Smile Care’s Profits Rise 29% to SAR 6.3 Million in 2024

Basma Adeem Medical Company (Smile Care) reported a 29% increase in net profit, reaching SAR 6.3 million for the year 2024, compared to SAR 4.9 million in 2023. This follows the release of the company’s annual financial results for the period ending December 31, 2024.

Operating profit grew 33% to SAR 6.97 million, up from SAR 5.25 million in the previous year.

Total shareholders’ equity (excluding non-controlling interests) surged 128% to SAR 22 million, compared to SAR 9.8 million in 2023.

Earnings per share (EPS) increased to SAR 0.55, up from SAR 0.51 in 2023.

The company attributed its 27.88% revenue growth to SAR 33.9 million, compared to SAR 26.5 million in the previous year, to increased capacity, a rise in the number of doctors, and higher patient intake.