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Source:
الاقتصادية
Saudi Research and Media Turns Profit
The Saudi Research and Media Group (SRMG) achieved a net profit of 1.7 million SAR in the second quarter of 2026, compared to a loss of 9.7 million SAR in the same period of the previous year. This positive performance was mainly driven by a 13.3% increase in revenues, reaching 765.6 million SAR, supported primarily by growth in publishing, visual content, and digital activities, especially in the sports sector. The improvement in profitability resulted from reversing impairments related to credit losses and reducing expenses, rather than solely from higher revenues. The company also attributed its performance to expansion in content and digital platforms and increased its stake in "Thamaniya" Publishing and Distribution to 75%. Additionally, it signed a rights agreement to broadcast Saudi Pro League matches for 387 million SAR annually. The group continues to invest in sports and media content despite a decline in revenues from the printing and packaging sectors.
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