Nahdi Medical Reports SAR 235.7M Net Profit in Three Months 2026
NAHDI 4164.SA | 0.00 |
On 2026-05-06 08:19:14 (Saudi Time), Nahdi Medical 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 | 2,794.4 | 2,635 | 6.049 | 2,589.3 | 7.921 |
| Gross Profit (Loss) | 987.7 | 943.8 | 4.651 | 955.2 | 3.402 |
| Operational Profit (Loss) | 259.7 | 270 | -3.814 | 208.3 | 24.675 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 235.7 | 255.2 | -7.641 | 175.9 | 33.996 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 262.1 | 253 | 3.596 | 227.5 | 15.208 |
| 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) | 2,615.7 | 2,449.1 | 6.802 |
| Profit (Loss) per Share | 1.81 | 1.96 | |
| 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 6.049% YoY to 2,794.4 million driven by 4.7% growth in the Retail business across Pharma and Front Shop segments, plus strong expansion in Healthcare (34.8% growth) and regional businesses (31.8% growth). Net profit declined 7.641% YoY to 235.7 million from 255.2 million, primarily due to increased operating expenses from continued investments supporting revenue growth and business expansion, along with higher zakat provisions compared to the prior year which benefited from a one-time zakat provision release of 17.8 million. Despite gross profit increasing 4.651% to 987.7 million, gross margin compressed from 35.8% to 35.3% due to business mix changes with accelerated growth in healthcare and online segments.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 7.921% to SAR 2,794.4 million from SAR 2,589.3 million, primarily driven by seasonality. Net profit rose 33.996% to SAR 235.7 million from SAR 175.9 million in the previous quarter, mainly driven by increased gross profit from higher revenue performance.
Other Items
The auditors issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No material risks or going concern issues were identified in the financial statements. The company maintains strict adherence to Shariah principles across all business activities including banking and investments. Other comprehensive income increased due to decreased actuarial expenses from re-assessment of end-of-service indemnity estimates, and certain comparative information was reclassified to align with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94995&anCat=1&cs=4164&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/19372_2964_2026-05-05_19-46-33_en.pdfImportant 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.