Saudi Arabia · Delayed Price · Currency is SAR National Medical Care Company Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw stable revenue and strong patient growth, but profitability declined due to seasonal case mix and higher costs. Management expects recovery in margins and volumes as seasonal effects subside, with ongoing expansion and price negotiations set to support future growth.
Fiscal Year 2025
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Revenue grew 24% year-on-year to SAR 1.6 billion, with patient volumes up 33% and gross profit up 31%. Margin improvement and expansion are targeted through operational efficiencies and contract renegotiations, while receivables and insurance claim rejections remain key risks.
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Strong year-on-year growth in revenue, patient volumes, and profitability was driven by capacity expansion, Al Salam integration, and new service offerings. Receivables and working capital needs increased, but liquidity remains solid, with ongoing strategic investments and M&A focus.
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Revenue grew 32% and net profit 10% year-on-year in H1 2025, driven by higher patient volumes and successful integration of Al Salam Hospital. Strong cash flow, margin expansion, and ongoing strategic investments position the company for continued growth.