Saudi Research and Media Group (SASE) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements for the year ended 31 December 2025 were audited and present fairly in all material respects in accordance with IFRS as endorsed in Saudi Arabia.

• The Group operates across publishing, media, advertising, printing, packaging, and public relations, with activities in the Middle East, Europe, and North Africa.

• The Group recognized a net loss of 552.99 million for 2025, compared to a net income of 138.41 million in 2024.

Financial highlights

• Revenues declined to 2.67 billion in 2025 from 3.26 billion in 2024.

• Gross profit dropped to 275.84 million from 851.04 million year-over-year.

• Net loss attributable to equity holders was 366.28 million, with basic and diluted EPS at (4.58) versus 2.52 in 2024.

• Total assets increased to 7.24 billion from 5.49 billion, while equity attributable to equity holders decreased to 2.91 billion.

• Cash and cash equivalents at year-end were 398.35 million, down from 528.83 million.

Outlook and guidance

• Management prepared cash flow forecasts indicating sufficient funds to meet liabilities for at least 12 months, supporting the going concern basis.

• SPPC, a key subsidiary, has a board-approved long-term plan to address operational losses and restore financial stability.