Riyadh – Mubasher: The net profits of Al Dawaa Medical Services Company plunged by 72.61% to SAR 52.52 million in the first half (H1) of 2026 from SAR 191.74 million in the same period last year.
The company attributed the downturn to a more competitive operating environment and lower demand within the retail sector.
Total revenue for the half-year period reached SAR 3.18 billion, representing a 5.05% decrease compared to SAR 3.35 billion a year earlier.
Despite the retail slowdown, the company saw significant growth in its strategic segments, with distribution revenue rising by 97.9% and logistics services increasing 42.80%.
Earnings per share (EPS) for the period fell to SAR 0.62 from SAR 2.26 at the end of June 2025.
For the second quarter (Q2) of 2026, net profit stood at SAR 30.26 million, a 65.04% decrease from the SAR 86.57 million recorded in the second quarter of 2025.
Quarterly revenue dipped by 2.95% to SAR 1.64 billion. However, on a sequential basis, net profit improved by 35.99% compared to Q1-26, supported by a 5.86% increase in revenue and cost-optimization initiatives that reduced operating expenses by SAR 18.30 million.
The company maintained a retail gross profit margin of 36.10% during the first half of the year.
In Q1-26, the group’s net profits attributable to the shareholders retreated by 78.84% year-on-year (YoY) to SAR 22.25 million from SAR 105.17 million.
