Maharah’s investment arm holds a 40% stake in associate Saudi Medical Systems Co.
Maharah Human Resources Co.said its wholly owned subsidiary, Growth Avenues Investment Co. (GAC), which holds a 40% stake in associate Saudi Medical Systems Co. (SMS), received on Sept. 1 the audited financial statements for 2025. 
GAC also received the unaudited interim financial statements for Q3 2025, Maharah said in a statement to Tadawul.
SMS Audited Statements for 2025 (SAR mln)
Period
Revenue
Net Profit
2025
1046.12
174.85
SMS Unaudited Statements for Q3 2025 (SAR mln)
Period
Revenue
Net Profit
Q3 2025
275.03
42.34
Maharah said its share of the associate’s results will be recognized and incorporated into the comparative figures in Q3 2026 consolidated financial statements using the equity method, in compliance with the relevant presentation and disclosure requirements.
It added that this may result in the restatement of certain prior periods if required under applicable accounting standards, noting that the financial impact and any additional details will be disclosed when Q3 2026 results are announced.
Maharah’s investment arm holds a 40% stake in associate Saudi Medical Systems Co.
Maharah Human Resources Co.said its wholly owned subsidiary, Growth Avenues Investment Co. (GAC), which holds a 40% stake in associate Saudi Medical Systems Co. (SMS), received on Sept. 1 the audited financial statements for 2025.
GAC also received the unaudited interim financial statements for Q3 2025, Maharah said in a statement to Tadawul.
SMS Audited Statements for 2025 (SAR mln)
Period
Revenue
Net Profit
2025
1046.12
174.85
SMS Unaudited Statements for Q3 2025 (SAR mln)
Period
Revenue
Net Profit
Q3 2025
275.03
42.34
Maharah said its share of the associate’s results will be recognized and incorporated into the comparative figures in Q3 2026 consolidated financial statements using the equity method, in compliance with the relevant presentation and disclosure requirements.
It added that this may result in the restatement of certain prior periods if required under applicable accounting standards, noting that the financial impact and any additional details will be disclosed when Q3 2026 results are announced.
