Financial Results : SMC profit down 34% to SAR 66M in H1 2025; Q2 at SAR 36.4M

SMC profit down 34% to SAR 66M in H1 2025; Q2 at SAR 36.4M

29/07/2025 Argaam Exclusive

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Specialized Medical Co.'s (SMC) net profit declined 34% to SAR 66 million in H1 2025, compared to SAR 100.2 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 719.40 748.86 4.1 %
Gross Income 206.00 196.24 (4.7 %)
Operating Income 125.71 89.25 (29.0 %)
Net Income 100.15 66.00 (34.1 %)
Average Shares 250.00 250.00 -
Earnings Per Share before unusual items (Riyals) 0.40 0.26 (34.1 %)
EPS (Riyal) 0.40 0.26 (34.1 %)

The profit decline was due to reduced focus on long-term care, a shift toward higher-margin clinics, higher staff retention costs, pre-opening expenses for new clinics, and one-time costs related to rebranding and the company’s IPO.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 356.33 379.96 6.6 %
Gross Income 106.04 101.91 (3.9 %)
Operating Income 64.35 48.58 (24.5 %)
Net Income 50.94 36.36 (28.6 %)
Average Shares 250.00 250.00 -
Earnings Per Share before unusual items (Riyal) 0.20 0.15 (28.6 %)
EPS (Riyal) 0.20 0.15 (28.6 %)

Net income declined 28.6% to SAR 36.36 million in Q2 2025 from SAR 50.94 million a year earlier.

 

Quarter-on-quarter, net profit rose 22.7% from SAR 29.64 million in Q1 2025.

 

Total shareholders' equity (no minority interest) rose to SAR 992.35 million by the end of the current period, compared to SAR 872.55 million a year earlier.

 

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