Sulaiman Al Habib earns SAR 1.16B in H1 2026, SAR 662.7M in Q2

Dr. Sulaiman Al Habib Medical Services Group reported a net rise of 2% in H1 2026 net profit to SAR 1.16 billion, from SAR 1.14 billion in the year-earlier period.

The company said the first-half profit was driven by a 13.8% rise in revenue to SAR 7.44 billion from SAR 6.54 billion a year ago, supported by growth in its hospitals and pharmacies segments.

The growth was attributed to higher patient volumes and occupancy rates at hospitals, which also boosted pharmacy sales, as well as higher topline from the Solutions segment. Revenue growth was further supported by the continued ramp-up of newly opened hospitals under the group's strategic expansion plan, although these facilities are still progressing toward optimal utilization.

EBITDA rose 13.2% to SAR 1.90 billion from SAR 1.67 billion in H1 2025, with an EBITDA margin of 25.47%.

The increase came despite the fixed operating costs associated with newly opened hospitals, which remain in the ramp-up phase and are expected to gradually increase their contribution to revenue as capacity utilization improves.

The second-quarter net earnings jumped 12.1% to SAR 662.7 million from SAR 591 million in Q2 2025. The group’s revenue rose 18.4% year-on-year (YoY) to SAR 4.01 billion, thanks to strong performance in its hospitals and pharmacies segments.

Higher patient volumes and occupancy rates boosted hospital revenue and supported pharmacy sales, while the Solutions segment also reported higher revenue.

Growth was further supported by the continued ramp-up of newly opened hospitals across the group's expansion network, which are steadily increasing their contribution as they move toward optimal operating capacity.

EBITDA increased 21.4% to SAR 1.04 billion from SAR 858.3 million in Q2 2025, with the EBITDA margin improving to 26%.

Net profit also increased 31.7% quarter-on-quarter (QoQ) from SAR 503.3 million in Q1 2026.

Total shareholders’ equity, after minority interest, stood at SAR 8.26 billion as of June 30, 2026, compared to SAR 7.49 billion a year earlier.

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