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Articles > ProMedEx Reports 10% Increase in Net Profit in H1-26

ProMedEx Reports 10% Increase in Net Profit in H1-26

By KlickAnalytics Data Insights  |   August 31, 2026 06:04PM ET

- Professional Medical Expertise Company (ProMedEx) reports SAR 24.32 million net profit in H1-26, marking a 10% increase from H1-25
- Earnings per share for the period rose to SAR 6.95 in H1-26, compared to SAR 6.32 in the prior-year half
- Total revenues increased by 11.93% to SAR 212.71 million in H1-26 from SAR 190.04 million

ProMedEx, a leading medical company based in Riyadh, announced a significant 10% increase in net profit, reaching SAR 24.32 million in the first half (H1) of 2026 compared to SAR 22.11 million recorded in the same period of 2025. This growth was reflected in the rise of earnings per share to SAR 6.95, up from SAR 6.32 in the prior-year half, as disclosed in a recent bourse filing. The company's total revenues also saw a robust increase of 11.93% to SAR 212.71 million in H1-26 from SAR 190.04 million in the previous year.

The company attributed this positive financial performance primarily to the SAR 21.20 million growth in its Saudi Arabian operations, representing an 11.3% rise in domestic business. ProMedEx also saw an increase of SAR 8.88 million in gross profit, coupled with the absence of expected credit losses that had amounted to SAR 1.56 million in the previous year. Furthermore, financing costs decreased by SAR 0.33 million, contributing to the overall profitability.

In addition, ProMedEx noted an impressive 32.42% growth in total shareholders' equity, which reached SAR 174.52 million in H1-26, compared to SAR 131.80 million in the same period a year earlier. The company reported that certain comparative figures were reclassified for consistency, including a transfer of SAR 1.02 million from prepaid expenses to intangible assets, with no significant impact on previously reported net profit.

ProMedEx's strong financial results in the first half of 2026 showcase its resilience and solid business strategy, positioning the company for further growth and success in the medical industry.
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