Riyadh - Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted SAR 36.07 million in net profits after Zakat attributable to the shareholders during the first nine months (9M) of 2025.
The 9M-25 generated profits were 63.56% lower than SAR 98.99 million in 9M-24, according to the financial results.
Insurance revenues stood at SAR 3.05 billion as of 30 September 2025, signaling an annual rise of 17% from SAR 2.60 billion in 9M-24.
The earnings per share (EPS) shrank to SAR 0.34 in 9M-25 from SAR 0.94 in the corresponding period of 2024.
Financial Statements for Q3
During the third quarter (Q3) of 2025, the net profits after Zakat attributable to the shareholders of MedGulf hit SAR 17.90 million, reflecting a 54.23% year-on-year (YoY) fall from SAR 39.12 million.
In the July-September 2025 period, the insurance revenues grew by 14.04% to SAR 1.02 billion from SAR 900.41 million in Q3-24.
Quarter-on-quarter, the Saudi company swung to net profits in Q3-25 compared with net losses of SAR 1.47 million in Q2-25, whereas the revenues edged up by 0.04% from SAR 1.02 billion.
Accumulated Losses
MedGulf recorded accumulated losses of SAR 119.06 million, equivalent to 11.34% of the company’s SAR 1.38 billion capital, as of 30 September 2025.
