SRMG

Saudi Research and Media Group

4210StocksTadawulIndustrials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	2.67B	3.26B	3.75B	3.71B	3.05B
Cost of Revenue	2.40B	2.42B	2.60B	2.47B	1.97B
Gross Profit	0.27B	0.85B	1.14B	1.24B	1.07B
SG&A	564.26M	500.58M	549.04M	500.85M	446.50M
Operating Expenses	587.37M	510.64M	524.08M	511.21M	439.85M
Operating Income	-316.90M	336.40M	619.61M	732.39M	632.38M
Interest Income	17.42M	37.78M	32.30M	37.55M	7.20M
Interest Expense	-121.42M	-111.62M	-86.93M	-55.44M	-53.65M
Other Income/Expense	-1.97M	-6.23M	-3.06M	0.68M	-0.60M
Pretax Income	-550.97M	171.24M	517.68M	729.50M	580.47M
Income Tax	2.02M	32.83M	5.47M	87.40M	66.33M
Net Income	-366.28M	201.69M	559.62M	648.79M	537.02M
EBITDA	26.31M	562.02M	847.74M	945.47M	813.75M
EBIT	-316.90M	336.40M	619.61M	732.39M	632.38M
EPS (Basic)	-4.58	2.52	7.00	8.11	6.71
EPS (Diluted)	-4.58	2.52	7.00	8.11	6.71
Margins & Efficiency
Gross Margin %	+10.1%	+26.0%	+30.5%	+33.5%	+35.2%
EBITDA Margin %	+1.0%	+17.2%	+22.6%	+25.5%	+26.7%
Net Margin %	-13.7%	+6.2%	+14.9%	+17.5%	+17.6%
Revenue & Income
Revenue	2.67B	3.26B	3.75B	3.71B	3.05B
Revenue Growth (YoY)	-18.1%	-12.9%	+1.0%	+21.8%	+34.8%
Interest & Investment Income	17.42M	37.78M	32.30M	37.55M	7.20M
Earnings From Equity Investments	2.04M	—	—	—	—
Gain (Loss) on Sale of Assets	-4.18M	-1.65M	-0.88M	-0.44M	-0.12M
Gain (Loss) on Sale of Investments	—	—	—	2.43M	1.09M
Currency Exchange Gain (Loss)	-5.89M	-4.13M	-8.36M	12.32M	-5.82M
Expenses & Provisions
Cost of Revenue	2.40B	2.42B	2.60B	2.47B	1.97B
Selling, General & Admin	564.26M	500.58M	549.04M	500.85M	446.50M
Operating Expenses	587.37M	510.64M	524.08M	511.21M	439.85M
Other Operating Expenses	-7.09M	-10.23M	-19.96M	-7.33M	-14.56M
Interest Expense	-121.42M	-111.62M	-86.93M	-55.44M	-53.65M
Other Non Operating Income (Expenses)	-1.97M	-6.23M	-3.06M	0.68M	-0.60M
Asset Writedown	-10.05M	-29.69M	—	—	—
Impairment of Goodwill	-110.00M	-50.00M	-35.00M	—	—
D&A For EBITDA	343.21M	225.62M	228.12M	213.08M	181.36M
Profitability & Returns
Gross Profit	0.27B	0.85B	1.14B	1.24B	1.07B
Gross Margin	+10.1%	+26.0%	+30.5%	+33.5%	+35.2%
EBIT	-316.90M	336.40M	619.61M	732.39M	632.38M
EBIT Margin	-11.9%	+10.3%	+16.5%	+19.7%	+20.8%
EBITDA	26.31M	562.02M	847.74M	945.47M	813.75M
EBITDA Margin	+1.0%	+17.2%	+22.6%	+25.5%	+26.7%
EBT Excluding Unusual Items	-426.73M	252.20M	553.56M	727.50M	579.51M
Pretax Income	-550.97M	171.24M	517.68M	729.50M	580.47M
Operating Income	-316.90M	336.40M	619.61M	732.39M	632.38M
Operating Margin	-11.9%	+10.3%	+16.5%	+19.7%	+20.8%
Profit Margin	-13.7%	+6.2%	+14.9%	+17.5%	+17.6%
Net Income	-366.28M	201.69M	559.62M	648.79M	537.02M
Net Income to Common	-366.28M	201.69M	559.62M	648.79M	537.02M
Net Income to Company	-552.99M	138.41M	512.21M	642.10M	514.15M
Net Income Growth	—	-64.0%	-13.7%	+20.8%	+118.6%
Earnings From Continuing Ops.	-552.99M	138.41M	512.21M	642.10M	514.15M
Minority Interest in Earnings	186.71M	63.28M	47.41M	6.69M	22.87M
Income Tax Expense	2.02M	32.83M	5.47M	87.40M	66.33M
Effective Tax Rate	—	+19.2%	+1.1%	+12.0%	+11.4%
Per Share & Capital
EPS (Basic)	-4.58	2.52	7.00	8.11	6.71
EPS (Diluted)	-4.58	2.52	7.00	8.11	6.71
EPS Growth	—	-64.0%	-13.7%	+20.8%	+118.6%
Shares Outstanding (Basic)	80.00M	80.00M	80.00M	80.00M	80.00M
Shares Outstanding (Diluted)	80.00M	80.00M	80.00M	80.00M	80.00M
Free Cash Flow	-0.17B	0.11B	-0.93B	0.27B	1.26B
Free Cash Flow Margin	-6.5%	+3.3%	-24.9%	+7.3%	+41.4%
Free Cash Flow Per Share	-2.16	1.33	-11.65	3.39	15.77
Supplemental
Other Unusual Items	—	393.18K	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	2.67B	3.26B	3.75B	3.71B	3.05B
Cost of Revenue	2.40B	2.42B	2.60B	2.47B	1.97B
Gross Profit	0.27B	0.85B	1.14B	1.24B	1.07B
SG&A	564.26M	500.58M	549.04M	500.85M	446.50M
Operating Expenses	587.37M	510.64M	524.08M	511.21M	439.85M
Operating Income	-316.90M	336.40M	619.61M	732.39M	632.38M
Interest Income	17.42M	37.78M	32.30M	37.55M	7.20M
Interest Expense	-121.42M	-111.62M	-86.93M	-55.44M	-53.65M
Other Income/Expense	-1.97M	-6.23M	-3.06M	0.68M	-0.60M
Pretax Income	-550.97M	171.24M	517.68M	729.50M	580.47M
Income Tax	2.02M	32.83M	5.47M	87.40M	66.33M
Net Income	-366.28M	201.69M	559.62M	648.79M	537.02M
EBITDA	26.31M	562.02M	847.74M	945.47M	813.75M
EBIT	-316.90M	336.40M	619.61M	732.39M	632.38M
EPS (Basic)	-4.58	2.52	7.00	8.11	6.71
EPS (Diluted)	-4.58	2.52	7.00	8.11	6.71
Margins & Efficiency
Gross Margin %	+10.1%	+26.0%	+30.5%	+33.5%	+35.2%
EBITDA Margin %	+1.0%	+17.2%	+22.6%	+25.5%	+26.7%
Net Margin %	-13.7%	+6.2%	+14.9%	+17.5%	+17.6%
Revenue & Income
Revenue	2.67B	3.26B	3.75B	3.71B	3.05B
Revenue Growth (YoY)	-18.1%	-12.9%	+1.0%	+21.8%	+34.8%
Interest & Investment Income	17.42M	37.78M	32.30M	37.55M	7.20M
Earnings From Equity Investments	2.04M	—	—	—	—
Gain (Loss) on Sale of Assets	-4.18M	-1.65M	-0.88M	-0.44M	-0.12M
Gain (Loss) on Sale of Investments	—	—	—	2.43M	1.09M
Currency Exchange Gain (Loss)	-5.89M	-4.13M	-8.36M	12.32M	-5.82M
Expenses & Provisions
Cost of Revenue	2.40B	2.42B	2.60B	2.47B	1.97B
Selling, General & Admin	564.26M	500.58M	549.04M	500.85M	446.50M
Operating Expenses	587.37M	510.64M	524.08M	511.21M	439.85M
Other Operating Expenses	-7.09M	-10.23M	-19.96M	-7.33M	-14.56M
Interest Expense	-121.42M	-111.62M	-86.93M	-55.44M	-53.65M
Other Non Operating Income (Expenses)	-1.97M	-6.23M	-3.06M	0.68M	-0.60M
Asset Writedown	-10.05M	-29.69M	—	—	—
Impairment of Goodwill	-110.00M	-50.00M	-35.00M	—	—
D&A For EBITDA	343.21M	225.62M	228.12M	213.08M	181.36M
Profitability & Returns
Gross Profit	0.27B	0.85B	1.14B	1.24B	1.07B
Gross Margin	+10.1%	+26.0%	+30.5%	+33.5%	+35.2%
EBIT	-316.90M	336.40M	619.61M	732.39M	632.38M
EBIT Margin	-11.9%	+10.3%	+16.5%	+19.7%	+20.8%
EBITDA	26.31M	562.02M	847.74M	945.47M	813.75M
EBITDA Margin	+1.0%	+17.2%	+22.6%	+25.5%	+26.7%
EBT Excluding Unusual Items	-426.73M	252.20M	553.56M	727.50M	579.51M
Pretax Income	-550.97M	171.24M	517.68M	729.50M	580.47M
Operating Income	-316.90M	336.40M	619.61M	732.39M	632.38M
Operating Margin	-11.9%	+10.3%	+16.5%	+19.7%	+20.8%
Profit Margin	-13.7%	+6.2%	+14.9%	+17.5%	+17.6%
Net Income	-366.28M	201.69M	559.62M	648.79M	537.02M
Net Income to Common	-366.28M	201.69M	559.62M	648.79M	537.02M
Net Income to Company	-552.99M	138.41M	512.21M	642.10M	514.15M
Net Income Growth	—	-64.0%	-13.7%	+20.8%	+118.6%
Earnings From Continuing Ops.	-552.99M	138.41M	512.21M	642.10M	514.15M
Minority Interest in Earnings	186.71M	63.28M	47.41M	6.69M	22.87M
Income Tax Expense	2.02M	32.83M	5.47M	87.40M	66.33M
Effective Tax Rate	—	+19.2%	+1.1%	+12.0%	+11.4%
Per Share & Capital
EPS (Basic)	-4.58	2.52	7.00	8.11	6.71
EPS (Diluted)	-4.58	2.52	7.00	8.11	6.71
EPS Growth	—	-64.0%	-13.7%	+20.8%	+118.6%
Shares Outstanding (Basic)	80.00M	80.00M	80.00M	80.00M	80.00M
Shares Outstanding (Diluted)	80.00M	80.00M	80.00M	80.00M	80.00M
Free Cash Flow	-0.17B	0.11B	-0.93B	0.27B	1.26B
Free Cash Flow Margin	-6.5%	+3.3%	-24.9%	+7.3%	+41.4%
Free Cash Flow Per Share	-2.16	1.33	-11.65	3.39	15.77
Supplemental
Other Unusual Items	—	393.18K	—	—	—