MBC Group Reports SAR 198M Net Profit in Three Months 2026
MBC GROUP 4072.SA | 0.00 |
On 2026-05-10 08:05:15 (Saudi Time), MBC Group Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,576,631 | 2,043,817 | -22.858 | 1,549,090 | 1.777 |
| Gross Profit (Loss) | 402,982 | 539,157 | -25.257 | 154,045 | 161.6 |
| Operational Profit (Loss) | 158,797 | 253,833 | -37.44 | -143,138 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 198,000 | 231,804 | -14.583 | -20,030 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 195,582 | 228,880 | -14.548 | -21,128 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 4,745,787 | 4,401,579 | 7.82 |
| Profit (Loss) per Share | 0.6 | 0.7 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 22.86% YoY to 1.58 million due to decreased advertising revenues from softer demand amid ongoing geopolitical tensions, conclusion of broadcasting and technical services contracts, and different project delivery timing in the Media and Entertainment segment, partially offset by increased MBC SHAHID subscriber revenues. Net profit decreased 14.58% YoY to 0.20 million, primarily driven by a 64 million decline in Broadcasting and Other Commercial Activities segment profit due to reduced advertising revenues, while MBC SHAHID segment profit increased by 34 million from higher subscriber revenues.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 1.777% to 1.58 million driven by 240 million increase in Broadcasting segment and 94 million increase in MBC SHAHID segment, supported by positive Ramadan impact, partially offset by 305 million decrease in Media and Entertainment Initiatives due to project delivery timing. Net profit surged from -20.03 million loss to 198.00 million profit, primarily due to 113 million increase in Broadcasting segment profits and 103 million increase in MBC SHAHID segment profits, both benefiting from Ramadan's positive impact.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity increased 7.82% to 4,745,787 thousand SAR compared to the previous year. Earnings per share decreased from 0.7 to 0.6 SAR. Certain reclassifications were made to prior period statements to conform to current presentation with no effect on previously reported comprehensive income or financial position.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95110&anCat=1&cs=4072&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/21312_5326_2026-05-09_21-25-58_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.