Middle East Healthcare Reports SAR 301.88M Net Profit in 2025
SAUDI GERMAN HEALTH 4009.SA | 35.68 | -0.72% |
On 2026-02-24 15:59:03 (Saudi Time), Middle East Healthcare Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 3,102.63 | 2,882.82 | 7.62 | ||
| Gross Profit (Loss) | 1,160.04 | 1,113.9 | 4.14 | ||
| Operational Profit (Loss) | 387.3 | 440.93 | -12.16 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 301.88 | 282 | 7.05 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 292.27 | 306.5 | -4.64 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,872.36 | 1,626.11 | 15.14 | ||
| Profit (Loss) per Share | 3.28 | 3.06 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The increase in revenues for the current period compared to the previous year is due to:
1- Growth in the total number of inpatient and outpatient visits. 2- Expansion of the Group’s operational bed capacity across select facilities. 3- The one-off contract awarded by the Ministry of Health to operate Mina II Emergency Hospital during the 2025 Hajj season. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The increase in net profit for the current period compared to the previous year is due to:
1- Growth in the total number of inpatient and outpatient visits. 2- Expansion of the Group’s operational bed capacity across select facilities. 3- The one-off contract awarded by the Ministry of Health to operate the Mina II Emergency Hospital during the 2025 Hajj season.
4- Decline in net finance expenses due to improved leverage and lower interest rates.
5- Recognition of a one-off capital gain of SAR 114 million from the sale of an unutilized plot of land in Riyadh, compared to a capital gain of SAR 19.6 million from a land sale recorded in the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information |
- Last year figures were re-stated due to Derivative Financial Instruments (swap rate).
- Last year net profit included capital gain of SAR 19.6 million due to sale of land in Riyadh and a one-off non-recurring gain of SAR 45 million on zakat restructuring
- MEAHCO finalize the Zakat assessments for the year 2021 to 2023 with nil demand.
- Subsidiary company Zakat and Tax status for the years 2014 to 2019 is considered closed based on the status of limitation |
Year-on-Year Performance Drivers
Sales increased 7.62% YoY to SAR 3,102.63 million, driven by growth in inpatient and outpatient visits, expansion of operational bed capacity across select facilities, and a one-off contract to operate Mina II Emergency Hospital during the 2025 Hajj season. Net profit rose 7.05% to SAR 301.88 million, supported by the same operational factors plus reduced finance expenses due to improved leverage and lower interest rates, and a significant one-off capital gain of SAR 114 million from land sale compared to SAR 19.6 million in the previous year.
Other Items
The auditors issued an unmodified opinion with no additional comments or qualifications. The company reported revenue of SAR 3,102.63 million and net profit of SAR 301.88 million. Total shareholders equity increased 15.14% to SAR 1,872.36 million. Earnings per share reached SAR 3.28 compared to SAR 3.06 in the previous year. Previous year figures were restated due to derivative financial instruments adjustments. The company finalized zakat assessments for 2021-2023 with nil demand, and subsidiary zakat and tax status for 2014-2019 is considered closed based on limitation status.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93287&anCat=1&cs=4009&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.