Financial Results : Dallah’s profit rises 31% to SAR 471.2M in 2024; Q4 at SAR 113.9M

Dallah’s profit rises 31% to SAR 471.2M in 2024; Q4 at SAR 113.9M

05/03/2025 Argaam Exclusive

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Dallah Healthcare Co. reported a net profit of SAR 471.2 million for 2024, an increase of 31% from SAR 360.1 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 2,942.90 3,205.73 8.9 %
Gross Income 1,078.67 1,206.84 11.9 %
Operating Income 506.31 567.12 12.0 %
Net Income 360.12 471.20 30.8 %
Average Shares 97.68 97.68 -
Earnings Per Share before unusual items (Riyals) 3.69 4.82 30.8 %
EPS (Riyals) 3.69 4.82 30.8 %

The annual net profit was propelled by an 8.9% year-on-year (YoY) rise in revenue to SAR 3.20 billion, thanks to increased operating capacity, performance efficiency and the continued growth in the number of patients.

 

The company also cited an 11.9% YoY increase in gross profit to SAR 1.20 billion. The performance of associates improved, as they recorded profits of SAR 43 million in 2024, against a loss of SAR 2 million last year. Gross profit margins expanded to 37.6% in 2024, from SAR 36.7% a year earlier.

 

The full-year earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 19.1% YoY to SAR 751 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 806.01 808.76 0.3 %
Gross Income 295.94 292.76 (1.1 %)
Operating Income 134.34 115.40 (14.1 %)
Net Income 113.65 113.90 0.2 %
Average Shares 97.68 97.68 -
Earnings Per Share before unusual items (Riyals) 1.16 1.17 0.2 %
EPS (Riyals) 1.16 1.17 0.2 %

The fourth-quarter net earnings were almost flat at SAR 113.9 million, compared to SAR 113.6 million in Q4 2023.
 

However, net earnings decreased by 9.7% quarter-on-quarter (QoQ) from 126.1 million in Q3 2024.

 

Total shareholders’ equity, after minority interest, increased to SAR 3.46 billion as of Dec. 31, 2024, from SAR 3.20 billion a year earlier.

 

Attached Documents ​

 

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