Al -Mouwasat’s profits increased to 186.9 million riyals in the second quarter

The profits of Al -Mawawas Medical Services Company increased in the second quarter of 2025 by 22.4% to 186.9 million riyals, compared to 152.7 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s trading, this rise is due to:
1- Growth in medical services revenues.
2- The decrease in the formations of the allocations for losing the decrease in value from the city’s receivables during the current quarter compared to the same quarter of the previous year.
3- The increase in other revenues.
4- The decrease in the financing cost due to the decrease in the loan balance of the value of the installments paid during the period.
5- The decrease in the item of the Zakat expense during the current quarter to suit the balance of zakat allocated with the estimated zakat bowl for 2025.
The company’s net profit decreased by 4.8% during the current quarter compared to the previous quarter, despite the increase in revenues, due to:
1- Low revenues compared to the previous quarter.
2- The rise in some of the operational and administrative cost items compared to the previous quarter.
The company’s net profit increased by 18.4% during the current period, and it was 384 million riyals compared to 324 million riyals for the same period in the previous year, due to:
1- Growth in the company’s revenues.
2- The decrease in the formations of the allocations for losing the decrease in value from the city’s receivables during the current period compared to the similar period of the previous year.
3- The decrease in the financing cost due to the decrease in the loan balance of the value of the installments paid during the period.
4- The decrease in the item of the Zakat expense during the current period to suit the balance of zakat allocated with the estimated zakat bowl for 2025.