Financial Results : Care Q1 2025 net profit up 5% to SAR 85.4M

Care Q1 2025 net profit up 5% to SAR 85.4M

11/05/2025 Argaam Exclusive

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National Medical Care Co. (Care) reported a net profit of SAR 85.4 million in Q1 2025, a 5% growth from SAR 81.3 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 298.56 385.32 29.1 %
Gross Income 110.20 142.98 29.7 %
Operating Income 71.05 96.55 35.9 %
Net Income 81.29 85.37 5.0 %
Average Shares 44.85 44.85 -
Earnings Per Share before unusual items (Riyal) 1.46 1.90 30.4 %
EPS (Riyal) 1.81 1.90 5.0 %

The earnings were propelled by higher revenue, more efficient operations across the company’s facilities, and favorable expected credit loss (ECL) expenses, due to reversals resulting from recoveries and settlements with insurance companies.

 

These gains were, however, offset by higher general and administrative expenses (G&As) related to the newly acquired assets, ongoing efforts to strengthen the company’s head office team, reduced other income, and increased financing costs.

On a sequential basis, net profit fell 2.1% from SAR 87.19 million in Q1 2024.

 

Total shareholders’ equity, no minority interest, rose to SAR 1.71 billion as of March 31, 2025, compared to SAR 1.53 billion a year earlier.

 

 

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