Miral Dental Clinics Reports SAR 8.59M Net Profit in the Six Months 2026
MIRAL 9604.SA | 0.00 |
On 2026-08-05 08:01:49 (Saudi Time), Miral Dental Clinics Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 41,033,986 | 38,873,092 | 5.558 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8,585,239 | 8,279,972 | 3.686 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 76,336,088 | 67,663,512 | 12.817 | ||
| Profit (Loss) per Share | 4.29 | 4.14 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The increase in revenues during the current period compared to the same period of the previous year is due to the continued growth of the company’s operational activity, which was reflected in the increased volume of medical services provided and improved operational levels, supported by a focus on increasing the efficiency of operating capacity utilization of clinics and the continued development of the customer base, which contributed to achieving sustainable revenue growth during the period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit during the current period compared to the same period of the previous year is due to the growth in operating revenues, supported by the company’s continued implementation of its initiatives aimed at raising operational efficiency, enhancing financial discipline, and improving the efficiency of cost and expenditure management. This enabled the company to absorb the operating costs associated with running the new branches while maintaining strong profit margins, which was reflected positively in the growth of net profit during the period. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | No reclassification has been made to the comparative figures |
| Additional Information | The results for the period reflect the company’s ability to balance operational expansion and profitability improvement through effective cost management and increased operational efficiency, enabling it to absorb the costs associated with operating new branches while maintaining a strong financial position and continuing to generate rewarding returns for shareholders. |
Year-on-Year Performance Drivers
Sales/Revenue increased 5.558% YoY to SAR 41.03 million (from SAR 38.87 million), driven by continued growth in operational activity, higher volumes of medical services provided, improved utilization of clinic operating capacity, and an expanding customer base. Net profit attributable to shareholders rose 3.686% YoY to SAR 8.59 million (from SAR 8.28 million), supported by revenue growth and the company's ongoing initiatives to enhance operational efficiency, strengthen financial discipline, and improve cost and expenditure management, which enabled it to absorb costs associated with new branch operations while maintaining strong profit margins.
Other Items
Miral Dental Clinics Co.'s external auditor issued an unmodified conclusion for the interim period ending June 30, 2026. No accumulated losses or fair value changes in investment properties were reported. Total shareholders' equity (after deducting minority equity) stood at SAR 76,336,088, up 12.817% from SAR 67,663,512 in the same period of the prior year. Earnings per share were SAR 4.29, compared to SAR 4.14 in the prior year period. The company stated in the announcement that "the results for the period reflect the company's ability to balance operational expansion and profitability improvement through effective cost management and increased operational efficiency, enabling it to absorb the costs associated with operating new branches while maintaining a strong financial position and continuing to generate rewarding returns for shareholders." No reclassification was made to comparative figures, and no material risks or going concern uncertainties were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97255&anCat=1&cs=9604&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.