| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Current quarter revenues decreased by SAR 25 million compared to the same quarter of the previous year, reaching SAR 270 million versus SAR 295 million, representing a 9% decrease. This is primarily attributed to a decline in call center (Smart Link) segment revenues following the expiration of certain contracts, in addition to the training segment's revenues being impacted by reduced activity at Franklin Covey UAE amidst prevailing conditions. Conversely, the schools segment helped mitigate this decline by achieving revenue growth driven by an increase in student enrollment. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for the current quarter decreased by SAR 5 million to SAR 2 million, compared to SAR 7 million in the same quarter of the previous year. This decline is primarily attributed to the restatement of the first quarter of last year, which resulted in a SAR 6 million upward adjustment in compliance with SOCPA requirements regarding revenue recognition in the schools segment. This adjustment led to revising the comparative quarter's net profit from SAR 1 million to SAR 7 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenues during the current quarter compared to the previous quarter is attributable to several factors, most notably: a decrease in call center segment revenues following the expiration of certain contracts, as well as a decline in training segment revenues driven by seasonal nature of revenues, as the fourth quarter typically represents the highest performance period of the year. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company turned to a net profit of SAR 2 million in the current quarter , compared to a net loss of SAR 19 million in the previous quarter. This shift to profitability is primarily attributed to the fact that the previous quarter included the recognition of an additional provision for expected credit losses. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | N/A |
| Reclassification of Comparison Items | The results for the first quarter of the previous year were restated in line with the revenue recognition standards adopted by the Saudi Organization for Chartered and Professional Accountants (SOCPA) for the schools sector, which resulted in an adjustment to the net profit for the comparative quarter. |
| Additional Information | Earnings per share are calculated by dividing the profit for the per |
