Riyadh — Mubasher: AME Company for Medical Supplies reported a net profit of SAR 26.59 million for the first half (H1) of 2026, representing a 4.70% decrease from the SAR 27.91 million posted in H1-25.
Earnings per share (EPS) for the period fell to SAR 3.80 in H1-26 from SAR 3.99 in H1-25, according to a bourse filing.
The decline in profitability occurred despite a 5.78% rise in total revenues, which reached SAR 170.81 million in H1-26 compared to SAR 161.48 million a year earlier.
AME for Medical Supplies attributed the revenue growth to increased sales of medical supplies, which offset regional geopolitical challenges.
However, the company’s profit margins were pressured by a rise in the Euro exchange rate against the Saudi Riyal, causing the gross profit margin to contract from 43.50% to 38.50%.
Additionally, selling and marketing expenses increased during the period. These factors were partially mitigated by a reduction in general and administrative expenses, lower financing costs, and a decrease in expected credit loss provisions for installment sales.
Moreover, total shareholders' equity rose by 11.72% to reach SAR 192.15 million as of 30 June 2026.
