Canadian Medical Center Reports SAR 3.04M Net Profit in Three Months 2026
CMCER 4021.SA | 0.00 |
On 2026-05-06 08:02:22 (Saudi Time), Canadian Medical Center 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 | 38,043,638 | 30,089,173 | 26.436 | 44,200,975 | -13.93 |
| Gross Profit (Loss) | 8,172,566 | 8,845,168 | -7.604 | 13,718,571 | -40.426 |
| Operational Profit (Loss) | 4,079,855 | 5,186,703 | -21.34 | 2,860,321 | 42.636 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,038,875 | 7,445,343 | -59.184 | -1,264,887 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,727,548 | 6,874,474 | -60.323 | -1,120,549 | - |
| 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) | 92,538,885 | 96,893,986 | -4.494 |
| Profit (Loss) per Share | 0.04 | 0.1 | |
| 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 26.436% YoY to SAR 38.04 million driven by the company's transformational expansion plan, including operating new projects in the Jubail region and entering new sectors to diversify revenue streams. Net profit declined 59.184% YoY to SAR 3.04 million primarily due to a decline in investment portfolio valuation caused by financial market fluctuations and continued investment in expansion through talent recruitment. The company also entered projects in new sectors with lower profit margins as part of its strategic direction to enhance long-term sustainability.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 13.93% from 44.20 million to 38.04 million SAR due to seasonal variations in events sector, changes in NEOM project execution stages, and timing differences in medical examination services for Jubail region projects. Net profit improved significantly from a loss of 1.26 million SAR in the previous quarter to a profit of 3.04 million SAR, primarily driven by reduced investment portfolio losses (from 3.6 million SAR losses to 0.31 million SAR losses) and absence of one-off expenses related to the Main Market transition that occurred in the previous quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, indicating the company maintains a positive retained earnings position. Total shareholders' equity decreased 4.494% to SAR 92.54 million compared to the previous year. Earnings per share declined from SAR 0.1 to SAR 0.04. The company reported that Q1 2026 revenues of SAR 38.04 million represented the highest first-quarter revenues in the period from 2023 to 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94978&anCat=1&cs=4021&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/16906_8167_2026-05-06_01-03-20_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.