Middle East Healthcare Company (Saudi German Health) Announces its Interim Financial Results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 791.13 | 712.66 | 11.01 | 733.74 | 7.821 |
| Gross Profit (Loss) | 308.04 | 279.07 | 10.38 | 283.65 | 8.598 |
| Operational Profit (Loss) | 111.34 | 105.73 | 5.305 | 101.55 | 9.64 |
| Net profit (Loss) | 63.67 | 62.88 | 1.256 | 160.13 | -60.238 |
| Total Comprehensive Income | 63.41 | 66.22 | -4.243 | 160.1 | -60.393 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,524.87 | 1,401.87 | 8.773 |
| Gross Profit (Loss) | 591.69 | 538.92 | 9.791 |
| Operational Profit (Loss) | 212.89 | 223.36 | -4.687 |
| Net profit (Loss) | 223.8 | 106.88 | 109.393 |
| Total Comprehensive Income | 223.5 | 111.32 | 100.772 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,803.59 | 1,430.93 | 26.043 |
| Profit (Loss) per Share | 2.43 | 1.16 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in revenue for the current quarter compared to the same quarter of last year is due to:
1- Growth in the total number of inpatient and outpatient visits. 2- Expansion of the Group’s operational bed capacity at select facilities. 3- Contract awarded by the Ministry of Health to operate the Mina II Emergency Hospital during the 2025 Hajj season. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Increase in net profit for the current quarter compared to the same quarter of the last year is due to:
1- Growth in the total number of inpatient and outpatient visits. 2- Expansion of the Group’s operational bed capacity at select facilities. 3- Contract awarded by the Ministry of Health to operate the Mina II Emergency Hospital during the 2025 Hajj season. 4- Decline in net finance expenses due to improved leverage and lower interest rates. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in the revenues during the current quarter compared to the previous one is due to:
1- Growth in the number performed surgeries. 2- Contract awarded by the Ministry of Health to operate the Mina II Emergency Hospital during the 2025 Hajj season. 3- Improved case mix. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit for the current quarter compared to the previous quarter is due to:
The previous quarter included a one-off capital gain of SAR 114 million related to the sale of an unutilized plot of land in Riyadh. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The increase in revenues for the current period compared to the previous year is due to:
1- Growth in the total number of inpatient and outpatient visits. 2- Expansion of the Group’s operational bed capacity at select facilities. 3- Contract awarded by the Ministry of Health to operate the Mina II Emergency Hospital during the 2025 Hajj season. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit for the current period compared to the previous year is due to:
1- Growth in the total number of inpatient and outpatient visits. 2- Expansion of the Group’s operational bed capacity at select facilities. 3- Contract awarded by the Ministry of Health to operate the Mina II Emergency Hospital during the 2025 Hajj season. 4- Decline in net finance expense due to improved leverage and lower interest rates. 5- Recognition of a one-off capital gain of SAR 114 million related to the sale of an unutilized plot of land in Riyadh. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Last year figures were re-stated due to Derivative Financial Instruments (swap rate). |
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