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A look at Twareat’s 2024 revenue
Logo of Twareat Medical Co.
Twareat Medical Center’s (TMC Health) said that it delivered a total revenue of SAR 191.81 million in 2024 from medical services, products and leasing.
In its investor presentation for 2024, Twareat said that revenue from medical services grew by 19% year-on-year (YoY) to SAR 167.21 million.
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Product and leasing revenue reached SAR 17.11 million and SAR 7.50 million, respectively.
|
Twareat Revenue by Source for 2024 (SAR mln) |
|||
|
Source |
2023 |
2024 |
Change |
|
Medical Services |
140.62 |
167.21 |
+19% |
|
Products |
10.56 |
17.11 |
+62% |
|
Leasing |
3.54 |
7.50 |
+112% |
|
Total |
154.72 |
191.81 |
+24% |
Revenue from medical services and products made up 87% and 9%, respectively, of the company’s total topline in 2024.
|
Twareat Revenue by Source for 2024 |
|
|
Source |
Percentage of Total |
|
Medical Services |
87% |
|
Products |
9% |
|
Leasing |
4% |
The company generated SAR 126.47 million in revenue from remote areas, SAR 45.42 million from medical support services and SAR 19.93 million from the medical operation segment.
|
Twareat Revenue by Segment in 2024 (SAR mln) |
|||
|
Source |
2023 |
2024 |
Change |
|
Remote Areas |
97.01 |
126.47 |
+30% |
|
Medical Support Services |
39.95 |
45.42 |
+14% |
|
Medical Operation |
17.77 |
19.93 |
+12% |
|
Total |
154.72 |
191.81 |
+24% |
The remote areas revenue accounted for 66% of the total topline in 2024, compared to 24% for medical support services.
|
Revenue Percentage from Key Segments in 2024 |
|
|
Source |
Percentage |
|
Remote Areas |
66% |
|
Medical Support Services |
24% |
|
Medical Operation |
10% |
Twareat’s 2024 net earnings soared 66% to SAR 23.5 million from SAR 14.2 million in 2023. The second-half bottom line stood at SAR 7.4 million.
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