and guidance

• Management expects to meet government incentive KPIs and continues to monitor regional geopolitical risks.

• Revenue growth is expected to continue in Publishing, Visual, and Digital Content, supported by major broadcasting events.

• Ongoing assessment of IFRS 18 implementation is expected to impact future financial statement presentation.