Saudi Research and Media Group (SRMG) incurred a net loss of SAR 9.2 million for the first nine months of 2025, versus SAR 316.7 million profit in the year-earlier period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 2,516.28 | 2,037.71 | (19.0 %) |
| Gross Income | 778.64 | 409.14 | (47.5 %) |
| Operating Income | 398.25 | 37.27 | (90.6 %) |
| Net Income | 316.74 | (9.23) | (102.9 %) |
| Average Shares | 80.00 | 80.00 | - |
| Earnings Per Share before unusual items (Riyals) | 4.34 | (0.05) | (101.2 %) |
| EPS (Riyal) | 3.96 | (0.12) | (102.9 %) |
These losses were attributed to a 19.02% decline year-on-year (YoY) in revenue during the nine-month period, due to lower revenue from the public relations and advertising segment and the publishing and visual and digital content segment. This was in addition to a fall in revenues from the printing and packaging segment resulting from the reduction of printing business operations and reduced revenues from the packaging operations as a result of transferring certain operations from the UAE to Saudi Arabia.
Moreover, the company’s gross profit fell by 47.46%.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 850.89 | 682.73 | (19.8 %) |
| Gross Income | 308.78 | 99.94 | (67.6 %) |
| Operating Income | 161.09 | (21.81) | (113.5 %) |
| Net Income | 148.46 | (30.43) | (120.5 %) |
| Average Shares | 80.00 | 80.00 | - |
| Earnings Per Share before unusual items (Riyal) | 1.86 | (0.32) | (117.1 %) |
| EPS (Riyal) | 1.86 | (0.38) | (120.5 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 689.32 | 682.73 | (1.0 %) |
| Gross Income | 148.16 | 99.94 | (32.5 %) |
| Operating Income | 11.94 | (21.81) | (282.6 %) |
| Net Income | (9.74) | (30.43) | (212.2 %) |
| Average Shares | 80.00 | 80.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.12) | (0.32) | (160.5 %) |
| EPS (Riyal) | (0.12) | (0.38) | (212.2 %) |
The company logged a SAR 30.43 million net loss in Q3 2025, against a profit of SAR 148.46 million in Q3 2024.
Sequentially, net loss widened 212.3% from SAR 9.74 million in Q2 2025.
Total shareholders’ equity, after minority interest, stood at SAR 3.25 billion by Sept. 30, 2025, compared to SAR 3.34 billion in the prior-year period.
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