Almoosa Q1 Profit Soars 273% to SAR 51.1 Mln

Almoosa Health Co. announced on Tuesday a 273% year-on-year surge in net profit to SAR 51.1 million in the first quarter of 2025, up from SAR 13.7 million in the same quarter a year earlier, according to estimated financial results for the (three-month) period to March 31.

Operational profit rose 50% to SAR 50 million in the first quarter, compared to SAR 33.5 million in the year-ago quarter.

Profits per share in the first quarter reached SAR 1.17, up from SAR 0.39 in the same quarter last year.

According to the Company, net profit in the first quarter increased by 272.5% year-on-year to SAR 51.1 million, with a net income margin improving to 15.8% compared to 5.0% in the same quarter of the previous year. This significant increase in net income was primarily due to revenue growth, which resulted from an increase in patient volume and higher inpatient occupancy rates. Additionally, operational efficiencies in cost management and improved financing costs resulting from the loan settlement in the first quarter contributed to this improvement.