Dr. Sulaiman Al Habib Medical Services Group announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

This growth was primarily driven by the growth in the performance of the Group’s operating segments, including the hospitals segment, the pharmacies segment, and the solutions segment, supported by higher patient volumes.

As part of its ongoing growth strategy, the Group expanded its network by adding new hospitals in key regions. Operations commenced during 2024 for Al-Fayhaa Hospital in Jeddah, Al-Sahafa Hospital in Riyadh, and the Women’s Health Hospital in Riyadh, adding a bed capacity reaching 1,200 beds during 2024. This was followed during 2025 by Al-Hamra Hospital in Riyadh, Al-Kharj Hospital, and Al-Muhammadiyah Hospital in Jeddah, adding a bed capacity reaching 800 beds.

These newly commissioned hospitals are currently in the ramp-up phase, and increasing their contribution to revenue until they reach their optimal operating levels.

Net profit for Q1 2026 decreased by (9.64%) to SAR 503.29 million, compared to SAR 557.01 million in the same quarter of the last year.

This was primarily due to the impact of fixed costs associated with the new strategic expansions on profitability margins, including higher depreciation costs and financing costs related to these expansions, which added a bed capacity reaching 2,000 beds during 2024 and 2025.

These expansions are still in the ramp-up phase, and their contribution to revenue is expected to increase gradually until these projects reach their optimal operating levels.

Additionally, the first quarter was affected by certain seasonal factors, which impacted revenue growth rates between the comparative periods.