NCLE

National Co. for Learning & Education

4291StocksTadawulConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Jul 31, 2025	2024Jul 31, 2024	2023Aug 31, 2023	2022Aug 31, 2022	2021Aug 31, 2021
Operating Summary
Revenue	669.81M	631.56M	461.96M	315.69M	187.19M
Cost of Revenue	376.16M	324.77M	266.05M	189.18M	116.78M
Gross Profit	293.65M	306.80M	195.91M	126.51M	70.41M
SG&A	116.44M	108.23M	82.15M	50.06M	40.56M
Operating Expenses	111.02M	112.57M	84.07M	48.05M	37.94M
Operating Income	182.63M	194.23M	111.84M	78.45M	32.47M
Interest Income	1.77M	1.75M	1.96M	0.57M	0.42M
Interest Expense	-22.50M	-17.87M	-8.98M	-4.87M	-3.82M
Other Income/Expense	—	—	—	-208.73K	-589.80K
Pretax Income	162.12M	178.11M	104.98M	73.95M	28.48M
Income Tax	1.41M	5.93M	3.20M	2.90M	4.02M
Net Income	160.71M	172.18M	101.78M	71.05M	24.46M
EBITDA	213.16M	220.10M	131.22M	91.21M	41.68M
EBIT	182.63M	194.23M	111.84M	78.45M	32.47M
EPS (Basic)	3.74	4.00	2.37	1.65	0.57
EPS (Diluted)	3.74	4.00	2.37	1.65	0.57
DPS	2.50	2.29	1.65	1.20	0.80
Margins & Efficiency
Gross Margin %	+43.8%	+48.6%	+42.4%	+40.1%	+37.6%
EBITDA Margin %	+31.8%	+34.9%	+28.4%	+28.9%	+22.3%
Net Margin %	+24.0%	+27.3%	+22.0%	+22.5%	+13.1%
Revenue & Income
Revenue	669.81M	631.56M	461.96M	315.69M	187.19M
Revenue Growth (YoY)	+6.1%	+36.7%	+46.3%	+68.6%	-16.9%
Operating Revenue	657.90M	616.88M	446.49M	308.53M	176.09M
Interest & Investment Income	1.77M	1.75M	1.96M	0.57M	0.42M
Other Revenue	11.91M	14.69M	15.47M	7.15M	11.10M
Gain (Loss) on Sale of Assets	222.27K	—	156.52K	—	—
Expenses & Provisions
Advertising Expenses	—	—	8.86M	—	—
Cost of Revenue	376.16M	324.77M	266.05M	189.18M	116.78M
Selling, General & Admin	116.44M	108.23M	82.15M	50.06M	40.56M
Operating Expenses	111.02M	112.57M	84.07M	48.05M	37.94M
Other Operating Expenses	-3.69M	-3.24M	-2.28M	-1.18M	-1.12M
Interest Expense	-22.50M	-17.87M	-8.98M	-4.87M	-3.82M
Other Non Operating Income (Expenses)	—	—	—	-208.73K	-589.80K
D&A For EBITDA	30.53M	25.87M	19.38M	12.76M	9.21M
Profitability & Returns
Gross Profit	293.65M	306.80M	195.91M	126.51M	70.41M
Gross Margin	+43.8%	+48.6%	+42.4%	+40.1%	+37.6%
EBIT	182.63M	194.23M	111.84M	78.45M	32.47M
EBIT Margin	+27.3%	+30.8%	+24.2%	+24.9%	+17.3%
EBITDA	213.16M	220.10M	131.22M	91.21M	41.68M
EBITDA Margin	+31.8%	+34.9%	+28.4%	+28.9%	+22.3%
EBT Excluding Unusual Items	161.90M	178.11M	104.82M	73.95M	28.48M
Pretax Income	162.12M	178.11M	104.98M	73.95M	28.48M
Operating Income	182.63M	194.23M	111.84M	78.45M	32.47M
Operating Margin	+27.3%	+30.8%	+24.2%	+24.9%	+17.3%
Profit Margin	+24.0%	+27.3%	+22.0%	+22.5%	+13.1%
Net Income	160.71M	172.18M	101.78M	71.05M	24.46M
Net Income to Common	160.71M	172.18M	101.78M	71.05M	24.46M
Net Income Growth	-6.7%	+69.2%	+43.3%	+190.5%	-57.7%
Income Tax Expense	1.41M	5.93M	3.20M	2.90M	4.02M
Effective Tax Rate	+0.9%	+3.3%	+3.0%	+3.9%	+14.1%
Per Share & Capital
EPS (Basic)	3.74	4.00	2.37	1.65	0.57
EPS (Diluted)	3.74	4.00	2.37	1.65	0.57
EPS Growth	-6.7%	+69.2%	+43.3%	+190.5%	-57.7%
Dividend Per Share	2.50	2.29	1.65	1.20	0.80
Shares Outstanding (Basic)	43.00M	43.00M	43.00M	43.00M	43.00M
Shares Outstanding (Diluted)	43.00M	43.00M	43.00M	43.00M	43.00M
Dividend Growth	+9.1%	+38.8%	+37.5%	+50.0%	—
Free Cash Flow	67.25M	-30.65M	130.50M	95.19M	75.94M
Free Cash Flow Margin	+10.0%	-4.9%	+28.3%	+30.2%	+40.6%
Free Cash Flow Per Share	1.56	-0.71	3.04	2.21	1.77
Payout Ratio	+56.2%	+45.0%	+50.7%	+48.4%	+140.7%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Jul 31, 2025	2024Jul 31, 2024	2023Aug 31, 2023	2022Aug 31, 2022	2021Aug 31, 2021
Operating Summary
Revenue	669.81M	631.56M	461.96M	315.69M	187.19M
Cost of Revenue	376.16M	324.77M	266.05M	189.18M	116.78M
Gross Profit	293.65M	306.80M	195.91M	126.51M	70.41M
SG&A	116.44M	108.23M	82.15M	50.06M	40.56M
Operating Expenses	111.02M	112.57M	84.07M	48.05M	37.94M
Operating Income	182.63M	194.23M	111.84M	78.45M	32.47M
Interest Income	1.77M	1.75M	1.96M	0.57M	0.42M
Interest Expense	-22.50M	-17.87M	-8.98M	-4.87M	-3.82M
Other Income/Expense	—	—	—	-208.73K	-589.80K
Pretax Income	162.12M	178.11M	104.98M	73.95M	28.48M
Income Tax	1.41M	5.93M	3.20M	2.90M	4.02M
Net Income	160.71M	172.18M	101.78M	71.05M	24.46M
EBITDA	213.16M	220.10M	131.22M	91.21M	41.68M
EBIT	182.63M	194.23M	111.84M	78.45M	32.47M
EPS (Basic)	3.74	4.00	2.37	1.65	0.57
EPS (Diluted)	3.74	4.00	2.37	1.65	0.57
DPS	2.50	2.29	1.65	1.20	0.80
Margins & Efficiency
Gross Margin %	+43.8%	+48.6%	+42.4%	+40.1%	+37.6%
EBITDA Margin %	+31.8%	+34.9%	+28.4%	+28.9%	+22.3%
Net Margin %	+24.0%	+27.3%	+22.0%	+22.5%	+13.1%
Revenue & Income
Revenue	669.81M	631.56M	461.96M	315.69M	187.19M
Revenue Growth (YoY)	+6.1%	+36.7%	+46.3%	+68.6%	-16.9%
Operating Revenue	657.90M	616.88M	446.49M	308.53M	176.09M
Interest & Investment Income	1.77M	1.75M	1.96M	0.57M	0.42M
Other Revenue	11.91M	14.69M	15.47M	7.15M	11.10M
Gain (Loss) on Sale of Assets	222.27K	—	156.52K	—	—
Expenses & Provisions
Advertising Expenses	—	—	8.86M	—	—
Cost of Revenue	376.16M	324.77M	266.05M	189.18M	116.78M
Selling, General & Admin	116.44M	108.23M	82.15M	50.06M	40.56M
Operating Expenses	111.02M	112.57M	84.07M	48.05M	37.94M
Other Operating Expenses	-3.69M	-3.24M	-2.28M	-1.18M	-1.12M
Interest Expense	-22.50M	-17.87M	-8.98M	-4.87M	-3.82M
Other Non Operating Income (Expenses)	—	—	—	-208.73K	-589.80K
D&A For EBITDA	30.53M	25.87M	19.38M	12.76M	9.21M
Profitability & Returns
Gross Profit	293.65M	306.80M	195.91M	126.51M	70.41M
Gross Margin	+43.8%	+48.6%	+42.4%	+40.1%	+37.6%
EBIT	182.63M	194.23M	111.84M	78.45M	32.47M
EBIT Margin	+27.3%	+30.8%	+24.2%	+24.9%	+17.3%
EBITDA	213.16M	220.10M	131.22M	91.21M	41.68M
EBITDA Margin	+31.8%	+34.9%	+28.4%	+28.9%	+22.3%
EBT Excluding Unusual Items	161.90M	178.11M	104.82M	73.95M	28.48M
Pretax Income	162.12M	178.11M	104.98M	73.95M	28.48M
Operating Income	182.63M	194.23M	111.84M	78.45M	32.47M
Operating Margin	+27.3%	+30.8%	+24.2%	+24.9%	+17.3%
Profit Margin	+24.0%	+27.3%	+22.0%	+22.5%	+13.1%
Net Income	160.71M	172.18M	101.78M	71.05M	24.46M
Net Income to Common	160.71M	172.18M	101.78M	71.05M	24.46M
Net Income Growth	-6.7%	+69.2%	+43.3%	+190.5%	-57.7%
Income Tax Expense	1.41M	5.93M	3.20M	2.90M	4.02M
Effective Tax Rate	+0.9%	+3.3%	+3.0%	+3.9%	+14.1%
Per Share & Capital
EPS (Basic)	3.74	4.00	2.37	1.65	0.57
EPS (Diluted)	3.74	4.00	2.37	1.65	0.57
EPS Growth	-6.7%	+69.2%	+43.3%	+190.5%	-57.7%
Dividend Per Share	2.50	2.29	1.65	1.20	0.80
Shares Outstanding (Basic)	43.00M	43.00M	43.00M	43.00M	43.00M
Shares Outstanding (Diluted)	43.00M	43.00M	43.00M	43.00M	43.00M
Dividend Growth	+9.1%	+38.8%	+37.5%	+50.0%	—
Free Cash Flow	67.25M	-30.65M	130.50M	95.19M	75.94M
Free Cash Flow Margin	+10.0%	-4.9%	+28.3%	+30.2%	+40.6%
Free Cash Flow Per Share	1.56	-0.71	3.04	2.21	1.77
Payout Ratio	+56.2%	+45.0%	+50.7%	+48.4%	+140.7%