Equipment House’s profits decreased to 7.7 million riyals in the third quarter

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Equipment House’s profits decreased to 7.7 million riyals in the third quarter

The profits of Dar Medical and Scientific Equipment Company decreased in the third quarter of 2025 by 29.3% to 7.7 million riyals, compared to 10.9 million riyals in the same quarter of last year.

According to the company’s statement on the website "Saudi Arabia trading"Net profit decreased directly affected by the decrease in operating and maintenance sector revenues and the costs related to final delivery that may have resulted from the completion of these projects.

According to the statement, despite the negative deviation in the provision for expected credit losses of 4.5 million riyals during the current quarter compared to the same quarter last year, net profit was positively affected by a value of 4.2 million riyals as a result of a decrease in financing costs of 2.4 million and a decrease in zakat costs of 1.8 million.

The net profit attributable to shareholders during the current quarter decreased by 4.7 million riyals, at a rate of 38% compared to the net profit in the previous quarter, directly affected by the decrease in the revenues of the subsidiaries, Roaa Al-Hemaya Company and Qarqas Drug Store Company.

The profit was affected by the decrease in revenues from the operation and maintenance sector due to the completion and delivery of some projects during the current quarter compared to the previous quarter of the current year and the costs related to the final delivery that may have resulted from the completion of those projects.

The net profit for the current quarter was affected. Within 9 months, it was positive as follows:

1 – Decrease in zakat costs by 3.5 million riyals.

2 – Decrease in general and administrative expenses by 1.8 million riyals.

Net profit attributable to shareholders increased by 0.4 million riyals at a rate of 1.4% at the end of the current period compared to the similar period of the previous year, and this is mainly due to the following:

• An increase in net profit for both Roaa Al-Hemaya Company and Qarqas Company as a result of the increase in revenues, as explained previously.

• The increase in the net profits of the subsidiaries was accompanied by a decrease in the net profits of the operation, maintenance and contracting sector as a result of the completion and delivery of a number of projects, as explained previously, and the costs that may result from the completion of those projects related to the final delivery.