Saudi Pharmaceutical Industries and Medical Appliances Corp. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

SPIMACO reported a net profit attributable to shareholders of SAR 133.5 million for the first half of 2026, representing a 29% increase compared to SAR 103.5 million in H1 2025. On a normalized basis, excluding a one-time gain of SAR 19 million from asset sales in the previous period, net profit grew by 58%.
Total revenue reached SAR 916.7 million in H1 2026, a 3.5% year-on-year increase, driven by an 85% surge in international sector sales (SAR 45.4 million increase) and a 55.9% rise in contract manufacturing (CMO) revenues.
Operating profit rose 20.8% to SAR 176.2 million, supported by enhanced operational efficiencies and an 18.6% reduction in finance costs, which saved the company SAR 9.2 million compared to the prior-year period.
Second-quarter momentum was particularly strong, with Q2 2026 net profit jumping 110% year-on-year to SAR 68.4 million, while total equity strengthened by 5% to SAR 1.85 billion as of June 30, 2026.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	492.9	400.8	22.979	423.8	16.304
Gross Profit (Loss)	240.1	194.1	23.699	236.1	1.694
Operational Profit (Loss)	88.7	61.4	44.462	87.5	1.371
Net Profit (Loss) Attributable to Shareholders of the Issuer	68.4	32.6	109.815	65.1	5.069
Total Comprehensive Income Attributable to Shareholders of the Issuer	69.1	43	60.697	63.5	8.818
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	916.7	885.6	3.511
Gross Profit (Loss)	476.2	423	12.576
Operational Profit (Loss)	176.2	145.9	20.767
Net Profit (Loss) Attributable to Shareholders of the Issuer	133.5	103.5	28.985
Total Comprehensive Income Attributable to Shareholders of the Issuer	132.6	122.8	7.98
Total Shareholders Equity (after Deducting Minority Equity)	1,688.4	1,503.7	12.283
Profit (Loss) per Share	1.12	0.87
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 main reasons for increase in revenue during the current quarter compared to the same quarter of the last year: - The increase in revenue from sales to the private and government sectors by 15.3% and the amount of SAR 57.5 million. - The increase in revenue from sales to the international sector by 134.2% and the amount of SAR 34.6 million.
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 main reason for the increase in net profit during the current quarter compared to the same quarter of the last year: The increase in operating profit during the current quarter compared to the same quarter of the last year by 44.4% and the amount of SAR 27.3 million mainly due to increase in revenues.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The main reasons for the increase in revenues during the current quarter compared to the previous quarter: - The increase in revenue from sales to the private and government sectors by 12.2% and the amount of SAR 46.9 million. - The increase in revenue from sales to the international sector by 57.9% and the amount of SAR 22.2 million.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net profit during the current quarter compared to the previous quarter: The increase in revenues in addition to decrease in impairment loss on financial assets by 70.8% and the amount of SAR 13.7 million as a result of improved collections despite of increase in operating expenses.
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 main reasons for the increase in revenues during the current period compared to the same period of the last year : - The increase in revenue from contract manufacturing services by 55.9% and the amount of SAR 16.6 million. - The increase in revenue from sales to the international sector by 85% and the amount of SAR 45.4 million.
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 main reasons for the increase in net profit during the current period compared to the same period of the last year: - The increase in operating profit during the current period compared to previous period by 20.7% and the amount of SAR 30.3 resulting from higher revenues and improved operational efficiency through reduction in certain expense items. - The decrease in finance cost by 18.6% and the amount of SAR 9.2 million.
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)	None
Reclassification of Comparison Items	Certain comparative figures have been reclassified to confirm the current period’s presentation.
Additional Information	None
Attached Documents	Attached Documents