Al Dawaa Medical Services announces 61.5% profit decline in 9M-26

ALDAWAA
4163 2.09% 38.18 0.78

Riyadh — Mubasher: Al Dawaa Medical Services Company reported a 61.59% year-on-year (YoY) plunge in net profit to SAR 100.18 million during the first nine months (9M) of 2026 from SAR 260.81 million, according to the income statements.

The company attributed the downturn to a 4.73% decrease in total revenue, which reached SAR 4.81 billion, primarily due to slowing demand within the retail sector.

Earnings per share (EPS) for the period dropped to SAR 1.18 in 9M-26 from SAR 3.07 in 9M-25.

The pharmaceutical retailer also recorded a SAR 24.40 million provision for expected credit losses.

Despite the overall decline, the company noted growth in its wholesale and logistics segments, where distribution revenues soared by 62.30% and logistics services increased by 32%.

Total shareholders' equity stood at SAR 1.40 billion as of 30 September 2026, representing a 1.99% decrease from the prior year.

For the third quarter (Q3) of 2026, Al Dawaa Medical Services posted a net profit that fell by 30.99% to SAR 47.66 million compared to SAR 69.06 million in Q3-25.

However, quarterly performance showed a 57.49% recovery from the previous quarter of 2026, supported by improved gross profit margins which rose to 34.6%.

Source: Mubasher Source: {{details.article.source}}