Saudi Research and Media Group (SASE) Q2 2025 earnings summary

Executive summary

• Interim consolidated financials for the three- and six-month periods ended 30 June 2025 were reviewed, with no material misstatements found by the independent auditor.

• The Group operates across publishing, media, advertising, printing, and related services in the Middle East, Europe, and North Africa.

• Board of Directors approved the interim financial statements on 6 August 2025.

Financial highlights

• Six-month revenue was SR 1.35 billion, down from SR 1.67 billion year-over-year.

• Net income for the six months was SR 0.9 million, a sharp decline from SR 135.9 million year-over-year.

• Gross profit for the six months was SR 309.2 million, down from SR 474.0 million year-over-year.

• Basic and diluted EPS for the six months was SR 0.01, compared to SR 2.10 year-over-year.

• Cash and cash equivalents increased to SR 721.2 million from SR 538.6 million at year-end 2024.

Outlook and guidance

• Management expects the Group to continue as a going concern for at least 12 months, with adequate resources for operational existence.