Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) recorded a net profit after minority interest of SAR 72.2 million for Q1 2025, a decline of 1% from SAR 72.7 million a year earlier.
| Item | Q1 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 680.33 | 701.02 | 3.0 % |
| Gross Income | 188.58 | 176.14 | (6.6 %) |
| Operating Income | 103.15 | 75.34 | (27.0 %) |
| Net Income | 72.72 | 72.20 | (0.7 %) |
| Average Shares | 200.00 | 232.00 | 16.0 % |
| Earnings Per Share before unusual items (Riyal) | 0.36 | 0.31 | (14.4 %) |
| EPS (Riyal) | 0.36 | 0.31 | (14.4 %) |
| Item | Q4 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 742.68 | 701.02 | (5.6 %) |
| Gross Income | 164.76 | 176.14 | 6.9 % |
| Operating Income | 71.67 | 75.34 | 5.1 % |
| Net Income | 73.77 | 72.20 | (2.1 %) |
| Average Shares | 232.00 | 232.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.32 | 0.31 | (2.1 %) |
| EPS (Riyal) | 0.32 | 0.31 | (2.1 %) |
Net profit before minority interest stood at SAR 67.4 million in Q1 2025 compared to SAR 60.7 million in Q1 2024.
The decline in profit was attributed to the impact of Ramadan and Eid Al-Fitr holidays, which resulted in the loss of approximately seven working days during the quarter, compared to Q1 2024.
The company’s profit was also hurt by the pre-operational expenses related to the group’s ongoing expansion initiatives.
On the other hand, revenue grew in Q1 2025 by 3% year-on-year (YoY) to SAR 701 million, driven by higher patient volumes and an improved business mix across the group, with an increase in average revenue per patient.
In addition, net profit margin grew by approximately 70 basis points to 9.6%, up from 8.9% in Q1 2024. The improvement was due to revenue growth alongside a reduction in net financing costs.
On a quarterly basis, Q1 2025 profit fell slightly by 2.1% from SAR 73.77 million in Q4 2024.
Shareholders’ equity, after minority interest, stood at SAR 3.01 billion as of March 31, 2025, up from SAR 1.09 billion a year earlier.
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