Aldawaa Reports SAR 22.25M Net Profit in Three Months 2026
ALDAWAA 4163.SA | 0.00 |
On 2026-06-07 09:13:20 (Saudi Time), Aldawaa Medical Services 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 | 1,545,375 | 1,664,921 | -7.18 | 1,682,901 | -8.171 |
| Gross Profit (Loss) | 549,971 | 604,605 | -9.036 | 585,479 | -6.064 |
| Operational Profit (Loss) | 55,602 | 139,605 | -60.171 | 105,711 | -47.401 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 22,253 | 105,170 | -78.84 | 60,949 | -63.489 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 31,053 | 93,845 | -66.91 | 79,580 | -60.978 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,428,305 | 1,496,746 | -4.572 |
| Profit (Loss) per Share | 0.26 | 1.24 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 7.18% YoY to SAR 1.55 million due to market changes and evolving consumer trading patterns, though Wholesale and Logistics segments showed strong growth of 65.8% and 58.8% respectively. Net profit dropped 78.84% YoY to SAR 0.02 million, primarily driven by the revenue decline and significantly higher operating expenses including SAR 27 million in government-related costs for employee permit renewals and a SAR 5 million non-recurring impairment provision. The company maintained a stable gross margin of 35.6% but increased selling and distribution expenses by 5.8% due to strategic investments in branch expansion and digital platform development.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 8.171% to SAR 1,545.38 million due to typical seasonal patterns in retail, as Q4 benefits from higher commercial activity and seasonal campaigns. Net profit dropped 63.489% to SAR 22.25 million, primarily driven by the revenue decline and higher operating expenses including SAR 27 million in government-related expenses for permit renewals and a SAR 5 million non-recurring impairment provision on customer accounts.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, and total shareholders' equity decreased 4.572% year-over-year to SAR 1,428,305 thousand. Earnings per share declined significantly from SAR 1.24 to SAR 0.26 compared to the same quarter last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95882&anCat=1&cs=4163&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.