Riyadh — Mubasher: Altharwah Albashariyyah Company (Tharwah) shifted to a net loss of SAR 1.34 million in the first half (H1) of 2026 from a net profit of SAR 6.66 million in H1-25, according to a bourse filing.
The loss per share reached SAR 0.29 in H1-26, against earnings per share (EPS) of SAR 1.44 a year earlier.
Meanwhile, the company's revenues rose by 13.26% to SAR 54.12 million in H1-26 from SAR 47.78 million in H1-25.
Tharwah attributed the top-line growth to the full-period consolidation of Amjad Watan for Exhibitions and Conferences.
However, the consulting and training services market faced headwinds as clients delayed spending and restructured project priorities.
To maintain market share and retain clients amid shifting budgets, the company opted to reduce profit margins on several contracts.
Total shareholders' equity decreased by 9.63% to SAR 77.85 million in H1-26 from SAR 86.14 million in H1-25.
The company also noted that comparative figures for 2025 were restated following the completion of a purchase price allocation study related to its recent acquisition, which resulted in a SAR 4.05 million adjustment to the prior period's net profit.
