Mouwasat Medical reports 6% drop in Q3 2026 profit to 188 million riyals

Mouwasat Medical Services Company reported a decline in net profit attributable to shareholders to 188 million riyals in the third quarter of 2026, down from 199.6 million riyals in the same period last year, marking a 6% decrease.

The company explained that the drop was due to the absence of non-recurring collections from previous receivables. It noted that, excluding this impact, net profit would have grown by 4.3%.

Company revenues rose by 10.2% to reach 856.37 million riyals in the third quarter of 2026, supported by the operation of the Yanbu hospital and higher occupancy rates.

Operating profit, however, declined by 4% to 203 million riyals, compared to 212 million riyals in the same quarter last year.

For the first nine months of 2026, net profit increased to 600 million riyals, up from 584 million riyals in the same period last year, representing a 3% rise.

Earnings per share reached 3 riyals in the current period, compared to 2.92 riyals in the corresponding period last year.