Mouwasat Reports SAR 201.01M Net Profit in Three Months 2026
MOUWASAT 4002.SA | 0.00 |
On 2026-04-29 15:49:44 (Saudi Time), Mouwasat Medical Services 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 | 833.81 | 764.35 | 9.087 | 884.55 | -5.736 |
| Gross Profit (Loss) | 342.97 | 333.07 | 2.972 | 384.42 | -10.782 |
| Operational Profit (Loss) | 207.01 | 213.26 | -2.93 | 251.36 | -17.644 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 201.01 | 197.05 | 2.009 | 238.37 | -15.673 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 201.01 | 197.05 | 2.009 | 226 | -11.057 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 3,979.01 | 3,778 | 5.32 |
| Profit (Loss) per Share | 1.01 | 0.99 | |
| 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 | |||
Year-on-Year Performance Drivers
Sales increased 9.087% YoY to SAR 833.81 million, driven by higher occupancy rates in inpatient departments, improved contractual terms with clients for 2026, and the commencement of operations at Al Mouwasat Hospital in Yanbu Industrial City from February 1, 2026. Net profit rose 2.009% YoY to SAR 201.01 million, supported by the company's flexible operating model that absorbed margin pressures from strategic expansions and reduced Zakat provisions following the final 2024 assessment.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 5.736% to SAR 833.81 million due to seasonal effects from Ramadan falling within the current quarter, which reduced outpatient visit volumes. Net profit decreased 15.673% to SAR 201.01 million primarily due to the revenue decline from seasonal effects and profit margin pressure from the new Yanbu Industrial City Hospital that commenced operations on February 1, 2026.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 5.32% to SAR 3,979.01 million compared to the previous year, with earnings per share rising to SAR 1.01 from SAR 0.99. Certain comparative figures were reclassified to comply with current period presentation requirements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94779&anCat=1&cs=4002&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.