Almoosa Health Reports SAR 23.5M Net Profit in Three Months 2026
ALMOOSA 4018.SA | 0.00 |
On 2026-05-12 08:38:50 (Saudi Time), Almoosa Health 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 | 348.3 | 323 | 7.832 | 388 | -10.231 |
| Gross Profit (Loss) | 97 | 98.8 | -1.821 | 120.3 | -19.368 |
| Operational Profit (Loss) | 40.1 | 51.6 | -22.286 | 62.3 | -35.634 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 23.5 | 67.2 | -65.029 | 52.2 | -54.98 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 25.1 | 67.3 | -62.704 | 56.3 | -55.417 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,933.8 | 1,835 | 5.384 |
| Profit (Loss) per Share | 0.53 | 1.54 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 7.832% YoY to SAR 348.3 million, driven by continued expansion of healthcare services and enhanced operational capacity, with the Rehabilitation Hospital achieving 48.3% growth. However, net profit declined 65.029% YoY to SAR 23.5 million, primarily due to a significant swing in derivative financial instruments from a SAR 16.1 million gain in Q1-25 to a SAR 13.3 million loss in Q1-26. Additional factors included normalization of finance income following IPO proceeds deployment, increased general and administrative expenses from operational infrastructure investments, and ramp-up costs of two newly opened large medical centres. The quarter was also impacted by seasonal softness from Ramadan and Eid Al-Fitr holidays, regional geopolitical developments, and the absence of a prior-year zakat credit.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 10.23% to SAR 348.3 million primarily due to seasonal factors, as Q1-26 included Ramadan and Eid Al-Fitr holidays which typically result in lower patient volumes and reduced elective procedures. Net profit fell 54.98% to SAR 23.5 million, driven by the revenue decline and compressed gross margin from 31.0% to 27.9% due to relatively higher cost base. The decrease was partially offset by a 51.3% reduction in finance costs and improved investment results with a gain of SAR 0.8 million versus a loss of SAR 4.6 million in the previous quarter.
Other Items
The auditor issued an unmodified conclusion with no additional comments or qualifications noted. The Board of Directors approved a cash dividend of SAR 0.25 per share, totaling SAR 11.1 million for the first quarter of 2026. Adjusted net profit, excluding derivative financial instruments impact, was SAR 36.8 million compared to SAR 51.1 million in the prior year, representing a more moderate decline of 28.0% versus the reported 65.0% decrease. The adjusted net profit margin stood at 10.6% in Q1-26 versus 15.8% in Q1-25, reflecting stable operational performance despite overhead costs from newly opened medical centres. Total shareholders equity increased 5.384% to SAR 1,933.8 million, while earnings per share decreased to SAR 0.53 from SAR 1.54 in the comparable prior period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95302&anCat=1&cs=4018&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/24792_6846_2026-05-11_22-52-55_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/24792_6846_2026-05-11_22-53-01_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/24792_6846_2026-05-11_22-54-51_en.pdfImportant 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.