On 2026-08-09 08:03:07 (Saudi Time), Canadian Medical Center 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, Sales/Revenue increased 23.034% YoY to SAR 76.70 million (from SAR 62.34 million), driven by the Company's continued expansion transformation plan, including launching new projects across multiple regions, entering new sectors to diversify income sources, and increasing the volume of operating activities. Despite the strong revenue growth, net profit attributable to shareholders declined 21.035% YoY to SAR 6.54 million (from SAR 8.28 million), primarily due to a decline in the valuation of the investment portfolio compared to the first half of 2025, resulting from financial market volatility and geopolitical events affecting the region, which more than offset the improvement in gross profit and operating performance.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 1.618% to SAR 38.66 million (vs. SAR 38.04 million in the prior quarter), driven by the company's ongoing expansion transformation plan — including launching new projects across multiple regions, entering new sectors to diversify income, and increasing operating activity volumes. Net profit attributable to shareholders grew 15.073% QoQ to SAR 3.50 million (vs. SAR 3.04 million), primarily due to improved gross profit margin resulting from lower cost of revenue and higher revenue, despite a partial offset from an increase in the expected credit loss provision.

Other Items

The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. For the current quarter (Q2 2026), gross profit rose 22.476% YoY to SAR 10,182,872 and operational profit increased 30.318% YoY to SAR 4,573,345, with the company stating in the announcement that "this improvement is attributable to revenue growth and a higher gross profit margin, reflecting the Company's continued improvement in operating efficiency, despite the challenges and surrounding circumstances experienced by the region during the period." The improvement in net profit during the current quarter compared to the same quarter of the prior year was also partly attributable to a significant decrease in investment portfolio losses, with the portfolio recording losses of approximately SAR 1.96 million during the same quarter of the previous year compared to limited losses of SAR 0.25 million during the current quarter. For the six-month period, total shareholders' equity (after deducting minority equity) stood at SAR 94,780,620, compared to SAR 97,805,094 in the same period of the prior year, a decline of 3.092%. Total comprehensive income attributable to shareholders for the six-month period was SAR 5,557,028, down 28.624% from SAR 7,785,582 in the prior year period, while earnings per share declined to SAR 0.08 from SAR 0.11. No reclassification of comparison items was reported.

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