A look at Twareat’s 2024 revenue

Logo of Twareat Medical Co.

Twareat Medical Center (TMC Health) said it generated a total revenue of SAR 191.81 million in 2024 from medical services, products and leasing.

 

In its investor presentation for 2024, Twareat said that revenue from medical services grew by 19% year-on-year (YoY) to SAR 167.21 million.

 

For more news on listed companies

 

Product and leasing revenues reached SAR 17.11 million and SAR 7.50 million, respectively.

 

Twareat Revenue by Source for 2024 (SAR mln)

Source

2023

2024

Change

Medical Services

140.62

167.21

+19%

Products

10.56

17.11

+62%

Leasing

3.54

7.50

+112%

Total

154.72

191.81

+24%
 

Revenue from medical services and products made up 87% and 9%, respectively, of the company’s total topline in 2024.

 

Twareat Revenue by Source for 2024

Source

Percentage of Total

Medical Services

87%

Products

9%

Leasing

4%
 

The company generated SAR 126.47 million in revenue from remote areas, SAR 45.42 million from medical support services and SAR 19.93 million from the medical operation segment.

 

Twareat Revenue by Segment in 2024 (SAR mln)

Source

2023

2024

Change

Remote Areas

97.01

126.47

+30%

Medical Support Services

39.95

45.42

+14%

Medical Operation

17.77

19.93

+12%

Total

154.72

191.81

+24%
 

The revenue from the remote areas accounted for 66% of the total topline in 2024, compared to 24% for medical support services.

 

Revenue Percentage from Key Segments in 2024

Source

Percentage

Remote Areas

66%

Medical Support Services

24%

Medical Operation

10%
 

Twareat’s 2024 net earnings soared 66% to SAR 23.5 million from SAR 14.2 million in 2023. The second-half bottom line stood at SAR 7.4 million, according to data available with Argaam.

 

 Investor Presentation - Twareat 13/3/2025

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request