Mouwasat Medical Services Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

Mouwasat reported a 13.06% year-on-year increase in net profit to SAR 211.38 million for the second quarter of 2026, bringing total net profit for the first half of the year to SAR 412.38 million (up 7.39% YoY).
Quarterly revenue grew by 10.06% to SAR 876.44 million, driven by the operational launch of Yanbu Hospital in Q1 2026, higher inpatient occupancy rates, and the implementation of improved contractual terms with major clients.
Net income was significantly bolstered by a SAR 20.4 million capital gain from a land sale and a decrease in Zakat expenses following the reversal of provisions after a final assessment for the year 2024.
Sequential performance improved by 5.16% compared to Q1 2026, as the company benefited from a seasonal recovery in outpatient visits following the holy month of Ramadan and the continued ramp-up of the new Yanbu Industrial Hospital.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	876.44	796.35	10.057	833.81	5.112
Gross Profit (Loss)	356.41	341.7	4.304	342.97	3.918
Operational Profit (Loss)	229.39	203.44	12.755	207.01	10.811
Net Profit (Loss) Attributable to Shareholders of the Issuer	211.38	186.97	13.055	201.01	5.158
Total Comprehensive Income Attributable to Shareholders of the Issuer	211.38	186.97	13.055	201.01	5.158
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,710.24	1,560.7	9.581
Gross Profit (Loss)	699.39	674.77	3.648
Operational Profit (Loss)	436.4	416.69	4.73
Net Profit (Loss) Attributable to Shareholders of the Issuer	412.38	384.01	7.387
Total Comprehensive Income Attributable to Shareholders of the Issuer	412.38	384.01	7.387
Total Shareholders Equity (after Deducting Minority Equity)	3,965.39	3,778	4.96
Profit (Loss) per Share	2.06	1.92
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The Company’s revenue increased by 10% during the current quarter, reaching SAR 876.4 million, compared to SAR 796.4 million in the corresponding quarter of the previous year. This increase was mainly attributable to: 1-The contribution of revenues generated by Yanbu Hospital, which commenced operations during the first quarter of 2026. 2-Higher occupancy rates in inpatient departments. 3-The positive impact resulting from the implementation of certain contractual terms for 2026 under agreements previously concluded with the Company’s clients.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The Company’s net profit increased by 13% during the current quarter, reaching SAR 211.4 million, compared to SAR 187 million in the corresponding quarter of the previous year. This increase was mainly attributable to: 1-The recognition of a capital gain of SAR 20.4 million resulting from the sale of land. 2-The flexibility of the Company’s operating model and its ability to absorb pressure on profit margins arising from its strategic expansion initiatives, including the commencement of operations at the new Yanbu Industrial Hospital during the first quarter of 2026.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The Company’s revenue increased by 5.1% during the current quarter compared to the previous quarter. This increase was mainly attributable to: 1-The increased contribution of revenues generated by Yanbu Hospital, which commenced operations during the first quarter of 2026. 2-An increase in outpatient visits during the current quarter compared to the previous quarter, which was seasonally affected by the holy month of Ramadan.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The Company’s net profit increased by 5.2% during the current quarter compared to the previous quarter. This increase was mainly attributable to: 1-Higher revenues generated by Yanbu Hospital, which commenced operations during the first quarter of 2026. 2-The recognition of a capital gain of SAR 20.4 million resulting from the sale of land.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The Company’s revenue increased by 9.6% during the current period, reaching SAR 1,710 million, compared to SAR 1,561 million in the corresponding period of the previous year. This increase was mainly attributable to: 1-The contribution of revenues generated by Yanbu Hospital, which commenced operations during the first quarter of 2026. 2-Higher occupancy rates in inpatient departments. 3-The continued positive impact of improvements to certain contractual terms under agreements previously concluded with the Company’s clients, which was reflected in the results of the current period.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The Company’s net profit increased by 7.4% during the current period, reaching SAR 412 million, compared to SAR 384 million in the corresponding period of the previous year. This increase was mainly attributable to: 1-Growth in the Company’s revenue. 2-The recognition of a capital gain of SAR 20.4 million resulting from the sale of land. 3-A decrease in Zakat expense during 2026 following the issuance of the final Zakat assessment for the year 2024 and the reversal of a portion of the Zakat provisions previously recognized.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	NA
Reclassification of Comparison Items	Certain comparative figures have been reclassified to comply with the current period presentation of the condensed consolidated interim financial statements
Additional Information	The company would like to indicate the possibility of sending investors and financial analysts’ inquiries via email (Shares@mouwasat.com) within 6 working days from the date of publishing the financial statements.