On 2026-08-03 15:44:30 (Saudi Time), Al Hammadi Holding announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending June 30, 2026, Al Hammadi Holding's sales/revenue grew 6.785% YoY to SAR 640.84 million (vs. SAR 600.12 million), driven by a 21.0% surge in the Pharmaceutical Products Segment to SAR 144.23 million due to higher retail sales at the subsidiary, and a 3.3% increase in the Medical Services Segment to SAR 496.61 million. Despite the revenue growth, net profit attributable to shareholders declined 5.71% YoY to SAR 128.13 million (vs. SAR 135.89 million), primarily due to a contraction in gross profit margin from 31.6% to 28.2% caused by rising operating costs, a SAR 16.62 million increase in general, administrative, and marketing expenses (reaching SAR 67.31 million) largely related to the launch of Al Hammadi Hospitals Group's new brand identity, a SAR 2.86 million decrease in other income, a SAR 3.09 million decline in finance income, and a SAR 2.83 million increase in finance costs to SAR 15.20 million driven by accelerated construction works for the Al Olaya Al Hammadi Hospital branch.

Quarter-on-Quarter Performance Drivers

QoQ revenue was nearly flat, edging up 0.8% to SAR 321.75 million from SAR 319.09 million, driven by a 1.1% increase in the Medical Services Segment revenues reaching SAR 249.67 million. Net profit surged 27.8% QoQ to SAR 71.89 million from SAR 56.24 million, primarily due to a reversal of ECL provision of SAR 9.17 million (versus a charge of SAR 17.31 million in Q1), a SAR 6.44 million reduction in general, administrative, and marketing expenses to SAR 30.44 million on lower promotional and advertising costs, and a SAR 6.99 million gain on disposal of property and equipment from the compulsory expropriation of land in northeast Riyadh.

Other Items

Al Hammadi Holding's interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments, reservations, or other matters noted in the auditor's report. For the current quarter (Q2 2026), revenue increased 7.882% YoY to SAR 321.75 million, while gross profit declined 14.044% YoY to SAR 79.93 million and net profit attributable to shareholders rose 16.026% YoY to SAR 71.89 million, with total comprehensive income attributable to shareholders reaching SAR 72.69 million. For the six-month period, gross profit declined 4.474% YoY to SAR 181.02 million, and total comprehensive income attributable to shareholders decreased 9.219% YoY to SAR 125.45 million. Total shareholders' equity (after deducting minority equity) stood at SAR 2,066.62 million, up 3.984% from SAR 1,987.44 million in the same period of the prior year. Earnings per share for the current period were SAR 0.8, compared to SAR 0.85 for the same period last year. No material risks, going concern uncertainties, accumulated losses, or reclassification of comparison items were disclosed.

Original announcement:

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