Financial Results : Mouwasat Q1 2025 profit grows 15% to SAR 197.1M

Mouwasat Q1 2025 profit grows 15% to SAR 197.1M

04/05/2025 Argaam Exclusive

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Mouwasat Medical Services Co.’s net profit increased 15% to SAR 197.1 million for Q1 2025, from SAR 171.6 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 722.78 764.35 5.8 %
Gross Income 345.83 347.20 0.4 %
Operating Income 192.50 209.91 9.0 %
Net Income 171.58 197.05 14.8 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.86 0.99 14.8 %
EPS (Riyal) 0.86 0.99 14.8 %

The positive performance was driven by a 5.75% revenue increase to SAR 764 million in Q1 2025, compared to SAR 723 million for the same quarter of the previous year.

 

This came thanks to the elevated outpatient visits and occupancy rates in inpatient departments. Additionally, the positive impact of the improved contractual terms previously concluded with the company’s clients extended through the current three-month period.

 

Moreover, the company booked lower provisions for impairment losses on receivables in Q1 2025, compared with the same quarter of the previous year.

 

It also witnessed increased other income and softer financing costs for the first three months of 2025, due to lower balance of loans equal to installments paid during the period.

 

Mouwasat also realized lower Zakat expenses during the current quarter to match the balance of the Zakat provision with the estimated Zakat base for 2025.

 

Sequentially, Mouwasat’s net profit rose by 17.7% from SAR 167.36 million in Q4 2024.

 

Shareholders’ equity, after minority interest, rose to SAR 3.76 billion as of March 31, 2025, from SAR 3.44 billion a year earlier.

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