Ataa Educational Co. announces its Interim Financial results for the Period Ending on 2026-01-31 ( Six Months )

Meanwhile, the Education segment achieved a 7% increase in net profit during the current quarter compared to the same quarter last year, driven by a 7% growth in the segment’s revenues over the same period

Additionally, the growth in student enrollment at the Company’s schools contributed to the revenue increase, with the number of students rising by 2% from 43,114 in the previous quarter to 43,744 in the current quarter

Additionally, the increase in student enrollment at the Company’s schools contributed to the growth, with the number of students rising by 2%, from 43,114 in the previous quarter to 43,744 in the current quarter

However, the positive impact of this growth was partially offset by the adjustment in the recognition methodology for educational service revenues (tuition fees), following the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA). Under this methodology, revenues are recognized based on the academic year rather than the financial year. This approach has been applied to the comparative figures, with current period revenues recognized over 173 school days versus 179 days in the same period last year, resulting from differences in the academic year start dates and the suspension of activities in the Training and Recruitment segments since the beginning of the current year

However, the positive impact of this growth was partially offset by the adjustment in the recognition methodology for educational service revenues (tuition fees), in accordance with the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA), whereby such revenues are recognized over the academic year instead of the financial year. This methodology has been applied to the comparative figures, with revenues for the current period recognized over 173 school days compared to 179 school days in the same period of the previous year.

This was despite a 47% decrease in other revenues compared to the same period last year, due to one-time revenues recognized in the prior period arising from the settlement of overdue liabilities unrelated to the Group’s core operations.

As a result of this reassessment, the Group amended the method of recognizing educational service revenues and the related costs, which led to the restatement of the comparative figures. This adjustment reflects the Group’s adoption of an approach that is more consistent with the pattern of satisfying performance obligations in accordance with International Financial Reporting Standards (IFRS).

Note 16 – Prior Period Adjustments

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following submission to the relevant regulatory authorities.

The company also invites financial analysts and investors to send their inquiries regarding the financial results to the following email within 10 days from the date of publication:

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