Q3 2025 National Medical Care Company SJSC Earnings Call Transcript
Key Points
- National Medical Care Co (SAU:4005) reported a 41% year-on-year increase in total patient count, reaching approximately 711,000 patients.
- Revenue grew by 32% year-on-year to 1.2 billion SAR, with a record-breaking performance in the third quarter.
- Net profit climbed 70% year-on-year, reaching 248 million SAR, demonstrating strong financial performance.
- Operational efficiency improved significantly, with bed capacity expanding by 17% year-on-year and occupancy rates averaging 82%.
- The company successfully integrated Al Salam Hospital, contributing significantly to patient volume and revenue growth.
- Operating expenses rose by 39% year-on-year, primarily due to increased SG&A expenses linked to operational expansion.
- Net margin contracted by 2 percentage points to 20.7%, mainly due to higher Zakat and finance costs.
- There were delays in receivables collection, particularly from the Ministry of Health, due to administrative changes.
- The cash conversion cycle lengthened to 142 days, reflecting increased working capital needs.
- Revenue per inpatient dropped by 13% year-on-year, attributed to the lower revenue per patient at Al Salam Hospital.
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Good afternoon and good morning, everyone.
Welcome to the Care Medical's third quarter 2025 earnest conference call. I am Sekha Majumdar, equity research analyst at HSBC, and I'll be your host for today's conference call. Joining us from Ca management team today are Dr. Abdulaziz Saleh Alobaid, Managing Director and CEO, Mr. Jahanzeb Khan, Chief Financial Officer, Mr. Nasir Ali, Chief Strategy Officer, and Ms. Aliya Balba, Director Investor relations.
Today's call will have a presentation by company management, followed by a question-and-answer session. To ask a question, please click the hand raise button. Alternatively, you can post your questions in the chatbox. With that, I would now like to hand the call over to Ms. Alia Balba to kick things off. Alia, please go ahead.
Thank you Sao for the introduction and hosting our call today. Good afternoon,
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