Financial Results : Tihama widens losses to SAR 22M in H1 2025/26; Q2 at SAR 18.5M

Tihama widens losses to SAR 22M in H1 2025/26; Q2 at SAR 18.5M

11/11/2025 Argaam Exclusive

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Tihama Advertising and Public Relations Co. widened its net losses (after minority interest) to SAR 22 million in the first half ended Sept. 30, 2025, from SAR 6 million in the year-earlier period.

 

The six-month losses (before minority interest) reached SAR 22.2 million, compared with SAR 6.5 million in the year before.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 45.67 32.51 (28.8 %)
Gross Income 18.37 13.19 (28.2 %)
Operating Income (13.31) (17.22) (29.3 %)
Net Income (6.39) (21.96) (243.7 %)
Average Shares 22.92 22.92 -
Earnings Per Share before unusual items (Riyals) (0.28) (0.55) (95.6 %)
EPS (Riyal) (0.28) (0.96) (243.7 %)

The wider losses were attributed to recording losses from financial assets at fair value through profit or loss, compared to the same period last year, coupled with a year-on-year (YoY) decline in the share of results from associates.

 

Tihama also cited decreased other income for 9M 2025, mainly due to the absence of bank deposits for the nine-mont period, compared to 9M 2024.

 

However, this downturn was offset by generating gains from discontinued operations in 9M 2025, resulting from a Zakat assessment settlement by the Zakat, Tax and Customs Authority (ZATCA) for one of the discontinued subsidiaries, compared to the same period of the previous year, alongside a YoY pullback in Zakat expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 34.59 22.63 (34.6 %)
Gross Income 12.10 7.84 (35.2 %)
Operating Income (3.42) (9.85) (188.2 %)
Net Income 0.78 (18.50) (2487.7 %)
Average Shares 22.92 22.92 -
Earnings Per Share before unusual items (Riyal) 0.03 (0.31) (1021.5 %)
EPS (Riyal) 0.03 (0.81) (2487.7 %)

For the second quarter of FY 2025/26, Tihama turned to a net loss of SAR 18.54 million, against a net profit of SAR 775,000 a year earlier.

 

On a sequential basis, the company deepened its losses from SAR 3.46 million in Q1 2025/26.

 

Total shareholders’ equity (after minority interest) stood at SAR 181.06 million as of Sept. 30, 2025, compared to SAR 207.67 million in the year-earlier period.

 

Accumulated losses reached SAR 193.45 million during the same period, accounting for 48.36% of the company’s capital.

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