On 2026-08-06 08:05:58 (Saudi Time), Dr. Soliman Abdel Kader Fakeeh Hospital 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 (1H26), sales/revenue rose marginally by 0.674% YoY to SAR 1,523.06 million from SAR 1,512.86 million, driven by a 3% increase in patients served, a 22% rise in surgical procedures, and an 86% YoY growth in New Business revenue (DSFH Riyadh and DSFH Madinah); excluding the non-recurring Hajj contract recognized in 1H25, underlying revenue grew 5.5% YoY. However, net profit attributable to shareholders declined sharply by 37.571% YoY to SAR 96.34 million from SAR 154.32 million, primarily due to lower revenues from Home Healthcare and Mature Business, reduced volumes in Operate and Manage agreements, higher depreciation and amortization at DSFH Madinah, one-off transaction costs related to acquisitions and new projects, pre-operating expenses for Medical Center Al Awali in Makkah, higher net finance costs reflecting increased average debt balances and previously capitalized DSFH Madinah borrowing interest, and costs associated with new land leases for the planned medical college in Madinah and the Jizan Hospital project.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 10.323% to SAR 798.91 million in 2Q26 from SAR 724.15 million in 1Q26, primarily driven by the absence of Ramadan and Eid Al Fitr holidays that had suppressed patient volumes in 1Q26, resulting in more effective operating days and higher patient throughput, alongside the continued ramp-up of New Business (DSFH Riyadh and DSFH Madinah). Net profit attributable to shareholders surged 50.82% QoQ to SAR 57.93 million from SAR 38.41 million, further supported by improved absorption of the Group's cost base on higher revenues and the narrowing of New Business losses as both DSFH Riyadh and DSFH Madinah sustained their operational ramp-up.

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, debt covenant breaches, or other matters were noted in the auditor's report. Total shareholders' equity (after deducting minority equity) stood at SAR 3,194.81 million as of the current period, compared to SAR 3,034.45 million in the same period of the prior year, reflecting a 5.284% increase. Earnings per share for the current period were SAR 0.42, down from SAR 0.67 in the same period of the prior year. Certain comparative figures have been reclassified for the purpose of comparison and better presentation.

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