On 2026-08-06 15:50:02 (Saudi Time), Aldawaa Medical Services Co. 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 30 June 2026, Aldawaa Medical Services Co. reported a 5.049% YoY decline in sales/revenue to SAR 3,181.31 million (from SAR 3,350.49 million), driven by softer demand patterns in the Retail business, partially offset by strong growth in Distribution revenues (+97.9%) and Logistics revenues (+42.8%), along with continued expansion of the online channel. Net profit attributable to shareholders fell sharply by 72.611% YoY to SAR 52.52 million (from SAR 191.74 million), primarily reflecting the decline in revenue and gross profit, a more competitive operating environment, and the Group's continued investments in expansion strategy and strategic infrastructure, including digital capabilities, selective Retail expansion, and Distribution and Logistics infrastructure, despite operating expenses remaining broadly flat in absolute terms.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 5.9% to SAR 1,635.93 million (from SAR 1,545.38 million in the previous quarter), driven by continued commercial execution across the Group's omnichannel platform and sustained growth in strategic verticals including Distribution and Logistics. Net profit attributable to shareholders increased 36% QoQ to SAR 30.26 million (from SAR 22.25 million), primarily supported by the revenue growth and cost optimization initiatives that reduced selling, distribution, and general & administrative expenses by SAR 18.3 million (3.7%).

Other Items

The external auditor issued an unmodified conclusion on the interim financial results for the six months ended June 30, 2026. No material risks, going concern uncertainties, or debt covenant breaches were flagged, and no additional auditor comments were noted under any emphasis of matter, reservation, or adverse opinion paragraphs. Accumulated losses were not reported for the period. Certain corresponding figures have been rearranged and reclassified, with the effect stated as not material. Total shareholders' equity (after deducting minority equity) stood at SAR 1,348,253 thousand as of the current period, compared to SAR 1,403,938 thousand in the same period of the prior year, a decline of 3.966%. Earnings per share for the current six-month period were SAR 0.62, compared to SAR 2.26 in the same period of the prior year. The retail gross margin for the first half of 2026 was maintained at 36.1%, which the Group described as demonstrating "disciplined commercial execution and effective margin management."

Original announcement:

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