SMRG swings to a loss as revenue drops 18%
Revenues of Saudi Research and Media Group (SMRG) fell significantly, swinging the state-backed media company into a loss in 2025.
The top line was down 18 percent to SAR2.7 billion ($720 million) between January and December, compared with SAR3.3 billion in the previous year, the company said in a statement to the Saudi stock exchange.
The drop was due to a decline in revenue from the public relations, advertising, and printing and packaging segments. However, the visual and digital content segment recorded a revenue increase, mainly driven by the broadcast of football tournaments.
SMRG reported a net loss of SAR366 million last year versus a net profit of SAR202 million a year ago.
Total shareholder equity fell nearly 10 percent year on year to SAR2.9 billion as of December 31, 2025.
The company’s share closed 1 percent lower at SAR88 on Thursday and is down 29 percent so far this year.
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