Middle East Healthcare Co. (Saudi German Health) reported a net profit of SAR 223.8 million in the first half of 2025, up from SAR 106.9 million in the same period a year earlier.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 1,401.87 | 1,524.87 | 8.8 % |
Gross Income | 538.92 | 591.69 | 9.8 % |
Operating Income | 223.36 | 212.89 | (4.7 %) |
Net Income | 106.88 | 223.80 | 109.4 % |
Average Shares | 92.04 | 92.04 | - |
Earnings Per Share before unusual items (Riyals) | 0.95 | 1.19 | 25.5 % |
EPS (Riyal) | 1.16 | 2.43 | 109.4 % |
The profit growth was driven by higher revenue and lower financing costs.
Revenue rose due to higher inpatient and outpatient visits, expanded bed capacity at several facilities, and a seasonal contract from the Ministry of Health to run Mina Emergency Hospital 2 during Hajj 2025.
Financing costs dropped as debt levels improved and interest rates declined.
The company also booked a one-time capital gain of SAR 114 million from selling an unused land plot in Riyadh.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 712.66 | 791.13 | 11.0 % |
Gross Income | 279.07 | 308.04 | 10.4 % |
Operating Income | 105.73 | 111.34 | 5.3 % |
Net Income | 62.88 | 63.67 | 1.3 % |
Average Shares | 92.04 | 92.04 | - |
Earnings Per Share before unusual items (Riyal) | 0.47 | 0.69 | 46.3 % |
EPS (Riyal) | 0.68 | 0.69 | 1.3 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 733.74 | 791.13 | 7.8 % |
Gross Income | 283.65 | 308.04 | 8.6 % |
Operating Income | 101.55 | 111.34 | 9.6 % |
Net Income | 160.13 | 63.67 | (60.2 %) |
Average Shares | 92.04 | 92.04 | - |
Earnings Per Share before unusual items (Riyal) | 0.50 | 0.69 | 38.0 % |
EPS (Riyal) | 1.74 | 0.69 | (60.2 %) |
In Q2 2025, Saudi German Health’s net profit rose by 1.3% to SAR 63.67 million from SAR 62.88 million in Q2 2024.
Net financing costs declined due to improved debt levels and lower interest rates.
Quarter-on-quarter, the company reported a 60.2% profit decline from SAR 160.13 million.
Shareholders’ equity, after minority interest, increased to SAR 1.80 billion as of June 30, 2025, from SAR 1.43 billion a year earlier.
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