Financial Results : Care profits hit SAR 247.5M in 9M 2025; Q3 at SAR 82.2M

Care profits hit SAR 247.5M in 9M 2025; Q3 at SAR 82.2M

02/11/2025 Argaam Exclusive

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National Medical Care Co. (Care) reported net profits of SAR 247.5 million for the first nine months of 2025, compared to SAR 211 million in the same period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 921.15 1,195.61 29.8 %
Gross Income 329.86 441.93 34.0 %
Operating Income 208.33 272.58 30.8 %
Net Income 210.97 247.51 17.3 %
Average Shares 44.85 44.85 -
Earnings Per Share before unusual items (Riyals) 4.06 5.52 36.0 %
EPS (Riyal) 4.70 5.52 17.3 %

The company said the profit increase was mainly driven by higher revenue, which reached SAR 1.2 billion, supported by a 41% year-on-year (YoY) rise in the number of patients to 710,810.

 

It attributed the growth to higher referrals from key clients, improved performance across affiliated hospitals, and the consolidation of newly acquired branches.

 

Care said cost optimization also supported gross profit, operating profit, and EBITDA.

 

However, the net profit margin declined due to a one-off Zakat provision settlement of about SAR 29 million booked in the comparative period last year, in addition to higher Zakat expenses and financing costs in the first nine months of 2025.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 325.77 412.41 26.6 %
Gross Income 111.51 151.47 35.8 %
Operating Income 70.87 90.40 27.6 %
Net Income 60.19 82.20 36.6 %
Average Shares 44.85 44.85 -
Earnings Per Share before unusual items (Riyal) 1.34 1.83 36.6 %
EPS (Riyal) 1.34 1.83 36.6 %

Care’s Q3 2025 net profit rose 36.6% to SAR 82.2 million, compared with SAR 60.19 million a year earlier. Sequentially, net profit increased 2.8% from SAR 79.94 million in Q2 2025.

 

Shareholders’ equity, no minority interest, reached SAR 1.78 billion by Sept. 30, 2025, compared to SAR 1.54 billion in a year earlier period.

 

Attached Documents

 

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