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Tihama Advertising Reports SAR 64.88M Net Loss in Nine Months 2025
TAPRCO +0.75%
TAPRCO 4070.SA | 14.85 | +0.75% |
On 2026-02-11 15:59:45 (Saudi Time), Tihama Advertising, Public Relations and Marketing Company announced its Interim financial results for the nine months ended on December 31, 2025.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,979,460 | 1,427,804 | 38.636 | 13,866,621 | -85.725 |
| Gross Profit (Loss) | -985,552 | -3,485,714 | -71.725 | 2,379,556 | - |
| Operational Profit (Loss) | -11,302,055 | -12,875,182 | -12.218 | -5,128,545 | 120.375 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -42,923,824 | -8,016,011 | 435.476 | -18,504,871 | 131.959 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -42,907,591 | -8,569,690 | 400.69 | -18,429,349 | 132.822 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 16,476,267 | 26,080,840 | -36.826 |
| Gross Profit (Loss) | 1,481,033 | 1,996,462 | -25.817 |
| Operational Profit (Loss) | -21,688,581 | -21,869,829 | -0.828 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -64,884,093 | -14,405,603 | 350.408 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -64,747,341 | -15,401,472 | 320.397 |
| Total Shareholders Equity (after Deducting Minority Equity) | 133,131,974 | 199,108,435 | -33.135 |
| Profit (Loss) per Share | -2.83 | -0.63 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -65,704,612 | -28.66 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 36.826% YoY from 26.08 million to 16.48 million SAR primarily due to decreased revenues from the Production segment lacking major project acquisitions, reduced Outdoor Advertising revenues following business divestment, and lower Distribution segment sales from declining educational book sales, partially offset by new revenues from the Events and Entertainment sector. Net loss widened significantly by 350.408% from 14.41 million to 64.88 million SAR, driven by unrealized losses from financial assets at fair value through profit or loss compared to gains in the prior year, decreased share of results from associates, lower other income due to absence of bank deposits, losses from Zakat settlements versus prior year gains, and higher losses from discontinued operations.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 85.73% from 13.87 million to 1.98 million SAR, primarily due to lower educational book sales as the previous quarter coincided with back-to-school season. Net loss deepened 131.96% from -18.50 million to -42.92 million SAR, driven by unrealized losses from investment portfolio fair value adjustments, Zakat settlement losses, reduced gross profit from lower book sales, and higher losses from discontinued operations.
Other Items
Auditors issued a qualified opinion citing insufficient evidence for investments in associates totaling SAR 52,232,168, improper classification of SAR 15,000,000 investment in Saudi Film Fund, and lack of audited financial statements for associates with nil carrying amounts. Material uncertainty exists regarding going concern as accumulated losses reached SAR 65,704,612 (28.66% of capital), with total losses of SAR 65,434,898 for nine months and negative operating cash flows of SAR 5,517,868. The company states it "has sufficient liquidity to enable it to meet its obligations when due" and is implementing "procedures to reduce losses and convert them into profits" through subsidiary liquidations and business expansion. Loss per share deteriorated to -2.83 SAR from -0.63 SAR in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93083&anCat=1&cs=4070&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.
