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Maharah Human Resources Co. announced that its wholly-owned investment arm, Growth Avenues Investment Co. (GAC), has received the audited financial statements for fiscal year 2025 and the unaudited results for Q3 2025 from its associate, Saudi Medical Systems Co. (SMS). Growth Avenues holds a 40% stake in SMS. For full-year 2025, SMS reported total revenues of SAR 1,046.12 million and a net profit of SAR 174.85 million. In Q3 2025, the associate generated revenues of SAR 275.03 million with net profits reaching SAR 42.34 million.
This disclosure provides transparency regarding the operational performance of Maharah's non-consolidated holdings. Because Maharah uses the equity method to account for its 40% interest, these performance metrics directly affect the carrying value of its investment and share of earnings. Investors and equity analysts will evaluate these underlying profit figures to assess the fundamental strength of Maharah's diversification strategies in the medical services sector.
Looking ahead, Maharah confirmed that its financial share of SMS's earnings will be integrated into the comparative figures of its Q3 2026 consolidated financial statements using the equity method. Market participants should note that this accounting treatment may lead to restatements of prior period financial figures to ensure compliance with reporting and disclosure requirements.
