Tihama widens losses to SAR 8.9M in Q1 2026/27

Tihama Advertising and Public Relations Co. slid into a deeper loss of SAR 8.9 million in Q1 2026/27, from SAR 3.5 million in the year-earlier period.

Losses increased on lower sales, as the distribution segment recorded no revenue, despite higher sales in the production segment.

The company also recorded losses on financial assets measured at fair value through profit or loss, compared with gains a year earlier. It also reported net impairment losses on trade and other receivables, versus no impairment losses in the corresponding quarter.

The wider loss also reflected a lower share of results from associates and a decline in other income, mainly due to the absence of bank deposits during the quarter.

Tihama swung to losses against a net profit of SAR 16 million in the previous quarter, hurt by lower revenue.

Shareholders’ equity, excluding minority interest, reached SAR 138.65 million at the end of the three-month period, down from SAR 201.85 million a year earlier.

Accumulated losses reached SAR 63.6 million as of June 30, 2026, representing 27.76% of the company’s capital.

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