Dallah Healthcare Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 832.75 | 784.06 | 6.209 | 808.76 | 2.966 |
| Gross Profit (Loss) | 297.61 | 293.36 | 1.448 | 292.76 | 1.656 |
| Operational Profit (Loss) | 177.89 | 149.24 | 19.197 | 115.4 | 54.15 |
| Net profit (Loss) | 155.56 | 119.3 | 30.393 | 113.9 | 36.575 |
| Total Comprehensive Income | 155.49 | 119.43 | 30.193 | 115.78 | 34.297 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 4,060.93 | 3,322.82 | 22.213 |
| Profit (Loss) per Share | 1.59 | 1.22 | |
| 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 | Revenues in the first quarter of 2025 rose by 6.2% to SAR 833 million, compared to SAR 784 million for the same quarter of the previous year, an increase of SAR 49 million, despite the current quarter being impacted by the seasonality associated with the holy month of Ramadan and Eid Al-Fitr. This was driven by increased operational capacity as a result of the Group's strategic expansions, both in existing and acquired medical facilities, which contributed to the continued growth in the number of patients for the Group's hospitals.
The acquisition of Al-Salam Medical Services Company, owner of Dallah Al-Khobar Hospital, and Al-Ahsa Medical Services Company, owner of Dallah Al-Ahsa Hospital, had a positive impact on revenue growth, through adding the revenues of the acquired companies for a period of 8 days, as the acquisition process was completed in late March 2025. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit attributable to shareholders for the first quarter of 2025 rose by 30.4% to SAR 156 million, compared to SAR 119 million for the same quarter of the previous year, an increase of SAR 36 million. This resulted in an increase in earnings per share for the current quarter to SAR 1.59 per share, compared to SAR 1.22 per share for the same quarter of the previous year.
This was a result of increased revenues, in addtion to the Company's 33.33% stake in a real estate fund through an in-kind contribution of lands, which resulted in non-recurring gains of SAR 51 million. The fund raised SAR 613 million in capital and aims to develop a mixed-use project comprising commercial, office, hospitality, and healthcare space in the Al Nakheel district on King Fahd Road in Riyadh. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues in the first quarter of 2025 rose by 3% to SAR 833 million, compared to SAR 809 million in the previous quarter, an increase of SAR 24 million, despite the current quarter being impacted by the seasonality associated with the holy month of Ramadan and Eid al-Fitr. It comes as a result of the Group's strategic expansions, the acquisition of Al-Salam Medical Services Company, owner of Dallah Al-Khobar Hospital, and Al-Ahsa Medical Services Company, owner of Dallah Al-Ahsa Hospital, had a positive impact on revenue growth, through adding the revenues of the acquired companies for a period of 8 days, as the acquisition process was completed in late March 2025. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit attributable to shareholders for the first quarter of 2025 rose by 36.6% to SAR 156 million, compared to SAR 114 million for the previous quarter, an increase of SAR 42 million. This resulted in an increase in earnings per share for the current quarter to SAR 1.59 per share, compared to SAR 1.17 per share for the previous quarter.
This was a result of increased revenues, in addtion to the Company's 33.33% stake in a real estate fund through an in-kind contribution of lands, which resulted in non-recurring gains of SAR 51 million. The fund raised SAR 613 million in capital and aims to develop a mixed-use project comprising commercial, office, hospitality, and healthcare space in the Al Nakheel district on King Fahd Road 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 | - |
| Attached Documents |  |
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