Al Nahdi Q2 profit drops to 215.2M
Nadec Medical Company's profits declined by 9.73% in the second quarter of 2026 compared to the same period last year, with a net profit of 215.2 million riyals versus 238.4 million riyals previously. Additionally, profits decreased compared to the first quarter, which recorded 235.7 million riyals. Despite this, the company achieved a 4.3% increase in total gross profits, reaching 1,007.6 million riyals, driven by higher sales in healthcare and e-commerce sectors. However, the gross margin fell to 37.7%. Operating profit also declined by 5.7%, totaling 245.9 million riyals, mainly due to increased operational expenses linked to growth investments and expansion efforts. In the first half of the year, the company's profits decreased to 451 million riyals, down from 493.6 million riyals in the same period last year.
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