Mouwasat earns SAR 600.4M in 9M 2026; Q3 at SAR 188M

Mouwasat Medical Services Co. generated net earnings of SAR 600.4 million for the first nine months of 2026, up from SAR 583.7 million in 9M 2025.

The increase in profit was driven by a 9.8% rise in revenue to SAR 2.56 billion during the current period, compared to SAR 2.33 billion in the same period last year. This was mainly driven by revenue generated by Yanbu Hospital, which began operations in Q1 2026, higher occupancy rates in inpatient departments and lower Zakat expenses in 2026, following the issuance of the final Zakat assessment for 2024 and a reduction in the Zakat provisions previously recognized.

This was partly offset by pressure on profit margins resulting from strategic expansions, particularly the impact of the launch of the new Yanbu Hospital in Q1 2026. These pressures were absorbed by the flexibility of the company's operating model. Excluding this impact, net profit growth would have reached 14.0%.

In Q3 2026, net earnings dropped 5.8% to SAR 188 million from SAR 199.66 million a year before.

Q3 2025 included a non-recurring item of a partial recovery of doubtful accounts receivable—which had impacted its result, excluding this effect, net profit growth stands at 4.3%.

Sequentially, profit fell 11.1% from 211.38 million in Q2 2026.

Shareholders’ equity, after minority interest, stood at SAR 4.15 billion as of Sept. 30, 2026, compared with SAR 3.75 billion a year before.

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