Saudi Research and Media Group announces its Interim Financial results for the Period Ending on 2025-03-31 (Three Months) | premargin

Saudi Research and Media Group announces its Interim Financial results for the Period Ending on 2025-03-31 (Three Months)

TadawulMay 12, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	665.66	814.86	-18.309	747.07	-10.897
Gross Profit (Loss)	161.04	226.05	-28.759	65.46	146.012
Operational Profit (Loss)	47.92	124.99	-61.66	-112.59	-
Net profit (Loss)	30.94	86.87	-64.383	-115.05	-
Total Comprehensive Income	37.98	26.69	42.3	-124.65	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	3,251.98	3,109.58	4.579
Profit (Loss) per Share	0.39	1.09
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The main reason for the decrease in revenue by 18.31% during the current quarter compared to the same quarter of the last year, is due to the decrease in revenue from all operating segments, in particular the Public relations and advertising segment and the Publishing, visual, and digital content segment in addition to the decrease in revenues from the Printing and packaging segment resulting from the reduction of printing operations and decrease in revenue from packaging operations.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The main reason for the decrease in net profit during the current quarter compared to the same quarter of last year is due to the decrease in gross profit driven mainly by the decrease in revenue from all operational segments. In particular the Public relations and advertising segment, Publishing, visual, and digital content segment and Printing and packaging segment. On the other hand, the net finance cost decreased.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue decreased during the current quarter compared to the previous quarter by 10.90%, due to the decrease in revenue from the Public relations and advertising segment, the Printing and packaging segment and all other segments segment given the seasonality of performance in all other segments segment. On the other hand, the revenue from Publishing, visual, and digital content segment has increased.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason of the achieving net profits for the current quarter compared to the previous quarter, is mainly due to the increase in gross profit by 146.01%, in addition to recognizing a goodwill impairment associated to the printing and packaging segment during the fourth quarter of 2024.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	Certain prior period figures have been re-classified to conform with the presentation of the current period.
Additional Information	The total revenue of the current quarter is SR 665.66 million compared to SR 814.86 million for the same quarter of last year, a decrease of 18.31%, and compared to SR 747.07 million in the previous quarter, a decrease of 10.90%. Total comprehensive income of the parent company for the current quarter is SR37.98 million compared to SR 26.69 million for the same quarter of last year, an increase of 42.30%, and compared to SR (124.65) million in the previous quarter. The total shareholders’ equity for the parent company (after excluding non-controlling interest) as at the end of the current period is SR 3,251.98 million compared to SR 3,109.58 million for the same period of the previous year, an increase of 4.58%, and compared to SR 3,124.00 million as at the end of the previous quarter, an increase of 1.18%. The retained earnings balance as of 31st of March 2024 is SR 2,726.42 million.