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Sinomiy Retail's Q2 Losses Drop to 80.9M Riyals
AFG International (Cinema Retail) recorded a net loss of 80.9 million SAR in the second quarter of 2026, representing a 22% decrease compared to the same quarter last year. This improvement was driven by an better sales mix and increased contributions from the fashion, electronics, sports, and beauty sectors. Revenues grew by 11.5% to reach 1.26 billion SAR, supported by strong performance in the Saudi market during the Eid al-Adha season and expansion into international markets, despite a 7.8% decline compared to the first quarter due to the seasonal nature of the activity. For the first half of the year, losses increased by 21.9% to 133.9 million SAR, with accumulated total losses of 2.39 billion SAR, which represents 208.6% of the company's paid-up capital.
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