Riyadh - Mubasher: Knowledge Economic City reported 10.60% year-on-year (YoY) lower net losses at SAR 15.43 million in the first quarter (Q1) of 2026, compared to SAR 17.26 million.
The sales reached SAR 55.42 million in Q1-26, up 8.68% from SAR 50.99 million in Q1-25, according to the interim financial results.
Loss per share hit SAR 0.04 in the first three months (3M) of 2026, versus SAR 0.05 a year earlier.
The company incurred accumulated losses totaling SAR 457.77 million as of 31 March 2026, accounting for 13.50% of the capital.
Quarterly, the registered net losses deepened by 89.04% from SAR 8.16 million in Q4-25, while the revenues fell by 33.37% from SAR 83.20 million.
In 2025, the group’s losses totaled SAR 34.86 million, while the revenues stood at SAR 318.98 million.
