Time Entertainment Co. posted a net loss of SAR 9.7 million for 2025, compared with SAR 8.7 million in the year before, mainly due to a 75% drop in annual revenue.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 104.91 | 25.84 | (75.4 %) |
| Gross Income | 19.82 | 6.19 | (68.8 %) |
| Operating Income | 9.06 | (9.61) | (206.1 %) |
| Net Income | 8.71 | (9.71) | (211.5 %) |
| Average Shares | 1.00 | 1.00 | - |
| Earnings Per Share before unusual items (Riyals) | 8.71 | (9.71) | (211.5 %) |
| EPS (Riyal) | 8.71 | (9.71) | (211.5 %) |
The 2025 revenue drop was attributed to the absence of one-off gains on a major project that was awarded in 2024 and had made up 61% of the overall topline for that year. Revenue from this major projected was not computed in the 2025 income statement.
Moreover, the company cited weaker demand for its services in 2025, as recreational activities maintained a lowkey trend that year, compared with 2024.
| Item | H2 2024 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 25.93 | 15.24 | (41.2 %) |
| Gross Income | 4.19 | 2.43 | (41.9 %) |
| Operating Income | (2.15) | (7.69) | (258.6 %) |
| Net Income | (2.11) | (7.73) | (265.9 %) |
| Average Shares | 1.00 | 1.00 | - |
| Earnings Per Share before unusual items (Riyal) | (2.11) | (7.73) | (265.9 %) |
| EPS (Riyal) | (2.11) | (7.73) | (265.9 %) |
| Item | H1 2025 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 10.60 | 15.24 | 43.8 % |
| Gross Income | 3.76 | 2.43 | (35.3 %) |
| Operating Income | (1.92) | (7.69) | (300.6 %) |
| Net Income | (1.98) | (7.73) | (291.4 %) |
| Average Shares | 1.00 | 1.00 | - |
| Earnings Per Share before unusual items (Riyal) | (1.98) | (7.73) | (291.4 %) |
| EPS (Riyal) | (1.98) | (7.73) | (291.4 %) |
In H2 2025, the company logged a net loss of SAR 7.73 million, compared with SAR 2.11 million in H2 2024 and SAR 1.98 million in H1 2025.
Shareholders’ equity, no minority interest, shrank to SAR 5.8 million as of Dec. 31, 2025, against SAR 14.7 million last year.
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