Kesay Clinics Co., which is in the process of listing its shares on the Nomu-Parallel Market, posted SAR 19.8 million in net profit for H1 2025, down from SAR 28.9 million in the same period a year earlier.
| Item | H1 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 75.72 | 83.02 | 9.6 % |
| Gross Income | 40.73 | 45.66 | 12.1 % |
| Operating Income | 28.86 | 20.03 | (30.6 %) |
| Net Income | 28.89 | 19.80 | (31.5 %) |
| Average Shares | 38.00 | 38.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.76 | 0.52 | (31.5 %) |
| EPS (Riyal) | 0.76 | 0.52 | (31.5 %) |
| Item | H2 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 76.28 | 83.02 | 8.8 % |
| Gross Income | 39.77 | 45.66 | 14.8 % |
| Operating Income | 19.74 | 20.03 | 1.5 % |
| Net Income | 18.48 | 19.80 | 7.1 % |
| Average Shares | 38.00 | 38.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.49 | 0.52 | 7.1 % |
| EPS (Riyal) | 0.49 | 0.52 | 7.1 % |
The annual profit slump was attributed to a 31% drop in operating profit to nearly SAR 20 million, mainly due to higher operating expenses. Accordingly, the operating profit margin contracted to 24% by H1 2025-end, versus 38% in the year-ago period.
Moreover, a refund of receivables provision worth SAR 5.9 million was recorded in H1 2024.
Additionally, EBITDA retreated to SAR 23.5 million in H1 2025, compared to SAR 31.7 million in the prior-year period. This was coupled with a rise in finance costs during the first half of this year.
This came despite the increase in H1 2025 revenues by 9.6% YoY to about SAR 83 million, which led to a 12% growth in gross profit to SAR 45.7 million and a rise in the gross profit margin to 55% for the same period.
On a sequential basis, the medical services provider’s six-month net profit advanced by 7.1% from SAR 18.48 million in H2 2024.
Total shareholders’ equity (no minority interest) amounted to SAR 48.4 million as on June 30, 2025, compared to SAR 15.9 million in the corresponding period a year ago.
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