Almujtama Alraida Medical Co. posted a 115% surge in its net income for the first half of 2025 to SAR 4.3 million, compared to SAR 2 million in the corresponding period of 2024.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 209.40 | 235.02 | 12.2 % |
Gross Income | 68.86 | 75.30 | 9.4 % |
Operating Income | 3.62 | 6.20 | 71.4 % |
Net Income | 1.98 | 4.26 | 115.2 % |
Average Shares | 9.50 | 9.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.21 | 0.45 | 115.2 % |
EPS (Riyal) | 0.21 | 0.45 | 115.2 % |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 221.36 | 235.02 | 6.2 % |
Gross Income | 73.27 | 75.30 | 2.8 % |
Operating Income | 4.12 | 6.20 | 50.5 % |
Net Income | 5.95 | 4.26 | (28.3 %) |
Average Shares | 9.50 | 9.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.63 | 0.45 | (28.3 %) |
EPS (Riyal) | 0.63 | 0.45 | (28.3 %) |
The profit growth during the current period was attributed to higher revenues driven by the expansion of the company’s pharmacy network and its commitment to providing competitive value to customers.
In addition, the company witnessed an increase in gross profit by SAR 6.4 million, reaching SAR 75.3 million in H1 2025, on the company’s ongoing investment strategy aimed at supporting sales growth.
On the other hand, the company reported a rise of SAR 3.6 million in operating expenses (OpEx), as it supported its investments, including new openings across the Kingdom.
There was also an increase of SAR 665,000 compared to the same period last year, primarily due to interest expense related to lease obligations, to support sales growth.
Compared to H2 2024, net profit fell 28.3% from SAR 5.95 million.
Additional Info:
Total shareholders’ equity, no minority interest, decreased to SAR 142.4 million as of June 30, 2025, from SAR 131.76 million a year earlier.
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