A look at Twareat’s 2024 revenue

Logo of Twareat Medical Co.

Twareat Medical Center’s (TMC Health) said that it delivered a total revenue of SAR 191.81 million in 2024 from medical services, products and leasing.

 

In its investor presentation for 2024, Twareat said that revenue from medical services grew by 19% year-on-year (YoY) to SAR 167.21 million.

 

For more news on listed companies

 

Product and leasing revenue reached SAR 17.11 million and SAR 7.50 million, respectively.

 

Twareat Revenue by Source for 2024 (SAR mln)

Source

2023

2024

Change

Medical Services

140.62

167.21

+19%

Products

10.56

17.11

+62%

Leasing

3.54

7.50

+112%

Total

154.72

191.81

+24%
 

Revenue from medical services and products made up 87% and 9%, respectively, of the company’s total topline in 2024.

 

Twareat Revenue by Source for 2024

Source

Percentage of Total

Medical Services

87%

Products

9%

Leasing

4%
 

The company generated SAR 126.47 million in revenue from remote areas, SAR 45.42 million from medical support services and SAR 19.93 million from the medical operation segment.

 

Twareat Revenue by Segment in 2024 (SAR mln)

Source

2023

2024

Change

Remote Areas

97.01

126.47

+30%

Medical Support Services

39.95

45.42

+14%

Medical Operation

17.77

19.93

+12%

Total

154.72

191.81

+24%
 

The remote areas revenue accounted for 66% of the total topline in 2024, compared to 24% for medical support services.

 

Revenue Percentage from Key Segments in 2024

Source

Percentage

Remote Areas

66%

Medical Support Services

24%

Medical Operation

10%
 

Twareat’s 2024 net earnings soared 66% to SAR 23.5 million from SAR 14.2 million in 2023. The second-half bottom line stood at SAR 7.4 million.

 

 Investor Presentation - Twareat 13/3/2025

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