MBC Group Reports SAR 34.02M Net Loss in the Six Months 2026
MBC GROUP 4072.SA | 0.00 |
On 2026-08-10 15:40:01 (Saudi Time), MBC Group Co.(4072.SA) announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 707,893 | 987,934 | -28.346 | 1,576,631 | -55.1 |
| Gross Profit (Loss) | 240,983 | 303,945 | -20.714 | 402,982 | -40.2 |
| Operational Profit (Loss) | 24,808 | 51,429 | -51.762 | 158,797 | -84.377 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -262,533 | 151,013 | - | 198,000 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -259,591 | 149,262 | - | 195,582 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,284,525 | 3,031,752 | -24.646 |
| Gross Profit (Loss) | 643,967 | 843,104 | -23.619 |
| Operational Profit (Loss) | 183,607 | 305,265 | -39.853 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -34,017 | 413,951 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -33,873 | 408,674 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 4,486,199 | 4,550,843 | -1.42 |
| Profit (Loss) per Share | -0.19 | 1.15 | |
| 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
For H1 2026, MBC Group's sales/revenue declined 24.646% YoY to SAR 2,284.53 million (from SAR 3,031.75 million), driven by a drop in Broadcasting and Other Commercial Activities (BOCA) segment revenues due to softer advertising demand amid ongoing geopolitical tensions and the conclusion of certain broadcasting and technical services contracts, as well as a SAR 308 million decline in Media and Entertainment Initiatives segment revenues from different project delivery timing, partially offset by a SAR 129 million increase in MBC SHAHID segment revenues from higher subscriber revenues. The company swung to a net loss of SAR 34.02 million from a net profit of SAR 413.95 million in H1 2025, a decrease of SAR 448 million, primarily due to a SAR 294 million decline in investment profits resulting from unrealized losses on the change in fair value of financial assets measured at FVTPL, compounded by a SAR 122 million decrease in operating profits from lower advertising revenues, partially offset by a SAR 52 million increase in MBC SHAHID segment profit driven by higher subscriber revenues.
Quarter-on-Quarter Performance Drivers
QoQ revenue dropped 55.1% to SAR 707.89 million (from SAR 1,576.63 million), driven by the fading positive impact of the Holy Month of Ramadan on both BOCA and SHAHID segment revenues in Q1 2026, compounded by softer advertising demand amid ongoing geopolitical tensions in Q2 2026. Net profit swung to a loss of SAR 262.53 million from a profit of SAR 198.00 million in the prior quarter, a decline of SAR 479 million, primarily due to unrealized losses from the change in fair value of an investment in financial assets measured at FVTPL (contributing SAR 315 million of the decline), with the remaining SAR 134 million attributable to lower operating profit as the Ramadan seasonal boost to BOCA and SHAHID segments did not recur in Q2 2026.
Other Items
MBC Group Co.'s interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments, reservations, disclaimers, or adverse opinions noted. Comparative figures for the three and six months ended June 30, 2025 were restated to reflect the impact of additional ACSC shares received from a share dividend that had not been considered in the prior period fair value calculation; the resulting adjustment of SAR 79 million was included in unrealized gain/(loss) on investment in financial assets at FVTPL for those periods, with the audited consolidated financial statements for the year ended December 31, 2025 already reflecting the correct fair value. Total shareholders' equity (after deducting minority equity) stood at SAR 4,486,199 thousand as of the current period, compared to SAR 4,550,843 thousand in the same period of the prior year, a decline of 1.42%. Loss per share for H1 2026 was SAR -0.19, compared to earnings per share of SAR 1.15 in H1 2025. No material risk warnings regarding going concern or debt default were disclosed in the announcement.
Original announcement:
Attached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/21312_5326_2026-08-10_15-24-19_en.pdf
Important 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.