Financial Results : Equipment House’s Q1 2025 net profit down 11% to SAR 7.8M

Equipment House’s Q1 2025 net profit down 11% to SAR 7.8M

12/05/2025 Argaam Exclusive

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Scientific and Medical Equipment House Co. (Equipment House) reported a net profit (excluding minority interest) of SAR 7.8 million in Q1 2025, down 11% compared to SAR 8.8 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 216.18 221.73 2.6 %
Gross Income 37.36 33.27 (11.0 %)
Operating Income 17.10 13.77 (19.5 %)
Net Income 8.77 7.69 (12.3 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) 0.29 0.26 (12.3 %)
EPS (Riyal) 0.29 0.26 (12.3 %)

Lower earnings were due to higher operating expenses, including salaries, wages, and the cost of labour. This was offset by an increase of 2.5% year-on-year (YoY) in revenue as the company started seven new projects in subdivisions (non-medical operations, catering and supplies, and medical maintenance).

 

Net profit, before minority interest, reached SAR 7.3 million in Q1 2025, compared to SAR 8.3 million a year earlier.

 

On a sequential basis, the company swung to a profit versus a net loss of SAR 1.17 million in Q4 2024.

 

Total shareholders’ equity, after minority interest, stood at SAR 512.3 million as of March 31, 2025, compared to SAR 515.1 million a year earlier.

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