MBC Group Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 707,893 | 987,934 | -28.346 | 1,576,631 | -55.1 |
| Gross Profit (Loss) | 240,983 | 303,945 | -20.714 | 402,982 | -40.2 |
| Operational Profit (Loss) | 24,808 | 51,429 | -51.762 | 158,797 | -84.377 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -262,533 | 151,013 | - | 198,000 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -259,591 | 149,262 | - | 195,582 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,284,525 | 3,031,752 | -24.646 |
| Gross Profit (Loss) | 643,967 | 843,104 | -23.619 |
| Operational Profit (Loss) | 183,607 | 305,265 | -39.853 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -34,017 | 413,951 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -33,873 | 408,674 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 4,486,199 | 4,550,843 | -1.42 |
| Profit (Loss) per Share | -0.19 | 1.15 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The decline in revenues during Q2 2026 compared to Q2 2025 by SR 280 million is attributed to the decrease in the Broadcasting and Other Commercial Activities (BOCA) segment’s revenues, driven by the decline in advertising revenues as a result of softer advertising demand amid the ongoing geopolitical tensions, and the conclusion of certain broadcasting and technical services contracts. MBC SHAHID segment’s revenues increased by SR60 million, driven by the increase in subscribers’ revenues. Revenues from the Media and Entertainment Initiatives segment declined by SR44 million, which is attributed to different projects delivery timing compared to the same period of the previous year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit in Q2 2026 compared to Q2 2025 decreased by SR 407 million, due to a decline in investments profits by SR 348 million, as a result of unrealized losses arising from the change in fair value on an investment in financial assets measured at fair value through profit or loss (FVTPL). In addition, operating profits declined by SR 27 million due to decrease in advertising revenues as a result of softer advertising demand amid the ongoing geopolitical tensions, offset by an increase in MBC SHAHID segment’s profit by SR 17 million, due to higher subscribers’ revenues. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenues in Q2 2026 compared to Q1 2026 by SR 869 million was driven by the positive impact of the Holy Month of Ramadan on BOCA's and SHAHID's segment revenues in Q1 2026, along with the softer advertising demand amid the ongoing geopolitical tensions in Q2 2026. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit during Q2 2026 compared to Q1 2026 by SR 479 million is due to a decline in investments profits attributed to unrealized losses arising from the change in fair value on an investment in financial assets measured at fair value through profit or loss (FVTPL) by SR 315 million, while operating profit decreased by SR 134 million due to the positive impact of the Holy Month of Ramadan on BOCA's and SHAHID's segments net profit in Q1 2026 compared to Q2 2026. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decline in revenues during H1 2026 compared to H1 2025 by SR 747 million is attributed to the decrease in the Broadcasting and Other Commercial Activities segment’s revenues, driven by the decline in advertising revenues as a result of softer advertising demand amid the ongoing geopolitical tensions, and the conclusion of certain broadcasting and technical services contracts. MBC SHAHID segment’s revenues increased by SR129 million, driven by the increase in subscribers’ revenues. Revenues from the Media and Entertainment Initiatives segment declined by SR308 million, which is attributed to different projects delivery timing compared to the same period of the previous year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit in H1 2026 compared to H1 2025 decreased by SR 448 million, due to a decline in investments profits by SR 294 million, as a result of unrealized losses arising from the change in fair value of an investment in financial assets measured at fair value through profit or loss (FVTPL). In addition, operating profits decreased by SR 122 million due to decline in advertising revenues as a result of softer advertising demand amid the ongoing geopolitical tensions, offset by MBC SHAHID segment’s profit which increased by SR 52 million, due to higher subscribers’ revenues. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None. |
| Reclassification of Comparison Items | The comparative figures have been adjusted to reflect the impact of the additional ACSC shares received arising from the share dividend, which had not been considered in the prior period fair value calculation. The resulting adjustment amounting to SAR 79 million was included in unrealized gain / (loss) on investment in financial assets at FVTPL for the three months and six months period ended 30 June 2025. The adjustment was recorded during the nine months period ended 30 September 2025 and therefore the audited consolidated financial statements for the year ended 31 December 2025 reflected the correct fair value of the investment in financial assets at FVTPL. For more information, please refer to note 16 in the interim condensed consolidated financial statements. Further, certain reclassifications have been made to the prior period's interim condensed consolidated financial statements to conform to the current period's presentation. These reclassifications had no effect on previously reported interim condensed consolidated total comprehensive income, interim condensed consolidated statement of changes in equity and interim condensed consolidated statement of financial position. |
| Additional Information | For more information, please refer to the investor relations Earnings Release attached to the announcement. |
| Attached Documents |  |
