Times cuts losses by 94% in H1 2026

Time Company announced its financial results for the first half of 2026, achieving a significant reduction in net losses of over 94%, thanks to a notable increase in revenues. The company's revenues reached 18.24 million SAR, a 72.05% rise compared to the previous year, driven by the implementation of new projects and confirmation of revenues from projects completed at the end of 2025. Despite the financial improvement, the report indicated concerns regarding the company’s ability to continue as a going concern due to accumulated losses of 4.96 million SAR, although management confirmed that measures have been taken to control costs and improve efficiency. Total equity decreased by 55.34% to 5.70 million SAR, and management assured that the working capital remains positive, with sufficient funding resources available to support ongoing operations in the near future.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل