Saudi Research Media Reports SAR 33.07M Net Profit in Three Months 2026
SRMG 4210.SA | 0.00 |
On 2026-05-10 08:03:49 (Saudi Time), Saudi Research and Media Group 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 | 769.63 | 650.76 | 18.266 | 622.65 | 23.605 |
| Gross Profit (Loss) | 144.91 | 158.99 | -8.855 | -135.39 | - |
| Operational Profit (Loss) | 23.23 | 48.65 | -52.25 | -465.91 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 33.07 | 30.94 | 6.884 | -357.04 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -30.5 | 37.98 | - | -348.76 | -91.254 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,903.79 | 3,251.98 | -10.707 |
| Profit (Loss) per Share | 0.41 | 0.39 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 18.266% YoY to SAR 769.63 million, primarily driven by higher revenues from the Publishing, visual, and digital content segment due to broadcasting major sports events including the Custodian of the Two Holy Mosques Cup and Roshn Saudi League, as well as growth in the Public relations and advertising segment, partially offset by declines in the Printing and Packaging segment due to market changes. Net profit rose 6.884% YoY to SAR 33.07 million, mainly attributed to the recognition of SAR 31.35 million income from debt-to-equity conversion in the Printing and packaging segment.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 23.61% to 769.63 million, driven by higher revenues in Publishing and Visual Content segment and Public Relations and Advertising segment, while Printing and Packaging segment declined due to market changes. The company achieved net profit of 33.07 million compared to a loss of 357.04 million in the previous quarter, primarily due to gross profit of 144.91 million and recognition of 31.35 million income from loan-to-equity conversion in the Printing and Packaging segment. Additionally, no impairment losses on goodwill and property, plant and equipment were recorded in the current quarter, unlike the previous quarter.
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 decreased 10.707% year-over-year to SAR 2,903.79 million. The company reported total comprehensive loss of SAR 30.50 million for the current quarter compared to comprehensive income of SAR 37.98 million in the same quarter last year. Retained earnings balance as of March 31, 2026 stood at SAR 2,401.96 million. Loss from discontinued operations amounted to SAR 1.07 million compared to SAR 0.74 million in the prior year quarter.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95109&anCat=1&cs=4210&locale=arImportant 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.