Al-Modawat Reports SAR 2.87M Net Profit in Three Months 2026
ALMODAWAT 9594.SA | 0.00 |
On 2026-05-21 08:17:42 (Saudi Time), Al-Modawat Specialized Medical Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 34,906,147 | 28,679,124 | 21.712 | 37,196,034 | -6.156 |
| Gross Profit (Loss) | 14,451,927 | 13,582,309 | 6.402 | 15,012,278 | -3.732 |
| Operational Profit (Loss) | 3,946,386 | 5,891,554 | -33.016 | 6,569,298 | -39.926 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,873,807 | 5,529,148 | -48.024 | 5,015,286 | -42.699 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,621,239 | 5,529,148 | -52.592 | 4,434,180 | -40.885 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 91,030,029 | 82,652,284 | 10.136 |
| Profit (Loss) per Share | 0.04 | 0.08 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 21.71% YoY to SAR 34.91 million from SAR 28.68 million in the previous year. However, net profit declined significantly by 48.024% YoY to SAR 2.87 million from SAR 5.53 million, despite the revenue growth. The profit decline was primarily driven by a 33.016% decrease in operational profit to SAR 3.95 million, indicating higher operating expenses that offset the positive impact of increased sales.
Other Items
The external auditor issued an unmodified conclusion for the interim financial results. Al-Modawat reported quarterly revenue of SAR 34,906,147, representing a 21.712% increase year-over-year but a 6.156% decline from the previous quarter. Net profit attributable to shareholders was SAR 2,873,807, down 48.024% year-over-year and 42.699% quarter-over-quarter. Total shareholders' equity increased 10.136% to SAR 91,030,029. Earnings per share decreased to SAR 0.04 from SAR 0.08 in the comparable prior year period. The company reported no accumulated losses, with both accumulated losses and profit/losses from investment property fair value changes showing nil amounts.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95598&anCat=1&cs=9594&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.