| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 17.93 | 18.48 | -2.98 | ||
| Gross Profit (Loss) | 10.45 | 11.42 | -8.49 | ||
| Operational Profit (Loss) | 0.8 | 2.37 | -66.24 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -0.08 | 1.91 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -0.19 | 1.94 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 24.62 | 11.57 | 112.79 | ||
| Profit (Loss) per Share | -0.01 | 0.24 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The company recorded revenues of SAR 17.93 million, representing a decrease of 2.98% compared to the previous year. This decline is mainly attributed to changes in the mix of training programs and services offered during the year, as the company focused on developing and diversifying its training portfolio. In addition, the continued implementation of its expansion plans and investments in operational infrastructure impacted revenue levels during the current period. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company recorded a net loss of SAR 0.08 million, compared to a net profit in the previous year. This is mainly attributable to the impact of expansion and investments aimed at enhancing operational capacity and improving infrastructure efficiency, driven by the following: • A decrease in gross profit to SAR 10.45 million, compared to SAR 11.42 million, due to higher cost of revenues associated with developing training programs and expanding service offerings. • A decline in operating profit to SAR 0.80 million, compared to SAR 2.37 million, impacted by increased operating expenses during the year. • The results were affected by financing costs related to funding used to support the expansion of operational assets. • An increase in operating and administrative expenses associated with business expansion, including strengthening human resources and developing operational infrastructure. Despite this, the company continued to achieve a positive operating profit, supported by increased operational capacity and improved operational readiness, reflecting the efficiency of its core operations and its ability to achieve sustainable growth in the coming periods. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | The auditor’s report included an “Other Matter” paragraph indicating that the financial statements for the prior period (2024) were audited by another auditor. |
| Reclassification of Comparison Items | Some comparative figures have been reclassified among the financial statement line items to align with the presentation of the current period. Additionally, retained earnings were reduced by SAR 1,120,000 as a result of correcting an error in the recognition of certain expenses related to the prior year, in accordance with the applicable accounting standards. |
| Additional Information | The financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) as endorsed in the Kingdom of Saudi Arabia. The company affirms its continued execution of expansion plans and the development of its operational services, enhancing its ability to achieve growth and improve performance efficiency in the coming periods. The company also continues to focus on improving operational efficiency and enhancing the quality of services provided, supporting the sustainability of its business and strengthening its financial position. Management confirms that the current performance reflects a phase of transformation and strategic investment, as the company focuses on capitalizing on opportunities in the training and education sector, thereby enhancing its ability to achieve sustainable growth and improve profitability over the medium and long term. |
