Dallah profit jumps 30% to SAR 155.6M in Q1 2025

Dallah Healthcare Co.’s Q1 2025 net profit jumped 30% to SAR 155.6 million from SAR 119.3 million in Q1 2024.

The profit increase is driven by a 6.2% year-on-year (YoY) rise in revenue to SAR 833 million. This increase was realized despite the current quarter being impacted by the seasonality associated with the month of Ramadan and Eid Al-Fitr. This was driven by increased operational capacity as a result of the group's strategic expansions, both in existing and acquired medical facilities, which contributed to the continued growth in the number of patients for the group's hospitals.

The acquisition of Al-Salam Medical Services Co. (owner of Dallah Al-Khobar Hospital), and Al-Ahsa Medical Services Co. (owner of Dallah Al-Ahsa Hospital), had a positive impact on revenue growth.

In addition, the company's 33.33% stake in a real estate fund through an in-kind contribution of lands resulted in non-recurring gains of SAR 51 million. The fund raised SAR 613 million in capital and aims to develop a mixed-use project comprising commercial, office, hospitality, and healthcare space in Al Nakheel district on King Fahd Road in Riyadh.

On a sequential basis, the net earnings grew by 36.6% from SAR 113.9 million in Q4 2024.

Shareholders’ equity, excluding minority interest, reached SAR 4.06 billion as of March 31, 2025, up from SAR 3.32 billion a year earlier.

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