| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,217,883,939 | 1,143,107,573 | 6.54 | ||
| Gross Profit (Loss) | 247,331,782 | 234,234,927 | 5.59 | ||
| Operational Profit (Loss) | 98,618,200 | 174,248,637 | -43.4 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15,182,009 | 81,004,437 | -81.26 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -3,300,084 | 66,447,036 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 510,364,213 | 513,515,462 | -0.61 | ||
| Profit (Loss) per Share | 0.23 | 1.25 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -20,915,508 | 3.2 | |
| All figures are in (Actual) 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 achieved revenue growth during the current financial year, with an increase of SAR 74 million (7%), reaching SAR 1,217 million compared to SAR 1,143 million in the previous year. This growth was driven by improved performance across most of our key segments: Contact Center Segment: Recorded growth of SAR 77 million (15%), driven by signing new contracts with several clients, in addition to increased business volume with existing customers. Schools Segment: Achieved growth of SAR 20 million (7%), supported by an increase in student enrollment, along with a slight rise in tuition fees. Additionally, the opening of two new schools during the previous year contributed to this growth. Training Segment: Reported growth of SAR 11 million (7%), driven by an increase in the number of trainees, improved training mix, and the introduction of new programs and courses during the year. On the other hand, the following segments limited the overall revenue growth: Management Projects Segment: Revenue declined by SAR 23 million due to the completion of certain major contracts and a decrease in the value of new projects and grants compared to the same period. University Projects Segment: Revenue decreased by SAR 11 million due to the expiration of several university operation contracts and delays in their renewal. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company’s net profit declined during the current year to SAR 15 million, compared to a net profit of SAR 81 million in the previous year. This decline is primarily attributable to the impact of non-recurring exceptional items, which were significantly higher during the comparative period, amounting to approximately SAR 89 million in 2024, including: SAR 76 million in the first quarter related to a sublease agreement SAR 13 million representing fair value adjustments for Al-Riyada School in the third quarter In contrast, exceptional items during the current year decreased substantially to only SAR 16 million, all of which are related to the sublease agreement. This reflects an improvement in earnings quality and greater operational stability. Excluding non-recurring items, there is a clear and improvement in operating profitability, with notable growth in core earnings supported by operational efficiency and business development. It is also worth noting that during the current fiscal year, the company revised its methodology for calculating expected credit losses, which resulted in an increase of approximately SAR 20 million in credit loss expenses for Trade customers compared to the previous year, due to updated assumptions and models. During the current fiscal year, the company also reassessed its revenue recognition methodology for educational services. Revenue is now recognized over the academic year instead of the fiscal year, in accordance with guidelines issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA). This change resulted in a decrease in revenue of SAR 9 million. |
| 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) | N/A |
| Reclassification of Comparison Items | Some comparative figures have been reclassified where necessary for better presentation. |
| Additional Information | Earnings per share are calculated by dividing the profit for the period attributable to shareholders of the parent company by the weighted average number of common shares during the period. |
