Bupa Arabia for Cooperative Insurance Company (8210) Q4 2025 earnings summary

Executive summary

• Achieved robust insurance revenue growth of 6.6% year-over-year in FY2025, driven by business expansion and increased membership.

• Profitability declined as EBT fell 8.7% year-over-year, mainly due to elevated inflation and margin compression.

• Maintained leadership in the health insurance market with a 29.6% GWP market share.

• Advanced strategic transformation with the 3B strategy, aiming to become the most trusted healthcare company in the Arab world by 2030.

Financial highlights

• Insurance revenue reached 19.3B SAR, up 6.6% year-over-year.

• Net insurance service results declined 12.1% year-over-year to 877M SAR.

• EBT margin decreased by 1.1 percentage points to 6.5%.

• Investment income rose 8.7% year-over-year to 731M SAR, supported by higher rates and portfolio optimization.

Outlook and guidance

• Medical inflation is expected to remain high into 2026, continuing to pressure margins.

• Strategic focus on expanding CareConnect and vertical integration to drive future growth.