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Articles > Balsm Alofoq Medical Company Reports 40% Profit Decrease in First Half of 2026

Balsm Alofoq Medical Company Reports 40% Profit Decrease in First Half of 2026

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

- Balsm Alofoq Medical Company records a net profit of SAR 804,385 in H1-26, down by 40.13% from SAR 1.34 million in H1-25.
- Earnings per share (EPS) drop to SAR 0.32 in H1-26 from SAR 0.54 in the previous year.
- Total revenues surge by 17.03% to SAR 11.42 million in H1-26 from SAR 9.76 million in H1-25, attributed to expansion efforts and increased market share.

Despite a significant increase in total revenues, Balsm Alofoq Medical Company announced a 40% decline in net profit, reporting SAR 804,385 in the first half of 2026 compared to SAR 1.34 million in the same period last year. The company's earnings per share (EPS) also fell to SAR 0.32 from SAR 0.54. However, the total revenues witnessed a substantial increase of 17.03%, reaching SAR 11.42 million, driven by the company's expansion strategy and improved market share.

The company justified the drop in profit to higher operating and capital expenses associated with the launch of a new branch and a dermatology department in different locations. Additionally, preparatory costs for a substantial healthcare contract with the Royal Commission for Jubail and Yanbu also affected the bottom line. Balsm Alofoq Medical Company remains optimistic about the strategic investments made, which are expected to boost financial performance and ensure sustainable growth in the upcoming periods.
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