Strong Revenue Growth
IDH reported consolidated revenue of EGP 3.5 billion for the first half of 2025, marking a 42% increase from the same period last year. This growth was driven by a 10% increase in test volumes and a 29% increase in average revenue per test.
Egypt Market Performance
In Egypt, IDH opened 49 new locations, leading to a 43% increase in top-line revenue to EGP 3 billion. The company also saw a 9% increase in test volumes and a 3% rise in patient volumes year-on-year.
Profitability Improvements
The gross profit margin expanded by 5 percentage points, and the adjusted EBITDA margin increased by 7 percentage points compared to last year. Adjusted net profit more than doubled year-on-year, yielding a margin of 16% versus 7% last year.
Saudi Arabia Market Expansion
Biolab KSA's revenue in Saudi Arabia surpassed the SAR 1 million mark, expanding by 31% versus the prior quarter, and reached SAR 1.9 million on a year-to-date basis.
Dividend Announcement
The Board of Directors approved a cash dividend of $0.017 per share for the year ended December 31, 2024, reflecting the company's strong financial performance and robust liquidity position.