Riyadh – Mubasher: Arabian International Healthcare Holding Company (Tibbiyah) reported a net loss of SAR 18.83 million in the first half (H1) of 2026, reflecting a decrease of 22.49% from the losses worth SAR 24.29 million in H1-25.
Tibbiyah attributed the narrower loss to higher operating profits of SAR 4.90 million in H1-26 and the reversal of expected credit loss provisions, though these gains were partially offset by increased financing costs and administrative expenses.
Meanwhile, EBITDA stood at SAR 9.80 million for the six-month period, according to a bourse filing.
The annual improvement in the bottom line was achieved despite a marginal 0.47% decline in total revenue, which reached SAR 312.71 million in H1-26 compared to SAR 314.20 million a year earlier.
Tibbiyah saw its medical supplies segment revenue grow by 7.60% to SAR 176.40 million in January-June 2026, which helped offset a 9.30% decline in the medical equipment sector.
Gross profit rose by 3.10% to SAR 71.60 million from SAR 69.50 million in H1-25, with gross margins expanding to 22.90% from 22.10%.
Total shareholder equity increased by 8.19% to SAR 346.33 million as of 30 June 2026.
Meanwhile, the loss per share improved to SAR 0.95 in H1-26 from SAR 1.23 in the prior-year period.
