Riyadh — Mubasher: Digital Research Company reported a net loss of SAR 7.39 million for the six-month period ended on 30 June 2026.
The net losses widened by 113.07% when compared to SAR 3.47 million loss recorded in the first half (H1) of 2025, according to a bourse filing.
The company’s loss per share deepened to SAR 2.72 in H1-26 from SAR 1.28 in the prior-year period.
Total revenue fell by 46.04% to SAR 12.62 million in January-June 2026 when compared with SAR 23.39 million in H1-25. The company attributed the decline primarily to a SAR 13.18 million or 60.27% plummet in government sector revenue, following the completion of several major projects.
DRC noted that this downturn in revenue was partially offset by a 159.48% surge in private sector revenue, which grew by SAR 2.41 million.
The widening loss was also impacted by a shift to a gross loss of SAR 1.29 million in H1-26, compared to a gross profit of SAR 3.70 million a year earlier.
Saudi DRC stated that cost-saving measures helped reduce the cost of revenue by 29.34% and lowered general and administrative expenses by 10.12%.
As of 30 June 2026, the accumulated losses reached SAR 5.56 million, representing 18.82% of the company's capital.
Meanwhile, total shareholders' equity stood at SAR 24.18 million at the end of the period.
