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Nahdi Medical Co. Announces its Interim Financial Results for the Period Ending on 2026-03-31 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,794.4 | 2,635 | 6.049 | 2,589.3 | 7.921 |
| Gross Profit (Loss) | 987.7 | 943.8 | 4.651 | 955.2 | 3.402 |
| Operational Profit (Loss) | 259.7 | 270 | -3.814 | 208.3 | 24.675 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 235.7 | 255.2 | -7.641 | 175.9 | 33.996 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 262.1 | 253 | 3.596 | 227.5 | 15.208 |
| 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) | 2,615.7 | 2,449.1 | 6.802 |
| Profit (Loss) per Share | 1.81 | 1.96 | |
| 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 | Revenue: Nahdi’s Medical Company revenue grew by 6.1% in the first quarter of 2026, reaching SAR 2,794.4 million compared to SAR 2,635.0 million in the same quarter last year. The Retail business delivered a 4.7 % increase, driven by growth in both Pharma and Front Shop segments. Additionally, the Healthcare and the regional expansion businesses continued their upward momentum, recording growth of 34.8% and 31.8%, respectively (please refer to the attached press release for detailed analysis). |
| 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: The Company reported a net profit of SAR 235.7 million, compared to SAR 255.2 million in the same quarter last year, lower by 7.6% or SAR 19.5 million. Excluding one-time zakat provision release of SAR 17.8 million in Q1 2025, net profit performance remained almost flat. This result is attributed to the following reasons: - Gross Profit: The Company’s gross profit increased by 4.7% or SAR 43.9 million year-over-year to reach SAR 987.7 million, compared to SAR 943.8 million in the same quarter last year, driven by higher revenue across key businesses. Meanwhile, gross margin landed at 35.3% compared to 35.8% in the same quarter last year. This performance reflects the change in business mix with the accelerated growth in healthcare, online and ongoing investments to support revenue growth. - Operating Profit: The Company’s operating profit reached SAR 259.7 million compared to SAR 270.0 million, lower by SAR 3.8% or 10.2 million, resulted from the increase in operating expenses, incurred mainly from the continued investments to support the revenue growth and the business expansions. Furthermore, there was a net increase of SAR 9.2 million in items below operating profit, mainly in zakat provision, which is attributable to lower base in the same quarter last year, which resulted from a one-time release of zakat provision. As a result, net profit reached SAR 235.7 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue: The Company’s revenue grew by 7.9% or SAR 205.2 million to reach SAR 2,794.4 million in the first quarter of 2026 compared to SAR 2,589.3 million in the previous quarter, mainly driven by the seasonality. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net Profit: The Company's net profit rose by 34.0% or SAR 59.8 million reaching SAR 235.7, primarily driven by an increase in gross profit from higher revenue. |
| 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 | - Certain comparative information has been reclassified to align with the current presentation for the period ending 31 March 2026. |
| Additional Information | - Other Comprehensive Income increased due to decrease in actuarial expense resulted from re-assessment of the actuarial estimate for the end-of-service indemnity. - In accordance with the Company’s governance, it strictly adheres to Shariah principles in all areas of its business, including banking and investment activities. As a result, all costs incurred, and revenues generated from these activities are Shariah-compliant. |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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