Time Entertainment Co. swung to a net loss of SAR 2 million in H1 2025, versus a net profit of SAR 10.8 million in the year-ago period.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 78.97 | 10.60 | (86.6 %) |
Gross Income | 15.64 | 3.76 | (76.0 %) |
Operating Income | 11.20 | (1.92) | (117.1 %) |
Net Income | 10.82 | (1.98) | (118.3 %) |
Average Shares | 1.00 | 1.00 | - |
Earnings Per Share before unusual items (Riyal) | 10.82 | (1.98) | (118.3 %) |
EPS (Riyal) | 10.82 | (1.98) | (118.3 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 25.93 | 10.60 | (59.1 %) |
Gross Income | 4.19 | 3.76 | (10.3 %) |
Operating Income | (2.15) | (1.92) | 10.5 % |
Net Income | (2.11) | (1.98) | 6.5 % |
Average Shares | 1.00 | 1.00 | - |
Earnings Per Share before unusual items (Riyal) | (2.11) | (1.98) | 6.5 % |
EPS (Riyal) | (2.11) | (1.98) | 6.5 % |
On a semi-annual basis, net losses narrowed compared to SAR 2.11 million in H2 2024.
H1 2025 revenue was hit by seasonal factors due to volatile demand. Additionally, general and administrative expenses (G&As) increased by 28% to SAR 5.6 million during the period, compared to SAR 4.4 million a year earlier.
Meanwhile, gross profit margin rose to 35.42% in H1 2025, compared to 19.80% in the prior-year period.
Total shareholders’ equity, no minority interest, stood at SAR 12.8 million as of June 30, 2025, compared to SAR 21.05 million a year earlier.
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