Professional Medical Expertise Reports SAR 24.32M Net Profit in the Six Months 2026
PRO MEDEX 9574.SA | 0.00 |
On 2026-08-27 15:40:47 (Saudi Time), Professional Medical Expertise 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 | 212,707,352 | 190,037,403 | 11.929 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 24,317,388 | 22,106,235 | 10.002 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 174,524,838 | 131,801,365 | 32.415 | ||
| Profit (Loss) per Share | 6.95 | 6.95 | |||
| 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 period compared to the same period of the last year is | The increase in sales/revenue was primarily attributable to the growth in the Group’s revenue in Saudi Arabia by SAR 21.20 million, representing an increase of 11.3%. |
| 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 attributable to the shareholders of the issuer was primarily due to an increase in gross profit of SAR 8.88 million resulting from revenue growth, the absence of expected credit loss expenses during the current period compared with SAR 1.56 million in the corresponding period, and a reduction in finance costs of SAR 0.33 million. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items |
The Group reclassified certain comparative amounts and balances to conform to the presentation adopted for the current period, as disclosed in Note 17 to the interim condensed consolidated financial information.
The reclassifications included transferring SAR 1,024,425 from prepaid expenses and other receivables to intangible assets, together with the reclassification of certain amounts between cost of sales, selling and marketing expenses, general and administrative expenses, finance costs, and individual cash-flow line items.
These reclassifications had no impact on the net profit for the comparative period, total assets, shareholders’ equity, or total net cash flows. |
| Additional Information |
Basic and diluted earnings per share for the current period were calculated based on net profit attributable to the shareholders of the parent company of SAR 24,317,388. The comparative earnings per share were calculated based on net profit attributable to the shareholders of the parent company of SAR 22,106,235.
Based on the weighted average number of 3,500,000 ordinary shares, earnings per share amounted to SAR 6.95 for the current period, compared with SAR 6.32 for the corresponding period |
Year-on-Year Performance Drivers
Sales/Revenue increased 11.929% YoY to 212.71 million(currency not specified in original) from 190.04 million(currency not specified in original), primarily driven by growth in the Group's revenue in Saudi Arabia by SAR 21.20 million, representing an increase of 11.3%. Net profit attributable to shareholders rose 10.002% YoY to 24.32 million(currency not specified in original) from 22.11 million(currency not specified in original), mainly due to an increase in gross profit of SAR 8.88 million resulting from revenue growth, the absence of expected credit loss expenses in the current period compared with SAR 1.56 million in the prior period, and a reduction in finance costs of SAR 0.33 million.
Other Items
The external auditor issued an unmodified conclusion for the period. Total shareholders' equity (after deducting minority equity) increased 32.415% to SAR 174,524,838 from SAR 131,801,365 in the prior comparable period. Basic and diluted earnings per share for the current period amounted to SAR 6.95, calculated based on net profit attributable to shareholders of the parent company of SAR 24,317,388 and a weighted average of 3,500,000 ordinary shares, compared with SAR 6.32 for the corresponding period (calculated on net profit of SAR 22,106,235). The Group also reclassified certain comparative amounts to conform to the current period's presentation, including transferring SAR 1,024,425 from prepaid expenses and other receivables to intangible assets, along with reclassifications between cost of sales, selling and marketing expenses, general and administrative expenses, finance costs, and individual cash-flow line items; these reclassifications had no impact on net profit for the comparative period, total assets, shareholders' equity, or total net cash flows.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97831&anCat=1&cs=9574&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.