Middle East Healthcare Co. announces its Annual Financial results for the period ending on 2025-12-31
Middle East Healthcare Co. announces its Annual Financial results for the period ending on 2025-12-31
| Introduction | |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The increase in revenues for the current period compared to the previous year is due to: 2- Expansion of the Group’s operational bed capacity across select facilities. 3- The one-off contract awarded by the Ministry of Health to operate Mina II Emergency Hospital during the 2025 Hajj season. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profit for the current period compared to the previous year is due to: 2- Expansion of the Group’s operational bed capacity across select facilities. 3- The one-off contract awarded by the Ministry of Health to operate the Mina II Emergency Hospital during the 2025 Hajj season. 4- Decline in net finance expenses due to improved leverage and lower interest rates. 5- Recognition of a one-off capital gain of SAR 114 million from the sale of an unutilized plot of land in Riyadh, compared to a capital gain of SAR 19.6 million from a land sale recorded in the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | - Last year figures were re-stated due to Derivative Financial Instruments (swap rate). - MEAHCO finalize the Zakat assessments for the year 2021 to 2023 with nil demand. - Subsidiary company Zakat and Tax status for the years 2014 to 2019 is considered closed based on the status of limitation |
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